REGISTERED NUMBER: SC241229 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Labour Relief Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J H Clamp

Miss S Johnston

SECRETARY:

Miss S Johnston

REGISTERED OFFICE:

13 O'Connell Street

Hawick

Roxburghshire

TD9 9HT

REGISTERED NUMBER:

SC241229 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

102,383

122,089

Investment property

6

801,448

751,375

903,831

873,464

CURRENT ASSETS

Inventories

88,000

88,000

Debtors

7

1,232,523

1,000,738

Cash at bank and in hand

205,989

339,118

1,526,512

1,427,856

CREDITORS

Amounts falling due within one year

8

327,507

379,128

NET CURRENT ASSETS

1,199,005

1,048,728

TOTAL ASSETS LESS CURRENT LIABILITIES

2,102,836

1,922,192

CREDITORS

Amounts falling due after more than one year

9

(172,617

)

(181,754

)

PROVISIONS FOR LIABILITIES

(11,000

)

(14,000

)

NET ASSETS

1,919,219

1,726,438

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,919,119

1,726,338

SHAREHOLDERS' FUNDS

1,919,219

1,726,438

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

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

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 23 October 2025 and were signed on its behalf by:

J H Clamp - Director

Miss S Johnston - Director

1.	STATUTORY INFORMATION

Labour Relief 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 represents net invoiced sales of services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern

The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, these financial statement have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2024 - 51 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

150,000

AMORTISATION

At 1 April 2024

and 31 March 2025

150,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

13,500

216,177

229,677

Additions

-

8,900

8,900

Disposals

-

(1,000

)

(1,000

)

At 31 March 2025

13,500

224,077

237,577

DEPRECIATION

At 1 April 2024

-

107,588

107,588

Charge for year

-

28,090

28,090

Eliminated on disposal

-

(484

)

(484

)

At 31 March 2025

-

135,194

135,194

NET BOOK VALUE

At 31 March 2025

13,500

88,883

102,383

At 31 March 2024

13,500

108,589

122,089

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

751,375

Additions

93,304

Disposals

(43,231

)

At 31 March 2025

801,448

NET BOOK VALUE

At 31 March 2025

801,448

At 31 March 2024

751,375

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

214,587

179,819

Other debtors

1,017,936

820,919

1,232,523

1,000,738

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

20,899

33,673

Hire purchase contracts

16,991

16,991

Trade creditors

16,452

20,814

Taxation and social security

257,610

296,694

Other creditors

15,555

10,956

327,507

379,128

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

152,633

144,779

Hire purchase contracts

19,984

36,975

172,617

181,754

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

107,371

41,718

10.	SECURED DEBTS

Mortgage lenders hold floating charges over the investment property included in the financial statements.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

J H Clamp and Miss S Johnston

Balance outstanding at start of year

382,065

187,839

Amounts advanced

101,542

194,226

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

483,607

382,065

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Clamp Holdings Limited.