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REGISTERED NUMBER: SC104994 (Scotland)
















Financial Statements for the Year Ended 31 August 2024

for

Building Craftsmen (Yeovil) Limited

Building Craftsmen (Yeovil) Limited (Registered number: SC104994)






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 (Yeovil) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: W J Hewitson
N Hewitson





REGISTERED OFFICE: The Hollies
Peatford
Lockerbie
DG11 1BJ





REGISTERED NUMBER: SC104994 (Scotland)





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

Building Craftsmen (Yeovil) Limited (Registered number: SC104994)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 300,908 197,856
Investments 6 50 50
300,958 197,906

CURRENT ASSETS
Stocks 666,705 1,280,905
Debtors 7 659,313 617,617
Investments 8 945 945
Cash at bank 981,484 704,608
2,308,447 2,604,075
CREDITORS
Amounts falling due within one year 9 (245,280 ) (290,029 )
NET CURRENT ASSETS 2,063,167 2,314,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,364,125

2,511,952

CREDITORS
Amounts falling due after more than one
year

10

(30,334

)

(7,010

)

PROVISIONS FOR LIABILITIES (12,167 ) (16,261 )
NET ASSETS 2,321,624 2,488,681

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13 2,321,524 2,488,581
SHAREHOLDERS' FUNDS 2,321,624 2,488,681

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 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.

Building Craftsmen (Yeovil) Limited (Registered number: SC104994)

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 Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:




W J Hewitson - Director



N Hewitson - Director


Building Craftsmen (Yeovil) Limited (Registered number: SC104994)

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

1. STATUTORY INFORMATION

Building Craftsmen (Yeovil) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1995, is being amortised evenly over its estimated useful life of twenty five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
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 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.


Building Craftsmen (Yeovil) Limited (Registered number: SC104994)

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

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.

Investments
Investments are included at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

Building Craftsmen (Yeovil) Limited (Registered number: SC104994)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 1,000
AMORTISATION
At 1 September 2023
and 31 August 2024 1,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 244,641 472,922 717,563
Additions 32,701 177,078 209,779
Disposals (44,727 ) (29,250 ) (73,977 )
At 31 August 2024 232,615 620,750 853,365
DEPRECIATION
At 1 September 2023 206,073 313,634 519,707
Charge for year 9,920 80,716 90,636
Eliminated on disposal (21,532 ) (36,354 ) (57,886 )
At 31 August 2024 194,461 357,996 552,457
NET BOOK VALUE
At 31 August 2024 38,154 262,754 300,908
At 31 August 2023 38,568 159,288 197,856

Building Craftsmen (Yeovil) Limited (Registered number: SC104994)

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

5. 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 324,539
Additions 137,420
Disposals (29,250 )
Transfer to ownership 54,360
At 31 August 2024 487,069
DEPRECIATION
At 1 September 2023 228,187
Charge for year 68,948
Eliminated on disposal (16,910 )
At 31 August 2024 280,225
NET BOOK VALUE
At 31 August 2024 206,844
At 31 August 2023 96,352

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 50
NET BOOK VALUE
At 31 August 2024 50
At 31 August 2023 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 240,340 288,535
Other debtors 418,973 329,082
659,313 617,617

8. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Vehicle registrations 945 945

Building Craftsmen (Yeovil) Limited (Registered number: SC104994)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 11) 25,964 28,641
Trade creditors 99,538 100,770
Taxation and social security 85,526 108,650
Other creditors 34,252 51,968
245,280 290,029

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 11) 30,334 7,010

11. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 25,964 28,641
Between one and five years 30,334 7,010
56,298 35,651

12. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 56,298 35,651

Hire purchase creditors are secured over the assets to which they relate.

13. RESERVES
Retained
earnings
£   

At 1 September 2023 2,488,581
Deficit for the year (62,057 )
Dividends (105,000 )
At 31 August 2024 2,321,524