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REGISTERED NUMBER: SC298329 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

P & C HAMILTON LTD

P & C HAMILTON LTD (REGISTERED NUMBER: SC298329)

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


P & C HAMILTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P Hamilton
C Hamilton





SECRETARY: P Hamilton





REGISTERED OFFICE: Ladywell Avenue
Grangestone Industrial Estate
Girvan
Ayrshire
KA26 9PF





REGISTERED NUMBER: SC298329 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
16 Hamilton Street
Girvan
Ayrshire
KA26 9EY

P & C HAMILTON LTD (REGISTERED NUMBER: SC298329)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 650,906 631,459
650,906 631,459

CURRENT ASSETS
Stocks 77,800 77,800
Debtors 6 385,976 378,093
Cash at bank and in hand 106,708 59,992
570,484 515,885
CREDITORS
Amounts falling due within one year 7 682,702 625,889
NET CURRENT LIABILITIES (112,218 ) (110,004 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,688

521,455

CREDITORS
Amounts falling due after more than one
year

8

(169,757

)

(161,496

)

PROVISIONS FOR LIABILITIES (159,809 ) (117,476 )
NET ASSETS 209,122 242,483

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 9,122 42,483
SHAREHOLDERS' FUNDS 209,122 242,483

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.

P & C HAMILTON LTD (REGISTERED NUMBER: SC298329)

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 31 January 2025 and were signed on its behalf by:




P Hamilton - Director



C Hamilton - Director


P & C HAMILTON LTD (REGISTERED NUMBER: SC298329)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

P & C Hamilton Ltd 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 2013, is being amortised evenly over its estimated useful life of ten 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 25% on reducing balance

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

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.

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


P & C HAMILTON LTD (REGISTERED NUMBER: SC298329)

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
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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 80,000
AMORTISATION
At 1 May 2023
and 30 April 2024 80,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

P & C HAMILTON LTD (REGISTERED NUMBER: SC298329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 52,289 1,197 816,464 25,971 895,921
Additions - - 192,500 - 192,500
Disposals - - (96,750 ) - (96,750 )
At 30 April 2024 52,289 1,197 912,214 25,971 991,671
DEPRECIATION
At 1 May 2023 21,756 938 222,773 18,995 264,462
Charge for year 7,533 33 156,817 192 164,575
Eliminated on disposal - - (88,272 ) - (88,272 )
At 30 April 2024 29,289 971 291,318 19,187 340,765
NET BOOK VALUE
At 30 April 2024 23,000 226 620,896 6,784 650,906
At 30 April 2023 30,533 259 593,691 6,976 631,459

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 824,827
Additions 181,000
At 30 April 2024 1,005,827
DEPRECIATION
At 1 May 2023 434,394
Charge for year 81,310
At 30 April 2024 515,704
NET BOOK VALUE
At 30 April 2024 490,123
At 30 April 2023 390,433

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 321,414 321,337
Other debtors 64,562 56,756
385,976 378,093

P & C HAMILTON LTD (REGISTERED NUMBER: SC298329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 261,079 216,747
Hire purchase contracts 143,492 132,935
Trade creditors 201,173 204,355
Taxation and social security 39,958 42,408
Other creditors 37,000 29,444
682,702 625,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 169,757 161,496

9. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank overdrafts 240,246 185,914
Bank loans 20,833 30,833
261,079 216,747

Bank overdrafts are secured by a floating charge over all the company assets.

10. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.