REGISTERED NUMBER: SC231397 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

WB Dodds (Building Contractors) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

9,213

16,544

CURRENT ASSETS

Stocks

125,000

125,000

Debtors

5

56,051

84,778

Investments

6

117,000

117,000

Cash at bank

537,876

437,504

835,927

764,282

CREDITORS

Amounts falling due within one year

7

(156,744

)

(128,133

)

NET CURRENT ASSETS

679,183

636,149

TOTAL ASSETS LESS CURRENT LIABILITIES

688,396

652,693

PROVISIONS FOR LIABILITIES

(1,751

)

(3,143

)

NET ASSETS

686,645

649,550

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

685,645

648,550

SHAREHOLDERS' FUNDS

686,645

649,550

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 24 June 2025 and were signed on its behalf by:

Mr D G Taylor - Director

Mr S Taylor - Director

1.	STATUTORY INFORMATION

WB Dodds (Building Contractors) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC231397. The registered office is 19 Burrell Street, Crieff, Perthshire PH7 4DT.

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 goods and services in respect of building work, excluding value added tax. Sales are recognised at the point at which the company has delivered the goods to the customer, or the service is complete.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

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.

Stock and work in progress

Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items. Cost comprises the purchase price of materials.

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.

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.

Long term contracts

The company classifies as long term those contracts where the contract activity extends over more than one accounting period.

Profit is recognised on long term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as total costs to date plus expected gross markup for that contract.

Where the amount recognised as turnover exceeds the payments on account received and receivable in respect of that contract, the balance is included in debtors as amounts recoverable on contracts. Retentions and payments on account receivable are included in trade debtors. Payments on account received in excess of the value of work done are included in creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

3,692

47,085

2,583

53,360

DEPRECIATION

At 1 April 2024

2,271

32,233

2,312

36,816

Charge for year

213

6,925

193

7,331

At 31 March 2025

2,484

39,158

2,505

44,147

NET BOOK VALUE

At 31 March 2025

1,208

7,927

78

9,213

At 31 March 2024

1,421

14,852

271

16,544

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

5,151

41,178

Amounts recoverable on contract

50,900

43,600

56,051

84,778

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Unlisted investments

117,000

117,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

67,614

54,520

Amounts owed to related parties

27,560

33,209

Taxation and social security

57,420

35,989

Other creditors

4,150

4,415

156,744

128,133

8.	RELATED PARTY TRANSACTIONS

During the year a secretarial charge of £8,000 (2024: £6,000) was paid to Messrs WB Dodds, a partnership in which the directors are both partners.

Included within creditors is an amount due to Messrs WB Dodds of £27,560 (2024: £33,209).