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REGISTERED NUMBER: SC463008 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)






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


BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs P Davidson
Mrs L M Davidson
I A Davidson
S Davidson





REGISTERED OFFICE: Unit 24
Whistleberry Park Industrial Estate
Hamilton
ML3 0ED





REGISTERED NUMBER: SC463008 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,731 43,463

CURRENT ASSETS
Stocks 5 37,372 74,172
Debtors 6 9,907 19,844
Cash at bank 42,854 14,829
90,133 108,845
CREDITORS
Amounts falling due within one year 7 85,653 82,675
NET CURRENT ASSETS 4,480 26,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,211

69,633

CREDITORS
Amounts falling due after more than one
year

8

(19,111

)

(32,508

)

PROVISIONS FOR LIABILITIES 9 (5,269 ) (8,258 )
NET ASSETS 7,831 28,867

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,731 28,767
SHAREHOLDERS' FUNDS 7,831 28,867

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.

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

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 11 September 2024 and were signed on its behalf by:




I A Davidson - Director



S Davidson - Director


BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Barncluith Construction and Property Development 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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.

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.

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.

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 28,482 428 38,540 292 67,742
Additions - - - 657 657
At 31 March 2024 28,482 428 38,540 949 68,399
DEPRECIATION
At 1 April 2023 11,365 427 12,196 291 24,279
Charge for year 6,630 - 9,636 123 16,389
At 31 March 2024 17,995 427 21,832 414 40,668
NET BOOK VALUE
At 31 March 2024 10,487 1 16,708 535 27,731
At 31 March 2023 17,117 1 26,344 1 43,463

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 23,100
DEPRECIATION
At 1 April 2023 7,700
Charge for year 5,775
At 31 March 2024 13,475
NET BOOK VALUE
At 31 March 2024 9,625
At 31 March 2023 15,400

5. STOCKS
31.3.24 31.3.23
£    £   
Work in progress 37,372 74,172

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
VAT 2,237 11,174
Prepayments and accrued income 7,670 8,670
9,907 19,844

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,647 3,201
Trade creditors 39,890 18,595
Corporation tax 9,473 13,034
Payroll taxation 618 641
Wages control 428 -
Directors' current accounts 19,247 34,961
Accrued charges 2,350 2,243
85,653 82,675

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,833 15,833
Hire purchase contracts 3,278 6,675
19,111 32,508

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 5,269 8,258

Deferred
tax
£   
Balance at 1 April 2023 8,258
Provided during year (2,989 )
Balance at 31 March 2024 5,269