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REGISTERED NUMBER: SC409613 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

UBCivils Ltd

UBCivils Ltd (Registered number: SC409613)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UBCivils Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Colin Peteranna
Iain Peteranna





SECRETARY: Colin Peteranna





REGISTERED OFFICE: 38 Longman Drive
Inverness
IV1 3SU





REGISTERED NUMBER: SC409613 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

UBCivils Ltd (Registered number: SC409613)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,010,707 1,969,835
Investments 5 100 100
2,010,807 1,969,935

CURRENT ASSETS
Debtors 6 2,583,638 2,179,217
Cash at bank and in hand 2,137,749 1,609,517
4,721,387 3,788,734
CREDITORS
Amounts falling due within one year 7 1,721,995 1,039,912
NET CURRENT ASSETS 2,999,392 2,748,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,010,199

4,718,757

CREDITORS
Amounts falling due after more than one
year

8

(479,208

)

(553,159

)

PROVISIONS FOR LIABILITIES 9 (497,072 ) (486,496 )
NET ASSETS 4,033,919 3,679,102

UBCivils Ltd (Registered number: SC409613)

Balance Sheet - continued
30 September 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 70 100
Capital redemption reserve 30 -
Retained earnings 4,033,819 3,679,002
SHAREHOLDERS' FUNDS 4,033,919 3,679,102

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





Colin Peteranna - Director


UBCivils Ltd (Registered number: SC409613)

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

1. STATUTORY INFORMATION

UBCivils 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activities of the company in the year under review were those of civil engineering work and plant hire.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


UBCivils Ltd (Registered number: SC409613)

Notes to the Financial Statements - continued
for the Year Ended 30 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 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 contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 18 ) .

UBCivils Ltd (Registered number: SC409613)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 3,334,727 102,327 3,437,054
Additions 409,328 - 409,328
Disposals (24,062 ) (26,032 ) (50,094 )
At 30 September 2024 3,719,993 76,295 3,796,288
DEPRECIATION
At 1 October 2023 1,384,599 82,620 1,467,219
Charge for year 352,634 3,790 356,424
Eliminated on disposal (15,504 ) (22,558 ) (38,062 )
At 30 September 2024 1,721,729 63,852 1,785,581
NET BOOK VALUE
At 30 September 2024 1,998,264 12,443 2,010,707
At 30 September 2023 1,950,128 19,707 1,969,835

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 October 2023 1,960,903 21,000 1,981,903
Additions 396,282 - 396,282
At 30 September 2024 2,357,185 21,000 2,378,185
DEPRECIATION
At 1 October 2023 511,490 14,167 525,657
Charge for year 270,806 - 270,806
Transfer to ownership (14,168 ) - (14,168 )
At 30 September 2024 768,128 14,167 782,295
NET BOOK VALUE
At 30 September 2024 1,589,057 6,833 1,595,890
At 30 September 2023 1,449,413 6,833 1,456,246

UBCivils Ltd (Registered number: SC409613)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,086,284 1,992,077
Other debtors 497,354 187,140
2,583,638 2,179,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 523,771 566,131
Trade creditors 746,982 262,921
Taxation and social security 250,563 7,333
Other creditors 200,679 203,527
1,721,995 1,039,912

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 479,208 553,159

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 497,072 486,496

UBCivils Ltd (Registered number: SC409613)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 486,496
Provided during year 10,576
Balance at 30 September 2024 497,072

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary £1 70 100