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Registered number: SC435047

Black & Scott Builders Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
Shona Snell

Black & Scott Builders Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Malcolm Black
REGISTERED OFFICE
18 Gordon Park
Orchard Park Industrial Estate
Forfar
DD8 1WJ
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC435047
ACCOUNTANTS
Shona Snell

Black & Scott Builders Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Strategic Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Black & Scott Builders Ltd

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets324,52032,252
CURRENT ASSETS
Stock140,000130,000
Debtors5116,443103,143
256,443233,143
CREDITORS: Amounts falling due within one year6280,925261,715
NET CURRENT LIABILITIES(24,482)(28,572)
TOTAL ASSETS LESS CURRENT LIABILITIES383,680
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account363,678
SHAREHOLDERS' FUNDS383,680
For the year ending 31/01/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/10/2024 and signed on their behalf by
.............................
Malcolm Black
Director

Black & Scott Builders Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees68

Black & Scott Builders Ltd

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/02/202337,35339,7781,97366379,767
Additions--530-530
At 31/01/202437,35339,7782,50366380,297
Depreciation
At 01/02/202312,63533,99630657747,514
For the year6,1831,446606288,263
At 31/01/202418,81835,44291260555,777
Net Book Amounts
At 31/01/202418,5354,3361,5915824,520
At 31/01/202324,7185,7821,6678632,253
4. STOCK 20242023
££
Stock comprises:
Work in progress140,000130,000
140,000130,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors50,00049,796
CIS Deduction-5,788
Directors current account66,10347,559
116,103103,143

Black & Scott Builders Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax61,75244,436
VAT31,32474,914
PAYE control20,22912,048
Bank loans and overdrafts17,55611,301
Loans63,69232,364
Trade creditors73,44751,984
CIS Liability10,99232,363
Pension schemes1,9332,305
280,925261,715
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22