Campbell Building Projects Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC355396 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Campbell Building Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Campbell

A Campbell

REGISTERED OFFICE:

Craigend Steading

Campsie Glen

Glasgow

G66 7AR

REGISTERED NUMBER:

SC355396 (Scotland)

ACCOUNTANTS:

Dunellan Accountancy Limited

Unit 1

York Road

Chapelhall

Airdrie

ML6 8HW

CURRENT ASSETS

Debtors

4

50,712

50,241

CREDITORS

Amounts falling due within one year

5

93,624

92,641

NET CURRENT LIABILITIES

(42,912

)

(42,400

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,912

)

(42,400

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(43,912

)

(43,400

)

SHAREHOLDERS' FUNDS

(42,912

)

(42,400

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 November 2018 and were signed on its behalf by:

J Campbell - Director

1.	STATUTORY INFORMATION

Campbell Building Projects 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts for the year ended 31st March 2016 have been prepared on a going concern basis. The company

has the continued support of the directors and its bankers.

Turnover

Turnover represents the net invoiced sale of goods and services, excluding value added tax.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed by participating interests

47,828

47,828

VAT

2,884

2,413

50,712

50,241

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

5,161

7,633

Amounts owed to participating interests

88,425

84,970

Directors' current accounts

38

38

93,624

92,641

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a loan existed between the company and its director. At 31st March 2018 the company owed Mr

Campbell £38 (2017 £38). The loan is interest free and has no fixed terms of repayment.

7.	RELATED PARTY DISCLOSURES

At the period end a loan existed between the company and Countryside Steading Conversions Limited, a

company registered in Scotland of which Mr J S Campbell is a director and majority shareholder. At 31st March

2018 Campbell Building Projects Limited were owed £47,828 (2017 £47,828) from Countryside Steading

Conversions Limited.

At the year end a loan existed between the company and Rossie Steadings Limited, a company of which Mr J S

Campbell is a director and majority shareholder. At 31st March 2018 the company owed Rossie Steadings

Limited £88,425 (2017: £84,970).

During the year recharges of £6,545 (2017 £6,766) were charged from Campbell Building Projects to Rossie

Steadings Limited.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J Campbell.