REGISTERED NUMBER: SC602277 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

VX2 CONSTRUCTION LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

J Durie

REGISTERED OFFICE:

Harelawside Lodge The Paddock

Harelawside

Grantshouse

Berwickshire

TD11 3RP

REGISTERED NUMBER:

SC602277 (Scotland)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VX2 Construction Ltd for the year ended 31 May 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of VX2 Construction Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of VX2 Construction Ltd and state those matters that we have agreed to state to the director of VX2 Construction Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VX2 Construction Ltd and its director for our work or for this report.

It is your duty to ensure that VX2 Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of VX2 Construction Ltd. You consider that VX2 Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of VX2 Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

19 November 2025

FIXED ASSETS

Tangible assets

4

71,104

80,040

CURRENT ASSETS

Stocks

27,894

45,301

Debtors

5

100,403

10,213

Cash at bank

57,257

49,985

185,554

105,499

CREDITORS

Amounts falling due within one year

6

114,240

93,750

NET CURRENT ASSETS

71,314

11,749

TOTAL ASSETS LESS CURRENT LIABILITIES

142,418

91,789

CREDITORS

Amounts falling due after more than one year

7

(3,853

)

(23,620

)

PROVISIONS FOR LIABILITIES

(12,089

)

(10,658

)

NET ASSETS

126,476

57,511

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

126,376

57,411

SHAREHOLDERS' FUNDS

126,476

57,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2025 and were signed by:

J Durie - Director

1.	STATUTORY INFORMATION

VX2 Construction 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.

The company has prepared accounts for 10 months, moving the year end to 31 May, this is to enable better financial planning in the future. Comparative figures are for the 12 months ended 31 July 2020.

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

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

-

20% on reducing balance and 15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 4 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 Profit and Loss Account, 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

24,422

24,459

67,384

2,433

118,698

Additions

-

3,548

-

-

3,548

At 31 May 2025

24,422

28,007

67,384

2,433

122,246

DEPRECIATION

At 1 June 2024

476

8,233

28,204

1,745

38,658

Charge for year

1,197

2,974

7,836

477

12,484

At 31 May 2025

1,673

11,207

36,040

2,222

51,142

NET BOOK VALUE

At 31 May 2025

22,749

16,800

31,344

211

71,104

At 31 May 2024

23,946

16,226

39,180

688

80,040

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

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

26,195

DEPRECIATION

At 1 June 2024

2,922

Charge for year

4,655

At 31 May 2025

7,577

NET BOOK VALUE

At 31 May 2025

18,618

At 31 May 2024

23,273

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

92,427

10,213

Other debtors

7,976

-

100,403

10,213

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts

7,080

7,080

Hire purchase contracts

7,512

7,512

Trade creditors

30,093

26,077

Taxation and social security

36,783

39,893

Other creditors

32,772

13,188

114,240

93,750

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans

649

7,841

Hire purchase contracts

3,204

10,716

Other creditors

-

5,063

3,853

23,620