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REGISTERED NUMBER: SC103301 (Scotland)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

WEATHERPROOFING ADVISORS LIMITED

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


WEATHERPROOFING ADVISORS LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: C R Henderson
A A Grieve
J S Turner
J A Hannah
A Harvey
P Pratt
D Thornton
M A Byrne
S A Hill
S L Preston
A Smith





SECRETARY: C D G Daniels





REGISTERED OFFICE: Advisor House
West Avenue
Blantyre Industrial Estate
Blantyre
G72 0UZ





REGISTERED NUMBER: SC103301 (Scotland)





AUDITORS: Sharles Audit Limited
Statutory Auditor
29 Brandon Street
Hamilton
ML3 6DA

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Strategic Report
for the Year Ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

The principal activity of the company during the year was that of a contractor providing weatherproofing services.

REVIEW OF BUSINESS
The directors are pleased with the results achieved by the company during the year.

Based on a year to year comparison of the results of the company:

- Turnover increased to £34,237,923 from £33,726,563 last year,
- Gross profit decreased to £9,342,783 (27%) from £9,721,308 (29%), and
- Net profit decreased to £2,558,898 (7%) from £3,478,369 (10%).

The company has continued to trade profitably during the year.

The directors consider the company to be in a healthy financial position at the year end.

The company's key performance indicators are turnover, gross profit and net profit.

PRINCIPAL RISKS AND UNCERTAINTIES
The company's operations expose it to a variety of financial risks that include performance risk, credit risk, liquidity risk and price risk. The directors recognise their overall responsibility for the company's systems and internal control. The controls are designed to manage as opposed to completely eliminate risk.

The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by regularly reviewing and monitoring individual contract balances and ensuring adequate funding is in place for any given contract.

Performance risk is minimised through accurately budgeting and costing individual projects at the outset and then monitoring the performance on these projects through to completion. The performance of the company is monitored through monthly management accounts which are reviewed at regular board meetings.

Credit risk is minimised by requiring the appropriate credit checks on potential customers, working with reputable customers, agreeing regular payment terms on larger contracts and having strict credit controls. The amount of exposure to any individual customer is also assessed and controlled.

Liquidity risk is minimised through the retention of a healthy level of company reserves and funds in the bank and having facilities in place to cover all expected working capital requirements.

Price risk relating to price increases is minimised by agreeing fixed prices with individual suppliers and sourcing goods and services from multiple suppliers to ensure competitive pricing.

GOING CONCERN
The directors have assessed the company as having sufficient resources to meet the expected ongoing costs of the business for a period of at least 12 months from the date of signing the financial statements. As a result they have continued to adopt the going concern basis when preparing the financial statements.

ON BEHALF OF THE BOARD:





C R Henderson - Director


14 July 2025

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Report of the Directors
for the Year Ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of weatherproofing services.

DIVIDENDS
Interim dividends per share were paid as follows:
£3.60 - 26 April 2024
£3.60 - 31 May 2025
£33.60 - 28 June 2024
£3.60 - 26 July 2024
£3.60 - 30 August 2024
£33.60 - 27 September 2024
£3.60 - 25 October 2024
£3.60 - 29 November 2024
£33.60 - 27 December 2024
£3.60 - 31 January 2025
£3.60 - 28 February 2025
£92.97 - 28 March 2025
£222.57

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 1,669,291 .

FUTURE DEVELOPMENTS
The directors, based on current projections, are confident that the company will continue to trade profitably in the future.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

C R Henderson
A A Grieve
J S Turner
J A Hannah
A Harvey
P Pratt

Other changes in directors holding office are as follows:

D Thornton - appointed 1 July 2024

M A Byrne , S A Hill , S L Preston and A Smith were appointed as directors after 31 March 2025 but prior to the date of this report.

POST BALANCE SHEET EVENTS
There are no matters to report as post balance sheet events.

DISCLOSURE IN THE STRATEGIC REPORT
The review of the company's business and the description of the principal risks and uncertainties facing the company are disclosed in the strategic report.


WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Report of the Directors
for the Year Ended 31 March 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





C R Henderson - Director


14 July 2025

Report of the Independent Auditors to the Members of
Weatherproofing Advisors Limited

Opinion
We have audited the financial statements of Weatherproofing Advisors Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Weatherproofing Advisors Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Weatherproofing Advisors Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:
- obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework;
- inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;
- discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, the Companies Act 2006 and tax compliance regulations. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing financial statement disclosures, inspecting correspondence with local tax authorities and evaluating advice received from internal/external tax advisors.

