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REGISTERED NUMBER: SC495839 (Scotland)




















C & G Developments (Scotland) Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






C & G Developments (Scotland) Ltd (Registered number: SC495839)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & G Developments (Scotland) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C B Porteous
G R Turnbull





REGISTERED OFFICE: 1 Dalmation House
Spott Road
Dunbar
East Lothian
EH42 1LE





REGISTERED NUMBER: SC495839 (Scotland)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX

C & G Developments (Scotland) Ltd (Registered number: SC495839)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,780 97,497

CURRENT ASSETS
Stocks 155,000 120,000
Debtors 5 94,735 38,868
Cash at bank 161,438 82,341
411,173 241,209
CREDITORS
Amounts falling due within one year 6 221,010 117,031
NET CURRENT ASSETS 190,163 124,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,943

221,675

CREDITORS
Amounts falling due after more than
one year

7

(98,340

)

(49,409

)

PROVISIONS FOR LIABILITIES (41,392 ) (17,007 )
NET ASSETS 223,211 155,259

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 222,211 154,259
223,211 155,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

C & G Developments (Scotland) Ltd (Registered number: SC495839)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





C B Porteous - Director


C & G Developments (Scotland) Ltd (Registered number: SC495839)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

C & G Developments (Scotland) 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.

Turnover
Turnover represents invoiced provision of property development and building projects.

Revenue from development projects are recognised when the service has been provided and all obligations to the customers under the agreement have been fulfilled.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.


C & G Developments (Scotland) Ltd (Registered number: SC495839)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The financial statements have been prepared on the going concern principle which assumes that the company will continue to trade in the foreseeable future.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it
is probable the company will be required to settle the obligations, and a reliable estimate can be
made of the obligations. The amount recgonised as a provision is the best estimate of the
consideration required to settle the present obligation at the end of the reporting period, taking into
account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

C & G Developments (Scotland) Ltd (Registered number: SC495839)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 175,816
Additions 122,027
Disposals (18,268 )
At 31 March 2024 279,575
DEPRECIATION
At 1 April 2023 78,319
Charge for year 46,744
Eliminated on disposal (18,268 )
At 31 March 2024 106,795
NET BOOK VALUE
At 31 March 2024 172,780
At 31 March 2023 97,497

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 89,385
Additions 101,820
At 31 March 2024 191,205
DEPRECIATION
At 1 April 2023 25,531
Charge for year 30,045
At 31 March 2024 55,576
NET BOOK VALUE
At 31 March 2024 135,629
At 31 March 2023 63,854

C & G Developments (Scotland) Ltd (Registered number: SC495839)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,171 38,868
Other debtors 5,564 -
94,735 38,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 36,682 21,659
Trade creditors 77,121 66,944
Taxation and social security 29,029 6,338
Other creditors 70,178 14,090
221,010 117,031

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,333 17,333
Hire purchase contracts 89,007 32,076
98,340 49,409