Lesterose Scotland Limited Company accounts

COMPANY REGISTRATION NUMBER: 03164383

LESTEROSE SCOTLAND LIMITED

FINANCIAL STATEMENTS

31 March 2025

LESTEROSE SCOTLAND LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Pages

Officers and professional advisers	1

Strategic report	2

Directors' report	3 to 4

Independent auditor's report to the members	5 to 8

Statement of comprehensive income	9

Statement of financial position	10

Statement of changes in equity	11

Statement of cash flows	12

Notes to the financial statements	13 to 20

LESTEROSE SCOTLAND LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	A R Stone
	D J Guildford
	P Braid
	M Blackwood
	B Holmes

Registered office	Numeric House
	98 Station Road
	Sidcup
	Kent
	DA15 7BY

Auditor	Affinia (Orpington)
	Chartered Accountants & statutory auditor
	Lynwood House
	Crofton Road
	Orpington
	Kent
	BR6 8QE

Bankers	Barclays Bank Plc
	1 Churchill Place
	Canary Wharf
	London
	E14 5HP

Solicitors	Clarkson Wright & Jakes Ltd
	Valiant House
	12 Knoll Rise
	Orpington
	BR6 0PG

LESTEROSE SCOTLAND LIMITED

STRATEGIC REPORT

YEAR ENDED 31 MARCH 2025

Strategic management The objective of this company is to be one of the largest brickwork contractors in the northern region of the UK. To achieve this objective, the company's strategy is to supply high quality finishes for brick and blockwork, architectural masonry and stonework. The company employ traditional values and methods and is committed to delivering services tailored to clients' requirements using its wealth of knowledge and skills in the construction industry.

Business Environment The company is subject to various health and safety risks due to the nature of the business. The company is totally comitted to achieving the highest level of health and safety provision throughout all areas of the group and aims to work towards achieving a working environment that is free from work-related accidents and ill health. This is regarded as an ongoing process. The company is fully aware of their environmental responsibilities and has developed their own environmental management system in accordance with the international standards ISO 14005:2019.

Business performance The level of business and the year end financial position were satisfactory, and the directors expect that the present level of activity will be sustained for the foreseeable future. The Board regards the following as key performance indicators for the company: 1. Gross profit percentage The gross profit percentage achieved in 2025 was 35.73% and in 2024 it was 25.06%. 2. The ratio of current assets to current liabilities The ratio of current assets to current liabilities at 31st March 2025 was 5.09 and at 31st March 2024 it was 4.18. The Board is comfortable to report that, whilst there have been challenges in the accounting period, due to global events and rising material prices, the company has been able to continue to operate satisfactorily and are pleased with the above results..

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

M Blackwood

Director

LESTEROSE SCOTLAND LIMITED

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:

A R Stone
D J Guildford
P Braid
M Blackwood
B Holmes

Dividends

Particulars of recommended dividends are detailed in note 13 to the financial statements.

Future developments

To gain market share and to continue to train and upskill workforce.

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; - 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.

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

M Blackwood

Director

LESTEROSE SCOTLAND LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LESTEROSE SCOTLAND LIMITED

YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Lesterose Scotland Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and the related notes, 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 profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 have 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 in relation to which 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 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 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: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the building sector; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias - investigated the rationale behind significant or unusual transactions; and - observed and identified internal controls in place, specifically around payroll and bank transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC and reviewing for evidence of correspondence with legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https:www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 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 auditor's 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.

Mark Middleton FCA

(Senior Statutory Auditor)

For and on behalf of

Affinia (Orpington)

Chartered Accountants & statutory auditor

Lynwood House

Crofton Road

Orpington

Kent

BR6 8QE

23 December 2025

LESTEROSE SCOTLAND LIMITED

STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 MARCH 2025

		2025	2024
Note		£	£
Turnover	4	15,515,609	12,291,338

Cost of sales	( 9,972,148)	( 9,210,947)
	-------------	-------------
Gross profit	5,543,461	3,080,391

Administrative expenses		( 2,081,255)	( 1,259,686)
Other operating income	5	–	72,000
		------------	------------
Operating profit	6	3,462,206	1,892,705

Interest receivable	10	83,730	27
Intercompany loan write off	11	–	9,566
		------------	------------
Profit before taxation		3,545,936	1,902,298

Taxation on ordinary activities	12	( 889,842)	( 465,788)
		------------	------------
Profit for the financial year and total comprehensive income		2,656,094	1,436,510
		------------	------------

All the activities of the company are from continuing operations.

