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REGISTERED NUMBER: SC336380 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

NORBLOC CONSTRUCTION LTD.

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORBLOC CONSTRUCTION LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Ms P H Bremner
G Sinclair





SECRETARY:





REGISTERED OFFICE: Lower Fens
Camilla Street
Halkirk
Caithness
KW12 6YQ





REGISTERED NUMBER: SC336380 (Scotland)





ACCOUNTANTS: Goldwells Ltd
10 Knockbreck Street
Tain
Ross-Shire
IV19 1BJ

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424,252 447,345
Investments 5 4,750 4,750
429,002 452,095

CURRENT ASSETS
Stocks 324,095 143,935
Debtors 6 216,313 202,481
Cash at bank 543,055 577,217
1,083,463 923,633
CREDITORS
Amounts falling due within one year 7 351,197 243,107
NET CURRENT ASSETS 732,266 680,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,268

1,132,621

CREDITORS
Amounts falling due after more than one
year

8

-

(9,162

)

PROVISIONS FOR LIABILITIES (86,839 ) (95,646 )
NET ASSETS 1,074,429 1,027,813

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,074,428 1,027,812
1,074,429 1,027,813

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

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

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

BALANCE SHEET - continued
31ST 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 Ms P H Bremner, Mr G Sinclair the Board of Directors and authorised for issue on 30th May 2024 and were signed on its behalf by:




Ms P H Bremner - Director



G Sinclair - Director


NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

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

1. STATUTORY INFORMATION

Norbloc Construction 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 20% 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.

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.

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 69,560 927,117 996,677
Additions 13,200 95,073 108,273
Disposals - (118,055 ) (118,055 )
At 31st March 2024 82,760 904,135 986,895
DEPRECIATION
At 1st April 2023 4,800 544,532 549,332
Charge for year 1,064 97,175 98,239
Eliminated on disposal - (84,928 ) (84,928 )
At 31st March 2024 5,864 556,779 562,643
NET BOOK VALUE
At 31st March 2024 76,896 347,356 424,252
At 31st March 2023 64,760 382,585 447,345

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023
and 31st March 2024 4,750
NET BOOK VALUE
At 31st March 2024 4,750
At 31st March 2023 4,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 216,313 202,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,614 20,117
Trade creditors 214,673 73,257
Taxation and social security 115,465 138,288
Other creditors 11,445 11,445
351,197 243,107

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 9,162