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REGISTERED NUMBER: SC539868 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

ADVANCED INTERIOR CONTRACTS LTD

ADVANCED INTERIOR CONTRACTS LTD (REGISTERED NUMBER: SC539868)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADVANCED INTERIOR CONTRACTS LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S Cattanach
F J Cattanach
D Cattanach





REGISTERED OFFICE: Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
G2 6HJ





REGISTERED NUMBER: SC539868 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

ADVANCED INTERIOR CONTRACTS LTD (REGISTERED NUMBER: SC539868)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,549,600 5,549,600

CURRENT ASSETS
Debtors 1,090 862
Cash at bank 52,420 1,637
53,510 2,499
CREDITORS
Amounts falling due within one year 1,748,686 3,501,128
NET CURRENT LIABILITIES (1,695,176 ) (3,498,629 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,854,424 2,050,971

CREDITORS
Amounts falling due after more than one
year

1,500,000

2,000,000
NET ASSETS 2,354,424 50,971

CAPITAL AND RESERVES
Called up share capital 93 93
Retained earnings 2,354,331 50,878
SHAREHOLDERS' FUNDS 2,354,424 50,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ADVANCED INTERIOR CONTRACTS LTD (REGISTERED NUMBER: SC539868)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 February 2025 and were signed on its behalf by:




F J Cattanach - Director



S Cattanach - Director


ADVANCED INTERIOR CONTRACTS LTD (REGISTERED NUMBER: SC539868)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Advanced Interior Contracts 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.

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2023
and 31 May 2024 5,549,600
NET BOOK VALUE
At 31 May 2024 5,549,600
At 31 May 2023 5,549,600

The investments relate to shares in the subsidiary undertaking Advanced Building Contractors Ltd.

ADVANCED INTERIOR CONTRACTS LTD (REGISTERED NUMBER: SC539868)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 May 2024 and the period ended 31 May 2023:

31.5.24 31.5.23
£    £   
S Cattanach
Balance outstanding at start of year 1 1
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1 1

D Cattanach
Balance outstanding at start of year 1 1
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1 1

No interest has been charged on the outstanding loan.

6. RELATED PARTY DISCLOSURES

During the year the company had intercompany transactions with Advanced Building Contractors, a
company wholly owed by Advanced Interior Contracts Ltd. At the year-end £2,075,894 (2023: £2,016,815)
was outstanding.

No group accounts have been prepared.