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REGISTERED NUMBER: SC258581 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 31 AUGUST 2024

FOR

KNOYDART CONSTRUCTION COMPANY LIMITED

KNOYDART CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: SC258581)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 April 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNOYDART CONSTRUCTION COMPANY LIMITED

COMPANY INFORMATION
For The Period 1 April 2023 to 31 August 2024







DIRECTORS: Miss K J Banks
T G Robinson





REGISTERED OFFICE: Lovat Slipway
Mallaig
Inverness-Shire
PH41 4QS





REGISTERED NUMBER: SC258581 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

KNOYDART CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: SC258581)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 92,291 162,148
92,291 162,148

CURRENT ASSETS
Stocks - 15,000
Debtors 6 621,281 71,085
Cash at bank 20,143 770,286
641,424 856,371
CREDITORS
Amounts falling due within one year 7 448,705 770,688
NET CURRENT ASSETS 192,719 85,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,010

247,831

CREDITORS
Amounts falling due after more than one year 8 - (29,923 )

PROVISIONS FOR LIABILITIES (22,740 ) (40,968 )
NET ASSETS 262,270 176,940

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 262,268 176,938
SHAREHOLDERS' FUNDS 262,270 176,940

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

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

KNOYDART CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: SC258581)

BALANCE SHEET - continued
31 August 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 the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





Miss K J Banks - Director


KNOYDART CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: SC258581)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 April 2023 to 31 August 2024

1. STATUTORY INFORMATION

Knoydart Construction Company 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the period 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 period 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.

KNOYDART CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: SC258581)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2023 to 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 August 2024 9,500
AMORTISATION
At 1 April 2023
and 31 August 2024 9,500
NET BOOK VALUE
At 31 August 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 210,257 73,800 9,975 294,032
Additions 47,605 - 596 48,201
Disposals (96,385 ) (4,250 ) (1,489 ) (102,124 )
At 31 August 2024 161,477 69,550 9,082 240,109
DEPRECIATION
At 1 April 2023 92,360 33,558 5,966 131,884
Charge for period 47,510 11,402 2,471 61,383
Eliminated on disposal (41,414 ) (3,505 ) (530 ) (45,449 )
At 31 August 2024 98,456 41,455 7,907 147,818
NET BOOK VALUE
At 31 August 2024 63,021 28,095 1,175 92,291
At 31 March 2023 117,897 40,242 4,009 162,148

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 605,882 58,730
Other debtors 15,399 12,355
621,281 71,085

KNOYDART CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: SC258581)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2023 to 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,861 9,767
Trade creditors 234,620 328,624
Taxation and social security 184,543 107,534
Other creditors 3,681 324,763
448,705 770,688

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 29,923