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Company Registration No. NI649332 (Northern Ireland)
Scott Group Construction Limited Unaudited accounts for the year ended 30 November 2023
Scott Group Construction Limited Unaudited accounts Contents
Page
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Scott Group Construction Limited Company Information for the year ended 30 November 2023
Director
S Scott
Company Number
NI649332 (Northern Ireland)
Registered Office
17a Groarty Road Derry BT48 0JX Northern Ireland
Accountants
Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry Northern Ireland BT48 0LU
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Scott Group Construction Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,157 
24,505 
Current assets
Debtors
4,319 
25,710 
Cash at bank and in hand
59,329 
62,110 
63,648 
87,820 
Creditors: amounts falling due within one year
(12,090)
(21,814)
Net current assets
51,558 
66,006 
Total assets less current liabilities
71,715 
90,511 
Creditors: amounts falling due after more than one year
(23,432)
(27,048)
Net assets
48,283 
63,463 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
48,282 
63,462 
Shareholders' funds
48,283 
63,463 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2024 and were signed on its behalf by
S Scott Director Company Registration No. NI649332
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Scott Group Construction Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Scott Group Construction Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI649332. The registered office is 17a Groarty Road, Derry, BT48 0JX, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Hire purchase contracts and leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Scott Group Construction Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
29,730 
Additions
142 
At 30 November 2023
29,872 
Depreciation
At 1 December 2022
5,225 
Charge for the year
4,490 
At 30 November 2023
9,715 
Net book value
At 30 November 2023
20,157 
At 30 November 2022
24,505 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
779 
1,286 
Trade debtors
3,540 
6,532 
Other debtors
- 
17,892 
4,319 
25,710 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,403 
4,382 
Trade creditors
1,168 
4,320 
Taxes and social security
(370)
855 
Loans from directors
6,889 
12,257 
12,090 
21,814 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,432 
27,048 
The company obtained a bounce back loan. There is no security held against these borrowings.
8
Transactions with related parties
During the current year the following transactions arose between the director and the company: - net funds repaid to director = £ 5,368 The amount owed to the director at the year-end date was £6,889. This is disclosed at creditors falling due within one year at note 6. No interest is being charged by the director and the amount is repayable on demand.
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Scott Group Construction Limited Notes to the Accounts for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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