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REGISTERED NUMBER: SC056141 (Scotland)
















Financial Statements for the Year Ended 31 August 2024

for

Building Craftsmen (Dumfries) Limited

Building Craftsmen (Dumfries) Limited (Registered number: SC056141)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Building Craftsmen (Dumfries) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: W J Hewitson





REGISTERED OFFICE: The Hollies
Peatford
Lockerbie
DG11 1BJ





REGISTERED NUMBER: SC056141 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Building Craftsmen (Dumfries) Limited (Registered number: SC056141)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,105,476 1,282,270

CURRENT ASSETS
Stocks 5,883,560 5,301,680
Debtors 5 1,601,241 1,522,028
Investments 6 1,181 1,181
Cash at bank 1,370,643 1,488,280
8,856,625 8,313,169
CREDITORS
Amounts falling due within one year 7 (4,894,292 ) (4,902,991 )
NET CURRENT ASSETS 3,962,333 3,410,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,067,809

4,692,448

PROVISIONS FOR LIABILITIES (56,812 ) (88,155 )
NET ASSETS 5,010,997 4,604,293

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Capital redemption reserve 51 51
Retained earnings 5,000,946 4,594,242
SHAREHOLDERS' FUNDS 5,010,997 4,604,293

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

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

Building Craftsmen (Dumfries) Limited (Registered number: SC056141)

Balance Sheet - continued
31 August 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





W J Hewitson - Director


Building Craftsmen (Dumfries) Limited (Registered number: SC056141)

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

1. STATUTORY INFORMATION

Building Craftsmen (Dumfries) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Property - 5% on cost
Tenant's improvements - 25% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash at bank and in hand.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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.


Building Craftsmen (Dumfries) Limited (Registered number: SC056141)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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 - 23 ) .

4. TANGIBLE FIXED ASSETS
Tenant's Plant and Motor
Property improvements machinery vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 632,009 22,407 1,245,288 727,567 2,627,271
DEPRECIATION
At 1 September 2023 - 21,522 897,874 425,605 1,345,001
Charge for year 31,600 221 69,483 75,490 176,794
At 31 August 2024 31,600 21,743 967,357 501,095 1,521,795
NET BOOK VALUE
At 31 August 2024 600,409 664 277,931 226,472 1,105,476
At 31 August 2023 632,009 885 347,414 301,962 1,282,270

Building Craftsmen (Dumfries) Limited (Registered number: SC056141)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 44,535
DEPRECIATION
At 1 September 2023
and 31 August 2024 11,134
NET BOOK VALUE
At 31 August 2024 33,401
At 31 August 2023 33,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 255,901 289,637
Other debtors 1,345,340 1,232,391
1,601,241 1,522,028

6. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Vehicle registrations 1,181 1,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts - 19,507
Trade creditors 288,152 309,337
Taxation and social security 176,448 86,722
Other creditors 4,429,692 4,487,425
4,894,292 4,902,991

Building Craftsmen (Dumfries) Limited (Registered number: SC056141)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts - 19,507

HP creditors are secured over the assets to which they relate.


The Royal Bank of Scotland PLC holds a bond and floating charge dated 27 February 1989 over the Company's whole property and undertaking.