Silverfin false false 31/12/2024 01/01/2024 31/12/2024 A King 01/01/2006 M King 19/09/2019 W L Neil 01/11/2011 L Noon 19/09/2019 06 August 2025 The principle activity of the Company during the financial year continued to be that of steeplejack services. SC101256 2024-12-31 SC101256 bus:Director1 2024-12-31 SC101256 bus:Director2 2024-12-31 SC101256 bus:Director3 2024-12-31 SC101256 bus:Director4 2024-12-31 SC101256 2023-12-31 SC101256 core:CurrentFinancialInstruments 2024-12-31 SC101256 core:CurrentFinancialInstruments 2023-12-31 SC101256 core:Non-currentFinancialInstruments 2024-12-31 SC101256 core:Non-currentFinancialInstruments 2023-12-31 SC101256 core:ShareCapital 2024-12-31 SC101256 core:ShareCapital 2023-12-31 SC101256 core:CapitalRedemptionReserve 2024-12-31 SC101256 core:CapitalRedemptionReserve 2023-12-31 SC101256 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC101256 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC101256 core:Vehicles 2023-12-31 SC101256 core:FurnitureFittings 2023-12-31 SC101256 core:Vehicles 2024-12-31 SC101256 core:FurnitureFittings 2024-12-31 SC101256 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 SC101256 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 SC101256 bus:OrdinaryShareClass1 2024-12-31 SC101256 2024-01-01 2024-12-31 SC101256 bus:FilletedAccounts 2024-01-01 2024-12-31 SC101256 bus:SmallEntities 2024-01-01 2024-12-31 SC101256 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC101256 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC101256 bus:Director1 2024-01-01 2024-12-31 SC101256 bus:Director2 2024-01-01 2024-12-31 SC101256 bus:Director3 2024-01-01 2024-12-31 SC101256 bus:Director4 2024-01-01 2024-12-31 SC101256 core:Vehicles core:TopRangeValue 2024-01-01 2024-12-31 SC101256 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 SC101256 2023-01-01 2023-12-31 SC101256 core:Vehicles 2024-01-01 2024-12-31 SC101256 core:FurnitureFittings 2024-01-01 2024-12-31 SC101256 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 SC101256 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 SC101256 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC101256 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC101256 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC101256 (Scotland)

NORTHERN STEEPLEJACKS (EDINBURGH) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

NORTHERN STEEPLEJACKS (EDINBURGH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

NORTHERN STEEPLEJACKS (EDINBURGH) LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
NORTHERN STEEPLEJACKS (EDINBURGH) LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 130,652 113,730
130,652 113,730
Current assets
Stocks 3,500 3,500
Debtors 4 1,829,344 1,939,088
Cash at bank and in hand 45,634 25,421
1,878,478 1,968,009
Creditors: amounts falling due within one year 5 ( 476,633) ( 531,004)
Net current assets 1,401,845 1,437,005
Total assets less current liabilities 1,532,497 1,550,735
Creditors: amounts falling due after more than one year 6 ( 48,790) ( 60,240)
Provision for liabilities ( 23,824) ( 19,110)
Net assets 1,459,883 1,471,385
Capital and reserves
Called-up share capital 7 2,000 2,000
Capital redemption reserve 3,000 3,000
Profit and loss account 1,454,883 1,466,385
Total shareholder's funds 1,459,883 1,471,385

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Northern Steeplejacks (Edinburgh) Limited (registered number: SC101256) were approved and authorised for issue by the Board of Directors on 06 August 2025. They were signed on its behalf by:

A King
Director
NORTHERN STEEPLEJACKS (EDINBURGH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
NORTHERN STEEPLEJACKS (EDINBURGH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Northern Steeplejacks (Edinburgh) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 7 Newbattle Road, Newtongrange, Midlothian, EH22 4RA, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for steeplejack services net of VAT.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 4 years straight line
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account (if any).

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the Company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 25 27

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 January 2024 238,563 13,063 251,626
Additions 67,178 4,575 71,753
Disposals ( 39,734) ( 703) ( 40,437)
At 31 December 2024 266,007 16,935 282,942
Accumulated depreciation
At 01 January 2024 131,481 6,415 137,896
Charge for the financial year 51,613 2,562 54,175
Disposals ( 39,734) ( 47) ( 39,781)
At 31 December 2024 143,360 8,930 152,290
Net book value
At 31 December 2024 122,647 8,005 130,652
At 31 December 2023 107,082 6,648 113,730

4. Debtors

2024 2023
£ £
Trade debtors 285,515 357,953
Amounts owed by Parent undertakings 1,540,738 1,577,081
Other debtors 3,091 4,054
1,829,344 1,939,088

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 160,594 264,562
Trade creditors 29,527 27,563
Taxation and social security 214,059 170,387
Obligations under finance leases and hire purchase contracts 51,798 40,439
Other creditors 20,655 28,053
476,633 531,004

Net obligations under hire purchase contracts amounting to £51,798 (2023 - £40,439 ) are secured over the asset which the agreement relates to.

Bank loans and overdrafts are secured by a floating charge over all property and assets, present and future, including uncalled capital.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 4,232 14,076
Obligations under finance leases and hire purchase contracts 44,558 46,164
48,790 60,240

Net obligations under hire purchase contracts amounting to £44,558 (2023 - £46,164) are secured over the asset which the agreement relates to.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 1.00 each 2,000 2,000

8. Financial commitments

Other financial commitments

2024 2023
£ £
Total commitments under non-cancellable operating leases not provided for in the accounts 250,833 285,833

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts due from entities with control, joint control or significant influence over the company 1,540,738 1,577,081

The above loan is not secured, interest-free and repayable on demand.

10. Ultimate controlling party

The ultimate controlling party is Mr A King. The Company is a wholly owned subsidiary of NSJ Group Limited, a company incorporated in Scotland.

The registered office of the company is 7 Newbattle Road, Newtongrange, Dalkeith, Midlothian, Scotland, EH22 4RA. Mr A King is the majority shareholder and holds 80% of the share capital of NSJ Group Limited.