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to health and safety. We performed audit procedures to inquire of management and those charged with governance whether the company is in compliance with these law and regulations and inspected correspondence with regulatory authorities.

The audit engagement team identified the risk of management override of controls and revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business, challenging judgments and estimates applied in the year end adjustments to account for contract revenue and expenses.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Weatherproofing Advisors Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Keith Edwards (Senior Statutory Auditor)
for and on behalf of Sharles Audit Limited
Statutory Auditor
29 Brandon Street
Hamilton
ML3 6DA

14 July 2025

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Income Statement
for the Year Ended 31 March 2025

2025 2024
Notes £    £   

TURNOVER 34,237,923 33,726,563

Cost of sales 24,895,140 24,005,255
GROSS PROFIT 9,342,783 9,721,308

Administrative expenses 6,486,105 6,012,811
OPERATING PROFIT 5 2,856,678 3,708,497

Interest receivable and similar income 60,781 29,256
2,917,459 3,737,753

Interest payable and similar expenses 6 358,561 259,384
PROFIT BEFORE TAXATION 2,558,898 3,478,369

Tax on profit 7 682,687 613,047
PROFIT FOR THE FINANCIAL YEAR 1,876,211 2,865,322

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Other Comprehensive Income
for the Year Ended 31 March 2025

2025 2024
Notes £    £   

PROFIT FOR THE YEAR 1,876,211 2,865,322


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,876,211

2,865,322

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 1,800,232 1,743,828

CURRENT ASSETS
Stocks 10 53,728 24,199
Debtors 11 5,549,676 5,531,625
Cash at bank 3,566,032 3,769,588
9,169,436 9,325,412
CREDITORS
Amounts falling due within one year 12 6,186,914 6,298,982
NET CURRENT ASSETS 2,982,522 3,026,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,782,754

4,770,258

CREDITORS
Amounts falling due after more than one
year

13

(561,424

)

(779,898

)

PROVISIONS FOR LIABILITIES 17 (286,155 ) (262,105 )
NET ASSETS 3,935,175 3,728,255

CAPITAL AND RESERVES
Called up share capital 18 7,500 7,500
Capital redemption reserve 19 7,500 7,500
Retained earnings 19 3,920,175 3,713,255
SHAREHOLDERS' FUNDS 3,935,175 3,728,255

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:




C R Henderson - Director



J S Turner - Director


WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Statement of Changes in Equity
for the Year Ended 31 March 2025

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2023 7,500 3,046,933 7,500 3,061,933

Changes in equity
Dividends - (2,199,000 ) - (2,199,000 )
Total comprehensive income - 2,865,322 - 2,865,322
Balance at 31 March 2024 7,500 3,713,255 7,500 3,728,255

Changes in equity
Dividends - (1,669,291 ) - (1,669,291 )
Total comprehensive income - 1,876,211 - 1,876,211
Balance at 31 March 2025 7,500 3,920,175 7,500 3,935,175

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

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

1. STATUTORY INFORMATION

Weatherproofing Advisors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of a contractor providing weatherproofing services.

2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The directors have assessed the company as having sufficient resources to meet the expected ongoing costs of the business for a period of at least 12 months from the date of signing the financial statements. As a result they have continued to adopt the going concern basis when preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience, knowledge of each contract and other factors that are considered to be relevant. Contract revenue and expenditure is reconciled monthly based on our understanding and forecasts. However, actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued

Turnover and revenue recognition
Turnover is derived from work done and services supplied by the company as a contractor providing various weatherproofing services.

Turnover therefore represents the value of work done and service supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

When the outcome of a construction contract can be estimated reliably and it is probable that the contract will be profitable, turnover and costs are recognised over the period of the contract.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

When the outcome of a construction contract cannot be estimated reliably, contract turnover is recognised only to the extent of contract costs that it is probable will be recovered.

Contract costs include direct costs incurred in securing the contract that can be separately identified and measured reliably, if it is probable that the contract will be obtained.

