BOWERCROSS CONSTRUCTION LTD 31/03/2025 iXBRL

Company registration number: SC238062

BOWERCROSS CONSTRUCTION LTD

Trading as Bowercross Construction Ltd

Financial statements

31 March 2025

BOWERCROSS CONSTRUCTION LTD

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Statement of income and retained earnings

Statement of financial position

Statement of cash flows

Notes to the financial statements

BOWERCROSS CONSTRUCTION LTD

Directors and other information


	Directors	Joseph Gerald McGinty
		Theresa McGinty


	Secretary	Theresa McGinty


	Company number	SC238062


	Registered office	Unit 2
		Cadzow Park
		82 Muir Street
		Hamilton
		ML3 6BJ


	Business address	Unit 2
		Cadzow Park
		82 Muir Street
		Hamilton
		ML3 6BJ


	Auditor	McDaid McCullough Moore
		28/32 Clarendon Street
		Derry
		BT48 7HD
		N. Ireland




	Bankers	The Royal Bank of Scotland
		Motherwell Branch
		62 Hamilton Road
		Motherwell
		ML1 3DA

BOWERCROSS CONSTRUCTION LTD

Strategic report

Year ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

Business Review

The principal activity of the company in the year under review was that of building and of specialist civil engineering construction.

The results for the company for the year are set out on pages 10 to 12. The directors are satisfied with the performance of the company which is in line with forecasts and expectations for the period. The directors believe significant progress has been made towards achieving sustainable growth for the future.

Principal Risks and Uncertainties

Financial risk management objectives and policies

The company's operations expose it to a variety of financial risks that include the effects of price risk, credit risk and liquidity risk. The company has in place a risk management programme to monitor its exposure to financial risk. In addition the company also actively manages its cash flows to ensure it has sufficient available funds for operations and any planned expansions.

Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk to a sub committee of the board. The policies set by the board are implemented by the company's finance department.

Development and Performance

The company incurred a loss in the year to 31 March 2025, but expect to regain profitability in the coming years. The significant results achieved in the current and previous financial years are as follows: Turnover £3,915,004 (31 March 2025) £10,769,049 (31 March 2024), gross (losses)/profits £330,580 (31 March 2025) £836,268 (31 March 2024). At 31 March 2025 the company's Statement of Financial Performance showed net assets of £7,070,763 (£7,365,606 - 31 March 2024). The directors consider the results for the year and the position of the company at the year end to be satisfactory.

The company's strategic focus continues to be the maintenance and growth of its existing core business.

Financial Key Performance Indicators

The company uses the following key performance indicators to support the development, performance and position of the business: -

- Operating profit margin

- Gross margin contribution

- Sales growth

- Current ratio

All of these indicators were satisfactory in the opinion of the directors for the year.

This report was approved by the board of directors on 21 August 2025 and signed on behalf of the board by:

Joseph Gerald McGinty

Director

Theresa McGinty

Director

BOWERCROSS CONSTRUCTION LTD

Directors report

Year ended 31 March 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:

Joseph Gerald McGinty

Theresa McGinty

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Future developments

The directors are consistently on the look out for new contracts, and fully expect the organic growth of the business to continue into 2025 and beyond.

Financial instruments

The company's operations expose it to a variety of financial risks that include the effects of price risk, credit risk and liquidity risk. The company has in place a risk management programme to monitor its exposure to financial risk. In addition the company also actively manages its cash flows to ensure it has sufficient available funds for operations and any planned expansions.

Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk to a sub committee of the board. The policies set by the board are implemented by the company's finance department.

