2 1 Traquair Paving, Restoration & Installation Limited SC481630 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is The financial statements are for the 8 month period ending 31 March 2017 as the year end was changed. Comparatives are therefore not entirely comparable. Digita Accounts Production Advanced 6.30.9574.0 true SC481630 2024-04-01 2025-03-31 SC481630 2025-03-31 SC481630 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC481630 core:ShareCapital 2025-03-31 SC481630 core:CurrentFinancialInstruments 2025-03-31 SC481630 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC481630 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 SC481630 core:FurnitureFittings 2025-03-31 SC481630 core:MotorVehicles 2025-03-31 SC481630 core:OfficeEquipment 2025-03-31 SC481630 core:PlantMachinery 2025-03-31 SC481630 bus:SmallEntities 2024-04-01 2025-03-31 SC481630 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC481630 bus:FilletedAccounts 2024-04-01 2025-03-31 SC481630 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC481630 bus:RegisteredOffice 2024-04-01 2025-03-31 SC481630 bus:Director1 2024-04-01 2025-03-31 SC481630 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC481630 core:ComputerEquipment 2024-04-01 2025-03-31 SC481630 core:FurnitureFittings 2024-04-01 2025-03-31 SC481630 core:MotorVehicles 2024-04-01 2025-03-31 SC481630 core:OfficeEquipment 2024-04-01 2025-03-31 SC481630 core:PlantMachinery 2024-04-01 2025-03-31 SC481630 countries:Scotland 2024-04-01 2025-03-31 SC481630 2024-03-31 SC481630 core:FurnitureFittings 2024-03-31 SC481630 core:MotorVehicles 2024-03-31 SC481630 core:OfficeEquipment 2024-03-31 SC481630 core:PlantMachinery 2024-03-31 SC481630 2023-04-01 2024-03-31 SC481630 2024-03-31 SC481630 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC481630 core:ShareCapital 2024-03-31 SC481630 core:CurrentFinancialInstruments 2024-03-31 SC481630 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC481630 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 SC481630 core:FurnitureFittings 2024-03-31 SC481630 core:MotorVehicles 2024-03-31 SC481630 core:OfficeEquipment 2024-03-31 SC481630 core:PlantMachinery 2024-03-31 xbrli:pure iso4217:GBP

Registration number: SC481630

Traquair Paving, Restoration & Installation Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Traquair Paving, Restoration & Installation Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Traquair Paving, Restoration & Installation Limited

(Registration number: SC481630)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

138,749

121,390

Current assets

 

Debtors

5

27,495

14,480

Cash at bank and in hand

 

65,795

10,197

 

93,290

24,677

Creditors: Amounts falling due within one year

6

(168,870)

(80,418)

Net current liabilities

 

(75,580)

(55,741)

Total assets less current liabilities

 

63,169

65,649

Creditors: Amounts falling due after more than one year

6

(14,613)

(15,347)

Provisions for liabilities

(26,362)

(23,064)

Net assets

 

22,194

27,238

Capital and reserves

 

Called up share capital

105

105

Retained earnings

22,089

27,133

Shareholders' funds

 

22,194

27,238

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

 

Traquair Paving, Restoration & Installation Limited

(Registration number: SC481630)
Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 9 June 2025 and signed on its behalf by:
 

.........................................
Mr Peter Lee
Director

 

Traquair Paving, Restoration & Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Morningside
Innerleithen
Edinburgh
EH44 6QF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

 

Traquair Paving, Restoration & Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

Reducing Balance 25%

Plant and Machinery

Reducing Balance 25%

Computer Equipment

Reducing Balance 50%

Fixtures and Fittings

Reducing Balance 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

Traquair Paving, Restoration & Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Traquair Paving, Restoration & Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 1).

 

Traquair Paving, Restoration & Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

685

157,806

3,252

67,017

228,760

Additions

1,000

25,891

1,767

29,750

58,408

Disposals

-

-

-

(10,485)

(10,485)

At 31 March 2025

1,685

183,697

5,019

86,282

276,683

Depreciation

At 1 April 2024

415

72,669

1,173

33,113

107,370

Charge for the year

88

22,827

1,179

12,476

36,570

Eliminated on disposal

-

-

-

(6,006)

(6,006)

At 31 March 2025

503

95,496

2,352

39,583

137,934

Carrying amount

At 31 March 2025

1,182

88,201

2,667

46,699

138,749

At 31 March 2024

270

85,137

2,079

33,904

121,390

5

Debtors

Current

2025
£

2024
£

Trade debtors

24,716

11,293

Prepayments

1,890

3,187

Other debtors

889

-

 

27,495

14,480

 

Traquair Paving, Restoration & Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

13,979

9,904

Trade creditors

 

133,887

20,334

Taxation and social security

 

8,414

22,083

Accruals and deferred income

 

2,100

2,700

Other creditors

 

10,490

25,397

 

168,870

80,418

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

14,613

15,347