Company Registration No. SC560287 (Scotland)
Fieldhead Contracts Ltd
Unaudited accounts
for the year ended 31 March 2024
Fieldhead Contracts Ltd
Unaudited accounts
Contents
Fieldhead Contracts Ltd
Company Information
for the year ended 31 March 2024
Company Number
SC560287 (Scotland)
Registered Office
128 Main Street
Neilston
Glasgow
G78 3JU
Accountants
The Accounting Crew Scotland Limited
Certified Public Accountants
8 Benview Road
Glasgow
G76 7PP
Fieldhead Contracts Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
3,318
3,709
Cash at bank and in hand
45,188
51,287
Creditors: amounts falling due within one year
(7,391)
(10,779)
Net current assets
37,797
40,508
Called up share capital
100
100
Profit and loss account
41,015
44,117
Shareholders' funds
41,115
44,217
For the year ending 31 March 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2024 and were signed on its behalf by
K Deeney
Director
Company Registration No. SC560287
Fieldhead Contracts Ltd
Notes to the Accounts
for the year ended 31 March 2024
Fieldhead Contracts Ltd is a private company, limited by shares, registered in Scotland, registration number SC560287. The registered office is 128 Main Street, Neilston, Glasgow, G78 3JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
600
12,248
1,870
-
14,718
At 31 March 2024
600
12,248
1,870
583
15,301
At 1 April 2023
442
9,341
1,226
-
11,009
Charge for the year
31
727
129
87
974
At 31 March 2024
473
10,068
1,355
87
11,983
At 31 March 2024
127
2,180
515
496
3,318
At 31 March 2023
158
2,907
644
-
3,709
Fieldhead Contracts Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,400
9,800
Loans from directors
491
79
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).