REGISTERED NUMBER: SC161799 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

CAMPBELL & SMITH CONSTRUCTION GROUP

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G R Blair

SECRETARY:

As Company Services Limited

REGISTERED OFFICE:

C/o Anderson Strathern LLP

58 Morrison Street

Edinburgh

EH3 8BP

REGISTERED NUMBER:

SC161799 (Scotland)

ACCOUNTANTS:

Haines Watts

Business Advisors and Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

FIXED ASSETS

Intangible assets

4

20,400

28,560

Tangible assets

5

54,844

52,968

Investments

6

4,800

4,800

80,044

86,328

CURRENT ASSETS

Stocks

40,000

30,000

Debtors

7

461,410

428,309

Cash at bank and in hand

167,178

208,752

668,588

667,061

CREDITORS

Amounts falling due within one year

8

(304,943

)

(318,918

)

NET CURRENT ASSETS

363,645

348,143

TOTAL ASSETS LESS CURRENT LIABILITIES

443,689

434,471

CREDITORS

Amounts falling due after more than one year

9

(10,266

)

(26,428

)

PROVISIONS FOR LIABILITIES

10

(1,028

)

-

NET ASSETS

432,395

408,043

CAPITAL AND RESERVES

Called up share capital

2,520

2,520

Share premium

58,680

58,680

Capital redemption reserve

7,680

7,680

Retained earnings

363,515

339,163

432,395

408,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2025 and were signed by:

G R Blair - Director

1.	STATUTORY INFORMATION

Campbell & Smith Construction Group 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Campbell & Smith Construction Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER

Turnover represents the net value of invoiced work done, excluding value added tax, relating to the provision of building contractor services.

Turnover is recognised on unbilled amounts recoverable from clients at the balance sheet date by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts where the right to receive payment is contingent on factors outside the control of the firm.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 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.

Plant and machinery

-

25% per annum reducing balance

Motor vehicles

-

25% per annum reducing balance

Computer equipment

-

25% per annum reducing balance

IMPAIRMENT OF ASSETS

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 25 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 March 2024

and 28 February 2025

40,800

AMORTISATION

At 1 March 2024

12,240

Amortisation for year

8,160

At 28 February 2025

20,400

NET BOOK VALUE

At 28 February 2025

20,400

At 29 February 2024

28,560

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

142,998

122,478

20,962

286,438

Additions

8,400

13,050

-

21,450

Disposals

-

(34,100

)

-

(34,100

)

At 28 February 2025

151,398

101,428

20,962

273,788

DEPRECIATION

At 1 March 2024

138,545

75,371

19,554

233,470

Charge for year

2,296

14,239

351

16,886

Eliminated on disposal

-

(31,412

)

-

(31,412

)

At 28 February 2025

140,841

58,198

19,905

218,944

NET BOOK VALUE

At 28 February 2025

10,557

43,230

1,057

54,844

At 29 February 2024

4,453

47,107

1,408

52,968

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

24,156

PROVISIONS

At 1 March 2024

and 28 February 2025

19,356

NET BOOK VALUE

At 28 February 2025

4,800

At 29 February 2024

4,800

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

255,079

287,663

Amounts recoverable on contract

197,991

132,811

Other debtors

8,340

7,835

461,410

428,309

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

62,541

Hire purchase contracts

6,079

5,524

Trade creditors

226,811

163,194

Taxation and social security

32,272

38,421

Other creditors

29,781

49,238

304,943

318,918

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,738

14,821

Hire purchase contracts

5,528

11,607

10,266

26,428

10.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

1,028

Deferred

tax

£

Balance at 1 March 2024

(357

)

Provided during year

1,385

Balance at 28 February 2025

1,028

11.	RELATED PARTY DISCLOSURES

Included in "Other creditors" is an amount of £2,436 (2024 - £2,436) due to the director from the company. The loan is interest free and repayable on demand.