1 April 2023 false No description of principal activity Taxfiler 2024.5 SC473772business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC4737722023-03-31 SC4737722023-04-012024-03-31 SC473772business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 SC473772business:FilletedAccounts2023-04-012024-03-31 SC4737722024-03-31 SC473772business:Director12023-04-012024-03-31 SC473772business:Director22023-04-012024-03-31 SC473772business:RegisteredOffice2023-04-012024-03-31 SC4737722023-03-31 SC473772core:WithinOneYear2024-03-31 SC473772core:WithinOneYear2023-03-31 SC473772core:AfterOneYear2024-03-31 SC473772core:AfterOneYear2023-03-31 SC473772core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC473772core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC473772core:CapitalContributionReservecore:PreviouslyStatedAmount2024-03-31 SC473772core:CapitalContributionReservecore:PreviouslyStatedAmount2023-03-31 SC473772core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC473772core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC473772core:PreviouslyStatedAmount2024-03-31 SC473772core:PreviouslyStatedAmount2023-03-31 SC473772business:SmallEntities2023-04-012024-03-31 SC473772countries:Scotland2023-04-012024-03-31 SC473772core:Goodwill2023-03-31 SC473772core:Goodwill2024-03-31 SC473772core:LandBuildings2023-03-31 SC473772core:PlantMachinery2023-03-31 SC473772core:MotorVehicles2023-03-31 SC473772core:FurnitureFittings2023-03-31 SC473772core:ComputerEquipment2023-03-31 SC473772core:LandBuildings2023-04-012024-03-31 SC473772core:PlantMachinery2023-04-012024-03-31 SC473772core:MotorVehicles2023-04-012024-03-31 SC473772core:FurnitureFittings2023-04-012024-03-31 SC473772core:ComputerEquipment2023-04-012024-03-31 SC473772core:LandBuildings2024-03-31 SC473772core:PlantMachinery2024-03-31 SC473772core:MotorVehicles2024-03-31 SC473772core:FurnitureFittings2024-03-31 SC473772core:ComputerEquipment2024-03-31 SC473772business:OrdinaryShareClass12023-04-012024-03-31 SC473772business:OrdinaryShareClass12022-04-012023-03-31 SC4737722022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
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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
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IAIN COWIE PLANT HIRE & GROUNDWORKS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,636 
9,636 
Tangible assets
293,391 
211,368 
303,027 
221,004 
Current assets
Inventories
1,099 
1,099 
Debtors
99,719 
101,238 
Cash at bank and in hand
6,176 
3,833 
106,994 
106,170 
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 
Capital and reserves
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
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IAIN COWIE PLANT HIRE & GROUNDWORKS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
88,950 
At 31 March 2024
88,950 
Amortisation
At 1 April 2023
79,314 
At 31 March 2024
79,314 
Net book value
At 31 March 2024
9,636 
At 31 March 2023
9,636 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
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 
99,474 
101,238 
Amounts falling due after more than one year
Trade debtors
181 
- 
Accrued income and prepayments
64 
- 
245 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
22,477 
16,250 
Obligations under finance leases and hire purchase contracts
- 
200,557 
Trade creditors
- 
20,618 
Taxes and social security
5,164 
2,159 
Other creditors
- 
(32,626)
Accruals
- 
2,544 
27,641 
209,502 
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 
- 
237,026 
- 
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IAIN COWIE PLANT HIRE & GROUNDWORKS LTD Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
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).
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