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REGISTERED NUMBER: SC366984 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

COLIN LOGAN BUILDING CONTRACTORS LTD

COLIN LOGAN BUILDING CONTRACTORS LTD (REGISTERED NUMBER: SC366984)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLIN LOGAN BUILDING CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: C Logan Senior
C Logan Jr
G Logan





REGISTERED OFFICE: Newton Cottage
Jamieson Street
Bowmore
Isle of Islay
Argyll & Bute
PA43 7HL





REGISTERED NUMBER: SC366984 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

COLIN LOGAN BUILDING CONTRACTORS LTD (REGISTERED NUMBER: SC366984)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 407,886 350,824
407,886 350,824

CURRENT ASSETS
Debtors 6 31,957 85,573
Cash at bank 526,047 421,823
558,004 507,396
CREDITORS
Amounts falling due within one year 7 175,150 146,889
NET CURRENT ASSETS 382,854 360,507
TOTAL ASSETS LESS CURRENT LIABILITIES 790,740 711,331

PROVISIONS FOR LIABILITIES 9 101,950 66,656
NET ASSETS 688,790 644,675

CAPITAL AND RESERVES
Called up share capital 99 99
Share premium 234,061 234,061
Retained earnings 454,630 410,515
SHAREHOLDERS' FUNDS 688,790 644,675

COLIN LOGAN BUILDING CONTRACTORS LTD (REGISTERED NUMBER: SC366984)

BALANCE SHEET - continued
30TH NOVEMBER 2023


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2nd August 2024 and were signed on its behalf by:





C Logan Senior - Director


COLIN LOGAN BUILDING CONTRACTORS LTD (REGISTERED NUMBER: SC366984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% Reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% on cost

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.

COLIN LOGAN BUILDING CONTRACTORS LTD (REGISTERED NUMBER: SC366984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 300,000
AMORTISATION
At 1st December 2022
and 30th November 2023 300,000
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2022 491,001 185,964 2,844 679,809
Additions 119,630 24,280 515 144,425
At 30th November 2023 610,631 210,244 3,359 824,234
DEPRECIATION
At 1st December 2022 214,254 112,140 2,591 328,985
Charge for year 67,624 19,526 213 87,363
At 30th November 2023 281,878 131,666 2,804 416,348
NET BOOK VALUE
At 30th November 2023 328,753 78,578 555 407,886
At 30th November 2022 276,747 73,824 253 350,824

COLIN LOGAN BUILDING CONTRACTORS LTD (REGISTERED NUMBER: SC366984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,957 85,573

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 1,511
Trade creditors 10,586 6,825
Corporation tax 39,926 19,968
Social security and other taxes 38,619 35,855
Directors' current accounts 2,696 1,658
Accrued expenses 83,323 81,072
175,150 146,889

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 1,511

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 101,950 66,656

Deferred
tax
£   
Balance at 1st December 2022 66,656
Provided during year 35,294
Accelerated Capital Allowances
Balance at 30th November 2023 101,950

10. ULTIMATE CONTROLLING PARTY

The Company is under the control of the directors. No individual director has a controlling interest in the Company