REGISTERED NUMBER: SC176648 (Scotland)

Moray Precast Limited

Financial Statements For The Year Ended 23 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

N P Sampson

REGISTERED OFFICE:

17/19 Ashgrove Cottages

Ashgrove Road

Elgin

Moray

IV30 1UU

REGISTERED NUMBER:

SC176648 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Tangible assets

4

15,319

22,086

CURRENT ASSETS

Stocks

8,653

9,690

Debtors

5

66,402

66,896

Cash at bank

71,628

176,489

146,683

253,075

CREDITORS

Amounts falling due within one year

6

32,209

30,601

NET CURRENT ASSETS

114,474

222,474

TOTAL ASSETS LESS CURRENT LIABILITIES

129,793

244,560

PROVISIONS FOR LIABILITIES

8

2,911

3,885

NET ASSETS

126,882

240,675

CAPITAL AND RESERVES

Called up share capital

9

1,500

2,000

Capital redemption reserve

10

5,500

5,000

Retained earnings

10

119,882

233,675

SHAREHOLDERS' FUNDS

126,882

240,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 December 2024 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.

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 2 September 2025 and were signed by:

N P Sampson - Director

1.	STATUTORY INFORMATION

Moray Precast 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.

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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

4% on cost

Equipment

-

25% on cost and 25% on reducing balance

Stocks

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

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.

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 9 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

Equipment

Totals

£

£

£

COST

At 24 December 2023

70,019

112,258

182,277

Additions

-

936

936

At 23 December 2024

70,019

113,194

183,213

DEPRECIATION

At 24 December 2023

68,380

91,811

160,191

Charge for year

1,639

6,064

7,703

At 23 December 2024

70,019

97,875

167,894

NET BOOK VALUE

At 23 December 2024

-

15,319

15,319

At 23 December 2023

1,639

20,447

22,086

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.12.24

23.12.23

£

£

Trade debtors

62,395

64,081

Other debtors

4,007

2,815

66,402

66,896

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.12.24

23.12.23

£

£

Trade creditors

5,159

3,385

Taxation and social security

24,342

25,280

Other creditors

2,708

1,936

32,209

30,601

7.	SECURED DEBTS

The Bank of Scotland has a standard security over the property of the company and a Bond and floating charge over the whole assets of the company.

8.	PROVISIONS FOR LIABILITIES

23.12.24

23.12.23

£

£

Deferred tax

2,911

3,885

Deferred

tax

£

Balance at 24 December 2023

3,885

Credit to Income Statement during year

(974

)

Balance at 23 December 2024

2,911

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

23.12.24

23.12.23

value:

£

£

1,500

Ordinary 'A' Class

£1

1,500

1,500

NIL

Ordinary 'B' Class

£1

-

500

1,500

2,000

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 24 December 2023

233,675

5,000

238,675

Profit for the year

16,207

16,207

Dividends

(30,000

)

(30,000

)

Purchase of own shares

(100,000

)

500

(99,500

)

At 23 December 2024

119,882

5,500

125,382

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2023 - £38,500) were paid to the directors .

N P Sampson

is a director in the company

The director has given the company an interest free loan. There are no repayment terms.

23.12.24

23.12.23

£

£

Amount due to related party at the balance sheet date

422

19

12.	ULTIMATE CONTROLLING PARTY

The controlling party is N P Sampson.

The ultimate controlling party is N P Sampson.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moray Precast Limited for the year ended 23 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Moray Precast Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moray Precast Limited and state those matters that we have agreed to state to the director of Moray Precast Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moray Precast Limited and its director for our work or for this report.

It is your duty to ensure that Moray Precast Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moray Precast Limited. You consider that Moray Precast Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Moray Precast Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

2 September 2025