LESTEROSE SCOTLAND LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	14		230,203	189,206

Current assets

Debtors	15	8,313,589	9,323,307
Cash at bank and in hand		6,141,654	2,530,955
		-------------	-------------
		14,455,243	11,854,262

Creditors: amounts falling due within one year	16	2,837,637		2,833,297
		-------------		-------------
Net current assets			11,617,606	9,020,965
			-------------	------------
Total assets less current liabilities			11,847,809	9,210,171

Provisions

Taxation including deferred tax	17	12,238	694
		-------------	------------
Net assets		11,835,571	9,209,477
		-------------	------------

Capital and reserves

Called up share capital	20	15,000	15,000
Share premium account	21	70,000	70,000
Profit and loss account	21	11,750,571	9,124,477
		-------------	------------
Shareholders funds		11,835,571	9,209,477
		-------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

M Blackwood

Director

Company registration number: 03164383

LESTEROSE SCOTLAND LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2025

		Called up share capital	Share premium account	Profit and loss account	Total
		£	£	£	£
At 1 April 2023		15,000	70,000	7,722,967	7,807,967

Profit for the year				1,436,510	1,436,510
		--------	--------	------------	------------
Total comprehensive income for the year		–	–	1,436,510	1,436,510

Dividends paid and payable	13	–	–	( 35,000)	( 35,000)
		--------	--------	------------	------------
Total investments by and distributions to owners		–	–	( 35,000)	( 35,000)

At 31 March 2024		15,000	70,000	9,124,477	9,209,477

Profit for the year				2,656,094	2,656,094
		--------	--------	------------	------------
Total comprehensive income for the year		–	–	2,656,094	2,656,094

Dividends paid and payable	13	–	–	( 30,000)	( 30,000)
		----	----	--------	--------
Total investments by and distributions to owners		–	–	( 30,000)	( 30,000)

		--------	--------	-------------	-------------
At 31 March 2025		15,000	70,000	11,750,571	11,835,571
		--------	--------	-------------	-------------

LESTEROSE SCOTLAND LIMITED

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	2,656,094	1,436,510

Adjustments for:
Depreciation of tangible assets	12,912	11,035
Intercompany loan write off	–	( 9,566)
Interest receivable	( 83,730)	( 27)
Loss on disposal of tangible assets	16,091	–
Taxation on ordinary activities	889,842	465,788
Accrued expenses	105,614	114,382

Changes in:
Trade and other debtors	1,009,718	933,042
Trade and other creditors	( 532,932)	408,549
	------------	------------
Cash generated from operations	4,073,609	3,359,713

Interest received	83,730	27
Tax paid	( 476,640)	( 245,534)
	------------	------------
Net cash from operating activities	3,680,699	3,114,206
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 95,000)	–
Proceeds from sale of tangible assets	25,000	–
	------------	------------
Net cash used in investing activities	( 70,000)	–
	------------	------------

Cash flows from financing activities

Repayments of loans from participating interests	–	( 1,600,000)
Payments of finance lease liabilities	–	( 14,448)
	------------	------------
Net cash used in financing activities	–	( 1,614,448)
	------------	------------

Net increase in cash and cash equivalents	3,610,699	1,499,758
Cash and cash equivalents at beginning of year	2,530,955	1,031,197
	------------	------------
Cash and cash equivalents at end of year	6,141,654	2,530,955
	------------	------------

LESTEROSE SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

These financial statements replace the original financial statements are now the statutory accounts The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the statement of comprehensive income. The financial statements are prepared in sterling, which is the functional currency of the entity .

Debtors

Debtors are initially recorded at fair value and are assessed for impairment at each year end date. If any impairments exist the debtors are re-measured to the present value of the expected future cash inflows.

Creditors

Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: The key source of estimation uncertainty is revenue recognition on long term contracts. Profits on long term contracts are accrued evenly over the life of the contract. There are two estimated factors that are used in calculating the carrying amounts, being an estimated budgeted gross profit percentage and the estimated percentage of completion. The carrying amounts of the estimated contract values as at 31st March 2025 are uninvoiced sales of £700,132 and sales in advance of £645,905.

Revenue recognition

Revenue refers to the amounts earned from the Company's principal activity; that of builders and developers. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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. 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 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. All costs in relation to the freehold building are capitalised.

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:

Freehold Buildings	-	2 % Straight line
Motor Vehicles	-	25% reducing balance

Freehold land is not depreciated.

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in statement of comprehensive income unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the statement of comprehensive income in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Construction contracts	15,515,609	12,291,338
	-------------	-------------

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

5. Other operating income

	2025	2024
	£	£
Management charges receivable	–	72,000
	----	--------

6. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	12,912	11,035
Loss on disposal of tangible assets	16,091	–
Impairment of trade debtors	95,970	2,670
	--------	--------

Operating profit or loss is the profit or loss from business operations before deduction of interest and taxes.

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	14,500	14,500
	--------	--------

8. Particulars of employees

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

	2025	2024
	No.	No.
Production staff	15	19
Administrative staff	3	3
Management staff	5	5
	----	----
	23	27
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	1,369,253	1,051,389
Social security costs	152,922	116,939
Other pension costs	353,158	190,014
	------------	------------
	1,875,333	1,358,342
	------------	------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	738,384	234,400
Company contributions to defined contribution pension plans	233,777	140,000
	---------	---------
	972,161	374,400
	---------	---------

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	247,000	137,000
	---------	---------

10. Interest receivable

	2025	2024
	£	£
Interest on cash and cash equivalents	83,730	27
	--------	----

11. Intercompany loan write off

	2025	2024
	£	£
Intercompany loan write off	–	( 9,566)
	----	-------

12. Taxation on ordinary activities

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	878,298	476,460
Adjustments in respect of prior periods	–	( 9,370)
	---------	---------
Total current tax	878,298	467,090
	---------	---------

