IRIS Accounts Production v24.2.0.383 SC523635 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5236352023-01-31SC5236352024-01-31SC5236352023-02-012024-01-31SC5236352022-01-31SC5236352022-02-012023-01-31SC5236352023-01-31SC523635ns15:Scotland2023-02-012024-01-31SC523635ns14:PoundSterling2023-02-012024-01-31SC523635ns10:Director12023-02-012024-01-31SC523635ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC523635ns10:SmallEntities2023-02-012024-01-31SC523635ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC523635ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC523635ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC523635ns10:FullAccounts2023-02-012024-01-31SC523635ns10:OrdinaryShareClass12023-02-012024-01-31SC523635ns5:CurrentFinancialInstruments2024-01-31SC523635ns5:CurrentFinancialInstruments2023-01-31SC523635ns5:Non-currentFinancialInstruments2024-01-31SC523635ns5:Non-currentFinancialInstruments2023-01-31SC523635ns5:ShareCapital2024-01-31SC523635ns5:ShareCapital2023-01-31SC523635ns5:RetainedEarningsAccumulatedLosses2024-01-31SC523635ns5:RetainedEarningsAccumulatedLosses2023-01-31SC523635ns10:RegisteredOffice2023-02-012024-01-31SC523635ns5:PlantMachinery2023-02-012024-01-31SC523635ns5:MotorVehicles2023-02-012024-01-31SC523635ns5:LandBuildings2023-01-31SC523635ns5:PlantMachinery2023-01-31SC523635ns5:MotorVehicles2023-01-31SC523635ns5:LandBuildings2023-02-012024-01-31SC523635ns5:LandBuildings2024-01-31SC523635ns5:PlantMachinery2024-01-31SC523635ns5:MotorVehicles2024-01-31SC523635ns5:LandBuildings2023-01-31SC523635ns5:PlantMachinery2023-01-31SC523635ns5:MotorVehicles2023-01-31SC523635ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-31SC523635ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-31SC523635ns5:LeasedAssetsHeldAsLessee2023-01-31SC523635ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-012024-01-31SC523635ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012024-01-31SC523635ns5:LeasedAssetsHeldAsLessee2023-02-012024-01-31SC523635ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-31SC523635ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-31SC523635ns5:LeasedAssetsHeldAsLessee2024-01-31SC523635ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-31SC523635ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-31SC523635ns5:LeasedAssetsHeldAsLessee2023-01-31SC523635ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31SC523635ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31SC523635ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: SC523635 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BEDROCK SCOTLAND LTD

BEDROCK SCOTLAND LTD (REGISTERED NUMBER: SC523635)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


BEDROCK SCOTLAND LTD (REGISTERED NUMBER: SC523635)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 395,647 506,695

CURRENT ASSETS
Stocks 5 631,410 799,410
Debtors 6 243,523 218,117
Cash at bank 5,531 12,090
880,464 1,029,617
CREDITORS
Amounts falling due within one year 7 746,144 945,676
NET CURRENT ASSETS 134,320 83,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,967

590,636

CREDITORS
Amounts falling due after more than one
year

8

(137,486

)

(262,446

)

PROVISIONS FOR LIABILITIES (56,173 ) (96,272 )
NET ASSETS 336,308 231,918

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 336,307 231,917
SHAREHOLDERS' FUNDS 336,308 231,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

BEDROCK SCOTLAND LTD (REGISTERED NUMBER: SC523635)

BALANCE SHEET - continued
31 January 2024



The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





J A McHugh (Jnr) - Director


BEDROCK SCOTLAND LTD (REGISTERED NUMBER: SC523635)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Bedrock Scotland Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC523635

Registered office: 22 Backbrae Street
Kilsyth
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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 reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

BEDROCK SCOTLAND LTD (REGISTERED NUMBER: SC523635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 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 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2023 100,000 736,888 14,195 851,083
Disposals - (68,333 ) - (68,333 )
Reclassification/transfer - - 494 494
At 31 January 2024 100,000 668,555 14,689 783,244
DEPRECIATION
At 1 February 2023 - 332,985 11,403 344,388
Charge for year - 97,851 698 98,549
Eliminated on disposal - (55,834 ) - (55,834 )
Reclassification/transfer - - 494 494
At 31 January 2024 - 375,002 12,595 387,597
NET BOOK VALUE
At 31 January 2024 100,000 293,553 2,094 395,647
At 31 January 2023 100,000 403,903 2,792 506,695

BEDROCK SCOTLAND LTD (REGISTERED NUMBER: SC523635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 729,388 14,195 743,583
Disposals (68,333 ) - (68,333 )
At 31 January 2024 661,055 14,195 675,250
DEPRECIATION
At 1 February 2023 326,822 11,897 338,719
Charge for year 97,517 698 98,215
Eliminated on disposal (55,834 ) - (55,834 )
Reclassification/transfer - 494 494
At 31 January 2024 368,505 13,089 381,594
NET BOOK VALUE
At 31 January 2024 292,550 1,106 293,656
At 31 January 2023 402,566 2,298 404,864

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 49,220 49,220
Work-in-progress 582,190 750,190
631,410 799,410

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 232,182 218,117
VAT 11,341 -
243,523 218,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other loans 437,702 421,702
Hire purchase contracts 121,289 121,766
Trade creditors 97,620 132,245
Social security and other taxes 14,036 8,612
VAT - 17,460
Other creditors 24,055 201,949
Directors' current accounts 5,529 5,292
Accrued expenses 45,913 36,650
746,144 945,676

BEDROCK SCOTLAND LTD (REGISTERED NUMBER: SC523635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 137,486 262,446

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
3 Ordinary Shares 1 1 1

10. RELATED PARTY DISCLOSURES

During the year the company purchased goods amounting to -£- (2022 - £22,487) to Bedrock Plant Hire Limited a company in which Mr J McHugh has a controlling interest. These services were purchased on an arms length basis. No monies were outstanding from the company at the period end (2023 - £-).

During the year the company sold goods amounting to £927,098 (2022 - £497,178) from Bedrock Plant Hire Limited a company in which Mr J McHugh has a controlling interest. These goods were sold on an arms length basis. £218,117 was outstanding from the company at the period end (2022 - £233,488).