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 21 August 2025 and signed on behalf of the board by:

Joseph Gerald McGinty Theresa McGinty

Director Director

BOWERCROSS CONSTRUCTION LTD

Independent auditor's report to the members of

BOWERCROSS CONSTRUCTION LTD

Year ended 31 March 2025

Opinion

We have audited the financial statements of BOWERCROSS CONSTRUCTION LTD (the 'company') for the year ended 31 March 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Audit procedures performed included the following:- Inspecting correspondence with regulators and tax authorities;- Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;- Identifying and testing journals and the rationale behind significant or unusual transactions, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions;- Challenging assumptions and judgements made by management in their critical accounting estimates.Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.In addition, as with any audit, there remains a higher risk of non-detection of irregularities as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit, we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Patrick Moore (Senior Statutory Auditor)

For and on behalf of

McDaid McCullough Moore

Chartered Accountants and Statutory Auditor

28/32 Clarendon Street

Derry

BT48 7HD

N. Ireland

21 August 2025

BOWERCROSS CONSTRUCTION LTD

Statement of income and retained earnings

Year ended 31 March 2025

		2025	2024
	Note	£	£


Turnover	4	3,915,004	10,769,049
Cost of sales		( 3,584,424)	( 9,932,781)
		_______	_______
Gross profit		330,580	836,268

Administrative expenses		( 818,350)	( 884,153)
		_______	_______
Operating loss	5	( 487,770)	( 47,885)

Income from other fixed asset investments	9	67,899	114,293
Other interest receivable and similar income	10	57,217	52,225
		_______	_______
(Loss)/profit before taxation		( 362,654)	118,633

Tax on (loss)/profit	11	95,811	73,618
		_______	_______
(Loss)/profit for the financial year and total comprehensive income		( 266,843)	192,251
		_______	_______

Dividends declared and paid or payable during the year	12	( 28,000)	( 68,000)

Retained earnings at the start of the year		7,365,376	7,241,125
		_______	_______
Retained earnings at the end of the year		7,070,533	7,365,376
		_______	_______

All the activities of the company are from continuing operations.

BOWERCROSS CONSTRUCTION LTD

Statement of financial position

31 March 2025

			2025		2024
		Note	£	£	£	£

Fixed assets
Tangible assets		13	52,743		86,048
Investments		14	2,641,478		2,573,579
			_______		_______
				2,694,221		2,659,627

Current assets
Stocks		15	1,338,949		404,419
Debtors:
	Amounts falling due after more than one year	16	516,270		420,458
	Amounts falling due within one year	16	99,502		44,467
Cash at bank and in hand			2,726,496		4,260,561
			_______		_______
			4,681,217		5,129,905
Creditors: amounts falling due
within one year		18	( 304,675)		( 423,926)
			_______		_______
Net current assets				4,376,542		4,705,979
				_______		_______
Total assets less current liabilities				7,070,763		7,365,606

				_______		_______
Net assets				7,070,763		7,365,606
				_______		_______

Capital and reserves
Called up share capital		22		230		230
Profit and loss account		23		7,070,533		7,365,376
				_______		_______
Shareholders funds				7,070,763		7,365,606
				_______		_______

These financial statements were approved by the board of directors and authorised for issue on 21 August 2025 , and are signed on behalf of the board by:

Joseph Gerald McGinty Theresa McGinty

Director Director

Company registration number: SC238062

BOWERCROSS CONSTRUCTION LTD

Statement of cash flows

Year ended 31 March 2025

		2025	2024
	Note	£	£

Cash flows from operating activities
(Loss)/profit for the financial year		( 266,843)	192,251

Adjustments for:
Depreciation of tangible assets		36,812	39,683
Income from other fixed asset investments		( 67,899)	( 114,293)
Other interest receivable and similar income		( 57,217)	( 52,225)
Gain/(loss) on disposal of tangible assets		( 13,495)	-
Tax on loss/profit		(95,811)	( 73,618)
Accrued expenses/(income)		79,702	( 175,507)

Changes in:
Stocks		( 934,530)	1,196,238
Trade and other debtors		( 55,036)	5,288
Trade and other creditors		( 198,953)	( 8,953)
		_______	_______
Cash generated from operations		( 1,573,270)	1,008,864

Interest received		57,217	52,225
		_______	_______
Net cash (used in)/from operating activities		( 1,516,053)	1,061,089
		_______	_______

Cash flows from investing activities
Purchase of tangible assets		( 3,507)	( 34,870)
Proceeds from sale of tangible assets		13,495	-
		_______	_______
Net cash from/(used in) investing activities		9,988	( 34,870)
		_______	_______

