Scotbuild (Highland) Ltd SC702854 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of construction services Digita Accounts Production Advanced 6.30.9574.0 true SC702854 2023-10-01 2024-09-30 SC702854 2024-09-30 SC702854 bus:OrdinaryShareClass1 2024-09-30 SC702854 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC702854 core:ShareCapital 2024-09-30 SC702854 core:CurrentFinancialInstruments 2024-09-30 SC702854 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 SC702854 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 SC702854 core:FurnitureFittingsToolsEquipment 2024-09-30 SC702854 core:MotorVehicles 2024-09-30 SC702854 bus:SmallEntities 2023-10-01 2024-09-30 SC702854 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC702854 bus:AbridgedAccounts 2023-10-01 2024-09-30 SC702854 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC702854 bus:RegisteredOffice 2023-10-01 2024-09-30 SC702854 bus:Director1 2023-10-01 2024-09-30 SC702854 bus:Director2 2023-10-01 2024-09-30 SC702854 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC702854 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC702854 bus:Agent1 2023-10-01 2024-09-30 SC702854 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 SC702854 core:ShareCapital 2023-10-01 2024-09-30 SC702854 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 SC702854 core:MotorVehicles 2023-10-01 2024-09-30 SC702854 core:OfficeEquipment 2023-10-01 2024-09-30 SC702854 core:PlantMachinery 2023-10-01 2024-09-30 SC702854 core:ParentEntities 2023-10-01 2024-09-30 SC702854 countries:Scotland 2023-10-01 2024-09-30 SC702854 dpl:AdministrativeExpenses 2023-10-01 2024-09-30 SC702854 dpl:CostSales 2023-10-01 2024-09-30 SC702854 2023-09-30 SC702854 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC702854 core:ShareCapital 2023-09-30 SC702854 core:FurnitureFittingsToolsEquipment 2023-09-30 SC702854 core:MotorVehicles 2023-09-30 SC702854 2022-10-01 2023-09-30 SC702854 2023-09-30 SC702854 bus:OrdinaryShareClass1 2023-09-30 SC702854 core:CurrentFinancialInstruments 2023-09-30 SC702854 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC702854 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 SC702854 core:FurnitureFittingsToolsEquipment 2023-09-30 SC702854 core:MotorVehicles 2023-09-30 SC702854 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC702854 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 SC702854 core:ShareCapital 2022-10-01 2023-09-30 SC702854 dpl:AdministrativeExpenses 2022-10-01 2023-09-30 SC702854 dpl:CostSales 2022-10-01 2023-09-30 SC702854 2022-09-30 SC702854 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC702854 core:ShareCapital 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC702854

Scotbuild (Highland) Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2024

 

Scotbuild (Highland) Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 15

iXBRL Detailed Profit and Loss Account

16 to 17

 

Scotbuild (Highland) Ltd

Company Information

Directors

Mr D Calder

Mr M S Fitzgerald

Registered office

The Craig
Cromlet Drive
Invergordon
Ross-shire
IV18 0BA

Accountants

Ardross Accountancy and Tax Services Limited
Accountants and Chartered Tax AdvisersIVtwo
Kintail House
Beechwood Business Park
Inverness
Highlands
IV2 3BW

 

Scotbuild (Highland) Ltd

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the abridged financial statements for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr D Calder

Mr M S Fitzgerald

Principal activity

The principal activity of the company is that of construction services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 May 2025 and signed on its behalf by:
 

.........................................
Mr D Calder
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Scotbuild (Highland) Ltd
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Scotbuild (Highland) Ltd for the year ended 30 September 2024 as set out on pages 4 to 15 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Scotbuild (Highland) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Scotbuild (Highland) Ltd and state those matters that we have agreed to state to the Board of Directors of Scotbuild (Highland) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scotbuild (Highland) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Scotbuild (Highland) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Scotbuild (Highland) Ltd. You consider that Scotbuild (Highland) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Scotbuild (Highland) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Ardross Accountancy and Tax Services Limited
Accountants and Chartered Tax Advisers
IVtwo
Kintail House
Beechwood Business Park
Inverness
Highlands
IV2 3BW

6 May 2025

 

Scotbuild (Highland) Ltd

Abridged Profit and Loss Account for the Year Ended 30 September 2024

Note

2024
£

2023
£

Gross profit

 

405,815

641,983

Administrative expenses

 

(383,278)

(347,159)

Interest payable and similar expenses

 

(4,551)

(3,767)

Profit before tax

4

17,986

291,057

Tax on profit

 

(82)

(36,491)

Profit for the financial year

 

17,904

254,566

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Scotbuild (Highland) Ltd

Statement of Comprehensive Income for the Year Ended 30 September 2024

2024
£

2023
£

Profit for the year

17,904

254,566

Total comprehensive income for the year

17,904

254,566

 

Scotbuild (Highland) Ltd

(Registration number: SC702854)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

127,621

110,063

Current assets

 

Stocks

6

468,857

355,140

Debtors

7

105,353

257,808

Cash at bank and in hand

 

85,724

17,889

 

659,934

630,837

Prepayments and accrued income

 

3,333

-

Creditors: Amounts falling due within one year

(487,052)

(419,702)

Net current assets

 

176,215

211,135

Total assets less current liabilities

 

303,836

321,198

Creditors: Amounts falling due after more than one year

(1,125)

(21,906)

Accruals and deferred income

 

(59,412)

