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REGISTERED NUMBER: SC311940 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CREAGARD BUILDERS LIMITED

CREAGARD BUILDERS LIMITED (REGISTERED NUMBER: SC311940)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREAGARD BUILDERS LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2023







DIRECTOR: A M Muir





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC311940 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

CREAGARD BUILDERS LIMITED (REGISTERED NUMBER: SC311940)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,193 86,538

CURRENT ASSETS
Stocks 45,974 43,190
Debtors 5 6,057 13,317
Cash at bank 34,241 -
86,272 56,507
CREDITORS
Amounts falling due within one year 6 77,321 35,312
NET CURRENT ASSETS 8,951 21,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,144

107,733

CREDITORS
Amounts falling due after more than one year 7 (85,000 ) (85,000 )

PROVISIONS FOR LIABILITIES (27,548 ) (18,535 )
NET ASSETS 6,596 4,198

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,496 4,098
SHAREHOLDERS' FUNDS 6,596 4,198

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

CREAGARD BUILDERS LIMITED (REGISTERED NUMBER: SC311940)

BALANCE SHEET - continued
30 November 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 28 August 2024 and were signed by:





A M Muir - Director


CREAGARD BUILDERS LIMITED (REGISTERED NUMBER: SC311940)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

Creagard Builders Limited 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

CREAGARD BUILDERS LIMITED (REGISTERED NUMBER: SC311940)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 128,231 28,365 625 157,221
Additions 24,150 27,177 - 51,327
At 30 November 2023 152,381 55,542 625 208,548
DEPRECIATION
At 1 December 2022 51,520 18,563 600 70,683
Charge for year 25,215 2,451 6 27,672
At 30 November 2023 76,735 21,014 606 98,355
NET BOOK VALUE
At 30 November 2023 75,646 34,528 19 110,193
At 30 November 2022 76,711 9,802 25 86,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,057 13,317

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 145
Trade creditors 54,718 16,872
Taxation and social security 19,586 5,522
Other creditors 3,017 12,773
77,321 35,312

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 85,000 85,000