Ingram Builders Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC277658

Ingram Builders Ltd.

Filleted Unaudited Financial Statements

31 March 2025

Ingram Builders Ltd.

Financial Statements

Year ended 31 March 2025

Contents	Page

Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of ingram builders ltd.	1

Statement of financial position	2

Notes to the financial statements	4

Ingram Builders Ltd.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Ingram Builders Ltd.

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ingram Builders Ltd. for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Ingram Builders Ltd., as a body, in accordance with the terms of our engagement letter dated 14 June 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Ingram Builders Ltd. and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ingram Builders Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ingram Builders Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ingram Builders Ltd.. You consider that Ingram Builders Ltd. is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Ingram Builders Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RITSONS Chartered Accountants

103 High Street Forres IV36 1AA

3 December 2025

Ingram Builders Ltd.

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		187,102	181,691

Current assets

Stocks		430,724	459,527
Debtors	7	77,937	126,625
Cash at bank and in hand		142,798	64,331
		---------	---------
		651,459	650,483

Creditors: amounts falling due within one year	8	484,946		494,594
		---------		---------
Net current assets			166,513	155,889
			---------	---------
Total assets less current liabilities			353,615	337,580

Provisions	46,008	44,519
	---------	---------
Net assets	307,607	293,061
	---------	---------

Ingram Builders Ltd.

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	307,507	292,961
	---------	---------
Shareholders funds	307,607	293,061
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 1 December 2025 , and are signed on behalf of the board by:

Mr Stewart Masson Ingram	Mrs S C Ingram
Director	Director

Company registration number: SC277658

Ingram Builders Ltd.

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Quarryridge, Dallas, Forres, Moray, IV36 2RW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and Buildings	-	15% reducing balance
Plant and Equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates defined contributions pension schemes and the pension charge represents the amount payable by the company to the funds in respect of the year. The amount of contributions paid under the scheme is £8,281 (2024 £8,495).

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 12 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	53,000
	--------
Amortisation
At 1 April 2024 and 31 March 2025	53,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	13,268	427,980	199,652	1,091	641,991
Additions	–	14,715	41,188	–	55,903
Disposals	–	( 9,026)	( 23,851)	–	( 32,877)
	--------	---------	---------	-------	---------
At 31 March 2025	13,268	433,669	216,989	1,091	665,017
	--------	---------	---------	-------	---------
Depreciation
At 1 April 2024	9,653	281,794	167,838	1,015	460,300
Charge for the year	542	23,559	16,841	11	40,953
Disposals	–	( 5,131)	( 18,207)	–	( 23,338)
	--------	---------	---------	-------	---------
At 31 March 2025	10,195	300,222	166,472	1,026	477,915
	--------	---------	---------	-------	---------
Carrying amount
At 31 March 2025	3,073	133,447	50,517	65	187,102
	--------	---------	---------	-------	---------
At 31 March 2024	3,615	146,186	31,814	76	181,691
	--------	---------	---------	-------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	47,491	94,729
Other debtors	30,446	31,896
	--------	---------
	77,937	126,625
	--------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	24,306	36,176
Corporation tax	13,311	9,380
Social security and other taxes	9,216	9,667
Other creditors	438,113	439,371
	---------	---------
	484,946	494,594
	---------	---------

9. Directors' advances, credits and guarantees

As at 31 March 2025 the company owed Mr S M Ingram, director, £435,510 (2024 £360,510). This loan has no fixed repayment terms and is interest free.