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REGISTERED NUMBER: SC218354 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2025

for

PCF Construction Ltd.

PCF Construction Ltd. (Registered number: SC218354)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PCF Construction Ltd.

Company Information
for the Year Ended 31 May 2025







DIRECTORS: W Naylor
S Avery



SECRETARY: S Avery



REGISTERED OFFICE: Block 5, Unit 12
New Albion Industrial Estate
Glasgow
G13 4DJ



REGISTERED NUMBER: SC218354 (Scotland)



ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU



BANKERS: Bank of Scotland
836 Crow Road
Glasgow
G13 1ET

PCF Construction Ltd. (Registered number: SC218354)

Balance Sheet
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,318 308,412

CURRENT ASSETS
Stocks 20,101 4,816
Debtors 5 694,794 969,595
Cash at bank 6,710 12,228
721,605 986,639
CREDITORS
Amounts falling due within one year 6 764,805 1,227,013
NET CURRENT LIABILITIES (43,200 ) (240,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,118

68,038

CREDITORS
Amounts falling due after more than one
year

7

114,483

186,696
NET ASSETS/(LIABILITIES) 69,635 (118,658 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,535 (118,758 )
69,635 (118,658 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

PCF Construction Ltd. (Registered number: SC218354)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





S Avery - Director


PCF Construction Ltd. (Registered number: SC218354)

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

1. STATUTORY INFORMATION

PCF Construction 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.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held with banks.

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.


PCF Construction Ltd. (Registered number: SC218354)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2024 573,002
Disposals (76,295 )
At 31 May 2025 496,707
DEPRECIATION
At 1 June 2024 264,590
Charge for year 71,465
Eliminated on disposal (66,666 )
At 31 May 2025 269,389
NET BOOK VALUE
At 31 May 2025 227,318
At 31 May 2024 308,412

PCF Construction Ltd. (Registered number: SC218354)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2024 535,834
Disposals (60,000 )
Transfer to ownership (133,424 )
At 31 May 2025 342,410
DEPRECIATION
At 1 June 2024 243,614
Charge for year 53,397
Eliminated on disposal (50,371 )
Transfer to ownership (128,554 )
At 31 May 2025 118,086
NET BOOK VALUE
At 31 May 2025 224,324
At 31 May 2024 292,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Amounts recoverable on
contracts 625,954 904,372
Other debtors 68,840 65,223
694,794 969,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 62,213 82,023
Trade creditors 185,035 436,258
Taxation and social security 25,582 162,877
Other creditors 481,975 535,855
764,805 1,227,013

PCF Construction Ltd. (Registered number: SC218354)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.25 31.5.24
£    £   
Bank loans - 10,000
Hire purchase contracts (see note 8) 114,483 176,696
114,483 186,696

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
31.5.25 31.5.24
£    £   
Net obligations repayable:
Within one year 62,213 82,023
Between one and five years 114,483 176,696
176,696 258,719

Non-cancellable
operating leases
31.5.25 31.5.24
£    £   
Within one year 10,823 9,921
Between one and five years 32,469 43,292
43,292 53,213

9. ULTIMATE CONTROLLING PARTY

PCF Construction Limited is a wholly owned subsidiary of Lhanbryde Services Limited, a company registered in Scotland.