IRIS Accounts Production v24.3.2.46 SC745711 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7457112023-09-30SC7457112024-09-30SC7457112023-10-012024-09-30SC7457112022-09-27SC7457112022-09-282023-09-30SC7457112023-09-30SC745711ns15:Scotland2023-10-012024-09-30SC745711ns14:PoundSterling2023-10-012024-09-30SC745711ns10:Director12023-10-012024-09-30SC745711ns10:Director22023-10-012024-09-30SC745711ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30SC745711ns10:SmallEntities2023-10-012024-09-30SC745711ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30SC745711ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-30SC745711ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC745711ns10:FullAccounts2023-10-012024-09-30SC745711ns10:Director32023-10-012024-09-30SC745711ns10:Director42023-10-012024-09-30SC745711ns10:RegisteredOffice2023-10-012024-09-30SC745711ns5:CurrentFinancialInstruments2024-09-30SC745711ns5:CurrentFinancialInstruments2023-09-30SC745711ns5:Non-currentFinancialInstruments2024-09-30SC745711ns5:Non-currentFinancialInstruments2023-09-30SC745711ns5:ShareCapital2024-09-30SC745711ns5:ShareCapital2023-09-30SC745711ns5:RetainedEarningsAccumulatedLosses2024-09-30SC745711ns5:RetainedEarningsAccumulatedLosses2023-09-30SC745711ns5:PlantMachinery2023-10-012024-09-30SC745711ns5:MotorVehicles2023-10-012024-09-30SC745711ns5:ComputerEquipment2023-10-012024-09-30SC745711ns5:PlantMachinery2023-09-30SC745711ns5:MotorVehicles2023-09-30SC745711ns5:ComputerEquipment2023-09-30SC745711ns5:PlantMachinery2024-09-30SC745711ns5:MotorVehicles2024-09-30SC745711ns5:ComputerEquipment2024-09-30SC745711ns5:PlantMachinery2023-09-30SC745711ns5:MotorVehicles2023-09-30SC745711ns5:ComputerEquipment2023-09-30SC745711ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30SC745711ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30SC74571112023-10-012024-09-30
REGISTERED NUMBER: SC745711 (Scotland)











































Cheviot Construction (Borders) Ltd

Unaudited Financial Statements

for the year ended

30th September 2024






Cheviot Construction (Borders) Ltd (Registered number: SC745711)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Cheviot Construction (Borders) Ltd

Company Information
for the year ended 30th September 2024







Directors: S Thackeray
R S Newton
Mrs D L Thackeray
Mrs J Newton





Registered office: 94 Abbotseat
Kelso
Roxburghshire
TD5 7LP





Registered number: SC745711 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Cheviot Construction (Borders) Ltd (Registered number: SC745711)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 72,240 42,111

Current assets
Stocks - 11,529
Debtors 5 14,483 48,349
Cash at bank 80,849 37,145
95,332 97,023
Creditors
Amounts falling due within one year 6 64,766 45,355
Net current assets 30,566 51,668
Total assets less current liabilities 102,806 93,779

Creditors
Amounts falling due after more than one
year

7

(10,656

)

-

Provisions for liabilities (18,060 ) (10,528 )
Net assets 74,090 83,251

Capital and reserves
Called up share capital 100 100
Retained earnings 73,990 83,151
74,090 83,251

Cheviot Construction (Borders) Ltd (Registered number: SC745711)

Balance Sheet - continued
30th September 2024


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

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

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th January 2025 and were signed on its behalf by:




R S Newton - Director



S Thackeray - Director


Cheviot Construction (Borders) Ltd (Registered number: SC745711)

Notes to the Financial Statements
for the year ended 30th September 2024

1. Statutory information

Cheviot Construction (Borders) 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

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.
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchases and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors, hire purchases and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Cheviot Construction (Borders) Ltd (Registered number: SC745711)

Notes to the Financial Statements - continued
for the year ended 30th September 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 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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

Cheviot Construction (Borders) Ltd (Registered number: SC745711)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

4. Tangible fixed assets
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1st October 2023 5,083 34,883 2,469 42,435
Additions 11,000 35,295 650 46,945
At 30th September 2024 16,083 70,178 3,119 89,380
Depreciation
At 1st October 2023 254 - 70 324
Charge for year 2,381 14,017 418 16,816
At 30th September 2024 2,635 14,017 488 17,140
Net book value
At 30th September 2024 13,448 56,161 2,631 72,240
At 30th September 2023 4,829 34,883 2,399 42,111

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 8,764 39,381
Other debtors 5,719 8,968
14,483 48,349

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 5,704 -
Trade creditors 2,626 -
Taxation and social security 25,797 38,285
Other creditors 30,639 7,070
64,766 45,355

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 10,656 -

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 16,360 -

Hire purchase contracts are secured against the assets to which they relate.

Cheviot Construction (Borders) Ltd (Registered number: SC745711)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

9. Post balance sheet events

On 10 January 2025, an interim dividend for the year ending 31 September 2025 of £1108 per share has been declared.