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REGISTERED NUMBER: SC259027 (Scotland)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

GA Construction (Highlands) Ltd

GA Construction (Highlands) Ltd (Registered number: SC259027)

Contents of the Financial Statements
for the year ended 30th November 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


GA Construction (Highlands) Ltd

Company Information
for the year ended 30th November 2023







Directors: K L Armour
S G Armour





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC259027 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
GA Construction (Highlands) Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GA Construction (Highlands) Ltd for the year ended 30th November 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of GA Construction (Highlands) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GA Construction (Highlands) Ltd and state those matters that we have agreed to state to the Board of Directors of GA Construction (Highlands) Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GA Construction (Highlands) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of GA Construction (Highlands) Ltd. You consider that GA Construction (Highlands) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GA Construction (Highlands) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


9th September 2024

GA Construction (Highlands) Ltd (Registered number: SC259027)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 341,241 320,769

Current assets
Debtors 5 468,004 520,736
Cash at bank 353,495 535,262
821,499 1,055,998
Creditors
Amounts falling due within one year 6 75,566 92,122
Net current assets 745,933 963,876
Total assets less current liabilities 1,087,174 1,284,645

Creditors
Amounts falling due after more than one
year

7

(20,480

)

(17,899

)

Provisions for liabilities (28,023 ) (42,211 )
Net assets 1,038,671 1,224,535

Capital and reserves
Called up share capital 105 105
Retained earnings 1,038,566 1,224,430
1,038,671 1,224,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

GA Construction (Highlands) Ltd (Registered number: SC259027)

Balance Sheet - continued
30th November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:





S G Armour - Director


GA Construction (Highlands) Ltd (Registered number: SC259027)

Notes to the Financial Statements
for the year ended 30th November 2023


1. Statutory information

GA Construction (Highlands) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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
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.

GA Construction (Highlands) Ltd (Registered number: SC259027)

Notes to the Financial Statements - continued
for the year ended 30th November 2023


2. Accounting policies - continued

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 9 (2022 - 12 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1st December 2022 113,890 30,475 1,007,951 1,152,316
Additions 2,917 1,144 179,795 183,856
Disposals - - (185,277 ) (185,277 )
At 30th November 2023 116,807 31,619 1,002,469 1,150,895
Depreciation
At 1st December 2022 84,487 19,453 727,607 831,547
Charge for year 8,080 3,042 102,626 113,748
Eliminated on disposal - - (135,641 ) (135,641 )
At 30th November 2023 92,567 22,495 694,592 809,654
Net book value
At 30th November 2023 24,240 9,124 307,877 341,241
At 30th November 2022 29,403 11,022 280,344 320,769

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 112,721 197,512
Other debtors 355,283 323,224
468,004 520,736

GA Construction (Highlands) Ltd (Registered number: SC259027)

Notes to the Financial Statements - continued
for the year ended 30th November 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 35,454 23,868
Trade creditors - 12,223
Taxation and social security 14,849 30,417
Other creditors 25,263 25,614
75,566 92,122

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 20,480 17,899

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 55,934 41,767

The hire purchase creditor above are secured against the asset to which they relate to.

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
K L Armour and S G Armour
Balance outstanding at start of year 6,193 2,099
Amounts advanced 132,363 135,653
Amounts repaid (97,806 ) (131,559 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,750 6,193