CLELAND JOINERS AND BUILDERS LIMITED

Company Registration Number:
SC500108 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

CLELAND JOINERS AND BUILDERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

CLELAND JOINERS AND BUILDERS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 15,000 15,000
Tangible assets: 4 175,667 170,629
Total fixed assets: 190,667 185,629
Current assets
Stocks: 0 0
Debtors:   805,113 153,434
Cash at bank and in hand: 114,758 192,566
Total current assets: 919,871 346,000
Creditors: amounts falling due within one year:   (1,014,207) (390,512)
Net current assets (liabilities): (94,336) (44,512)
Total assets less current liabilities: 96,331 141,117
Creditors: amounts falling due after more than one year: 5 (86,258) (119,187)
Total net assets (liabilities): 10,073 21,930
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 9,973 21,830
Shareholders funds: 10,073 21,930

The notes form part of these financial statements

CLELAND JOINERS AND BUILDERS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 December 2024
and signed on behalf of the board by:

Name: Laura O'Brien
Status: Director

The notes form part of these financial statements

CLELAND JOINERS AND BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Plant and machinery 25% reducing balance Office equipment 25% reducing balance Fixtures and fittings 25% reducing balance Motor vehicles 25% reducing balance

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount.

Other accounting policies

CURRENT TAX Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Hire Purchase and leasing commitments Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. The interest element of these obligations is charged to profit or less over the relevant period. The capital element of the future payments is treated as a liability. Pension costs 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.

CLELAND JOINERS AND BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 16 16

CLELAND JOINERS AND BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 15,000
Additions 0
Disposals 0
At 31 March 2024 15,000
Net book value
At 31 March 2024 15,000
At 31 March 2023 15,000

CLELAND JOINERS AND BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 282,475
Additions 59,425
Disposals (3,000)
At 31 March 2024 338,900
Depreciation
At 01 April 2023 111,846
Charge for year 51,387
At 31 March 2024 163,233
Net book value
At 31 March 2024 175,667
At 31 March 2023 170,629

CLELAND JOINERS AND BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

Bank Loan £35,000 Hire Purchase £51,258