IRIS Accounts Production v24.3.0.553 SC344471 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3444712023-03-31SC3444712024-03-31SC3444712023-04-012024-03-31SC3444712022-03-31SC3444712022-04-012023-03-31SC3444712023-03-31SC344471ns15:Scotland2023-04-012024-03-31SC344471ns14:PoundSterling2023-04-012024-03-31SC344471ns10:Director12023-04-012024-03-31SC344471ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC344471ns10:SmallEntities2023-04-012024-03-31SC344471ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC344471ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC344471ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC344471ns10:FullAccounts2023-04-012024-03-31SC344471ns10:Director22023-04-012024-03-31SC344471ns10:Director32023-04-012024-03-31SC344471ns10:CompanySecretary12023-04-012024-03-31SC344471ns10:RegisteredOffice2023-04-012024-03-31SC344471ns5:CurrentFinancialInstruments2024-03-31SC344471ns5:CurrentFinancialInstruments2023-03-31SC344471ns5:ShareCapital2024-03-31SC344471ns5:ShareCapital2023-03-31SC344471ns5:RetainedEarningsAccumulatedLosses2024-03-31SC344471ns5:RetainedEarningsAccumulatedLosses2023-03-31SC344471ns5:LandBuildings2023-03-31SC344471ns5:PlantMachinery2023-03-31SC344471ns5:FurnitureFittings2023-03-31SC344471ns5:MotorVehicles2023-03-31SC344471ns5:LandBuildings2023-04-012024-03-31SC344471ns5:PlantMachinery2023-04-012024-03-31SC344471ns5:FurnitureFittings2023-04-012024-03-31SC344471ns5:MotorVehicles2023-04-012024-03-31SC344471ns5:LandBuildings2024-03-31SC344471ns5:PlantMachinery2024-03-31SC344471ns5:FurnitureFittings2024-03-31SC344471ns5:MotorVehicles2024-03-31SC344471ns5:LandBuildings2023-03-31SC344471ns5:PlantMachinery2023-03-31SC344471ns5:FurnitureFittings2023-03-31SC344471ns5:MotorVehicles2023-03-31SC344471ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC344471ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC344471ns5:DeferredTaxation2023-03-31SC344471ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: SC344471 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

Contec Design Services Ltd

Contec Design Services Ltd (Registered number: SC344471)






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


Contec Design Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K Miller
R Sutherland
K Campbell





SECRETARY: K Miller





REGISTERED OFFICE: Tor Ness House
Thurso Enterprise Park
THURSO
Caithnss
KW14 7XW





REGISTERED NUMBER: SC344471 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

Contec Design Services Ltd (Registered number: SC344471)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 351,200 365,747

CURRENT ASSETS
Debtors 5 235,724 109,802
Cash at bank 226,524 144,640
462,248 254,442
CREDITORS
Amounts falling due within one year 6 (479,365 ) (319,835 )
NET CURRENT LIABILITIES (17,117 ) (65,393 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,083

300,354

PROVISIONS FOR LIABILITIES 7 (15,469 ) (15,599 )

ACCRUALS AND DEFERRED INCOME 8 (9,879 ) (12,349 )
NET ASSETS 308,735 272,406

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 308,636 272,307
SHAREHOLDERS' FUNDS 308,735 272,406

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 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.

Contec Design Services Ltd (Registered number: SC344471)

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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





K Miller - Director


Contec Design Services Ltd (Registered number: SC344471)

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

1. STATUTORY INFORMATION

Contec Design Services 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
All assets are initially recorded at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery20% reducing balance
Motor vehicles25% reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Contec Design Services Ltd (Registered number: SC344471)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 291,545 18,165 47,481 81,539 438,730
Additions - 6,479 - - 6,479
Disposals - (5,701 ) - (15,946 ) (21,647 )
At 31 March 2024 291,545 18,943 47,481 65,593 423,562
DEPRECIATION
At 1 April 2023 - 7,440 26,171 39,372 72,983
Charge for year - 3,043 4,260 10,143 17,446
Eliminated on disposal - (3,717 ) - (14,350 ) (18,067 )
At 31 March 2024 - 6,766 30,431 35,165 72,362
NET BOOK VALUE
At 31 March 2024 291,545 12,177 17,050 30,428 351,200
At 31 March 2023 291,545 10,725 21,310 42,167 365,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,854 88,028
Other debtors 69,870 21,774
235,724 109,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 452,444 300,223
Taxation and social security 17,586 16,729
Other creditors 9,335 2,883
479,365 319,835

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,469 15,599

Deferred
tax
£   
Balance at 1 April 2023 15,599
Decrease in provision (130 )
Balance at 31 March 2024 15,469

Contec Design Services Ltd (Registered number: SC344471)

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

8. ACCRUALS AND DEFERRED INCOME
2024 2023
£    £   
Deferred government grants 9,879 12,349