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REGISTERED NUMBER: SC113378 (Scotland)















Financial Statements

for the Year Ended 31 March 2024

for

Abercorn Builders Limited

Abercorn Builders Limited (Registered number: SC113378)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abercorn Builders Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Walker





REGISTERED OFFICE: Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YD





REGISTERED NUMBER: SC113378 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Abercorn Builders Limited (Registered number: SC113378)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,035 37,765

CURRENT ASSETS
Stocks 5 3,502 3,250
Debtors 6 155,071 159,508
Cash at bank and in hand 169,369 195,877
327,942 358,635
CREDITORS
Amounts falling due within one year 7 145,782 214,799
NET CURRENT ASSETS 182,160 143,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,195

181,601

CREDITORS
Amounts falling due after more than one
year

8

56,487

86,487
NET ASSETS 147,708 95,114

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 147,608 95,014
SHAREHOLDERS' FUNDS 147,708 95,114

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

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

Abercorn Builders Limited (Registered number: SC113378)

Balance Sheet - continued
31 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 the director and authorised for issue on 5 September 2024 and were signed by:





G Walker - Director


Abercorn Builders Limited (Registered number: SC113378)

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

1. STATUTORY INFORMATION

Abercorn Builders 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Fixtures and fittings - not provided
Motor vehicles - 25% 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.

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 14 (2023 - 16 ) .

Abercorn Builders Limited (Registered number: SC113378)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 40,503 31,441 105,044 12,856 189,844
Disposals - - (13,700 ) - (13,700 )
At 31 March 2024 40,503 31,441 91,344 12,856 176,144
DEPRECIATION
At 1 April 2023 40,503 31,441 69,319 10,816 152,079
Charge for year - - 7,004 1,020 8,024
Eliminated on disposal - - (5,994 ) - (5,994 )
At 31 March 2024 40,503 31,441 70,329 11,836 154,109
NET BOOK VALUE
At 31 March 2024 - - 21,015 1,020 22,035
At 31 March 2023 - - 35,725 2,040 37,765

5. STOCKS
31.3.24 31.3.23
£    £   
Stock And Work In Progress 3,502 3,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade Debtors 145,879 159,508
Sundry debtor 9,192 -
155,071 159,508

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 11,963 32,675
Trade creditors 42,709 56,091
Loan - Funding Circle - 6,917
Pension creditor 825 1,513
Tax 18,704 23,130
Social security and other taxes 14,354 10,960
VAT 41,164 49,428
Wages Control Account - 9,410
Directors' current accounts 11,917 3,500
Accrued expenses 4,146 21,175
145,782 214,799

Abercorn Builders Limited (Registered number: SC113378)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank Loan 21,667 31,667
Other loans - 2-5 years 34,820 54,820
56,487 86,487

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100