REGISTERED NUMBER: SC547774 (Scotland)

Financial Statements for the Year Ended 31 October 2024

for

Cairn Building Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Kerr

L G Cunningham

H J Mills

REGISTERED OFFICE:

Suite G.12 Red Tree Magenta

270 Glasgow Road

Glasgow

G73 1UZ

REGISTERED NUMBER:

SC547774 (Scotland)

ACCOUNTANTS:

David Nicholls FCCA

Brett Nicholls Associates

Herbert House

24 Herbert Street

Glasgow

G20 6NB

BANKERS:

Santander

268-270 Byres Road

Glasgow

G12 8SH

FIXED ASSETS

Tangible assets

4

1,314

4,113

CURRENT ASSETS

Stocks

5

443,554

540,530

Debtors

6

523,792

376,055

Cash at bank

47,409

18,721

1,014,755

935,306

CREDITORS

Amounts falling due within one year

7

1,022,212

896,387

NET CURRENT (LIABILITIES)/ASSETS

(7,457

)

38,919

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,143

)

43,032

CREDITORS

Amounts falling due after more than one year

8

(5,833

)

(42,777

)

PROVISIONS FOR LIABILITIES

9

(289

)

-

NET (LIABILITIES)/ASSETS

(12,265

)

255

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

10

(12,415

)

105

SHAREHOLDERS' FUNDS

(12,265

)

255

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 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.

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 31 October 2025 and were signed on its behalf by:

H J Mills - Director

1.	STATUTORY INFORMATION

Cairn Building Solutions 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.	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.

Depreciation is provided on the following basis.

- Motor Vehicles - 25% straight-line method

- Fixtures & Fittings - 25% straight-line method

- Plant & Machinery - 25% straight-line method

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Going concern

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2023

9,107

4,931

27,632

41,670

Additions

-

1,752

-

1,752

At 31 October 2024

9,107

6,683

27,632

43,422

DEPRECIATION

At 1 November 2023

6,830

4,931

25,796

37,557

Charge for year

2,277

438

1,836

4,551

At 31 October 2024

9,107

5,369

27,632

42,108

NET BOOK VALUE

At 31 October 2024

-

1,314

-

1,314

At 31 October 2023

2,277

-

1,836

4,113

5.

STOCKS

2024

2023

£

£

Work-in-progress

443,554

540,530

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

314,694

336,055

Other debtors

20,000

40,000

Directors' current accounts

141,382

-

Tax recoverable

47,716

-

523,792

376,055

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

56,937

93,333

Trade creditors

453,218

490,444

Tax

50,600

-

VAT

351,322

247,285

Other creditors

107,635

58,882

Directors' current accounts

-

4,248

Accrued expenses

2,500

2,195

1,022,212

896,387

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans - 1-2 years

5,833

22,777

Other loans - 2-5 years

-

20,000

5,833

42,777

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

289

-

Deferred

tax

£

Provided during year

289

Balance at 31 October 2024

289

The deferred taxation balance represents accelerated capital allowances.

10.

RESERVES

Retained

earnings

£

At 1 November 2023

105

Deficit for the year

(12,520

)

At 31 October 2024

(12,415

)

11.	OTHER FINANCIAL COMMITMENTS

At 31 October 2024 the company was committed to making total payments under non-cancellable operating leases of £138,154 (2023: £159,619).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following transactions with directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024

2023

£

£

D Kerr

Balance outstanding at start of year

(1,380

)

(100

)

Amounts advanced

57,699

(67,800

)

Amounts repaid

-

66,520

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

56,319

(1,380

)

L G Cunningham

Balance outstanding at start of year

(2,867

)

(28,067

)

Amounts advanced

47,506

(45,800

)

Amounts repaid

-

71,000

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

44,639

(2,867

)

H J Mills

Balance outstanding at start of year

-

-

Amounts advanced

55,424

-

Amounts repaid

(15,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,424

-

At 31 October 2024 the company had provided the directors with loans totalling £141,382 (2023: loans to the company £4,248). Interest was charges at 2.25% on these loans. There are no fixed repayment terms for these loans.