IRIS Accounts Production v25.4.0.155 SC467493 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC467493 2024-02-29 SC467493 2025-02-28 SC467493 2024-03-01 2025-02-28 SC467493 2023-02-28 SC467493 2023-03-01 2024-02-29 SC467493 2024-02-29 SC467493 ns15:Scotland 2024-03-01 2025-02-28 SC467493 ns14:PoundSterling 2024-03-01 2025-02-28 SC467493 ns10:Director1 2024-03-01 2025-02-28 SC467493 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC467493 ns10:SmallEntities 2024-03-01 2025-02-28 SC467493 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC467493 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 SC467493 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC467493 ns10:FullAccounts 2024-03-01 2025-02-28 SC467493 ns5:CurrentFinancialInstruments 2025-02-28 SC467493 ns5:CurrentFinancialInstruments 2024-02-29 SC467493 ns5:Non-currentFinancialInstruments 2025-02-28 SC467493 ns5:Non-currentFinancialInstruments 2024-02-29 SC467493 ns5:ShareCapital 2025-02-28 SC467493 ns5:ShareCapital 2024-02-29 SC467493 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC467493 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 SC467493 ns10:RegisteredOffice 2024-03-01 2025-02-28 SC467493 ns5:PlantMachinery 2024-03-01 2025-02-28 SC467493 ns5:ComputerEquipment 2024-03-01 2025-02-28 SC467493 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-02-29 SC467493 ns5:PlantMachinery 2024-02-29 SC467493 ns5:MotorVehicles 2024-02-29 SC467493 ns5:ComputerEquipment 2024-02-29 SC467493 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-03-01 2025-02-28 SC467493 ns5:MotorVehicles 2024-03-01 2025-02-28 SC467493 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-02-28 SC467493 ns5:PlantMachinery 2025-02-28 SC467493 ns5:MotorVehicles 2025-02-28 SC467493 ns5:ComputerEquipment 2025-02-28 SC467493 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-02-29 SC467493 ns5:PlantMachinery 2024-02-29 SC467493 ns5:MotorVehicles 2024-02-29 SC467493 ns5:ComputerEquipment 2024-02-29 SC467493 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-03-01 2025-02-28 SC467493 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-02-28 SC467493 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 SC467493 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29

REGISTERED NUMBER: SC467493 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Cullross Limited

Cullross Limited (Registered number: SC467493)

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

Statement of Financial Position | 1 |

Notes to the Financial Statements | 3 |

Cullross Limited (Registered number: SC467493)

Statement of Financial Position

28 February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 297,754 |  | 119,103 |  |

CURRENT ASSETS

Stocks | 5 | 940,958 |  | 327,880 |  |

Debtors | 6 | 4,344,567 |  | 6,538,098 |  |

Cash at bank | 38,826 |  | 54,577 |  |

5,324,351 |  | 6,920,555 |  |

CREDITORS

Amounts falling due within one year | 7 | 4,261,892 |  | 6,500,575 |  |

NET CURRENT ASSETS | 1,062,459 |  | 419,980 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,360,213 |  | 539,083 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (102,251 | ) | (48,803 | ) |

PROVISIONS FOR LIABILITIES | (33,708 | ) | (23,058 | ) |

NET ASSETS | 1,224,254 |  | 467,222 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 1,224,252 |  | 467,220 |  |

SHAREHOLDERS' FUNDS | 1,224,254 |  | 467,222 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Cullross Limited (Registered number: SC467493)

Statement of Financial Position - continued

28 February 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 30 November 2025 and were signed on its behalf by:

R Fletcher - Director

Cullross Limited (Registered number: SC467493)

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Cullross Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

| Registered number: | SC467493

| Registered office: | 21 Young Street

| Edinburgh

| EH2 4HU

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| Significant judgements and estimates are made in the calculations required to determine the costs to complete long term construction projects. The percentage completion, and hence the gross profit to release to the income statement, are dependent on those estimates. In the opinion of the directors, after due consideration, the estimates made at the balance sheet date are considered reasonable, however, any significant over or under estimate could materially alter the value of gross profit released.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Contract turnover includes the value of work completed during the financial year, after reference to the total sales value and stage completion of the project and including the settlement of claims arising from previous 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.

| Plant and machinery | - | 25% on cost

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stocks and work in progress (except long term contracts) are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Long term contract balances are valued at costs incurred on specific contracts, net of amounts transferred to cost of sales in respect of work recorded as turnover, less foreseeable losses and payments on account. If the ultimate profitability of a contract can be assessed with reasonable certainty, after having made prudent allowance for future risks and uncertainties, then profit is recognised in proportion to the contract work completed. Immediate provision is made for all foreseeable losses.

Cullross Limited (Registered number: SC467493)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| 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 22 (2024 - 15 ) .

Cullross Limited (Registered number: SC467493)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

4. | TANGIBLE FIXED ASSETS

| Short |  | Plant and |  | Motor |  | Computer |

| leasehold |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 March 2024 | - |  | 5,328 |  | 169,513 |  | 11,491 |  | 186,332 |  |

| Additions | 98,290 |  | - |  | 199,772 |  | 4,304 |  | 302,366 |  |

| Disposals | - |  | - |  | (2,625 | ) | - |  | (2,625 | ) |

| At 28 February 2025 | 98,290 |  | 5,328 |  | 366,660 |  | 15,795 |  | 486,073 |  |

| DEPRECIATION

| At 1 March 2024 | - |  | 4,237 |  | 59,742 |  | 3,250 |  | 67,229 |  |

| Charge for year | 32,763 |  | 273 |  | 85,574 |  | 3,136 |  | 121,746 |  |

| Eliminated on disposal | - |  | - |  | (656 | ) | - |  | (656 | ) |

| At 28 February 2025 | 32,763 |  | 4,510 |  | 144,660 |  | 6,386 |  | 188,319 |  |

| NET BOOK VALUE

| At 28 February 2025 | 65,527 |  | 818 |  | 222,000 |  | 9,409 |  | 297,754 |  |

| At 29 February 2024 | - |  | 1,091 |  | 109,771 |  | 8,241 |  | 119,103 |  |

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

| Motor

| vehicles

£ |

| COST

| Additions | 199,772 |  |

| Reclassification/transfer | 126,994 |  |

| At 28 February 2025 | 326,766 |  |

| DEPRECIATION

| Charge for year | 78,095 |  |

| Reclassification/transfer | 49,112 |  |

| At 28 February 2025 | 127,207 |  |

| NET BOOK VALUE

| At 28 February 2025 | 199,559 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Net costs less foreseeable losses | 940,958 |  | 327,880 |  |

Cullross Limited (Registered number: SC467493)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 164,570 |  | 2,159,275 |  |

| Amounts owed by group undertakings | 2,626,788 |  | 3,166,675 |  |

| Amounts owed by associates | 310,227 |  | - |  |

| Other debtors | 1,242,982 |  | 1,212,148 |  |

4,344,567 |  | 6,538,098 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 400,000 |  | - |  |

| Hire purchase contracts | 69,480 |  | 31,323 |  |

| Trade creditors | 751,835 |  | 1,546,606 |  |

| Taxation and social security | 272,249 |  | 105,452 |  |

| Other creditors | 2,768,328 |  | 4,817,194 |  |

4,261,892 |  | 6,500,575 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 102,251 |  | 48,803 |  |

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Cullross Holdings Limited.

| The ultimate controlling party is R Fletcher.