IRIS Accounts Production v24.1.0.578 SC122865 Board of Directors 1.4.23 31.3.24 31.3.24 2.9.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1228652023-03-31SC1228652024-03-31SC1228652023-04-012024-03-31SC1228652022-03-31SC1228652022-04-012023-03-31SC1228652023-03-31SC122865ns15:Scotland2023-04-012024-03-31SC122865ns14:PoundSterling2023-04-012024-03-31SC122865ns10:Director12023-04-012024-03-31SC122865ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC122865ns10:SmallEntities2023-04-012024-03-31SC122865ns10:Audited2023-04-012024-03-31SC122865ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC122865ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC122865ns10:FullAccounts2023-04-012024-03-31SC122865ns10:Director22023-04-012024-03-31SC122865ns10:Director32023-04-012024-03-31SC122865ns10:Director42023-04-012024-03-31SC122865ns10:CompanySecretary12023-04-012024-03-31SC122865ns10:RegisteredOffice2023-04-012024-03-31SC122865ns5:CurrentFinancialInstruments2024-03-31SC122865ns5:CurrentFinancialInstruments2023-03-31SC122865ns5:ShareCapital2024-03-31SC122865ns5:ShareCapital2023-03-31SC122865ns5:SharePremium2024-03-31SC122865ns5:SharePremium2023-03-31SC122865ns5:CapitalRedemptionReserve2024-03-31SC122865ns5:CapitalRedemptionReserve2023-03-31SC122865ns5:RetainedEarningsAccumulatedLosses2024-03-31SC122865ns5:RetainedEarningsAccumulatedLosses2023-03-31SC122865ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC122865ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC122865 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

William Hamilton & Sons
(Contractors) Limited

William Hamilton & Sons
(Contractors) Limited (Registered number: SC122865)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


William Hamilton & Sons
(Contractors) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G R Hamilton
Mr D Graham
Mr R T Hamilton
Mr D W Hamilton





SECRETARY: Mr D Graham





REGISTERED OFFICE: Dovesdale Farm
Carlisle Road
Stonehouse
ML9 3PR





REGISTERED NUMBER: SC122865 (Scotland)





AUDITORS: Graham & Co. (Accountants) Limited
Statutory Auditors
Chartered Accountants
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

William Hamilton & Sons
(Contractors) Limited (Registered number: SC122865)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 145,799 524,311
Cash at bank 146,467 119,420
292,266 643,731
CREDITORS
Amounts falling due within one year 5 165,770 141,227
NET CURRENT ASSETS 126,496 502,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,496

502,504

CAPITAL AND RESERVES
Called up share capital 9,500 9,500
Share premium 93,753 93,753
Capital redemption reserve 500 500
Retained earnings 22,743 398,751
SHAREHOLDERS' FUNDS 126,496 502,504

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 2 September 2024 and were signed on its behalf by:





Mr D Graham - Director


William Hamilton & Sons
(Contractors) Limited (Registered number: SC122865)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

William Hamilton & Sons (Contractors) 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.

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.

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.

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 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 86,019 101,218
Amounts owed by group undertakings 59,780 423,093
145,799 524,311

William Hamilton & Sons
(Contractors) Limited (Registered number: SC122865)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,025 (5,786 )
Taxation and social security 147,276 139,167
Other creditors 14,469 7,846
165,770 141,227

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kenneth Mackenzie (Senior Statutory Auditor)
for and on behalf of Graham & Co. (Accountants) Limited

7. CONTINGENT LIABILITIES

A cross corporate guarantee exists between the company and its parent company Wm Hamilton & Sons Limited.

8. RELATED PARTY DISCLOSURES

Administrative expenses includes £35,000 (2023 - £35,000) for management services and cost of sales includes £361,920 (2023 - £413,934) supplied by Wm Hamilton & Sons Ltd, the parent company, at commercial rates. Income includes sales of £367,547 (2023 - £397,749) charged to the parent company.

Included within debtors is a balance due by the parent company, Wm Hamilton & Sons Limited, amounting to £59,780 (2023- £423,093).

D Graham, D B Hamilton, G R Hamilton D W Hamilton and R T Hamilton are also directors of Wm Hamilton & Sons Limited.