Company Registration No. SC473772 (Scotland)
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Unaudited accounts
for the year ended 31 March 2024
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Unaudited accounts
Contents
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Company Information
for the year ended 31 March 2024
Directors
IAIN COWIE
STEPHANIE COWIE
Company Number
SC473772 (Scotland)
Registered Office
40 EAST MACKENZIE PARK
INVERNESS
IV2 3SR
UNITED KINGDOM
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Statement of financial position
as at 31 March 2024
Intangible assets
9,636
9,636
Tangible assets
293,391
211,368
Cash at bank and in hand
6,176
3,833
Creditors: amounts falling due within one year
(27,641)
(209,502)
Net current assets/(liabilities)
79,353
(103,332)
Total assets less current liabilities
382,380
117,672
Creditors: amounts falling due after more than one year
(237,026)
-
Provisions for liabilities
Deferred tax
(17,250)
(17,250)
Net assets
128,104
100,422
Called up share capital
100
100
Capital contribution reserve
128,906
128,906
Profit and loss account
(902)
(28,584)
Shareholders' funds
128,104
100,422
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by
IAIN COWIE
Director
Company Registration No. SC473772
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 March 2024
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD is a private company, limited by shares, registered in Scotland, registration number SC473772. The registered office is 40 EAST MACKENZIE PARK, INVERNESS, IV2 3SR, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2023
50,000
156,432
216,061
8,540
2,020
433,053
Additions
-
11,483
70,540
-
50
82,073
At 31 March 2024
50,000
167,915
286,601
8,540
2,070
515,126
At 1 April 2023
-
156,432
63,233
-
2,020
221,685
Charge for the year
-
-
-
-
50
50
At 31 March 2024
-
156,432
63,233
-
2,070
221,735
At 31 March 2024
50,000
11,483
223,368
8,540
-
293,391
At 31 March 2023
50,000
-
152,828
8,540
-
211,368
Amounts falling due within one year
Trade debtors
10,019
30,585
Amounts due from group undertakings etc.
133
-
Accrued income and prepayments
83,957
-
Other debtors
5,365
70,653
Amounts falling due after more than one year
Accrued income and prepayments
64
-
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
200,557
Taxes and social security
5,164
2,159
Other creditors
-
(32,626)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
222,468
-
Taxes and social security
14,558
-
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 7 (2023: 2).