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 28 February 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

9

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

Intangible assets

4

15,307

-

Tangible assets

5

29,206

35,065

Investments

6

4,800

4,800

49,313

39,865

CURRENT ASSETS

Stocks

49,000

39,000

Debtors

7

366,863

608,838

Cash at bank

318,429

286,293

734,292

934,131

CREDITORS

Amounts falling due within one year

8

423,931

310,170

NET CURRENT ASSETS

310,361

623,961

TOTAL ASSETS LESS CURRENT LIABILITIES

359,674

663,826

CREDITORS

Amounts falling due after more than one year

9

100,833

43,750

NET ASSETS

258,841

620,076

CAPITAL AND RESERVES

Called up share capital

2,520

6,520

Share premium

10

58,680

58,680

Capital redemption reserve

10

7,680

3,680

Retained earnings

10

189,961

551,196

SHAREHOLDERS' FUNDS

258,841

620,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 4 July 2022 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.

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 nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and 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 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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2021 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

15,307

At 28 February 2022

15,307

NET BOOK VALUE

At 28 February 2022

15,307

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2021

338,797

Additions

10,101

Disposals

(92,689

)

At 28 February 2022

256,209

DEPRECIATION

At 1 March 2021

303,732

Charge for year

9,919

Eliminated on disposal

(86,648

)

At 28 February 2022

227,003

NET BOOK VALUE

At 28 February 2022

29,206

At 28 February 2021

35,065

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2021

and 28 February 2022

21,156

PROVISIONS

At 1 March 2021

and 28 February 2022

16,356

NET BOOK VALUE

At 28 February 2022

4,800

At 28 February 2021

4,800

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

200,667

292,439

Amounts recoverable on

contracts

159,277

277,943

Other debtors

6,919

38,456

366,863

608,838

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

43,334

6,250

Trade creditors

244,227

205,697

Taxation and social security

93,859

61,652

Other creditors

42,511

36,571

423,931

310,170

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

100,833

43,750

10.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 March 2021

551,196

58,680

3,680

613,556

Deficit for the year

(45,107

)

(45,107

)

Dividends

(16,128

)

(16,128

)

Shares cancelled

-

-

4,000

4,000

Purchase of own shares

(300,000

)

-

-

(300,000

)

At 28 February 2022

189,961

58,680

7,680

256,321

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

4 July 2022