IRIS Accounts Production v24.1.9.2 SC291795 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2917952022-10-31SC2917952023-10-31SC2917952022-11-012023-10-31SC2917952021-10-31SC2917952021-11-012022-10-31SC2917952022-10-31SC291795ns15:Scotland2022-11-012023-10-31SC291795ns14:PoundSterling2022-11-012023-10-31SC291795ns10:Director12022-11-012023-10-31SC291795ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC291795ns10:SmallEntities2022-11-012023-10-31SC291795ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC291795ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC291795ns10:FullAccounts2022-11-012023-10-31SC291795ns10:RegisteredOffice2022-11-012023-10-31SC291795ns5:CurrentFinancialInstruments2023-10-31SC291795ns5:CurrentFinancialInstruments2022-10-31SC291795ns5:Non-currentFinancialInstruments2023-10-31SC291795ns5:Non-currentFinancialInstruments2022-10-31SC291795ns5:ShareCapital2023-10-31SC291795ns5:ShareCapital2022-10-31SC291795ns5:RetainedEarningsAccumulatedLosses2023-10-31SC291795ns5:RetainedEarningsAccumulatedLosses2022-10-31SC291795ns5:FurnitureFittings2022-11-012023-10-31SC291795ns5:MotorVehicles2022-11-012023-10-31SC291795ns5:ComputerEquipment2022-11-012023-10-31SC291795ns5:FurnitureFittings2022-10-31SC291795ns5:MotorVehicles2022-10-31SC291795ns5:ComputerEquipment2022-10-31SC291795ns5:FurnitureFittings2023-10-31SC291795ns5:MotorVehicles2023-10-31SC291795ns5:ComputerEquipment2023-10-31SC291795ns5:FurnitureFittings2022-10-31SC291795ns5:MotorVehicles2022-10-31SC291795ns5:ComputerEquipment2022-10-31SC291795ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-31SC291795ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: SC291795 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BALFOUR ENGINEERING CONSULTANCY LTD

BALFOUR ENGINEERING CONSULTANCY LTD (REGISTERED NUMBER: SC291795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALFOUR ENGINEERING CONSULTANCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: I C Balfour





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC291795 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

BALFOUR ENGINEERING CONSULTANCY LTD (REGISTERED NUMBER: SC291795)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,114 20,403

CURRENT ASSETS
Stocks 4,701 5,008
Debtors 5 82,067 90,671
Cash at bank and in hand 35,307 66,444
122,075 162,123
CREDITORS
Amounts falling due within one year 6 113,698 110,569
NET CURRENT ASSETS 8,377 51,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,491

71,957

CREDITORS
Amounts falling due after more than one
year

7

17,624

28,007
NET ASSETS 8,867 43,950

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 8,765 43,848
8,867 43,950

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.

BALFOUR ENGINEERING CONSULTANCY LTD (REGISTERED NUMBER: SC291795)

BALANCE SHEET - continued
31 OCTOBER 2023


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 31 July 2024 and were signed by:





I C Balfour - Director


BALFOUR ENGINEERING CONSULTANCY LTD (REGISTERED NUMBER: SC291795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Balfour Engineering Consultancy Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company's liabilities exceeded its assets by £1,218 at 31 October 2023 (2022: (£43,950)). The company is thus dependent on the continued financial support of its creditors. The director is confident of this continuing support and of the company's long term trading prospects and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of financial support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BALFOUR ENGINEERING CONSULTANCY LTD (REGISTERED NUMBER: SC291795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 34,097 14,248 37,748 86,093
Additions 1,405 - 2,411 3,816
At 31 October 2023 35,502 14,248 40,159 89,909
DEPRECIATION
At 1 November 2022 18,976 11,013 35,701 65,690
Charge for year 3,229 809 2,067 6,105
At 31 October 2023 22,205 11,822 37,768 71,795
NET BOOK VALUE
At 31 October 2023 13,297 2,426 2,391 18,114
At 31 October 2022 15,121 3,235 2,047 20,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,653 79,816
Other debtors 24,414 10,855
82,067 90,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,113 35,171
Trade creditors 692 3,119
Taxation and social security 58,071 53,163
Other creditors 19,822 19,116
113,698 110,569

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,624 28,007