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REGISTERED NUMBER: SC531924 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Civil and Structural Engineering
Shetland Limited

Civil and Structural Engineering
Shetland Limited (Registered number: SC531924)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Civil and Structural Engineering
Shetland Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: E J Adamson
B Halcrow
A J Tait





REGISTERED OFFICE: Units E & F
4 Market Street
Lerwick
Shetland
ZE1 0JN





REGISTERED NUMBER: SC531924 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

Civil and Structural Engineering
Shetland Limited (Registered number: SC531924)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 68,609 47,783
68,609 47,783

CURRENT ASSETS
Stocks 19,297 4,628
Debtors 6 354,035 70,108
Cash at bank and in hand 26,169 34,056
399,501 108,792
CREDITORS
Amounts falling due within one year 7 244,431 71,696
NET CURRENT ASSETS 155,070 37,096
TOTAL ASSETS LESS CURRENT LIABILITIES 223,679 84,879

PROVISIONS FOR LIABILITIES - 3,702
NET ASSETS 223,679 81,177

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 223,579 81,077
223,679 81,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Civil and Structural Engineering
Shetland Limited (Registered number: SC531924)

Balance Sheet - continued
30 April 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 29 November 2024 and were signed on its behalf by:




E J Adamson - Director A J Tait - Director




B Halcrow - Director


Civil and Structural Engineering
Shetland Limited (Registered number: SC531924)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Civil and Structural Engineering Shetland 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Civil and Structural Engineering
Shetland Limited (Registered number: SC531924)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 45,000
AMORTISATION
At 1 May 2023
and 30 April 2024 45,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Civil and Structural Engineering
Shetland Limited (Registered number: SC531924)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 24,853 1,625 2,832
Additions - - 1,116
Disposals - - -
At 30 April 2024 24,853 1,625 3,948
DEPRECIATION
At 1 May 2023 - 1,110 2,012
Charge for year - 325 331
Eliminated on disposal - - -
At 30 April 2024 - 1,435 2,343
NET BOOK VALUE
At 30 April 2024 24,853 190 1,605
At 30 April 2023 24,853 515 820

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 32,542 36,913 98,765
Additions 35,527 2,619 39,262
Disposals - (1,374 ) (1,374 )
At 30 April 2024 68,069 38,158 136,653
DEPRECIATION
At 1 May 2023 20,157 27,703 50,982
Charge for year 10,681 6,594 17,931
Eliminated on disposal - (869 ) (869 )
At 30 April 2024 30,838 33,428 68,044
NET BOOK VALUE
At 30 April 2024 37,231 4,730 68,609
At 30 April 2023 12,385 9,210 47,783

Civil and Structural Engineering
Shetland Limited (Registered number: SC531924)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 157,191 65,437
Other debtors 196,844 4,671
354,035 70,108

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 15,978 3,738
Taxation and social security 39,736 18,452
Other creditors 188,717 49,506
244,431 71,696

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 "The financial reporting standard applicable in the UK and Ireland", not to disclose related party transactions whereby they have occurred under normal market conditions.