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REGISTERED NUMBER: SC448403 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CLYDE VALLEY DESIGN PRACTICE LIMITED

CLYDE VALLEY DESIGN PRACTICE LIMITED (REGISTERED NUMBER: SC448403)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CLYDE VALLEY DESIGN PRACTICE LIMITED

COMPANY INFORMATION
for the year ended 30 APRIL 2024







DIRECTOR: J A Struthers





REGISTERED OFFICE: 2 Tait Walk
Crossford
CARLUKE
ML8 5NR





REGISTERED NUMBER: SC448403 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

CLYDE VALLEY DESIGN PRACTICE LIMITED (REGISTERED NUMBER: SC448403)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 2,350 1,500
Debtors 5 15,768 3,218
Cash at bank 592,036 622,056
610,154 626,774
CREDITORS
Amounts falling due within one year 6 (24,458 ) (35,386 )
NET CURRENT ASSETS 585,696 591,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,696

591,388

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 585,695 591,387
SHAREHOLDERS' FUNDS 585,696 591,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 6 September 2024 and were signed by:





J A Struthers - Director


CLYDE VALLEY DESIGN PRACTICE LIMITED (REGISTERED NUMBER: SC448403)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 APRIL 2024

1. STATUTORY INFORMATION

Clyde Valley Design Practice Limited is a private company, limited by shares, registered in Scotland, registration number SC448403. The registered office is 2 Tait Walk, Crossford, Carluke, ML8 5NR.

The principal activity of the company is that of architects.

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.

The presentation currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates included in these accounts.

Turnover
Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Services
Income from services is recognised when performed, such that risks and rewards have been transferred to the end client.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 33% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

CLYDE VALLEY DESIGN PRACTICE LIMITED (REGISTERED NUMBER: SC448403)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 1 (2023 - 1 ) .

CLYDE VALLEY DESIGN PRACTICE LIMITED (REGISTERED NUMBER: SC448403)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 7,526
DEPRECIATION
At 1 May 2023
and 30 April 2024 7,526
NET BOOK VALUE
At 30 April 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,523 3,218
Other debtors 1,245 -
15,768 3,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 424 33
Taxation and social security 21,961 31,353
Other creditors 2,073 4,000
24,458 35,386

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £43,500 were paid to the director .