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REGISTERED NUMBER: SC290502 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

B & K Hume Groundworks Limited

B & K Hume Groundworks Limited (Registered number: SC290502)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & K Hume Groundworks Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Robert Hume
Paul Hume
Kenneth Hume





REGISTERED OFFICE: Willowbank Todholes
Greenlaw
Duns
Berwickshire
TD10 6XD





REGISTERED NUMBER: SC290502 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

B & K Hume Groundworks Limited (Registered number: SC290502)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 512,228 339,961

CURRENT ASSETS
Stocks 61,052 86,498
Debtors 5 132,672 179,873
Cash at bank 159,619 107,307
353,343 373,678
CREDITORS
Amounts falling due within one year 6 179,749 227,919
NET CURRENT ASSETS 173,594 145,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,822

485,720

CREDITORS
Amounts falling due after more than one
year

7

(42,755

)

(30,290

)

PROVISIONS FOR LIABILITIES (97,000 ) (63,245 )
NET ASSETS 546,067 392,185

CAPITAL AND RESERVES
Called up share capital 2,006 2,006
Retained earnings 544,061 390,179
546,067 392,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

B & K Hume Groundworks Limited (Registered number: SC290502)

Balance Sheet - continued
30 September 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 16 April 2025 and were signed on its behalf by:




Robert Hume - Director Paul Hume - Director




Kenneth Hume - Director


B & K Hume Groundworks Limited (Registered number: SC290502)

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

1. STATUTORY INFORMATION

B & K Hume Groundworks 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks & work in progress
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost comprises of direct materials and where applicable direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Construction contracts
Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion and the contract activity at the reporting date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably, and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

The percentage completion method is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending upon their nature, and providing it is probable they will be recovered.


B & K Hume Groundworks Limited (Registered number: SC290502)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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 12 (2023 - 15 ) .

B & K Hume Groundworks Limited (Registered number: SC290502)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 122,571 473,834 596,405
Additions - 317,245 317,245
Disposals - (203,634 ) (203,634 )
At 30 September 2024 122,571 587,445 710,016
DEPRECIATION
At 1 October 2023 - 256,444 256,444
Charge for year - 79,558 79,558
Eliminated on disposal - (138,214 ) (138,214 )
At 30 September 2024 - 197,788 197,788
NET BOOK VALUE
At 30 September 2024 122,571 389,657 512,228
At 30 September 2023 122,571 217,390 339,961

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 61,700
Additions 131,450
At 30 September 2024 193,150
DEPRECIATION
At 1 October 2023 8,998
Charge for year 22,548
At 30 September 2024 31,546
NET BOOK VALUE
At 30 September 2024 161,604
At 30 September 2023 52,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 114,493 173,433
Other debtors 18,179 6,440
132,672 179,873

B & K Hume Groundworks Limited (Registered number: SC290502)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,003 19,420
Hire purchase contracts 49,100 30,002
Trade creditors 30,617 53,510
Taxation and social security 49,053 81,997
Other creditors 40,976 42,990
179,749 227,919

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 10,757 18,763
Hire purchase contracts 31,998 8,875
Other creditors - 2,652
42,755 30,290

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 20,760 38,183

The Royal Bank of Scotland plc has security and a floating charge over all property and assets of the company.