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REGISTERED NUMBER: SC315282 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

Probe Drainage Specialists Limited

Probe Drainage Specialists Limited (Registered number: SC315282)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 January 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Probe Drainage Specialists Limited

COMPANY INFORMATION

for the Year Ended 31 January 2025

| DIRECTORS: | D Walsh

| F Reid

| SECRETARY: | D Walsh

| REGISTERED OFFICE: | 9 Glasgow Road

| Paisley

| PA1 3QS

| REGISTERED NUMBER: | SC315282 (Scotland)

| ACCOUNTANTS: | John M Taylor & Co

| Chartered Accountants

| 9 Glasgow Road

| PAISLEY

| Renfrewshire

| PA1 3QS

Probe Drainage Specialists Limited (Registered number: SC315282)

BALANCE SHEET

31 January 2025

31.1.24 |  | 31.1.25 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

569,359 |  |  | Tangible assets | 5 | 513,183 |  |

| CURRENT ASSETS

25,336 |  |  | Stocks | 16,313 |  |

616,789 |  |  | Debtors | 6 | 639,185 |  |

30,316 |  |  | Cash at bank | 19,562 |  |

672,441 |  | 675,060 |  |

| CREDITORS

233,501 |  |  | Amounts falling due within one year | 7 | 266,187 |  |

438,940 |  |  | NET CURRENT ASSETS | 408,873 |  |

1,008,299 |  |  | TOTAL ASSETS LESS CURRENT LIABILITIES | 922,056 |  |

| CREDITORS

(419,568 | ) |  | Amounts falling due after more than one year | 8 | (309,762 | ) |

(96,382 | ) |  | PROVISIONS FOR LIABILITIES | (121,587 | ) |

492,349 |  |  | NET ASSETS | 490,707 |  |

| CAPITAL AND RESERVES

5,000 |  |  | Called up share capital | 10 | 5,000 |  |

487,349 |  |  | Retained earnings | 11 | 485,707 |  |

492,349 |  |  | SHAREHOLDERS' FUNDS | 490,707 |  |

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

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

Probe Drainage Specialists Limited (Registered number: SC315282)

BALANCE SHEET - continued

31 January 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:

D Walsh - Director

Probe Drainage Specialists Limited (Registered number: SC315282)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Probe Drainage Specialists 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared under the historical cost convention.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Turnover

| Turnover represents net invoiced sale of services, excluding value added tax. Contract revenue, described as turnover, is recognised when and to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the right to consideration.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant & machinery | - | 20% on reducing balance

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 20% on reducing balance

| Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

| Stocks

| Stock 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.

| Financial instruments

| Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Probe Drainage Specialists Limited (Registered number: SC315282)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 January 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

| The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

| 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 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 under operating leases are charges 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.

| Cash and cash equivalents

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

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 16 ) .

Probe Drainage Specialists Limited (Registered number: SC315282)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 January 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant & |  | and |  | Motor |  | Computer

| Totals |  | machinery |  | fittings |  | vehicles |  | equipment

£ | £ | £ | £ | £ |

| COST

| At 1 February 2024 | 839,023 |  | 652,815 |  | 1,185 |  | 179,553 |  | 5,470 |  |

| Additions | 74,754 |  | 27,200 |  | - |  | 45,985 |  | 1,569 |  |

| Disposals | (18,797 | ) | - |  | - |  | (16,999 | ) | (1,798 | ) |

| At 31 January 2025 | 894,980 |  | 680,015 |  | 1,185 |  | 208,539 |  | 5,241 |  |

| DEPRECIATION

| At 1 February 2024 | 269,664 |  | 172,834 |  | 821 |  | 93,022 |  | 2,987 |  |

| Charge for year | 120,287 |  | 80,636 |  | 121 |  | 38,808 |  | 722 |  |

| Eliminated on disposal | (8,154 | ) | - |  | - |  | (6,800 | ) | (1,354 | ) |

| At 31 January 2025 | 381,797 |  | 253,470 |  | 942 |  | 125,030 |  | 2,355 |  |

| NET BOOK VALUE

| At 31 January 2025 | 513,183 |  | 426,545 |  | 243 |  | 83,509 |  | 2,886 |  |

| At 31 January 2024 | 569,359 |  | 479,981 |  | 364 |  | 86,531 |  | 2,483 |  |

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

| Plant & |  | Motor

| Totals |  | machinery |  | vehicles

£ | £ | £ |

| COST

| At 1 February 2024 | 549,238 |  | 504,743 |  | 44,495 |  |

| Additions | 43,485 |  | - |  | 43,485 |  |

| Transfer to ownership | (11,995 | ) | (11,995 | ) | - |  |

| At 31 January 2025 | 580,728 |  | 492,748 |  | 87,980 |  |

| DEPRECIATION

| At 1 February 2024 | 110,500 |  | 87,403 |  | 23,097 |  |

| Charge for year | 76,637 |  | 61,440 |  | 15,197 |  |

| Transfer to ownership | (5,854 | ) | (5,854 | ) | - |  |

| At 31 January 2025 | 181,283 |  | 142,989 |  | 38,294 |  |

| NET BOOK VALUE

| At 31 January 2025 | 399,445 |  | 349,759 |  | 49,686 |  |

| At 31 January 2024 | 438,738 |  | 417,340 |  | 21,398 |  |

Probe Drainage Specialists Limited (Registered number: SC315282)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 January 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | 190,878 |  | 175,058 |  |

| Sundry debtors | 390,514 |  | 399,163 |  |

| Directors' current accounts | 57,793 |  | 14,890 |  |

| VAT | - |  | 20,678 |  |

| Prepayments | - |  | 7,000 |  |

639,185 |  | 616,789 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Other loans | 41,624 |  | 36,913 |  |

| Hire purchase contracts | 119,847 |  | 104,188 |  |

| Trade creditors | 42,491 |  | 64,043 |  |

| Corporation Tax | 19,883 |  | - |  |

| Social security and other taxes | 14,181 |  | 12,174 |  |

| VAT | 18,704 |  | - |  |

| Directors' current accounts | - |  | 9,557 |  |

| Accrued expenses | 9,457 |  | 6,626 |  |

266,187 |  | 233,501 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Other loans - 1-2 years | 3,775 |  | 30,211 |  |

| Other loans - 2-5 years | 100,000 |  | 103,523 |  |

| Hire purchase contracts | 205,987 |  | 285,834 |  |

309,762 |  | 419,568 |  |

9. | SECURED DEBTS

| The Royal Bank of Scotland plc has a Bond and Floating Charge over all the property and undertaking of the company

| Obligations under hire purchase contracts are secured over the assets to which they relate.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.1.25 |  | 31.1.24

| value: | £ | £ |

| 2,750 | Ordinary A | £1 | 2,750 |  | 2,750 |  |

| 2,250 | Ordinary B | £1 | 2,250 |  | 2,250 |  |

5,000 |  | 5,000 |  |

Probe Drainage Specialists Limited (Registered number: SC315282)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 January 2025

11. | RESERVES

| Retained

| earnings

£ |

| At 1 February 2024 | 487,349 |  |

| Profit for the year | 37,358 |  |

| Dividends | (39,000 | ) |

| At 31 January 2025 | 485,707 |  |

12. | ULTIMATE CONTROLLING PARTY

| The Director, D Walsh controls the company as a result of holding directly 55% of the issued ordinary share capital.