REGISTERED NUMBER: SC355302 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Stewart Wilson Joinery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Wilson

Mr C L Cormack

Mrs L M Wilson

REGISTERED OFFICE:

Claymires Croft

Rothiemay

Huntly

Aberdeenshire

AB54 7PH

REGISTERED NUMBER:

SC355302 (Scotland)

ACCOUNTANTS:

SBP

Accountants

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

FIXED ASSETS

Tangible assets

4

450,268

405,571

CURRENT ASSETS

Stocks

62,670

21,875

Debtors

5

293,651

123,196

Cash at bank

94,719

88,061

451,040

233,132

CREDITORS

Amounts falling due within one year

6

385,709

248,192

NET CURRENT ASSETS/(LIABILITIES)

65,331

(15,060

)

TOTAL ASSETS LESS CURRENT LIABILITIES

515,599

390,511

CREDITORS

Amounts falling due after more than one year

7

(46,683

)

(75,512

)

PROVISIONS FOR LIABILITIES

(68,883

)

(44,196

)

NET ASSETS

400,033

270,803

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

399,933

270,703

400,033

270,803

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr S Wilson - Director

1.	STATUTORY INFORMATION

Stewart Wilson Joinery Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale.

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.

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 20 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

157,380

19,483

161,641

Additions

-

3,734

19,895

Disposals

-

-

(2,103

)

At 31 March 2025

157,380

23,217

179,433

DEPRECIATION

At 1 April 2024

-

3,899

104,433

Charge for year

3,148

2,321

11,539

Eliminated on disposal

-

-

(1,990

)

At 31 March 2025

3,148

6,220

113,982

NET BOOK VALUE

At 31 March 2025

154,232

16,997

65,451

At 31 March 2024

157,380

15,584

57,208

Office

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

13,288

338,821

3,729

694,342

Additions

1,598

131,421

1,208

157,856

Disposals

-

(44,340

)

-

(46,443

)

At 31 March 2025

14,886

425,902

4,937

805,755

DEPRECIATION

At 1 April 2024

6,579

172,398

1,462

288,771

Charge for year

1,247

68,221

1,629

88,105

Eliminated on disposal

-

(19,399

)

-

(21,389

)

At 31 March 2025

7,826

221,220

3,091

355,487

NET BOOK VALUE

At 31 March 2025

7,060

204,682

1,846

450,268

At 31 March 2024

6,709

166,423

2,267

405,571

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

Motor

vehicles

£

COST

At 1 April 2024

165,030

Additions

45,200

At 31 March 2025

210,230

DEPRECIATION

At 1 April 2024

56,807

Charge for year

38,356

At 31 March 2025

95,163

NET BOOK VALUE

At 31 March 2025

115,067

At 31 March 2024

108,223

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

289,274

113,773

Other debtors

4,377

9,423

293,651

123,196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

37,440

29,997

Trade creditors

140,779

94,485

Taxation and social security

126,722

57,323

Other creditors

80,768

66,387

385,709

248,192

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

36,568

55,410

Other creditors

10,115

20,102

46,683

75,512

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Other loans

10,648

10,648

Amounts falling due between one and two years:

Other loans - 1-2 years

10,115

20,102