IRIS Accounts Production v24.1.9.2 SC409828 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4098282022-10-31SC4098282023-10-31SC4098282022-11-012023-10-31SC4098282021-10-31SC4098282021-11-012022-10-31SC4098282022-10-31SC409828ns15:Scotland2022-11-012023-10-31SC409828ns14:PoundSterling2022-11-012023-10-31SC409828ns10:Director12022-11-012023-10-31SC409828ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC409828ns10:SmallEntities2022-11-012023-10-31SC409828ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC409828ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-31SC409828ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC409828ns10:FullAccounts2022-11-012023-10-31SC409828ns5:CurrentFinancialInstruments2023-10-31SC409828ns5:CurrentFinancialInstruments2022-10-31SC409828ns5:Non-currentFinancialInstruments2023-10-31SC409828ns5:Non-currentFinancialInstruments2022-10-31SC409828ns5:ShareCapital2023-10-31SC409828ns5:ShareCapital2022-10-31SC409828ns5:RetainedEarningsAccumulatedLosses2023-10-31SC409828ns5:RetainedEarningsAccumulatedLosses2022-10-31SC409828ns5:PlantMachinery2022-11-012023-10-31SC409828ns5:PlantMachinery2022-10-31SC409828ns5:PlantMachinery2023-10-31SC409828ns5:PlantMachinery2022-10-31SC409828ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-31SC409828ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-012023-10-31SC409828ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-31SC409828ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-31SC409828ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-31SC409828ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31SC409828ns5:Secured2023-10-31SC409828ns5:Secured2022-10-31
REGISTERED NUMBER: SC409828 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

A & E Construction (Scotland) Ltd.

A & E Construction (Scotland) Ltd. (Registered number: SC409828)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


A & E Construction (Scotland) Ltd. (Registered number: SC409828)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,378 18,591

CURRENT ASSETS
Stocks 7,432 6,756
Debtors 5 85,054 121,239
Cash at bank and in hand 133,314 49,712
225,800 177,707
CREDITORS
Amounts falling due within one year 6 (160,761 ) (164,742 )
NET CURRENT ASSETS 65,039 12,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,417

31,556

CREDITORS
Amounts falling due after more than one
year

7

(16,667

)

(27,997

)

PROVISIONS FOR LIABILITIES (4,094 ) (3,532 )
NET ASSETS 60,656 27

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 60,653 24
SHAREHOLDERS' FUNDS 60,656 27

A & E Construction (Scotland) Ltd. (Registered number: SC409828)

Balance Sheet - continued
31 October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





James McLelland - Director


A & E Construction (Scotland) Ltd. (Registered number: SC409828)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

A & E Construction (Scotland) Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC409828. The registered office is 6 Oliver Road, Falkirk, Stirlingshire, FK1 1SR.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises value of the construction services supplied by the company in the year, exclusive of Value Added Tax. Turnover on long-term contracts is recognised at the appropriate stage of completion and is assessed on a contract by contract basis.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

Stocks
Stock is valued at the lower of cost and net realisable value.

Stock comprises of the purchase price of the materials , land and other direct costs associated with buying and renovating a property.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

A & E Construction (Scotland) Ltd. (Registered number: SC409828)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 69,517
Additions 2,975
At 31 October 2023 72,492
DEPRECIATION
At 1 November 2022 50,926
Charge for year 5,188
At 31 October 2023 56,114
NET BOOK VALUE
At 31 October 2023 16,378
At 31 October 2022 18,591

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 15,400
DEPRECIATION
At 1 November 2022 8,412
Charge for year 1,747
At 31 October 2023 10,159
NET BOOK VALUE
At 31 October 2023 5,241
At 31 October 2022 6,988

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 1,354 21,012
Amounts recoverable on contract 48,680 33,116
Other debtors 35,020 67,111
85,054 121,239

A & E Construction (Scotland) Ltd. (Registered number: SC409828)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 11,466
Hire purchase contracts 822 3,289
Trade creditors 24,775 83,369
Taxation and social security 120,469 55,419
Other creditors 4,695 11,199
160,761 164,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,667 27,175
Hire purchase contracts - 822
16,667 27,997

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 26,667 38,641

The Royal Bank of Scotland plc holds a floating charge over the company's assets.

Hire purchase contracts are secured over the assets to which they relate.