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REGISTERED NUMBER: SC065642 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: M Gillies





REGISTERED OFFICE: Unit 61, 23 Kyle Road
Irvine Industrial Estate
Irvine
Ayrshire
KA12 8LE





REGISTERED NUMBER: SC065642 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,603 137,862

CURRENT ASSETS
Stocks 118,000 133,392
Debtors 5 289,475 321,081
Cash at bank 208 208
407,683 454,681
CREDITORS
Amounts falling due within one year 6 276,324 335,993
NET CURRENT ASSETS 131,359 118,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,962

256,550

CREDITORS
Amounts falling due after more than one
year

7

(33,824

)

(39,706

)

PROVISIONS FOR LIABILITIES 9 (7,268 ) (3,865 )
NET ASSETS 221,870 212,979

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 216,870 207,979
221,870 212,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

BALANCE SHEET - continued
31 AUGUST 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 29 August 2024 and were signed by:





M Gillies - Director


HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

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

1. STATUTORY INFORMATION

Hugh K. Gillies (Construction Engineering Services) 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.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 year was 18 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 160,204 113,676 24,780 106,354 405,014
Additions - - - 4,500 4,500
At 31 August 2023 160,204 113,676 24,780 110,854 409,514
DEPRECIATION
At 1 September 2022 63,754 94,420 17,887 91,091 267,152
Charge for year 3,204 1,925 689 4,941 10,759
At 31 August 2023 66,958 96,345 18,576 96,032 277,911
NET BOOK VALUE
At 31 August 2023 93,246 17,331 6,204 14,822 131,603
At 31 August 2022 96,450 19,256 6,893 15,263 137,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 266,189 303,358
Other debtors 23,286 17,723
289,475 321,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 93,612 110,175
Hire purchase contracts - 1,772
Trade creditors 114,392 143,035
Taxation and social security 29,368 21,874
Other creditors 38,952 59,137
276,324 335,993

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 33,824 39,706

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,295 16,177

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank overdrafts 87,730 104,293
Hire purchase contracts - 1,772
87,730 106,065

The bank overdraft is secured by a standard security over the company's property together with a floating charge over the company's other assets.

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 7,268 3,865

Deferred
tax
£   
Balance at 1 September 2022 3,865
Provided during year 3,403
Balance at 31 August 2023 7,268