REGISTERED NUMBER: SC052079 (Scotland)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

George Russell (Construction) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

23,941

35,910

Investments

5

1

1

23,942

35,911

CURRENT ASSETS

Stocks

202,825

195,486

Debtors

6

527,712

582,901

730,537

778,387

CREDITORS

Amounts falling due within one year

7

(405,503

)

(399,491

)

NET CURRENT ASSETS

325,034

378,896

TOTAL ASSETS LESS CURRENT LIABILITIES

348,976

414,807

CREDITORS

Amounts falling due after more than one year

8

(13,178

)

(25,281

)

NET ASSETS

335,798

389,526

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

335,698

389,426

335,798

389,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 August 2025 and were signed by:

Mr G L Russell Jnr - Director

1.	STATUTORY INFORMATION

George Russell (Construction) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC052079. The registered office is Lesliepark, Headswood, Denny, Stirlingshire, FK6 6BW.

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.

Turnover

Turnover represents net invoiced sales of services in respect of construction and landfill operations, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation

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 etc

-

25% on reducing balance and 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. 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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2024

237,871

Disposals

(16,500

)

At 5 April 2025

221,371

DEPRECIATION

At 6 April 2024

201,961

Charge for year

9,465

Eliminated on disposal

(13,996

)

At 5 April 2025

197,430

NET BOOK VALUE

At 5 April 2025

23,941

At 5 April 2024

35,910

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

Plant and

machinery

etc

£

COST

At 6 April 2024

42,289

Transfer to ownership

(24,890

)

At 5 April 2025

17,399

DEPRECIATION

At 6 April 2024

14,516

Charge for year

7,447

Transfer to ownership

(14,475

)

At 5 April 2025

7,488

NET BOOK VALUE

At 5 April 2025

9,911

At 5 April 2024

27,773

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 6 April 2024

and 5 April 2025

1

NET BOOK VALUE

At 5 April 2025

1

At 5 April 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

57,462

107,599

Amounts owed by related parties

470,250

475,302

527,712

582,901

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans and overdrafts

45,527

30,764

Hire purchase contracts

2,103

9,328

Trade creditors

19,300

32,315

Amounts owed to group undertakings

17,297

17,397

Amounts owed to related parties

119,472

151,893

Taxation and social security

79,612

74,467

Other creditors

122,192

83,327

405,503

399,491

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans

1,667

11,667

Hire purchase contracts

11,511

13,614

13,178

25,281

9.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.25

5.4.24

£

£

Hire purchase

13,614

22,942

Amounts due on hire purchase are secured over the assets to which they relate.

10.	RELATED PARTY DISCLOSURES

Amounts owed from companies under common control at the year end was £470,250 (2024: £475,302).

Amount owed to a family member of the director at the year end was £119,472 (2024: £151,893)

Rent was paid to a family member of the director of £6,000 this year (2024 - £12,000).