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REGISTERED NUMBER: SC219936 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Corstorphine Roofing & Building Limited

Corstorphine Roofing & Building Limited (Registered number: SC219936)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Corstorphine Roofing & Building Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: C Hardy





SECRETARY: Mrs DS Hardy





REGISTERED OFFICE: 39 Turnhouse Road
Edinburgh
Lothian
EH12 0AE





REGISTERED NUMBER: SC219936 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Corstorphine Roofing & Building Limited (Registered number: SC219936)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 439,790 455,792
439,790 455,792

CURRENT ASSETS
Stocks 37,500 37,500
Debtors 6 383,923 1,757,856
Cash at bank 7,822 259
429,245 1,795,615
CREDITORS
Amounts falling due within one year 7 914,504 2,036,766
NET CURRENT LIABILITIES (485,259 ) (241,151 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,469

)

214,641

CREDITORS
Amounts falling due after more than one year 8 (55,239 ) (134,722 )

PROVISIONS FOR LIABILITIES (9,619 ) (17,696 )
NET (LIABILITIES)/ASSETS (110,327 ) 62,223

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (110,427 ) 62,123
SHAREHOLDERS' FUNDS (110,327 ) 62,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Corstorphine Roofing & Building Limited (Registered number: SC219936)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





C Hardy - Director


Corstorphine Roofing & Building Limited (Registered number: SC219936)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Corstorphine Roofing & Building Limited 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.

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


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 company has made a loss in the year ended 31 October 2023 resulting in the Balance Sheet having net liabilities. The Director and Shareholders have confirmed that they will continue to financially support the company to meet its obligations as they fall due. Therefore, the accounts have been prepared on a going concern basis.

Turnover
Turnover consists of the sales value, excluding value added tax, of all work done in the period under contracts to supply goods and services to third parties. The company's policy is to recognise a sale when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not provided
Plant and machinery etc - 25% on reducing balance, 25% on cost and 10% on cost

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.


Corstorphine Roofing & Building Limited (Registered number: SC219936)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Work in progress
Work in progress is valued at director's assessment of job progression, based on professional expertise and valuations conducted on jobs in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 50,000
AMORTISATION
At 1 November 2022
and 31 October 2023 50,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Corstorphine Roofing & Building Limited (Registered number: SC219936)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 269,128 714,131 983,259
Additions - 36,013 36,013
Disposals - (336,441 ) (336,441 )
At 31 October 2023 269,128 413,703 682,831
DEPRECIATION
At 1 November 2022 - 527,467 527,467
Charge for year - 15,136 15,136
Eliminated on disposal - (299,562 ) (299,562 )
At 31 October 2023 - 243,041 243,041
NET BOOK VALUE
At 31 October 2023 269,128 170,662 439,790
At 31 October 2022 269,128 186,664 455,792

No indicators of impairment were noted in the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 59,940 60,247
Amounts recoverable on contract 310,841 1,668,733
Other debtors 13,142 28,876
383,923 1,757,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 86,657 223,913
Hire purchase contracts 10,000 14,036
Trade creditors 114,134 47,474
Amounts owed to group undertakings 496,620 1,703,284
Taxation and social security 45,085 46,094
Other creditors 162,008 1,965
914,504 2,036,766

Corstorphine Roofing & Building Limited (Registered number: SC219936)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 48,572 118,055
Hire purchase contracts 6,667 16,667
55,239 134,722