IRIS Accounts Production v25.1.3.33 SC345856 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false 50170 488 228950 244555 229713 193897 49407 50170 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC345856 2024-03-31 SC345856 2025-03-31 SC345856 2024-04-01 2025-03-31 SC345856 2023-03-31 SC345856 2023-04-01 2024-03-31 SC345856 2024-03-31 SC345856 ns15:Scotland 2024-04-01 2025-03-31 SC345856 ns14:PoundSterling 2024-04-01 2025-03-31 SC345856 ns10:Director1 2024-04-01 2025-03-31 SC345856 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC345856 ns10:SmallEntities 2024-04-01 2025-03-31 SC345856 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC345856 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC345856 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC345856 ns10:FullAccounts 2024-04-01 2025-03-31 SC345856 1 2024-04-01 2025-03-31 SC345856 ns10:Director1 41 2024-03-31 SC345856 ns10:Director1 41 2023-03-31 SC345856 ns10:Director1 41 2024-04-01 2025-03-31 SC345856 ns10:Director1 41 2023-04-01 2024-03-31 SC345856 ns10:Director1 41 2025-03-31 SC345856 ns10:Director1 41 2024-03-31 SC345856 ns10:Director2 2024-04-01 2025-03-31 SC345856 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC345856 ns5:CurrentFinancialInstruments 2025-03-31 SC345856 ns5:CurrentFinancialInstruments 2024-03-31 SC345856 ns5:Non-currentFinancialInstruments 2025-03-31 SC345856 ns5:Non-currentFinancialInstruments 2024-03-31 SC345856 ns5:ShareCapital 2025-03-31 SC345856 ns5:ShareCapital 2024-03-31 SC345856 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC345856 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC345856 ns5:ComputerSoftware 2024-04-01 2025-03-31 SC345856 ns5:LandBuildings 2024-04-01 2025-03-31 SC345856 ns5:PlantMachinery 2024-04-01 2025-03-31 SC345856 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 SC345856 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 SC345856 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 SC345856 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 SC345856 ns5:LandBuildings 2024-03-31 SC345856 ns5:PlantMachinery 2024-03-31 SC345856 ns5:LandBuildings 2025-03-31 SC345856 ns5:PlantMachinery 2025-03-31 SC345856 ns5:LandBuildings 2024-03-31 SC345856 ns5:PlantMachinery 2024-03-31 SC345856 ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 SC345856 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC345856 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC345856 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-03-31 SC345856 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-03-31 SC345856 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-03-31 SC345856 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-03-31 SC345856 ns5:HirePurchaseContracts 2025-03-31 SC345856 ns5:HirePurchaseContracts 2024-03-31 SC345856 ns5:WithinOneYear 2025-03-31 SC345856 ns5:WithinOneYear 2024-03-31 SC345856 ns5:BetweenOneFiveYears 2025-03-31 SC345856 ns5:BetweenOneFiveYears 2024-03-31 SC345856 ns5:AllPeriods 2025-03-31 SC345856 ns5:AllPeriods 2024-03-31 SC345856 ns10:Director2 2 2024-03-31 SC345856 ns10:Director2 2 2023-03-31 SC345856 ns10:Director2 2 2024-04-01 2025-03-31 SC345856 ns10:Director2 2 2023-04-01 2024-03-31 SC345856 ns10:Director2 2 2025-03-31 SC345856 ns10:Director2 2 2024-03-31

REGISTERED NUMBER: SC345856 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SCOTT FINDLAY PLUMBING AND HEATING LTD

SCOTT FINDLAY PLUMBING AND HEATING LTD (REGISTERED NUMBER: SC345856)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SCOTT FINDLAY PLUMBING AND HEATING LTD

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | S Findlay

| Mrs C E Findlay

| REGISTERED OFFICE: | 5-7 Wolseley Place

| Edinburgh

| Lothian

| EH8 7AD

| REGISTERED NUMBER: | SC345856 (Scotland)

| ACCOUNTANTS: | Mitchell Edwards

| Chartered Certified Accountants

| 24A Ainslie Place

| Edinburgh

| EH3 6AJ

| BANKERS: | Royal Bank of Scotland plc

| 12 Bridge Street

| Musselburgh

| EH21 6AH

SCOTT FINDLAY PLUMBING AND HEATING LTD (REGISTERED NUMBER: SC345856)

BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 4,396 |  | 6,726 |  |

Tangible assets | 5 | 89,574 |  | 109,324 |  |

93,970 |  | 116,050 |  |

CURRENT ASSETS

Stocks | 10,914 |  | 9,922 |  |

Debtors | 6 | 144,439 |  | 152,668 |  |

Cash at bank and in hand | 202,536 |  | 144,950 |  |

357,889 |  | 307,540 |  |

CREDITORS

Amounts falling due within one year | 7 | 364,325 |  | 352,132 |  |

NET CURRENT LIABILITIES | (6,436 | ) | (44,592 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 87,534 |  | 71,458 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (18,952 | ) | (42,529 | ) |

PROVISIONS FOR LIABILITIES | (21,441 | ) | (26,188 | ) |

NET ASSETS | 47,141 |  | 2,741 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 47,139 |  | 2,739 |  |

47,141 |  | 2,741 |  |

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.

