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REGISTERED NUMBER: SC750201 (Scotland)















Class Construction (Highland) Ltd

Financial Statements For The Period 14 November 2022 to 30 November 2023






Class Construction (Highland) Ltd (Registered number: SC750201)






Contents of the Financial Statements
For The Period 14 November 2022 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Class Construction (Highland) Ltd

Company Information
For The Period 14 November 2022 to 30 November 2023







DIRECTOR: S P Condon





REGISTERED OFFICE: 1st Floor
Robertson House
Inverness
IV1 1NF





REGISTERED NUMBER: SC750201 (Scotland)





ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF

Class Construction (Highland) Ltd (Registered number: SC750201)

Balance Sheet
30 November 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 31,964

CURRENT ASSETS
Stocks 3,237
Debtors 5 663
Cash at bank and in hand 1,722
5,622
CREDITORS
Amounts falling due within one year 6 81,159
NET CURRENT LIABILITIES (75,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,573

)

RESERVES
Retained earnings (43,573 )
(43,573 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 19 June 2024 and were signed by:





S P Condon - Director


Class Construction (Highland) Ltd (Registered number: SC750201)

Notes to the Financial Statements
For The Period 14 November 2022 to 30 November 2023

1. STATUTORY INFORMATION

Class Construction (Highland) 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.

As at 31 November 2023 the company had net current liabilities of £75,537 and net liabilities of £43,573.

The accounts are prepared on a going concern basis as the director deems this to be appropriate as he will continue to support the company for at least 12 months from the date of signing the accounts.

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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 period 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 period 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.

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

Class Construction (Highland) Ltd (Registered number: SC750201)

Notes to the Financial Statements - continued
For The Period 14 November 2022 to 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
Additions 36,621
At 30 November 2023 36,621
DEPRECIATION
Charge for period 4,657
At 30 November 2023 4,657
NET BOOK VALUE
At 30 November 2023 31,964

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% reducing balance

Motor vehicles - 15% reducing balance

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 10,974
Taxation and social security 887
Other creditors 69,298
81,159