The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period usually with reference to work invoiced on a monthly basis. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded for contract costs in determining the stage of completion. Adjustments to contract sales and costs based on the stage of completion at the period end are reflected within accruals.

Revenue in relation to maintenance contracts is recognised as costs are incurred.

Retentions are recognised in revenue following an assessment of their likely recoverability.

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.
Freehold property - Straight line over 50 years
Equipment & tools - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £2,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Stocks
Consumable stocks that are not charged directly to individual contracts are valued at cost, after making due allowance for obsolete items. Cost includes all direct expenditure incurred in acquiring the stock.

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102, in full, to all of its financial instruments.

Recognition and measurement of financial instruments:
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Classification of financial instruments:
Financial instruments are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade, group and other debtors:
Trade, group and other debtors (including accrued income) which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

Where the arrangement with a debtor constitutes a financing transaction, the debtor is initially measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument and subsequently measured at amortised cost, using the effective interest method. The effective interest rate is the market rate used to determine initial measurement adjusted to amortise directly attributable transaction costs.

A provision for impairment of trade debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.

Cash and cash equivalents:
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade creditors, group and other creditors:
Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.

Where the arrangement with a creditor constitutes a financing transaction, the creditor is initially measured at the present value of future payments discounted at a market rate of interest for a similar instrument and subsequently measured at amortised cost, being transaction price less any amounts settled and the cumulative amortisation (using the effective interest method) of any difference between the amount at initial recognition and the maturity amount. The effective interest rate is the rate that discounts estimated future cash payments to the carrying amount of the financial liability.

Derecognition of financial assets and liabilities:
A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some (but not substantially all) risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.


WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued
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
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.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefit swill be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

4. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 7,348,181 6,997,037
Social security costs 837,612 792,079
Other pension costs 400,059 343,174
8,585,852 8,132,290

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2025 2024

Operatives 74 75
Directors and office staff 70 67
144 142

2025 2024
£    £   
Directors' remuneration 629,705 549,084
Directors' pension contributions to money purchase schemes 197,130 160,389

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 7 7

Information regarding the highest paid director is as follows:
2025 2024
£    £   
Emoluments etc 137,096 156,570
Pension contributions to money purchase schemes 7,656 3,728

5. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Hire of plant and machinery 2,171,847 2,279,455
Other operating leases 173,648 183,496
Depreciation - owned assets 84,278 80,900
Depreciation - assets on hire purchase contracts 280,388 157,023
Loss on disposal of fixed assets 36,532 18,358
Auditors' remuneration 9,500 8,400
Taxation compliance services 1,500 1,020

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Bank interest 28,677 5,057
Hire purchase 70,444 29,566
Invoice discounting charges 259,440 224,761
358,561 259,384

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 658,637 800,288
Prior year overprovision - (298,341 )
Total current tax 658,637 501,947

Deferred tax 24,050 111,100
Tax on profit 682,687 613,047

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 2,558,898 3,478,369
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

639,725

869,592

Effects of:
Expenses not deductible for tax purposes 40,131 40,774
Adjustments to tax charge in respect of previous periods - (298,341 )

Depreciation on assets not qualifying for capital allowances 2,831 1,022
Total tax charge 682,687 613,047

8. DIVIDENDS
2025 2024
£    £   
Ordinary shares of £1 each
Interim 1,669,291 2,199,000

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. TANGIBLE FIXED ASSETS
Freehold Equipment Motor Computer
property & tools vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 566,200 195,213 1,446,906 165,915 2,374,234
Additions - - 465,602 - 465,602
Disposals - - (209,980 ) - (209,980 )
At 31 March 2025 566,200 195,213 1,702,528 165,915 2,629,856
DEPRECIATION
At 1 April 2024 4,089 61,695 445,874 118,748 630,406
Charge for year 11,324 13,352 328,199 11,791 364,666
Eliminated on disposal - - (165,448 ) - (165,448 )
At 31 March 2025 15,413 75,047 608,625 130,539 829,624
NET BOOK VALUE
At 31 March 2025 550,787 120,166 1,093,903 35,376 1,800,232
At 31 March 2024 562,111 133,518 1,001,032 47,167 1,743,828

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 993,577
Additions 379,339
Transfer to ownership (56,124 )
At 31 March 2025 1,316,792
DEPRECIATION
At 1 April 2024 212,628
Charge for year 280,388
Transfer to ownership (70,546 )
At 31 March 2025 422,470
NET BOOK VALUE
At 31 March 2025 894,322
At 31 March 2024 780,949

