Company No: SC246000 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	10,000		20,000
Tangible assets	4	850,027		965,509
		860,027		985,509
Current assets
Stocks	5	135,000		159,945
Debtors	6	318,729		213,166
Cash at bank and in hand		1,111,767		989,861
		1,565,496		1,362,972
Creditors: amounts falling due within one year	7	( 211,684)		( 128,510)
Net current assets		1,353,812		1,234,462
Total assets less current liabilities		2,213,839		2,219,971
Provision for liabilities	8	( 211,442)		( 240,064)
Net assets		2,002,397		1,979,907
Capital and reserves
Called-up share capital	9	200		200
Profit and loss account		2,002,197		1,979,707
Total shareholders' funds		2,002,397		1,979,907

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of W L B (Contracts) Limited (registered number: SC246000) were approved and authorised for issue by the Board of Directors on 10 December 2025. They were signed on its behalf by:

Brian William Greig Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

W L B (Contracts) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Milbethill, Aberchirder, Huntly, AB54 7QE, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable from the provision of contracting services, and is shown net of VAT and other sales related taxes.

Turnover is recognised as the service is provided on the accruals basis.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		6

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	100,000		100,000
At 31 March 2025	100,000		100,000
Accumulated amortisation
At 01 April 2024	80,000		80,000
Charge for the financial year	10,000		10,000
At 31 March 2025	90,000		90,000
Net book value
At 31 March 2025	10,000		10,000
At 31 March 2024	20,000		20,000

4. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 April 2024	866,252		799,801		1,666,053
Additions	79,740		14,950		94,690
Disposals	( 21,739)		0		( 21,739)
At 31 March 2025	924,253		814,751		1,739,004
Accumulated depreciation
At 01 April 2024	380,344		320,200		700,544
Charge for the financial year	106,197		96,917		203,114
Disposals	( 14,681)		0		( 14,681)
At 31 March 2025	471,860		417,117		888,977
Net book value
At 31 March 2025	452,393		397,634		850,027
At 31 March 2024	485,908		479,601		965,509

5. Stocks

	2025		2024
	£		£
Stocks	135,000		135,000
Work in progress	0		24,945
	135,000		159,945

6. Debtors

	2025		2024
	£		£
Trade debtors	205,605		201,746
Corporation tax	14,981		0
Other debtors	98,143		11,420
	318,729		213,166

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	66,136		70,105
Taxation and social security	58,169		39,620
Other creditors	87,379		18,785
	211,684		128,510

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	211,442		240,064

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each	150		150
50 Ordinary A shares of £ 1.00 each	50		50
	200		200

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Directors	44,389		0

During the year an advance was made to the directors of £44,179 and £0 was repaid. Interest is charged at 2.25% on the advance. Interest accrued in the year totals £210 and there are no fixed terms of repayment.