SCOTT FINDLAY PLUMBING AND HEATING LTD (REGISTERED NUMBER: SC345856)

BALANCE SHEET - continued

31 March 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 Income Statement has not been delivered.

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

Mrs C E Findlay - Director

SCOTT FINDLAY PLUMBING AND HEATING LTD (REGISTERED NUMBER: SC345856)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Scott Findlay Plumbing and Heating 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.

| The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

| 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.

| Website costs are being amortised evenly over its estimated useful life of four years.

| Tangible fixed assets

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

| Land and buildings | - | 10% on cost

| Plant and machinery etc | - | 33% on cost, 25% on reducing balance and 10% 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.

| Financial instruments

| Bank loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

| 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.

SCOTT FINDLAY PLUMBING AND HEATING LTD (REGISTERED NUMBER: SC345856)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 23 (2024 - 21 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 16,130 |  |

| AMORTISATION

| At 1 April 2024 | 9,404 |  |

| Charge for year | 2,330 |  |

| At 31 March 2025 | 11,734 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,396 |  |

| At 31 March 2024 | 6,726 |  |

SCOTT FINDLAY PLUMBING AND HEATING LTD (REGISTERED NUMBER: SC345856)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 7,617 |  | 338,430 |  | 346,047 |  |

| Additions | - |  | 12,715 |  | 12,715 |  |

| Disposals | - |  | (127 | ) | (127 | ) |

| At 31 March 2025 | 7,617 |  | 351,018 |  | 358,635 |  |

| DEPRECIATION

| At 1 April 2024 | 3,048 |  | 233,675 |  | 236,723 |  |

| Charge for year | 762 |  | 31,703 |  | 32,465 |  |

| Eliminated on disposal | - |  | (127 | ) | (127 | ) |

| At 31 March 2025 | 3,810 |  | 265,251 |  | 269,061 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,807 |  | 85,767 |  | 89,574 |  |

| At 31 March 2024 | 4,569 |  | 104,755 |  | 109,324 |  |

| At 31 March 2025 the net book value of assets held under hire purchase contracts was £36,029 (2024: £48,039).

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

2025 | 2024 |

£ | £ |

| Trade debtors | 80,949 |  | 73,042 |  |

| Other debtors | 63,490 |  | 79,626 |  |

144,439 |  | 152,668 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 9,615 |  | 9,615 |  |

| Hire purchase contracts (see note 9) | 13,467 |  | 13,467 |  |

| Trade creditors | 131,886 |  | 109,996 |  |

| Taxation and social security | 141,706 |  | 137,296 |  |

| Other creditors | 67,651 |  | 81,758 |  |

364,325 |  | 352,132 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 6,607 |  | 16,717 |  |

| Hire purchase contracts (see note 9) | 12,345 |  | 25,812 |  |

18,952 |  | 42,529 |  |

SCOTT FINDLAY PLUMBING AND HEATING LTD (REGISTERED NUMBER: SC345856)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 13,467 |  | 13,467 |  |

| Between one and five years | 12,345 |  | 25,812 |  |

25,812 |  | 39,279 |  |

| Non-cancellable operating | leases |

2025 | 2024 |

£ | £ |

| Within one year | 26,750 |  | 31,500 |  |

| Between one and five years | 55,000 |  | 81,750 |  |

81,750 |  | 113,250 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 | 2024 |

£ | £ |

| S Findlay and Mrs C E Findlay

| Balance outstanding at start of year | 50,170 |  | (488 | ) |

| Amounts advanced | 228,950 |  | 244,555 |  |

| Amounts repaid | (229,713 | ) | (193,897 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 49,407 |  | 50,170 |  |

11. | BOUNCE BACK LOAN SCHEME

| The company borrowed £50,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.

|  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |

| < 1 year |  | 9,615 |  |  | 9,615 |

| 2-5 years |  | 6,608 |  |  | 16,717 |

| > 5 years |  | - |  |  | - |

|  | 16,223 |  |  | 26,332 |