Registration number:
Construction Management Solutions (Fife) Ltd
for the Year Ended 30 November 2025
Construction Management Solutions (Fife) Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Accountants' Report |
Construction Management Solutions (Fife) Ltd
Company Information
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Directors |
Mr Adam William Young Mr Ross Alexander Kennedy |
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Registered office |
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Accountants |
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Construction Management Solutions (Fife) Ltd
(Registration number: SC714571)
Balance Sheet as at 30 November 2025
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2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Retained earnings |
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Shareholders' deficit |
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For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Construction Management Solutions (Fife) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
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Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
It is the opinion of the directors that there is reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements for the period ended 30 November 2025.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Assets included in the balance sheet at fair value are revalued regularly to ensure that their carrying value is not materially different from their fair value at the year end, but as a minimum every five years. Increases in valuations are matched by credits to the Revaluation Reserve to recognise unrealised gains.
The Revaluation Reserve contains revaluation gains recognised since 30 November 2024 only.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
10% straight line, 33% straight line & 25% on reducing balance |
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Motor vehicles |
25% on reducing balance |
Construction Management Solutions (Fife) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Office equipment |
33% on cost |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Financial instruments
Classification
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Employees and Directors |
The average number of persons employed by the company (including directors) during the year, was
Construction Management Solutions (Fife) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Tangible assets |
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Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 December 2024 |
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Additions |
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Disposals |
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At 30 November 2025 |
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Depreciation |
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At 1 December 2024 |
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Charge for the year |
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Eliminated on disposal |
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At 30 November 2025 |
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Carrying amount |
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At 30 November 2025 |
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At 30 November 2024 |
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Revaluation
The fair value of the company's vehicles, plant and machinery was revalued on
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £
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Debtors |
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Current |
2025 |
2024 |
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Other debtors |
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Construction Management Solutions (Fife) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Hire purchase contracts |
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Current loans and borrowings
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2025 |
2024 |
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Hire purchase contracts |
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Other borrowings |
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Related party transactions |
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Transactions with directors |
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2025 |
At 1 December 2024 |
At 30 November 2025 |
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Mr Adam William Young |
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Loan |
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2024 |
At 1 December 2023 |
At 30 November 2024 |
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Mr Adam William Young |
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Loan |
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Construction Management Solutions (Fife) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
Creditors include the following amounts which are owed to individuals who were directors of the company during the year:
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2025 |
2024 |
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Mr Ross Alexander Kennedy |
16,289 |
22,145 |
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16,289 |
22,145 |
The maximum balance outstanding during the year amounted to £22,145.
The directors current accounts are repayable on demand.
Other creditors includes an amount of £29,336 (2024: £29,336) which is owed to a related party, Young Subsea Engineering Ltd, in which Adam William Young is also a director.
The loan is repayable on demand.
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Construction Management Solutions (Fife) Ltd
for the Year Ended 30 November 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Construction Management Solutions (Fife) Ltd for the year ended 30 November 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the Board of Directors of Construction Management Solutions (Fife) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Construction Management Solutions (Fife) Ltd and state those matters that we have agreed to state to the Board of Directors of Construction Management Solutions (Fife) Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Construction Management Solutions (Fife) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Construction Management Solutions (Fife) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Construction Management Solutions (Fife) Ltd. You consider that Construction Management Solutions (Fife) 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 accounts of Construction Management Solutions (Fife) 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 accounts.
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Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX