Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282024-03-01falseNo description of principal activity3624truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC393973 2024-03-01 2025-02-28 SC393973 2023-03-01 2024-02-29 SC393973 2025-02-28 SC393973 2024-02-29 SC393973 c:CompanySecretary1 2024-03-01 2025-02-28 SC393973 c:Director1 2024-03-01 2025-02-28 SC393973 c:Director2 2024-03-01 2025-02-28 SC393973 c:Director3 2024-03-01 2025-02-28 SC393973 c:RegisteredOffice 2024-03-01 2025-02-28 SC393973 d:PlantMachinery 2024-03-01 2025-02-28 SC393973 d:PlantMachinery 2025-02-28 SC393973 d:PlantMachinery 2024-02-29 SC393973 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC393973 d:MotorVehicles 2024-03-01 2025-02-28 SC393973 d:MotorVehicles 2025-02-28 SC393973 d:MotorVehicles 2024-02-29 SC393973 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC393973 d:FurnitureFittings 2024-03-01 2025-02-28 SC393973 d:FurnitureFittings 2025-02-28 SC393973 d:FurnitureFittings 2024-02-29 SC393973 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC393973 d:OfficeEquipment 2024-03-01 2025-02-28 SC393973 d:OfficeEquipment 2025-02-28 SC393973 d:OfficeEquipment 2024-02-29 SC393973 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC393973 d:ComputerEquipment 2024-03-01 2025-02-28 SC393973 d:ComputerEquipment 2025-02-28 SC393973 d:ComputerEquipment 2024-02-29 SC393973 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC393973 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC393973 d:CurrentFinancialInstruments 2025-02-28 SC393973 d:CurrentFinancialInstruments 2024-02-29 SC393973 d:Non-currentFinancialInstruments 2025-02-28 SC393973 d:Non-currentFinancialInstruments 2024-02-29 SC393973 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 SC393973 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC393973 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 SC393973 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 SC393973 d:ShareCapital 2025-02-28 SC393973 d:ShareCapital 2024-02-29 SC393973 d:RetainedEarningsAccumulatedLosses 2025-02-28 SC393973 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC393973 c:OrdinaryShareClass1 2024-03-01 2025-02-28 SC393973 c:OrdinaryShareClass1 2025-02-28 SC393973 c:OrdinaryShareClass1 2024-02-29 SC393973 c:OrdinaryShareClass2 2024-03-01 2025-02-28 SC393973 c:OrdinaryShareClass2 2025-02-28 SC393973 c:OrdinaryShareClass2 2024-02-29 SC393973 c:OrdinaryShareClass3 2024-03-01 2025-02-28 SC393973 c:OrdinaryShareClass3 2025-02-28 SC393973 c:OrdinaryShareClass3 2024-02-29 SC393973 c:FRS102 2024-03-01 2025-02-28 SC393973 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC393973 c:FullAccounts 2024-03-01 2025-02-28 SC393973 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC393973 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC393973










CARMICHAEL & BAXTER GROUNDWORKS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

 
CARMICHAEL & BAXTER GROUNDWORKS LTD
 

COMPANY INFORMATION


Directors
Mr A Baxter 
Mr N Cameron 
Mr P Carmichael 




Company secretary
Mr P Carmichael



Registered number
SC393973



Registered office
6 Eden Valley Business Park

Cupar

Fife

KY15 4RB




Accountants
EQ Accountants Ltd
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
CARMICHAEL & BAXTER GROUNDWORKS LTD
REGISTERED NUMBER: SC393973

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
£
£

Fixed assets
  

Tangible assets
 4 
1,067,196
620,697

  
1,067,196
620,697

Current assets
  

Debtors: amounts falling due within one year
 5 
1,489,386
1,064,243

Cash at bank and in hand
  
663,555
102,130

  
2,152,941
1,166,373

Creditors: amounts falling due within one year
 6 
(1,168,085)
(819,311)

Net current assets
  
 
 
984,856
 
 
347,062

Total assets less current liabilities
  
2,052,052
967,759

Creditors: amounts falling due after more than one year
 7 
(299,428)
(166,448)

Provisions for liabilities
  

Deferred tax
  
(266,798)
(155,174)

  
 
 
(266,798)
 
 
(155,174)

Net assets
  
1,485,826
646,137


Capital and reserves
  

Called up share capital 
 8 
30
30

Profit and loss account
  
1,485,796
646,107

  
1,485,826
646,137


Page 1

 
CARMICHAEL & BAXTER GROUNDWORKS LTD
REGISTERED NUMBER: SC393973

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 August 2025.





Mr N Cameron
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CARMICHAEL & BAXTER GROUNDWORKS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Carmichael & Baxter Groundworks Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC393973. The address of the registered office is 6 Eden Valley Business Park, Cupar, Fife, Scotland, KY15 4RB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
CARMICHAEL & BAXTER GROUNDWORKS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
CARMICHAEL & BAXTER GROUNDWORKS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using depreciation methods as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
reducing balance
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 36 (2024 - 24).

Page 5

 
CARMICHAEL & BAXTER GROUNDWORKS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 March 2024
494,408
448,393
2,440
5,791
14,798
965,830


Additions
178,335
479,207
-
755
3,244
661,541


Disposals
-
(33,925)
-
-
-
(33,925)



At 28 February 2025

672,743
893,675
2,440
6,546
18,042
1,593,446



Depreciation


At 1 March 2024
161,453
172,601
736
3,758
6,585
345,133


Charge for the year on owned assets
87,253
106,532
340
816
2,979
197,920


Disposals
-
(16,803)
-
-
-
(16,803)



At 28 February 2025

248,706
262,330
1,076
4,574
9,564
526,250



Net book value



At 28 February 2025
424,037
631,345
1,364
1,972
8,478
1,067,196



At 29 February 2024
332,955
275,792
1,704
2,033
8,213
620,697

Page 6

 
CARMICHAEL & BAXTER GROUNDWORKS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
704,859
469,207

Other debtors
196,179
104,096

Prepayments and accrued income
38,478
11,993

Amounts recoverable on long term contracts
549,870
478,947

1,489,386
1,064,243



6.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Trade creditors
550,747
530,634

Accruals and deferred income
81,123
48,739

Other taxation and social security
192,200
42,760

Other creditors
44,225
34,947

Obligations under finance lease and hire purchase contracts
289,790
152,231

Bank loans
10,000
10,000

1,168,085
819,311


The bank loan is secured by a floating charge over the property and all the assets of the company.
Hire purchase liabilities are secured against the asset.


7.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
296,928
153,948

Bank loans
2,500
12,500

299,428
166,448


Page 7

 
CARMICHAEL & BAXTER GROUNDWORKS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

8.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



10 (2024 - 10) A Ordinary shares of £1.00 each
10
10
10 (2024 - 10) B Ordinary shares of £1.00 each
10
10
10 (2024 - 10) C Ordinary shares of £1.00 each
10
10

30

30



Page 8