Deferred tax:

Origination and reversal of timing differences	11,544	( 1,302)
	---------	---------
Taxation on ordinary activities	889,842	465,788
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	3,545,936	1,902,298
	------------	------------
Profit on ordinary activities by rate of tax	886,484	475,575
Adjustment to tax charge in respect of prior periods	–	( 9,370)
Effect of expenses not deductible for tax purposes	3,100	1,621
Effect of capital allowances and depreciation	( 11,286)	1,656
Effect on deferred tax	11,544	( 1,302)
Effect of intercompany loan write off	–	(2,392)
	------------	------------
Tax on profit	889,842	465,788
	------------	------------

13. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	30,000	35,000
	--------	--------

14. Tangible assets

	Land and buildings	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	120,455	136,080	256,535
Additions	–	95,000	95,000
Disposals	–	( 64,850)	( 64,850)
	---------	---------	---------
At 31 March 2025	120,455	166,230	286,685
	---------	---------	---------
Depreciation
At 1 April 2024	3,102	64,227	67,329
Charge for the year	1,033	11,879	12,912
Disposals	–	( 23,759)	( 23,759)
	---------	---------	---------
At 31 March 2025	4,135	52,347	56,482
	---------	---------	---------
Carrying amount
At 31 March 2025	116,320	113,883	230,203
	---------	---------	---------
At 31 March 2024	117,353	71,853	189,206
	---------	---------	---------

15. Debtors

	2025	2024
	£	£
Trade debtors	5,170	5,170
Amounts owed by group undertakings	6,515,227	6,515,227
Prepayments and accrued income	11,034	9,605
Amounts recoverable on contracts	1,587,221	2,503,761
Other debtors	194,937	289,544
	------------	------------
	8,313,589	9,323,307
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Amounts recoverable on contracts	314,248	271,409
	---------	---------

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Income invoiced in advance	645,905	429,155
Trade creditors	417,984	1,075,387
Amounts owed to group undertakings	70,000	40,000
Accruals and deferred income	422,998	317,384
Corporation tax	878,118	476,460
Social security and other taxes	70,729	162,868
Other creditors	331,903	332,043
	------------	------------
	2,837,637	2,833,297
	------------	------------

17. Provisions

	Deferred tax (note 18)
	£
At 1 April 2024	694
Additions	11,544
	--------
At 31 March 2025	12,238
	--------

18. Deferred tax

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

	2025	2024
	£	£
Included in provisions (note 17)	12,238	694
	--------	----

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

	2025	2024
	£	£
Accelerated capital allowances	12,238	694
	--------	----

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 353,158 (2024: £ 190,014 ).

20. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	15,000	15,000	15,000	15,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	15,000	15,000	15,000	15,000
	--------	--------	--------	--------

21. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses .

22. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	2,530,955	3,610,699	6,141,654
Debt due within one year	(40,000)	(30,000)	(70,000)
	------------	------------	------------
	2,490,955	3,580,699	6,071,654
	------------	------------	------------

LESTEROSE SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

23. Related party transactions

The company is related to KPT Solutions Limited, Tie Solutions Limited, Imperial Homes Tonbridge Limited, Lesterose Builders Limited and Multi Services Kent Limited by the virtue that the companies are under the common directorship of Mr A R Stone and Mr D J Guildford . KPT Solutions Limited: During the year, the company made purchases totalling £13,466 from KPT Solutions Limited in respect of material, tool and plant supply and hire and £60,000 in respect of management charges. At the year end, the company was owed £170 from KPT Solutions Limited and owed £70,667 to KPT Solutions Limited. These balance are included in trade debtors and trade creditors.(2024 - KPT owed £170). Tie Solutions Limited: At the year end, the company was owed £5,000 from Tie Solutions Limited and owed £328,000 to Tie Solutions Limited. These balances are included in trade debtors and other creditors.(2024 - Tie Solutions owed £5,000 and were owed £328,000). Imperial Homes Tonbridge Limited: At the year end, there were no outstanding balances between the companies. (2024 - there were no balances). Lesterose Builders Limited: During the year, the company made purchases totalling £6,597 from Lesterose Builders in respect of recharges for administration charges and Sage Construction software. At the year end, the company owed £600 to Lesterose Builders Limited. This balance is included in trade creditors. (2024 - there were no balances). Multi Services Kent Limited: During the year, the company made purchases totalling £1,524 and £5,808 in respect of management recharges and recharge of annual healthcare. At the year end, the company owed £393 to Multi Services Kent Limited. This balance is included in trade creditors.(2024 - there were no balances). All sales and purchases between Lesterose Scotland Limited and its related parties throughout the year were carried out on an arm's length basis at the standard market rate.

24. Parent company

The company's parent undertaking is Lesterose Northern Limited.

25. Ultimate parent company

The company's ultimate parent undertaking is Lesterose Northern Holdings Limited. It has included the company in its consolidated financial statements, copies of which are available from its registered office - Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.