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REGISTERED NUMBER: SC521634 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ACT Construction (Europe) Ltd

ACT Construction (Europe) Ltd (Registered number: SC521634)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACT Construction (Europe) Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: K M Godsman





REGISTERED OFFICE: 122-124 Strathmore Road
Balmore Industrial Estate
Glasgow
G22 7DW





REGISTERED NUMBER: SC521634 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

ACT Construction (Europe) Ltd (Registered number: SC521634)

Balance Sheet
31 December 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 267,316 225,989

CURRENT ASSETS
Stocks 279,572 329,522
Debtors 5 1,703,923 1,179,476
Cash at bank 114,694 3,236
2,098,189 1,512,234
CREDITORS
Amounts falling due within one year 6 1,868,119 1,209,059
NET CURRENT ASSETS 230,070 303,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,386

529,164

CREDITORS
Amounts falling due after more than one year 7 157,279 308,280
NET ASSETS 340,107 220,884

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 340,007 220,784
SHAREHOLDERS' FUNDS 340,107 220,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ACT Construction (Europe) Ltd (Registered number: SC521634)

Balance Sheet - continued
31 December 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 29 April 2025 and were signed by:





K M Godsman - Director


ACT Construction (Europe) Ltd (Registered number: SC521634)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

ACT Construction (Europe) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 15 (2023 - 15 ) .

ACT Construction (Europe) Ltd (Registered number: SC521634)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 90,000 241,625 331,625
Additions - 105,046 105,046
Disposals - (26,820 ) (26,820 )
At 31 December 2024 90,000 319,851 409,851
DEPRECIATION
At 1 January 2024 - 105,636 105,636
Charge for year - 55,233 55,233
Eliminated on disposal - (18,334 ) (18,334 )
At 31 December 2024 - 142,535 142,535
NET BOOK VALUE
At 31 December 2024 90,000 177,316 267,316
At 31 December 2023 90,000 135,989 225,989

5. DEBTORS
2024 2023
as restated
£    £   
Amounts falling due within one year:
Trade debtors 1,436,590 1,088,021
Other debtors 81,708 91,455
1,518,298 1,179,476

Amounts falling due after more than one year:
Other debtors 185,625 -

Aggregate amounts 1,703,923 1,179,476

ACT Construction (Europe) Ltd (Registered number: SC521634)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 847,876 602,043
Hire purchase contracts 36,753 24,090
Trade creditors 849,224 499,675
Taxation and social security 125,191 77,460
Other creditors 9,075 5,791
1,868,119 1,209,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans 66,927 174,467
Hire purchase contracts 90,352 38,836
Other creditors - 94,977
157,279 308,280

8. ULTIMATE CONTROLLING PARTY

The company is controlled by K M & R Godsman by virtue of their 100% holding of the company's issued share capital.