Old Plean Roofing Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC552096

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		87,569		34,469

			87,569		34,469
CURRENT ASSETS
Stocks	5	157,102		25,000
Debtors	6	27,354		54,740
Cash at bank and in hand		11,470		25,455

		195,926		105,195
Creditors: Amounts Falling Due Within One Year	7	(317,288 )		(212,247 )

NET CURRENT ASSETS (LIABILITIES)			(121,362 )		(107,052 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(33,793 )		(72,583 )

Creditors: Amounts Falling Due After More Than One Year	8		(31,402 )		(18,832 )

NET LIABILITIES			(65,195 )		(91,415 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(65,197 )		(91,417 )

SHAREHOLDERS' FUNDS			(65,195)		(91,415)

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Old Plean Roofing Ltd

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Thornton

Director

29th September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Old Plean Roofing Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC552096 . The registered office is Unit 4b, Block 4, Manor Farm Business Park, Manor Loan, Stirling, Stirlingshire, United Kingdom, FK9 5QD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	No Depreciation
Plant & Machinery	25% SLM
Motor Vehicles	25% SLM
Computer Equipment	25% SLM

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Old Plean Roofing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Average number of employees	16	16

	16	16

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	-	8,229	77,682	15,236	101,147
Additions	47,080	746	28,339	690	76,855

As at 31 December 2024	47,080	8,975	106,021	15,926	178,002

Depreciation
As at 1 January 2024	-	8,022	47,036	11,620	66,678
Provided during the period	-	213	20,721	2,821	23,755

As at 31 December 2024	-	8,235	67,757	14,441	90,433

Net Book Value
As at 31 December 2024	47,080	740	38,264	1,485	87,569

As at 1 January 2024	-	207	30,646	3,616	34,469

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Old Plean Roofing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023
	£	£
Motor Vehicles	10,624	17,271

5. Stocks

	2024	2023
	£	£
Materials	157,102	25,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	22,277	53,967
Prepayments and accrued income	3,677	773
Staff loan and advance	1,400	-

	27,354	54,740

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	8,060	2,814
Trade creditors	38,856	13,177
Bank loans and overdrafts	5,559	5,363
Other taxes and social security	1,159	4,468
VAT	1,510	11,379
Net wages	482	-
Other creditors	881	893
Pension liability	13	480
Accruals and deferred income	207	-
Directors' loan accounts	260,561	173,673

	317,288	212,247

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Old Plean Roofing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	18,802	3,832
BBL Loan more than 1 year	12,600	15,000

	31,402	18,832

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,060	2,814
Later than one year and not later than five years	18,802	3,832

	26,862	6,646

	26,862	6,646

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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