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REGISTERED NUMBER: SC580156 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BRUCE CONTRACTING SERVICES LTD

BRUCE CONTRACTING SERVICES LTD (REGISTERED NUMBER: SC580156)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 8

BRUCE CONTRACTING SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: Mr G A Bruce





REGISTERED OFFICE: Offices 1 & 8, Unit 1A
Burghmuir Circle
Blackhall Industrial Estate
Inverurie
Aberdeenshire
AB51 4FS





REGISTERED NUMBER: SC580156 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

BRUCE CONTRACTING SERVICES LTD (REGISTERED NUMBER: SC580156)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 199,454 134,262

CURRENT ASSETS
Stocks 6 14,418 15,000
Debtors 7 146,317 71,828
Cash at bank and in hand 36,860 12,544
197,595 99,372
CREDITORS
Amounts falling due within one year 8 183,070 120,052
NET CURRENT ASSETS/(LIABILITIES) 14,525 (20,680 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,979

113,582

CREDITORS
Amounts falling due after more than one year 9 (100,324 ) (87,365 )

PROVISIONS FOR LIABILITIES (39,260 ) (25,510 )
NET ASSETS 74,395 707

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 74,295 607
SHAREHOLDERS' FUNDS 74,395 707

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

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

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 director and authorised for issue on 28 July 2025 and were signed by:





Mr G A Bruce - Director


BRUCE CONTRACTING SERVICES LTD (REGISTERED NUMBER: SC580156)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Bruce Contracting 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value.

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 - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% reducing balance

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

A change in accounting estimate has been processed in the year to change the depreciation policies on Plant & Machinery and Motor Vehicles. The policies have been updated as follows;
- Plant & Machinery from 25% Reducing Balance to 10% Reducing Balance
- Motor Vehicles from 25% Reducing Balance to 20% Reducing Balance

This change has been processed to align the writing down of carrying value with the expected economic life of the underlying assets in each category. The change in accounting estimate has been enacted from the first day of the current accounting period and has not been applied retrospectively.

As a result of the change in accounting estimate, the overall depreciation charge in Profit and Loss and associated reduction in Tangible Fixed asset carrying value has been reduced by £20,447 compared to if the previous estimated had been applied.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

BRUCE CONTRACTING SERVICES LTD (REGISTERED NUMBER: SC580156)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

BRUCE CONTRACTING SERVICES LTD (REGISTERED NUMBER: SC580156)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 191,086 77,527 3,854 272,467
Additions 64,733 33,538 99 98,370
Disposals - (22,445 ) (940 ) (23,385 )
At 31 October 2024 255,819 88,620 3,013 347,452
DEPRECIATION
At 1 November 2023 89,857 45,238 3,110 138,205
Charge for year 12,557 8,584 196 21,337
Eliminated on disposal - (10,839 ) (705 ) (11,544 )
At 31 October 2024 102,414 42,983 2,601 147,998
NET BOOK VALUE
At 31 October 2024 153,405 45,637 412 199,454
At 31 October 2023 101,229 32,289 744 134,262

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 142,559 27,900 940 171,399
Additions 30,000 17,293 - 47,293
Disposals - - (940 ) (940 )
At 31 October 2024 172,559 45,193 - 217,752
DEPRECIATION
At 1 November 2023 65,447 6,975 627 73,049
Charge for year 7,933 4,801 78 12,812
Eliminated on disposal - - (705 ) (705 )
At 31 October 2024 73,380 11,776 - 85,156
NET BOOK VALUE
At 31 October 2024 99,179 33,417 - 132,596
At 31 October 2023 77,112 20,925 313 98,350

6. STOCKS
2024 2023
£    £   
Stocks 10,000 15,000
Work-in-progress 4,418 -
14,418 15,000

BRUCE CONTRACTING SERVICES LTD (REGISTERED NUMBER: SC580156)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,375 32,576
Other debtors 33,800 22,052
VAT - 3,685
Prepayments and accrued income 39,142 13,515
146,317 71,828

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,337 8,190
Hire purchase contracts (see note 10) 35,956 31,957
Trade creditors 102,737 27,199
Tax - 54
Social security and other taxes 13,194 8,571
VAT 1,726 -
Other creditors 180 1,166
Directors' current accounts 20,940 42,915
183,070 120,052

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,641 8,337
Bank loans - 2-5 years - 5,641
Hire purchase contracts (see note 10) 94,683 73,387
100,324 87,365

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 35,956 31,957
Between one and five years 94,683 73,387
130,639 105,344

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

BRUCE CONTRACTING SERVICES LTD (REGISTERED NUMBER: SC580156)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr G A Bruce
Balance outstanding at start of year (42,914 ) (46,895 )
Amounts advanced 47,681 3,981
Amounts repaid (25,707 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,940 ) (42,914 )

These amounts bear no interest and have no fixed repayment terms.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G A Bruce.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRUCE CONTRACTING SERVICES LTD (REGISTERED NUMBER: SC580156)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bruce Contracting Services Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Bruce Contracting Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bruce Contracting Services Ltd and state those matters that we have agreed to state to the director of Bruce Contracting Services Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Bruce Contracting Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bruce Contracting Services Ltd. You consider that Bruce Contracting Services 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 financial statements of Bruce Contracting Services 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 financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


28 July 2025