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REGISTERED NUMBER: SC065642 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)






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


HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: M Gillies





REGISTERED OFFICE: Unit 61, 23 Kyle Road
Irvine Industrial Estate
Irvine
Ayrshire
KA12 8LE





REGISTERED NUMBER: SC065642 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,965 131,603

CURRENT ASSETS
Stocks 70,915 118,000
Debtors 5 296,733 289,475
Cash at bank 212 208
367,860 407,683
CREDITORS
Amounts falling due within one year 6 244,957 276,324
NET CURRENT ASSETS 122,903 131,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,868

262,962

CREDITORS
Amounts falling due after more than one
year

7

(27,941

)

(33,824

)

PROVISIONS FOR LIABILITIES 9 (7,205 ) (7,268 )
NET ASSETS 215,722 221,870

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 210,722 216,870
215,722 221,870

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.

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2025 and were signed by:





M Gillies - Director


HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Hugh K. Gillies (Construction Engineering Services) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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 16 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 160,204 113,676 24,780 110,854 409,514
Additions - 6,250 - - 6,250
At 31 August 2024 160,204 119,926 24,780 110,854 415,764
DEPRECIATION
At 1 September 2023 66,958 96,345 18,576 96,032 277,911
Charge for year 3,204 2,358 621 3,705 9,888
At 31 August 2024 70,162 98,703 19,197 99,737 287,799
NET BOOK VALUE
At 31 August 2024 90,042 21,223 5,583 11,117 127,965
At 31 August 2023 93,246 17,331 6,204 14,822 131,603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 265,546 266,189
Other debtors 31,187 23,286
296,733 289,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 105,222 93,612
Trade creditors 79,534 114,392
Taxation and social security 30,898 29,368
Other creditors 29,303 38,952
244,957 276,324

HUGH K. GILLIES (CONSTRUCTION
ENGINEERING SERVICES) LIMITED (REGISTERED NUMBER: SC065642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 27,941 33,824

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,412 10,295

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank overdrafts 99,340 87,730

The bank overdraft is secured by a standard security over the company's property together with a floating charge over the company's other assets.

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 7,205 7,268

Deferred
tax
£   
Balance at 1 September 2023 7,268
Provided during year (63 )
Balance at 31 August 2024 7,205