2022-12-01 2023-11-30 false Capium Accounts Production 1.1 SC323584 bus:AbridgedAccounts 2022-12-01 2023-11-30 SC323584 bus:FRS102 2022-12-01 2023-11-30 SC323584 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 SC323584 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC323584 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC323584 2022-12-01 2023-11-30 SC323584 2023-11-30 SC323584 bus:RegisteredOffice 2022-12-01 2023-11-30 SC323584 core:WithinOneYear 2023-11-30 SC323584 core:AfterOneYear 2023-11-30 SC323584 bus:Director1 2022-12-01 2023-11-30 SC323584 bus:Director1 2023-11-30 SC323584 bus:Director1 2021-12-01 2022-11-30 SC323584 bus:Director2 2022-12-01 2023-11-30 SC323584 bus:Director2 2023-11-30 SC323584 bus:Director2 2021-12-01 2022-11-30 SC323584 bus:Director3 2022-12-01 2023-11-30 SC323584 bus:Director3 2023-11-30 SC323584 bus:Director3 2021-12-01 2022-11-30 SC323584 2021-12-01 SC323584 bus:CompanySecretary1 2022-12-01 2023-11-30 SC323584 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 SC323584 2021-12-01 2022-11-30 SC323584 2022-11-30 SC323584 core:WithinOneYear 2022-11-30 SC323584 core:AfterOneYear 2022-11-30 SC323584 bus:EntityAccountantsOrAuditors 2021-12-01 2022-11-30 SC323584 core:PlantMachinery 2022-12-01 2023-11-30 SC323584 core:PlantMachinery 2023-11-30 SC323584 core:PlantMachinery 2022-11-30 SC323584 core:MotorCars 2022-12-01 2023-11-30 SC323584 core:MotorCars 2023-11-30 SC323584 core:MotorCars 2022-11-30 SC323584 core:FurnitureFittings 2022-12-01 2023-11-30 SC323584 core:FurnitureFittings 2023-11-30 SC323584 core:FurnitureFittings 2022-11-30 SC323584 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 SC323584 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 SC323584 core:NetGoodwill 2022-12-01 2023-11-30 SC323584 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 SC323584 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 SC323584 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 SC323584 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 SC323584 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 SC323584 core:Non-currentFinancialInstruments 2023-11-30 SC323584 core:Non-currentFinancialInstruments 2022-11-30 SC323584 core:ShareCapital 2023-11-30 SC323584 core:ShareCapital 2022-11-30 SC323584 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC323584 core:RetainedEarningsAccumulatedLosses 2022-11-30 SC323584 dpl:Item1 2022-12-01 SC323584 dpl:Item1 2023-11-30 SC323584 dpl:Item1 2021-12-01 SC323584 dpl:Item1 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC323584
Scotland

 

 

 

BCA INSULATION LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Turner Accountancy Limited
30 November 2023



....................................................
Turner Accountancy Limited
101 Park Street

Motherwell
ML1 1PF
15 August 2024
1
 

 
Notes

 
2023
£

  2022
£
(as restated)
Fixed assets      
Tangible fixed assets 3 43,223    84,972 
43,223    84,972 
Current assets      
Stocks 841,737    1,180,798 
Debtors 2,159,297    1,612,305 
Cash at bank and in hand 477,538    629,569 
3,478,572    3,422,672 
Creditors: amount falling due within one year (1,568,742)   (1,863,265)
Net current assets 1,909,830    1,559,407 
 
Total assets less current liabilities 1,953,053    1,644,379 
Creditors: amount falling due after more than one year (87,450)   (172,496)
Provisions for liabilities (11,893)   (11,893)
Net assets 1,853,710    1,459,990 
 

Capital and reserves
     
Called up share capital 9,000    9,000 
Profit and loss account 1,844,710    1,450,990 
Shareholders' funds 1,853,710    1,459,990 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 15 August 2024 and were signed on its behalf by:


-------------------------------
Wilson Shaw
Director
2
General Information
BCA Insulation Limited is a private company, limited by shares, registered in Scotland, registration number SC323584, registration address Gilburn Industrial Estate, 1 Gilburn Place, Shotts, Scotland, ML7 5ES.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25 Reducing Balance
Motor Vehicles 25 Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 56 (2022 : 38).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 December 2022 82,081    119,325    2,946    204,352 
Additions      
Disposals      
At 30 November 2023 82,081    119,325    2,946    204,352 
Depreciation
At 01 December 2022 77,835    80,923    2,371    161,129 
Charge for year      
On disposals      
At 30 November 2023 77,835    80,923    2,371    161,129 
Net book values
Closing balance as at 30 November 2023 4,246    38,402    575    43,223 
Opening balance as at 01 December 2022 17,880    67,092      84,972 

The net book value of Plant and Machinery includes £ 70,863 (2022 £70,863) in respect of assets leased under finance leases or hire purchase contracts.

3