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REGISTERED NUMBER: SC070996 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

William Goodfellow (Contractors) Limited

William Goodfellow (Contractors) Limited (Registered number: SC070996)






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


William Goodfellow (Contractors) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C J McColl
D A McColl





SECRETARY: D A McColl





REGISTERED OFFICE: Drumcavel House
150 Drumcavel Road
Muirhead
Glasgow
G69 9ES





REGISTERED NUMBER: SC070996 (Scotland)





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

William Goodfellow (Contractors) Limited (Registered number: SC070996)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,090 82,637

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 5 318,429 259,281
Cash at bank and in hand 24,930 44,774
393,359 354,055
CREDITORS
Amounts falling due within one year 6 109,620 68,770
NET CURRENT ASSETS 283,739 285,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,829

367,922

CREDITORS
Amounts falling due after more than one
year

7

(10,833

)

(20,833

)

PROVISIONS FOR LIABILITIES (6,525 ) -
NET ASSETS 347,471 347,089

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 346,471 346,089
SHAREHOLDERS' FUNDS 347,471 347,089

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.

William Goodfellow (Contractors) Limited (Registered number: SC070996)

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 25 March 2025 and were signed on its behalf by:





D A McColl - Director


William Goodfellow (Contractors) Limited (Registered number: SC070996)

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

1. STATUTORY INFORMATION

William Goodfellow (Contractors) 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 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 - 25% on reducing balance, 15% on reducing balance and at varying rates on cost

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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and on deposit with banks.

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.


William Goodfellow (Contractors) Limited (Registered number: SC070996)

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

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 780,388
Additions 28,195
Disposals (4,840 )
At 30 June 2024 803,743
DEPRECIATION
At 1 July 2023 697,751
Charge for year 27,019
Eliminated on disposal (2,117 )
At 30 June 2024 722,653
NET BOOK VALUE
At 30 June 2024 81,090
At 30 June 2023 82,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 33,600
Other debtors 318,429 225,681
318,429 259,281

William Goodfellow (Contractors) Limited (Registered number: SC070996)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 17,313 15,908
Taxation and social security 7,298 16,433
Other creditors 75,009 26,429
109,620 68,770

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 10,833 20,833

8. RELATED PARTY DISCLOSURES

The company advanced funds to McColl Holdings Limited, a company under common control, which are interest free and have no fixed repayment date. The amount outstanding at 30 June 2024 was £236,650 (2023 - £146,875).