Campbell&SmithConstruction Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC161799 (Scotland)

Campbell & Smith Construction

Group Limited

Unaudited Financial Statements

for the Year Ended 29 February 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Blair

SECRETARY:

AS Company Services Limited

REGISTERED OFFICE:

1 Rutland Court

Edinburgh

EH3 8EY

REGISTERED NUMBER:

SC161799 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland plc

36 St Andrew Square

Edinburgh

EH2 2AD

FIXED ASSETS

Tangible assets

4

117,814

129,714

Investments

5

4,800

4,800

122,614

134,514

CURRENT ASSETS

Stocks

39,000

49,000

Debtors

6

552,509

451,438

Cash at bank

301,392

525,405

892,901

1,025,843

CREDITORS

Amounts falling due within one year

7

517,492

716,538

NET CURRENT ASSETS

375,409

309,305

TOTAL ASSETS LESS CURRENT LIABILITIES

498,023

443,819

CAPITAL AND RESERVES

Called up share capital

6,520

6,520

Share premium

58,680

58,680

Capital redemption reserve

3,680

3,680

Retained earnings

429,143

374,939

SHAREHOLDERS' FUNDS

498,023

443,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2020 and were signed by:

G 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.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

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 has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and

subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

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

The financial statements have been prepared on the going concern principle which assumes that

the

company will continue to trade in the foreseeable future. The directors going concern assessment

includes the expected impact of COVID-19 to the company for a period of at least 12 months from

the date of signing of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2019 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2019

140,000

332,297

472,297

Additions

-

6,500

6,500

At 29 February 2020

140,000

338,797

478,797

DEPRECIATION

At 1 March 2019

66,150

276,433

342,583

Charge for year

2,800

15,600

18,400

At 29 February 2020

68,950

292,033

360,983

NET BOOK VALUE

At 29 February 2020

71,050

46,764

117,814

At 28 February 2019

73,850

55,864

129,714

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2019

and 29 February 2020

21,156

PROVISIONS

At 1 March 2019

and 29 February 2020

16,356

NET BOOK VALUE

At 29 February 2020

4,800

At 28 February 2019

4,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

417,009

280,184

Amounts recoverable on

contracts

123,612

160,424

Other debtors

11,888

10,830

552,509

451,438

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

161,221

346,966

Taxation and social security

93,726

82,224

Other creditors

262,545

287,348

517,492

716,538

8.	POST BALANCE SHEET EVENTS

The property was removed from the company after the balance sheet date at a value of £225,000.