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REGISTERED NUMBER: SC161799 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED

CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED (REGISTERED NUMBER: SC161799)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTOR: G R Blair





SECRETARY: As Company Services Limited





REGISTERED OFFICE: C/o Anderson Strathern LLP
58 Morrison Street
Edinburgh
EH3 8BP





REGISTERED NUMBER: SC161799 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED (REGISTERED NUMBER: SC161799)

BALANCE SHEET
29 February 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,560 36,720
Tangible assets 5 52,968 38,742
Investments 6 4,800 4,800
86,328 80,262

CURRENT ASSETS
Stocks 30,000 40,000
Debtors 7 428,309 558,689
Cash at bank and in hand 208,752 495,514
667,061 1,094,203
CREDITORS
Amounts falling due within one year 8 318,918 692,988
NET CURRENT ASSETS 348,143 401,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

434,471

481,477

CREDITORS
Amounts falling due after more than one
year

9

26,428

58,021
NET ASSETS 408,043 423,456

CAPITAL AND RESERVES
Called up share capital 2,520 2,520
Share premium 58,680 58,680
Capital redemption reserve 7,680 7,680
Retained earnings 339,163 354,576
408,043 423,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED (REGISTERED NUMBER: SC161799)

BALANCE SHEET - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





G R Blair - Director


CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED (REGISTERED NUMBER: SC161799)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Campbell & Smith Construction Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Campbell & Smith Construction Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER
Turnover represents the net value of invoiced work done, excluding value added tax, relating to the provision of building contractor services.

Turnover is recognised on unbilled amounts recoverable from clients at the balance sheet date by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts where the right to receive payment is contingent on factors outside the control of the firm.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% per annum reducing balance
Motor vehicles - 25% per annum reducing balance
Computer equipment - 25% per annum reducing balance

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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

CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED (REGISTERED NUMBER: SC161799)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED (REGISTERED NUMBER: SC161799)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

PROVISIONS
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 March 2023
and 29 February 2024 40,800
AMORTISATION
At 1 March 2023 4,080
Amortisation for year 8,160
At 29 February 2024 12,240
NET BOOK VALUE
At 29 February 2024 28,560
At 28 February 2023 36,720

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 138,905 119,729 20,200 278,834
Additions 4,093 22,262 762 27,117
Disposals - (19,513 ) - (19,513 )
At 29 February 2024 142,998 122,478 20,962 286,438
DEPRECIATION
At 1 March 2023 137,485 83,410 19,197 240,092
Charge for year 1,060 8,872 357 10,289
Eliminated on disposal - (16,911 ) - (16,911 )
At 29 February 2024 138,545 75,371 19,554 233,470
NET BOOK VALUE
At 29 February 2024 4,453 47,107 1,408 52,968
At 28 February 2023 1,420 36,319 1,003 38,742

CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED (REGISTERED NUMBER: SC161799)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 24,156
PROVISIONS
At 1 March 2023
and 29 February 2024 19,356
NET BOOK VALUE
At 29 February 2024 4,800
At 28 February 2023 4,800

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 287,663 449,369
Amounts recoverable on contract 132,811 102,791
Other debtors 7,835 6,529
428,309 558,689

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 62,541 43,333
Hire purchase contracts 5,524 -
Trade creditors 163,194 386,393
Taxation and social security 38,421 183,397
Other creditors 49,238 79,865
318,918 692,988

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans 14,821 58,021
Hire purchase contracts 11,607 -
26,428 58,021

CAMPBELL & SMITH CONSTRUCTION GROUP
LIMITED (REGISTERED NUMBER: SC161799)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

10. DEFERRED TAX
£   
Credit to Statement of Income and Retained Earnings during year (357 )
Balance at 29 February 2024 (357 )

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.