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REGISTERED NUMBER: SC586777 (Scotland)










Financial Statements

For The Year Ended 30 April 2025

for

Building Finishing Services Uk Ltd

Building Finishing Services Uk Ltd (Registered number: SC586777)

Contents of the Financial Statements
For The Year Ended 30 April 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Building Finishing Services Uk Ltd

Company Information
For The Year Ended 30 April 2025







DIRECTOR: C Greenshields





REGISTERED OFFICE: 9 Teal Court
Bellshill
Lanarkshire
ML4 3NN





REGISTERED NUMBER: SC586777 (Scotland)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

Building Finishing Services Uk Ltd (Registered number: SC586777)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 287,355 215,073

CURRENT ASSETS
Stocks 405,154 207,532
Debtors 5 646,334 357,326
Cash at bank 614,884 420,350
1,666,372 985,208
CREDITORS
Amounts falling due within one year 6 874,911 445,880
NET CURRENT ASSETS 791,461 539,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,078,816

754,401

CREDITORS
Amounts falling due after more than one
year

7

(140,123

)

(161,923

)

PROVISIONS FOR LIABILITIES (71,839 ) (53,768 )
NET ASSETS 866,854 538,710

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 866,754 538,610
866,854 538,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

Building Finishing Services Uk Ltd (Registered number: SC586777)

Balance Sheet - continued
30 April 2025


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 29 May 2025 and were signed by:





C Greenshields - Director


Building Finishing Services Uk Ltd (Registered number: SC586777)

Notes to the Financial Statements
For The Year Ended 30 April 2025


1. STATUTORY INFORMATION

Building Finishing Services Uk Ltd 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Building Finishing Services Uk Ltd (Registered number: SC586777)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2024 - 56 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2024 2,805 275,411 5,452 283,668
Additions 850 133,985 6,567 141,402
At 30 April 2025 3,655 409,396 12,019 425,070
DEPRECIATION
At 1 May 2024 1,227 64,210 3,158 68,595
Charge for year 607 66,298 2,215 69,120
At 30 April 2025 1,834 130,508 5,373 137,715
NET BOOK VALUE
At 30 April 2025 1,821 278,888 6,646 287,355
At 30 April 2024 1,578 211,201 2,294 215,073

Building Finishing Services Uk Ltd (Registered number: SC586777)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2024 244,748
Additions 65,990
At 30 April 2025 310,738
DEPRECIATION
At 1 May 2024 58,952
Charge for year 55,731
At 30 April 2025 114,683
NET BOOK VALUE
At 30 April 2025 196,055
At 30 April 2024 185,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 574,926 325,134
Other debtors 71,408 32,192
646,334 357,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 73,301 59,947
Trade creditors 405,267 92,083
Taxation and social security 378,761 278,104
Other creditors 7,582 5,746
874,911 445,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 833 10,833
Hire purchase contracts 139,290 151,090
140,123 161,923

Building Finishing Services Uk Ltd (Registered number: SC586777)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2025


8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 10,833 20,833
Hire purchase contracts 212,591 211,037
223,424 231,870

The Bounce back loan is supported by a 100% guarantee from the UK Government.

Hire purchase creditors are secured on the assets concerned.