Glencoe Construction Limited Filleted Accounts Cover
Glencoe Construction Limited
Company No. 03869275
Information for Filing with The Registrar
30 November 2023
Glencoe Construction Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 November 2023.
Principal activities
The principal activity of the company during the year under review was general builders and contractors.
Director
The Director who served at any time during the year was as follows:
M. Singleton
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M. Singleton
Director
14 November 2024
Glencoe Construction Limited Balance Sheet Registrar
at
30 November 2023
Company No.
03869275
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
12,0178,664
12,0178,664
Current assets
Stocks
5
-500
Debtors
6
73,0903,695
Cash at bank and in hand
23,144115,173
96,234119,368
Creditors: Amount falling due within one year
7
(76,969)
(98,220)
Net current assets
19,26521,148
Total assets less current liabilities
31,28229,812
Provisions for liabilities
Deferred taxation
(2,283)
(1,646)
Net assets
28,99928,166
Capital and reserves
Called up share capital
11
Profit and loss account
9
28,99828,165
Total equity
28,99928,166
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 14 November 2024 and signed on its behalf by:
M. Singleton
Director
14 November 2024
Glencoe Construction Limited Notes to the Accounts Registrar
for the year ended 30 November 2023
1
General information
Glencoe Construction Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 03869275
Its registered office is:
12 Glencoe Road
Bushey
Herts
WD23 3DS
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
10% Reducing balance
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
20% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 December 2022
7,83932,6966,32746,862
Additions
5,900--5,900
At 30 November 2023
13,73932,6966,32752,762
Depreciation
At 1 December 2022
7,08526,6964,41738,198
Charge for the year
6651,5003822,547
At 30 November 2023
7,75028,1964,79940,745
Net book values
At 30 November 2023
5,9894,5001,52812,017
At 30 November 2022
754
6,000
1,910
8,664
5
Stocks
2023
2022
£
£
Raw materials and consumables
-500
-500
6
Debtors
2023
2022
£
£
Trade debtors
70,769509
Prepayments and accrued income
2,3213,186
73,0903,695
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
28,33338,333
Trade creditors
10,9736,272
Taxes and social security
27,654
32,377
Loans from directors
7,12618,685
Accruals and deferred income
2,8832,553
76,96998,220
8
Share Capital
One ordinary share of £1.00 each fully paid
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
-
30,000
-
30,000
Dividends by type:
Equity dividends
-30,000
-
30,000
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