10. STOCKS
2025 2024
£    £   
Raw materials 53,728 24,199

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,469,935 4,951,137
Amounts owed by group undertakings - 493,976
Other debtors 9,265 16,000
Prepayments & accrued income 70,476 70,512
5,549,676 5,531,625

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 14) - 35,000
Hire purchase contracts (see note 15) 275,928 200,411
Trade creditors 3,051,308 3,441,134
Tax 7,713 102,489
Social security and other taxes 395,563 446,574
VAT 539,847 268,582
Other creditors 139,538 151,199
Invoice discounting advance 2,336 -
Accruals & deferred income 1,774,681 1,653,593
6,186,914 6,298,982

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 14) - 303,333
Hire purchase contracts (see note 15) 561,424 476,565
561,424 779,898

14. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans - 35,000

Amounts falling due between one and two years:
Bank loans - 35,000

Amounts falling due between two and five years:
Bank loans - 105,000

Amounts falling due in more than five years:

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

14. LOANS - continued
2025 2024
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans - 163,333

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Gross obligations repayable:
Within one year 345,861 253,257
Between one and five years 625,949 548,836
971,810 802,093

Finance charges repayable:
Within one year 69,933 52,846
Between one and five years 64,525 72,271
134,458 125,117

Net obligations repayable:
Within one year 275,928 200,411
Between one and five years 561,424 476,565
837,352 676,976

Non-cancellable operating leases
2025 2024
£    £   
Within one year 265,144 189,191
Between one and five years 562,220 212,570
In more than five years - 18,250
827,364 420,011

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

16. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans - 338,333
Hire purchase contracts 837,352 676,976
Invoice discounting advance 2,336 -
839,688 1,015,309

Bank of Scotland Plc held a fixed security over a property and a floating charge over the assets of the company.

Lloyds Bank Commercial Finance Ltd held a security against specific trade debtor balances and a floating charge over the assets of the company.

Hire purchase contracts were secured over the assets concerned.

All of the above securities and related debts have been satisfied in full since the year end.

17. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 286,155 262,105

Deferred
tax
£   
Balance at 1 April 2024 262,105
Provided during year 24,050
Balance at 31 March 2025 286,155

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
7,500 Ordinary £1 7,500 7,500

19. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2024 3,713,255 7,500 3,720,755
Profit for the year 1,876,211 1,876,211
Dividends (1,669,291 ) (1,669,291 )
At 31 March 2025 3,920,175 7,500 3,927,675

WEATHERPROOFING ADVISORS LIMITED (REGISTERED NUMBER: SC103301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

20. ULTIMATE PARENT COMPANY

Prior to 31 May 2025 the ultimate parent company was WPA Construction Group Ltd. Copies of the consolidated financial statements can be obtained from its registered office at Advisor House West Avenue, Blantyre, Glasgow, United Kingdom, G72 0UZ.

From 31 May 2025 the ultimate parent company is J. & J. Denholm Ltd. Copies of this company's financial statements can be obtained from its registered office at 8th Floor, The Aspect, 12 Finsbury Square, London, EC2A 1AS.

The immediate parent company is Weatherproofing Company Ltd. Copies of this company's financial statements can be obtained from its registered office at Advisor House West Avenue, Blantyre, Glasgow, United Kingdom, G72 0UZ.

21. CONTINGENT LIABILITIES

Within the net corporation tax liability of £7,713 is a tax reclaim of £298,341 that is currently under enquiry by HMRC. The final outcome of this enquiry is unknown and could potentially result in some, all or none of this reclaim being disallowed. Any amount that was disallowed would result in an increase to the corporation tax charge and a corresponding increase in the net corporation tax liability.

22. RELATED PARTY DISCLOSURES

The company rents premises, on normal commercial terms, from the pension funds of various directors. The rent paid during the year was £18,250 (2024 - £17,535).

The company rents premises, on normal commercial terms, from a company controlled by one of the directors. The rent paid during the year was £45,000 (2024 - £nil).

No compensation was paid to key management personnel during the year. However during the year ended 31 March 2024 a total of key management personnel compensation of £ 97,009 was paid.