IRIS Accounts Production v25.1.0.734 SC517080 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5170802023-10-31SC5170802024-10-31SC5170802023-11-012024-10-31SC5170802022-10-31SC5170802022-11-012023-10-31SC5170802023-10-31SC517080ns15:Scotland2023-11-012024-10-31SC517080ns14:PoundSterling2023-11-012024-10-31SC517080ns10:Director12023-11-012024-10-31SC517080ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC517080ns10:SmallEntities2023-11-012024-10-31SC517080ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-31SC517080ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-31SC517080ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC517080ns10:FullAccounts2023-11-012024-10-31SC51708012023-11-012024-10-31SC517080ns10:Director22023-11-012024-10-31SC517080ns10:RegisteredOffice2023-11-012024-10-31SC517080ns5:CurrentFinancialInstruments2024-10-31SC517080ns5:CurrentFinancialInstruments2023-10-31SC517080ns5:Non-currentFinancialInstruments2024-10-31SC517080ns5:Non-currentFinancialInstruments2023-10-31SC517080ns5:ShareCapital2024-10-31SC517080ns5:ShareCapital2023-10-31SC517080ns5:RetainedEarningsAccumulatedLosses2024-10-31SC517080ns5:RetainedEarningsAccumulatedLosses2023-10-31SC517080ns5:NetGoodwill2023-11-012024-10-31SC517080ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-31SC517080ns5:PlantMachinery2023-11-012024-10-31SC517080ns5:MotorVehicles2023-11-012024-10-31SC517080ns5:ComputerEquipment2023-11-012024-10-31SC517080ns5:NetGoodwill2023-10-31SC517080ns5:NetGoodwill2024-10-31SC517080ns5:NetGoodwill2023-10-31SC517080ns5:PlantMachinery2023-10-31SC517080ns5:MotorVehicles2023-10-31SC517080ns5:ComputerEquipment2023-10-31SC517080ns5:PlantMachinery2024-10-31SC517080ns5:MotorVehicles2024-10-31SC517080ns5:ComputerEquipment2024-10-31SC517080ns5:PlantMachinery2023-10-31SC517080ns5:MotorVehicles2023-10-31SC517080ns5:ComputerEquipment2023-10-31SC517080ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC517080ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31SC51708012023-11-012024-10-31
REGISTERED NUMBER: SC517080 (Scotland)








































G W Cockburn Water & Drainage Services
Ltd

Unaudited Financial Statements

for the Year Ended 31st October 2024






G W Cockburn Water & Drainage Services
Ltd (Registered number: SC517080)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


G W Cockburn Water & Drainage Services
Ltd

Company Information
for the year ended 31st October 2024







Directors: G L Collins
Mrs G L Collins





Registered office: Unit 8-1 U-Stor Business Units
Spylaw Road
Kelso
Roxburghshire
TD5 8DN





Registered number: SC517080 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

G W Cockburn Water & Drainage Services
Ltd (Registered number: SC517080)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 426,145 406,742
426,145 406,742

Current assets
Stocks 88,832 111,095
Debtors 6 240,627 201,534
Investments 7 1 -
Cash at bank 158,722 207,086
488,182 519,715
Creditors
Amounts falling due within one year 8 82,877 100,957
Net current assets 405,305 418,758
Total assets less current liabilities 831,450 825,500

Creditors
Amounts falling due after more than one
year

9

(43,268

)

(44,503

)

Provisions for liabilities (80,227 ) (81,826 )
Net assets 707,955 699,171

Capital and reserves
Called up share capital 100 100
Retained earnings 707,855 699,071
707,955 699,171

G W Cockburn Water & Drainage Services
Ltd (Registered number: SC517080)

Balance Sheet - continued
31st October 2024


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

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

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th May 2025 and were signed on its behalf by:





G L Collins - Director


G W Cockburn Water & Drainage Services
Ltd (Registered number: SC517080)

Notes to the Financial Statements
for the year ended 31st October 2024

1. Statutory information

G W Cockburn Water & Drainage Services 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 arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, has now been fully amortised over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 20% on reducing balance and 15% on reducing balance
Office equipment - 25% on cost and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase contracts, other loans and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), other loans, trade debtors, accruals and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

G W Cockburn Water & Drainage Services
Ltd (Registered number: SC517080)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. Accounting policies - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised on the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 10 (2023 - 9 ) .

G W Cockburn Water & Drainage Services
Ltd (Registered number: SC517080)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st November 2023
and 31st October 2024 65,000
Amortisation
At 1st November 2023
and 31st October 2024 65,000
Net book value
At 31st October 2024 -
At 31st October 2023 -

5. Tangible fixed assets
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1st November 2023 325,845 247,779 7,201 580,825
Additions 28,911 88,495 5,858 123,264
Disposals (16,600 ) (21,910 ) - (38,510 )
At 31st October 2024 338,156 314,364 13,059 665,579
Depreciation
At 1st November 2023 113,674 55,888 4,521 174,083
Charge for year 37,347 43,165 3,128 83,640
Eliminated on disposal (11,279 ) (7,010 ) - (18,289 )
At 31st October 2024 139,742 92,043 7,649 239,434
Net book value
At 31st October 2024 198,414 222,321 5,410 426,145
At 31st October 2023 212,171 191,891 2,680 406,742

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 79,641 51,787
Other debtors 160,986 149,747
240,627 201,534

7. Current asset investments
2024 2023
£    £   
Unlisted investments 1 -

G W Cockburn Water & Drainage Services
Ltd (Registered number: SC517080)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 21,122 29,230
Trade creditors 17,228 19,183
Taxation and social security 32,267 42,284
Other creditors 12,260 10,260
82,877 100,957

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 43,268 44,503

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 64,390 73,733

Hire purchase contracts are secured against the assets in which they relate.

11. Post balance sheet events

Since the year end, on 2nd April 2025, a dividend of £50 per share has been declared.

12. Directors' advances, credits and guarantees

The following advances and credits to the directors subsisted during the years ended 31st October 2024 and 31st October 2023:


2024 2023
£ £
Directors
Balance outstanding at start of year 16,317 29,731
Amounts advanced 85,961 102,852
Amounts repaid (76,676 ) (116,266 )
Balance outstanding at end of year 25,602 16,317

This loan is unsecured, interest has been charged at the official rates published by HMRC and it is repayable on demand.