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REGISTERED NUMBER: SC343778 (Scotland)













Financial Statements

for the Year Ended 30 June 2024

for

Contract Building Services
(Scotland) Ltd

Contract Building Services
(Scotland) Ltd (Registered number: SC343778)






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


Contract Building Services
(Scotland) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G J Taylor
G M Taylor





SECRETARY: A I Armstrong





REGISTERED OFFICE: 48 Queen Elizabeth Avenue
Hillington Park
Glasgow
G52 4NQ





REGISTERED NUMBER: SC343778 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Contract Building Services
(Scotland) Ltd (Registered number: SC343778)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,333 100,895

CURRENT ASSETS
Stocks 130,171 152,513
Debtors 5 1,132,788 1,207,535
Cash at bank and in hand 116,842 465,254
1,379,801 1,825,302
CREDITORS
Amounts falling due within one year 6 477,538 943,968
NET CURRENT ASSETS 902,263 881,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,596

982,229

CREDITORS
Amounts falling due after more than one year 7 (5,986 ) (29,082 )

PROVISIONS FOR LIABILITIES (19,504 ) (25,393 )
NET ASSETS 951,106 927,754

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 921,106 897,754
951,106 927,754

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 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.

Contract Building Services
(Scotland) Ltd (Registered number: SC343778)

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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





G J Taylor - Director


Contract Building Services
(Scotland) Ltd (Registered number: SC343778)

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

1. STATUTORY INFORMATION

Contract Building Services (Scotland) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where there is a contract which is only partially completed at the balance sheet date turnover represents the value of service provided to date based on a proportion of the total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Contract Building Services
(Scotland) Ltd (Registered number: SC343778)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 239,031
Additions 999
Disposals (27,697 )
At 30 June 2024 212,333
DEPRECIATION
At 1 July 2023 138,136
Charge for year 21,275
Eliminated on disposal (21,411 )
At 30 June 2024 138,000
NET BOOK VALUE
At 30 June 2024 74,333
At 30 June 2023 100,895

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 1,101,810 1,075,474
Other debtors 8,985 35,685
1,110,795 1,111,159

Contract Building Services
(Scotland) Ltd (Registered number: SC343778)

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

5. DEBTORS - continued
30.6.24 30.6.23
£    £   
Amounts falling due after more than one year:
Trade debtors 21,993 96,376

Aggregate amounts 1,132,788 1,207,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 18,055 20,115
Trade creditors 205,104 652,585
Taxation and social security 158,653 157,272
Other creditors 95,726 113,996
477,538 943,968

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 4,380 22,434
Other creditors 1,606 6,648
5,986 29,082