REGISTERED NUMBER: SC183133

SELECT BUILDING ENGINEERING SERVICES

LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

50,142

55,772

Investments

5

234,911

224,741

285,053

280,513

CURRENT ASSETS

Debtors

6

368,574

380,157

Cash at bank

1,799,391

1,561,162

2,167,965

1,941,319

CREDITORS

Amounts falling due within one year

7

322,761

154,762

NET CURRENT ASSETS

1,845,204

1,786,557

TOTAL ASSETS LESS CURRENT LIABILITIES

2,130,257

2,067,070

CREDITORS

Amounts falling due after more than one year

8

(5,536

)

(19,653

)

PROVISIONS FOR LIABILITIES

(21,264

)

(7,859

)

NET ASSETS

2,103,457

2,039,558

CAPITAL AND RESERVES

Called up share capital

1,002

1,000

Fair value reserve

26,183

20,040

Retained earnings

2,076,272

2,018,518

SHAREHOLDERS' FUNDS

2,103,457

2,039,558

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mr J Brannan - Director

1.	STATUTORY INFORMATION

Select Building Engineering Services Limited is a private company, limited by shares, registered in Scotland. The company's registered address is 79 Bowman Street, Glasgow, G42 8LF.

The presentation currency of the financial statements is Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from the standard. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Judgements

The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

Turnover

Turnover, exclusive of value added tax, represents the amount receivable for work completed, services provided and, in respect of long term contracts, the sales value of work done in the year. The company's policy is to recognise income when substantively all the risks and rewards in connection with the services provided have been passed to the buyer.

Long term work in progress

Long term contracts are reflected in the profit and loss account by recording turnover and related costs as activity progresses. Turnover represents net costs plus attributable profit, estimated to have been earned, less foreseeable losses. Turnover in excess of payments on account is separately disclosed in debtors as amounts recoverable on contracts. Payments on account that exceed turnover are included in creditors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from related parties and bank loans.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities

Fixed asset investments

Equity investments are recognised initially at fair value which is normally the transaction price (but excludes any transaction costs). Subsequently, they are measured at fair value through profit and loss. Gains or losses arising on revaluation are then transferred from profit and loss reserves to a non-distributable fair value reserve in the balance sheet.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider it to be more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the average tax rates which would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

68,698

DEPRECIATION

At 1 April 2024

12,926

Charge for year

5,630

At 31 March 2025

18,556

NET BOOK VALUE

At 31 March 2025

50,142

At 31 March 2024

55,772

Included above is £49,261 (2024: £54,735) carrying value of assets for which the company has pledged security.

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2024

224,741

Revaluations

10,170

At 31 March 2025

234,911

NET BOOK VALUE

At 31 March 2025

234,911

At 31 March 2024

224,741

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

84,779

126,530

Amounts recoverable on contracts

136,679

117,006

Other debtors

147,116

136,621

368,574

380,157

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,419

10,162

Hire purchase contracts

3,698

3,682

Trade creditors

207,459

104,877

Taxation and social security

95,836

26,335

Other creditors

5,349

9,706

322,761

154,762

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,531

13,950

Hire purchase contracts

2,005

5,703

5,536

19,653

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

5,703

9,385

Hire purchase agreements are secured against the assets to which the specific agreements relate.

10.	COMMITMENTS

At the balance sheet date, the company had total commitments of £6,000 (2024: £6,000).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr J Brannan

Balance outstanding at start of year

85,545

54,360

Amounts advanced

-

31,185

Amounts repaid

(12,948

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

72,597

85,545

This loan is unsecured and no repayment terms have been established. Interest has been charged on balances owed to the company at the HMRC official rate.