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Company Registration No. SC502532 (Scotland)
Cairney Construction Limited Unaudited accounts for the year ended 30 April 2024
Cairney Construction Limited Unaudited accounts Contents
Page
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Cairney Construction Limited Company Information for the year ended 30 April 2024
Director
Paul Cairney
Company Number
SC502532 (Scotland)
Registered Office
15 The Moorings Paisley Renfrewshire PA2 9BD Scotland
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Cairney Construction Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,250 
36,250 
Tangible assets
21,322 
28,138 
42,572 
64,388 
Current assets
Inventories
126,799 
117,693 
Debtors
464 
- 
Cash at bank and in hand
22,718 
55,826 
149,981 
173,519 
Creditors: amounts falling due within one year
(146,005)
(172,512)
Net current assets
3,976 
1,007 
Total assets less current liabilities
46,548 
65,395 
Creditors: amounts falling due after more than one year
(10,833)
(20,833)
Provisions for liabilities
Deferred tax
(4,051)
(5,346)
Net assets
31,664 
39,216 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,564 
39,116 
Shareholders' funds
31,664 
39,216 
For the year ending 30 April 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 25 January 2025 and were signed on its behalf by
Paul Cairney Director Company Registration No. SC502532
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Cairney Construction Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Cairney Construction Limited is a private company, limited by shares, registered in Scotland, registration number SC502532. The registered office is 15, The Moorings, Paisley, Renfrewshire, PA2 9BD, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the provisions of FRS 102, the Financial Reporting Standard applicable in the UK and Northern Ireland applicable to small entities. The director has considered the impact of Covid - 19 and concluded that the entity is a going concern and assets are carried at fair value.
Presentation currency
The accounts are presented in £ sterling.
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 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
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is being amortised in equal annual amounts over its considered economic life of 10 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Cairney Construction Limited Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
150,000 
At 30 April 2024
150,000 
Amortisation
At 1 May 2023
113,750 
Charge for the year
15,000 
At 30 April 2024
128,750 
Net book value
At 30 April 2024
21,250 
At 30 April 2023
36,250 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
3,425 
51,712 
1,295 
56,432 
At 30 April 2024
3,425 
51,712 
1,295 
56,432 
Depreciation
At 1 May 2023
1,390 
25,874 
1,030 
28,294 
Charge for the year
305 
6,458 
53 
6,816 
At 30 April 2024
1,695 
32,332 
1,083 
35,110 
Net book value
At 30 April 2024
1,730 
19,380 
212 
21,322 
At 30 April 2023
2,035 
25,838 
265 
28,138 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
464 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
39,286 
17,853 
Obligations under finance leases and hire purchase contracts
- 
1,588 
Trade creditors
29,890 
65,434 
Taxes and social security
23,424 
35,913 
Other creditors
42,746 
40,114 
Loans from directors
659 
1,610 
146,005 
172,512 
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Cairney Construction Limited Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,833 
20,833 
9
Average number of employees
During the year the average number of employees was 8 (2023: 7).
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