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REGISTERED NUMBER: SC071132 (Scotland)















Financial Statements for the Year Ended 30 June 2024

for

Green & Cameron Limited

Green & Cameron Limited (Registered number: SC071132)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Green & Cameron Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr D Cowe



REGISTERED OFFICE: Broadsea House
John O'Groats
Wick
Caithness
KW1 4YR



REGISTERED NUMBER: SC071132 (Scotland)



ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ



BANKERS: Virgin Money
15 Academy Street
Inverness
1V1 1JN



SOLICITORS: BBM Solicitors
Unit 5B
Wick Business Park
Wick
Caithness
KW1 4QR

Green & Cameron Limited (Registered number: SC071132)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 123,064 80,946

CURRENT ASSETS
Stocks 55,097 9,274
Debtors 5 33,121 118,041
Cash at bank 51,403 53,288
139,621 180,603
CREDITORS
Amounts falling due within one year 6 (226,851 ) (272,943 )
NET CURRENT LIABILITIES (87,230 ) (92,340 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,834

(11,394

)

CREDITORS
Amounts falling due after more than one
year

7

(41,345

)

(36,662

)

PROVISIONS FOR LIABILITIES (10,396 ) (10,396 )
NET LIABILITIES (15,907 ) (58,452 )

CAPITAL AND RESERVES
Called up share capital 18,000 18,000
Retained earnings (33,907 ) (76,452 )
SHAREHOLDERS' FUNDS (15,907 ) (58,452 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Green & Cameron Limited (Registered number: SC071132)

Balance Sheet - continued
30 June 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 director and authorised for issue on 26 November 2024 and were signed by:





Mr D Cowe - Director


Green & Cameron Limited (Registered number: SC071132)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Green & Cameron Limited 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 net invoiced sales of building materials together with income derived from residential and commercial building works, excluding value added tax. Turnover from building works is recognised in accordance with the company's accounting policy on long term contracts.

FIXED ASSETS AND DEPRECIATION
Tangible fixed assets are initially recorded at cost. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery10% straight line
Motor vehicles25% reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable 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.

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.

Green & Cameron Limited (Registered number: SC071132)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contibution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


CONTRACT ACCOUNTING
When the outcome of building works can be estimated reliably, revenue and costs are recognised by reference to the degree of completion of each contract. When the outcome cannot be estimated reliably, revenue is recognised to the extent of costs incurred where it is probable those costs will be recoverable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 119,356 82,895 202,251
Additions 73,522 - 73,522
Disposals (27,540 ) - (27,540 )
At 30 June 2024 165,338 82,895 248,233
DEPRECIATION
At 1 July 2023 78,428 42,877 121,305
Charge for year 11,798 10,006 21,804
Eliminated on disposal (17,940 ) - (17,940 )
At 30 June 2024 72,286 52,883 125,169
NET BOOK VALUE
At 30 June 2024 93,052 30,012 123,064
At 30 June 2023 40,928 40,018 80,946

Green & Cameron Limited (Registered number: SC071132)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 - 42,695 42,695
Additions 52,897 - 52,897
At 30 June 2024 52,897 42,695 95,592
DEPRECIATION
At 1 July 2023 - 19,839 19,839
Charge for year 5,290 5,714 11,004
At 30 June 2024 5,290 25,553 30,843
NET BOOK VALUE
At 30 June 2024 47,607 17,142 64,749
At 30 June 2023 - 22,856 22,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,785 97,924
Other debtors 4,336 20,117
33,121 118,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,633 45,563
Hire purchase contracts 16,067 8,876
Trade creditors 63,547 144,038
Other creditors 110,604 74,466
226,851 272,943

Other creditors include £7,191 (2023 - £4,044) in respect of taxation and social security.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 20,000
Hire purchase contracts 31,345 16,662
41,345 36,662