REGISTERED NUMBER: SC700178 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

THI Contracts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Miller

REGISTERED OFFICE:

Admiral House

Montgomery Place

East Kilbride

G74 4BF

REGISTERED NUMBER:

SC700178 (Scotland)

ACCOUNTANTS:

R.A.M.

Unit 17, Colvilles Park

Kelvin Industrial Estate

East Kilbride

South Lanarkshire

G75 0GZ

FIXED ASSETS

Tangible assets

4

111,392

123,411

CURRENT ASSETS

Stocks

128,478

26,581

Debtors

5

132,295

67,249

Cash at bank and in hand

40,423

7,141

301,196

100,971

CREDITORS

Amounts falling due within one year

6

270,794

106,894

NET CURRENT ASSETS/(LIABILITIES)

30,402

(5,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

141,794

117,488

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

141,793

117,487

141,794

117,488

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 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 29 August 2025 and were signed by:

Mr D Miller - Director

1.	STATUTORY INFORMATION

THI Contracts 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.

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.

Fixtures and fittings

-

10% on cost

Computer equipment

-

50% on cost

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

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 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

139,262

349

139,611

Disposals

-

(349

)

(349

)

At 31 May 2025

139,262

-

139,262

DEPRECIATION

At 1 June 2024

15,851

349

16,200

Charge for year

12,019

-

12,019

Eliminated on disposal

-

(349

)

(349

)

At 31 May 2025

27,870

-

27,870

NET BOOK VALUE

At 31 May 2025

111,392

-

111,392

At 31 May 2024

123,411

-

123,411

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

90,144

900

Other debtors

1,600

60,888

VAT

37,088

1,998

Prepayments

3,463

3,463

132,295

67,249

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

121,514

19,331

Tax

36,329

27,231

Social security and other taxes

5,909

38,307

Other creditors

56,080

20,350

Directors' current accounts

48,883

227

Accrued expenses

2,079

1,448

270,794

106,894

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Miller.