REGISTERED NUMBER: SC473858 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Stephen Shaw Joinery & Building Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTOR:

S J Shaw

REGISTERED OFFICE:

c/o Farries, Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DG1 3SE

REGISTERED NUMBER:

SC473858 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

4

23,300

35,120

CURRENT ASSETS

Stocks

700

13,496

Debtors

5

11,310

1,625

Cash at bank

-

33,904

12,010

49,025

CREDITORS

Amounts falling due within one year

6

(33,539

)

(55,824

)

NET CURRENT LIABILITIES

(21,529

)

(6,799

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,771

28,321

CREDITORS

Amounts falling due after more than one year

7

(10,681

)

(11,667

)

PROVISIONS FOR LIABILITIES

(4,427

)

(6,673

)

NET (LIABILITIES)/ASSETS

(13,337

)

9,981

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(13,438

)

9,880

(13,337

)

9,981

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th December 2025 and were signed by:

S J Shaw - Director

1.	STATUTORY INFORMATION

Stephen Shaw Joinery & Building Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on reducing balance and 20% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Stocks

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

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.

Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings

Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

79,216

Additions

9,613

Disposals

(43,136

)

At 31st March 2025

45,693

DEPRECIATION

At 1st April 2024

44,096

Charge for year

3,233

Eliminated on disposal

(24,936

)

At 31st March 2025

22,393

NET BOOK VALUE

At 31st March 2025

23,300

At 31st March 2024

35,120

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

Plant and

machinery

etc

£

COST

Additions

9,100

At 31st March 2025

9,100

DEPRECIATION

Charge for year

605

At 31st March 2025

605

NET BOOK VALUE

At 31st March 2025

8,495

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,041

1,000

Other debtors

269

625

11,310

1,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,680

10,000

Hire purchase contracts and finance leases

2,973

23,604

Trade creditors

6,988

6,858

Taxation and social security

6,989

5,694

Other creditors

4,909

9,668

33,539

55,824

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,478

11,667

Hire purchase contracts and finance leases

5,203

-

10,681

11,667

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts and finance leases

8,176

23,604

The hire purchase creditors are secured on the assets on which the finance is actually outstanding.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 (2024 - £27,000) were paid to the director .

At 31st March 2025, the company owed the sum of £2,759 (2024 - £7,668) by way of a director's current account. This sum is interest free and repayable on demand.

10.	GOING CONCERN

As at the balance sheet date liabilities exceeded assets by £13,337. The director has agreed to continue to support the company and therefore, in their opinion, the company remains a going concern.