Stuart Campbell (Builders) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC298931 (Scotland)

Stuart Campbell (Builders) Limited

Financial Statements For The Year Ended 31 March 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S A Campbell

SECRETARY:

Ms S Campbell

REGISTERED OFFICE:

Upper Manbeen

Pluscarden

Elgin

Moray

IV30 8UD

REGISTERED NUMBER:

SC298931 (Scotland)

ACCOUNTANTS:

Cathedral Accountancy

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Bank of Scotland

Fochabers

PO Box 17235

Edinburgh

EH11 1YH

FIXED ASSETS

Tangible assets

4

336

373

CURRENT ASSETS

Stocks

-

2,200

Debtors

5

11,621

7,140

11,621

9,340

CREDITORS

Amounts falling due within one year

6

15,572

7,620

NET CURRENT (LIABILITIES)/ASSETS

(3,951

)

1,720

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,615

)

2,093

CREDITORS

Amounts falling due after more than one year

7

6,333

8,333

NET LIABILITIES

(9,948

)

(6,240

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(10,048

)

(6,340

)

SHAREHOLDERS' FUNDS

(9,948

)

(6,240

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 December 2022 and were signed by:

Mr S A Campbell - Director

1.	STATUTORY INFORMATION

Stuart Campbell (Builders) 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.

Equipment

-

33% on cost, 25% on cost, 20% on cost and 15% on cost

Stocks

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

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.

Going concern

The balance sheet shows that liabilities exceed assets by £9,948 including a liability to the directors of the company of £6,936. The directors of the company have confirmed that they will maintain financial support for the foreseeable future to enable the company to continue normal trading operations. The financial statements are therefore drawn up on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2021

12,582

Additions

129

At 31 March 2022

12,711

DEPRECIATION

At 1 April 2021

12,209

Charge for year

166

At 31 March 2022

12,375

NET BOOK VALUE

At 31 March 2022

336

At 31 March 2021

373

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

3,948

-

Other debtors

7,673

7,140

11,621

7,140

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

6,899

6,533

Trade creditors

-

58

Other creditors

8,673

1,029

15,572

7,620

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

6,333

8,333

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

90

Ordinary

1

90

90

10

A Ordinary

1

10

10

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2021

(6,340

)

Deficit for the year

(3,708

)

At 31 March 2022

(10,048

)

10.	RELATED PARTY DISCLOSURES

As at 1 April 2021 the director owed the company £705.During the year the company met expenditure on behalf of the director amounting to £2,643 and the director met expenditure on behalf of the company amounting to £10,284. As at 31 March 2022 the company owed the director £6,936. This loan is interest free and has no fixed terms of repayment.

The company operates from premises owned by the director of the company. Rental is paid for these premises. During the year the company paid rent of £500 (2021 - £500) to the director.