(73,899)

Net assets

 

243,299

225,393

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

243,199

225,293

Shareholders' funds

 

243,299

225,393

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

 

Scotbuild (Highland) Ltd

(Registration number: SC702854)
Abridged Balance Sheet as at 30 September 2024

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 6 May 2025 and signed on its behalf by:
 

.........................................
Mr M S Fitzgerald
Director

 

Scotbuild (Highland) Ltd

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Retained earnings
£

Total
£

At 1 October 2023

100

225,295

225,395

Profit for the year

-

17,904

17,904

At 30 September 2024

100

243,199

243,299

Share capital
£

Retained earnings
£

Total
£

At 1 October 2022

100

10,727

10,827

Profit for the year

-

254,566

254,566

Dividends

-

(40,000)

(40,000)

At 30 September 2023

100

225,293

225,393

 

Scotbuild (Highland) Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Craig
Cromlet Drive
Invergordon
Ross-shire
IV18 0BA
United Kingdom

These financial statements were authorised for issue by the Board on 6 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Scotbuild (Highland) Ltd

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line basis

Motor vehicles

25% reducing balance basis

Offie equipment

33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Scotbuild (Highland) Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Scotbuild (Highland) Ltd

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2023 - 21).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

38,270

22,894

 

Scotbuild (Highland) Ltd

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

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

8,504

141,805

150,309

Additions

15,188

40,639

55,827

At 30 September 2024

23,692

182,444

206,136

Depreciation

At 1 October 2023

5,445

34,801

40,246

Charge for the year

4,194

34,075

38,269

At 30 September 2024

9,639

68,876

78,515

Carrying amount

At 30 September 2024

14,053

113,568

127,621

At 30 September 2023

3,059

107,004

110,063

6

Stocks

2024
£

2023
£

Work in progress

468,326

354,609

Other inventories

531

531

468,857

355,140

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

 

Scotbuild (Highland) Ltd

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

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

100

100

100

100

       

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil (2023 - £400.00) per each Ordinary share capital

-

40,000

 

 

10

Related party transactions

 

Scotbuild (Highland) Ltd

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

65,000

60,000

Contributions paid to money purchase schemes

-

1,233

65,000

61,233

Summary of transactions with parent

Calder Electrical Contractors Ltd During the period there were sales to the parent of £236,231 (2023, £3,447). The parent re-charged labour costs of £84,484 (2023, £48,431), materials of £50,641 (2023, £37,474), rented vehicles for £38,884 (2023, £36,722) and management charges of £62,000 were written back (2023,£62,000.)

 

Scotbuild (Highland) Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 30 September 2024

2024
£

2023
£

Turnover/revenue

3,241,286

2,635,754

Cost of sales

Opening raw materials

(531)

(13,887)

Opening work in progress

(354,609)

(469,996)

Opening stock/inventories

(355,140)

(483,883)

Purchase of raw materials and consumables

(1,109,524)

(668,575)

Closing raw materials

531

531

Closing work in progress

468,326

354,609

Closing stock/inventories

468,857

355,140

Operating lease payments

(45,692)

(60,666)

Vehicle costs

(90,533)

(68,669)

Wages and salaries excluding directors

(1,031,587)

(570,641)

Social security costs excluding directors

(87,845)

(52,115)

Pension costs defined contribution schemes excluding directors

(3,439)

(11,991)

Staff costs excluding directors

(1,122,871)

(634,747)

Subcontractor costs

(580,568)

(432,371)

Gross profit

405,815

641,983

Distribution costs

Administrative expenses

Advertising, promotions and marketing costs

(2,741)

(1,555)

Client entertaining costs

(1,660)

(5,133)

Rent, rates and services costs

(16,788)

(20,000)

Utilities costs

(7,600)

(6,680)

Other repairs and maintenance costs

-

(1,108)

Depreciation of fixed assets

(38,270)

(22,894)

Wages and salaries excluding directors

(150,190)

(73,881)

Social security costs excluding directors

(23,127)

-

Pension costs defined contribution schemes excluding directors

(115)

-

Other staff costs excluding directors

(22,426)

(13,302)

Staff costs excluding directors

(195,858)

(87,183)

 

Scotbuild (Highland) Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 30 September 2024

2024
£

2023
£

Salaries and fees, directors

(65,000)

(60,000)

Social security costs, directors

-

(11,552)

Company contributions to money purchase plans, directors

-

(1,233)

Staff costs, directors

(65,000)

(72,785)

Travel and subsistence

(3,535)

(7,195)

Training

(8,683)

(1,352)

Legal and professional costs

(9,105)

(5,760)

Bank charges

(1,339)

-

Inter-company recharges

62,000

(62,000)

Insurance costs

(26,376)

(33,035)

IT and computing

(8,117)

(4,941)

Telecommunications

(2,733)

(3,798)

Printing, postage and stationery

(1,318)

(492)

Charitable donations

(1,585)

(489)

Subscriptions

(5,178)

(1,544)

Other costs

(49,392)

(10,215)

Other operating income

Other items

Gain from disposal of fixed assets

-

1,000

Profit on ordinary activities before finance charges and interest

22,537

294,824

Interest expense on obligations under finance leases and hire purchase contracts

(4,551)

(3,767)

Profit on ordinary activities before taxation

17,986

291,057

Tax on profit or loss on ordinary activities

(82)

(36,491)

Profit for the financial year

17,904

254,566