Cash flows from financing activities
Equity dividends paid		( 28,000)	( 68,000)
		_______	_______
Net cash used in financing activities		( 28,000)	( 68,000)
		_______	_______

Net increase/(decrease) in cash and cash equivalents		( 1,534,065)	958,219
Cash and cash equivalents at beginning of year	17	4,260,561	3,302,342
		_______	_______
Cash and cash equivalents at end of year	17	2,726,496	4,260,561
		_______	_______

BOWERCROSS CONSTRUCTION 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 Bowercross Construction Ltd, Unit 2, Cadzow Park, 82 Muir Street, Hamilton, ML3 6BJ.

2. Statement of compliance

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, 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 presented in sterling which is the functional currency of the company and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Useful economic lives of tangible fixed assets The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually and are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the asset.

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	20 %	straight line

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

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Construction contracts	3,915,004	10,769,049
	_______	_______

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating loss/profit

Operating loss/profit is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	36,812	39,683
(Gain)/loss on disposal of tangible assets	( 13,495)	-
Fees payable for the audit of the financial statements	8,925	8,925
	_______	_______

6. Auditors remuneration

	2025	2024
	£	£
Fees payable to McDaid McCullough Moore
Fees payable for the audit of the financial statements	8,925	8,925
	_______	_______

7. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
Direct Costs	10	26
Administration and directors	4	4
	_______	_______
	14	30
	_______	_______

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	627,919	1,913,352
Social security costs	72,418	227,271
Other pension costs	15,924	36,192
	_______	_______
	716,261	2,176,815
	_______	_______

8. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	40,000	40,000
Company contributions to pension schemes in respect of qualifying services	826	826
	_______	_______
	40,826	40,826
	_______	_______

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	Number	Number
Defined contribution plans	2	2
	_______	_______

9. Income from other fixed asset investments

	2025	2024
	£	£
Gain/loss on FV adj to other FA investments	67,899	114,293
	_______	_______

10. Other interest receivable and similar income

	2025	2024
	£	£
Bank deposits	57,217	52,225
	_______	_______

11. Tax on loss/profit

Major components of tax income

	2025	2024
	£	£
Deferred tax:
Origination and reversal of timing differences	( 95,811)	( 73,618)
	_______	_______
Tax on loss/profit	(95,811)	( 73,618)
	_______	_______

Reconciliation of tax income

The tax assessed on the loss/profit for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

	2025	2024
	£	£
(Loss)/profit before taxation	( 362,654)	118,633
	_______	_______

(Loss)/profit multiplied by rate of tax	( 90,664)	29,658
Effect of expenses not deductible for tax purposes	192	6,252
Change in tax rates	-	( 109,528)
	_______	_______
Tax on loss/profit	(90,472)	( 73,618)
	_______	_______

12. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	28,000	68,000
	_______	_______

13. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	96,124	297,868	393,992
Additions	3,507	-	3,507
Disposals	-	( 21,360)	( 21,360)
	_______	_______	_______
At 31 March 2025	99,631	276,508	376,139
	_______	_______	_______
Depreciation
At 1 April 2024	64,899	243,045	307,944
Charge for the year	16,237	20,575	36,812
Disposals	-	( 21,360)	( 21,360)
	_______	_______	_______
At 31 March 2025	81,136	242,260	323,396
	_______	_______	_______
Carrying amount
At 31 March 2025	18,495	34,248	52,743
	_______	_______	_______
At 31 March 2024	31,225	54,823	86,048
	_______	_______	_______

14. Investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 1 April 2024	2,573,579	2,573,579
Revaluations	67,899	67,899
	_______	_______
At 31 March 2025	2,641,478	2,641,478
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	2,641,478	2,641,478
	_______	_______
At 31 March 2024	2,573,579	2,573,579
	_______	_______

Listed investments


	£	£
		At 31 March 2025
Carrying value	2,641,478	2,641,478
Market value	2,641,478	2,641,478
	_______	_______

