1 April 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC3758852023-04-012024-03-31SC3758852024-03-31SC3758852023-03-31SC375885core:WithinOneYear2024-03-31SC375885core:WithinOneYear2023-03-31SC375885core:ShareCapital2024-03-31SC375885core:ShareCapital2023-03-31SC375885core:RetainedEarningsAccumulatedLosses2024-03-31SC375885core:RetainedEarningsAccumulatedLosses2023-03-31SC375885bus:Director12023-04-012024-03-31SC375885bus:RegisteredOffice2023-04-012024-03-31SC3758852022-04-012023-03-31SC375885core:PlantMachinery2024-03-31SC375885core:CostValuation2023-04-01SC375885core:RevaluationsIncreaseDecreaseInInvestments2024-03-31SC375885core:CostValuation2024-03-31SC37588512023-04-012024-03-31SC375885countries:Scotland2023-04-012024-03-31SC375885bus:AuditExemptWithAccountantsReport2023-04-012024-03-31SC375885bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC375885bus:SmallEntities2023-04-012024-03-31SC375885bus:FullAccounts2023-04-012024-03-31
Company registration number:
SC375885
Conservation Restoration Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Conservation Restoration Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Conservation Restoration Limited
Year ended
31 March 2024
As described on the statement of financial position, the Board of Directors of
Conservation Restoration Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Horizon Chartered Accountants
20-23 Woodside Place
Glasgow
G3 7QL
United Kingdom
Date:
14 March 2025
Conservation Restoration Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Investments 6
25,777
 
22,280
 
Current assets    
Debtors 7
22,372
 
(5,092
)
Cash at bank and in hand
155,124
 
187,395
 
177,496
 
182,303
 
Creditors: amounts falling due within one year 8
(166,099
)
(167,754
)
Net current assets
11,397
 
14,549
 
Total assets less current liabilities 37,174   36,829  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
37,074
 
36,729
 
Shareholders funds
37,174
 
36,829
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
14 March 2025
, and are signed on behalf of the board by:
Andrew Watson
Director
Company registration number:
SC375885
Conservation Restoration Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
20-23 Woodside Place
,
Glasgow
,
G3 7QL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
and
31 March 2024
27,384
 
Depreciation  
At
1 April 2023
and
31 March 2024
27,384
 
Carrying amount  
At
31 March 2024
-  
At 31 March 2023 -  

6 Investments

Other investments other than loans
£
Cost or valuation  
At
1 April 2023
22,280
 
Revaluations
3,497
 
At
31 March 2024
25,777
 
Impairment  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
25,777
 
At 31 March 2023
22,280
 

7 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
14,889
 
(7,125
)
Other debtors
7,483
 
2,033
 
22,372
 
(5,092
)

8 Creditors: amounts falling due within one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
160,000
 
160,000
 
Other creditors
6,099
 
7,754
 
166,099
 
167,754