		At 31 March 2024
Carrying value	2,573,579	2,573,579
Market value	2,573,579	2,573,579
	_______	_______

15. Stocks

	2025	2024
	£	£
Work in progress	1,338,949	404,419
	_______	_______

16. Debtors

Debtors falling due within one year are as follows:

	2025	2024
	£	£
Prepayments and accrued income	36,714	44,467
Other debtors	62,788	-
	_______	_______
	99,502	44,467
	_______	_______

Debtors falling due after one year are as follows:

	2025	2024
	£	£
Deferred tax asset (note 19)	516,270	420,458
	_______	_______

17. Cash and cash equivalents

	2025	2024
	£	£
Cash at bank and in hand	2,726,496	4,260,561
	_______	_______

18. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	63,802	61,356
Accruals and deferred income	178,440	98,738
Social security and other taxes	19,907	219,500
Director loan accounts	29,943	29,943
Other creditors	12,583	14,389
	_______	_______
	304,675	423,926
	_______	_______

The royal Bank of Scotland holds the following security: (a) Bond; and (b) Floating charge for all assets of the company.

Directors loan accounts are interest free and repayable on demand.

19. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in debtors (note 16)	516,270	420,458
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	( 10,362)	( 18,508)
Fair value adjustment of financial assets	( 276,634)	( 259,659)
Unused tax losses	454,955	454,955
Other timing differences	348,310	243,670
	_______	_______
	516,269	420,458
	_______	_______

20. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 15,924 (2024: £ 36,192 ).

21. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£
Financial assets measured at fair value through profit or loss
Listed investments	2,641,478	2,573,579
	_______	_______

Financial assets that are debt instruments measured at amortised cost
Other debtors	62,778	-
Cash at bank and in hand	2,726,496	4,260,561
	_______	_______
	2,789,274	4,260,561
	_______	_______

Financial liabilities measured at amortised cost
Trade creditors	63,802	61,356
Other creditors	12,584	14,389
	_______	_______
	76,386	75,745
	_______	_______

22. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	200	200	200	200
Class B non participating redeemable shares of £ 1.00 each	30	30	30	30
	_______	_______	_______	_______
	230	230	230	230
	_______	_______	_______	_______

23. Reserves

Profit and Loss AccountThis reserve records retained earnings and accumulated losses.

24. Analysis of changes in net debt

	At 1 April 2024	Cash flows	At 31 March 2025
	£	£	£
Cash and cash equivalents	4,260,561	(1,534,065)	2,726,496
Debt due within one year	(29,943)	-	(29,943)
	_______	_______	_______
	4,230,618	( 1,534,065)	2,696,553
	_______	_______	_______

25. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2025	2024
	£	£
Joseph Gerald McGinty	29,943	29,943
	_______	_______

26. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Joseph McGinty	14,000	68,000	( 29,943)	( 29,943)
Theresa McGinty	14,000	-	-	-
Noel McGinty	-	-	-	-
Joseph John McGinty	-	-	-	-
Edward McGinty	-	-	-	-
	_______	_______	_______	_______

Joseph McGinty, one of the directors, also received £32,183 (31 March 2024 - £30,100) in respect of rent from the company. At the end of the year, Joseph McGinty was owed £29,943 by Bowercross Construction Limited (31 March 2024 - Bowercross Construction Limited owed Joseph McGinty £29,943).Joseph McGinty owns 100% of the share capital of Strathy Contracts Ltd, a company incorporated in Scotland. During the year, Bowercross Construction Ltd made purchases of £38,700 (31 March 2024 - £39,300) from Strathy Contracts Ltd. At 31 March 2025 Bowercross Construction Limited owed Strathy Contracts Ltd £11,610 (2024 - £11,610).

27. Key management personnel

The directors collectively are considered to be the key management personnel. Amounts paid to key management personnel during the year ended 31 March 2025 totalled £43,033 (2024 - £43,009).

28. Controlling party

The directors of the company each own and control 50% of the ordinary shareholding and voting rights. Class B non participating redeemable shares do not carry any voting rights. The Directors collectively are considered to be the company's controlling party.