REGISTERED NUMBER: SC558728 (Scotland)

Financial Statements for the Year Ended 31st March 2025

for

RSD Concrete Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

S I Dodd

Mrs L Dodd

SECRETARY:

Mrs L Dodd

REGISTERED OFFICE:

Unit 3 Kirkburn Industrial Estate

Lockerbie

DG11 2FF

REGISTERED NUMBER:

SC558728 (Scotland)

AUDITORS:

Farries, Kirk & McVean

Chartered Accountants

Statutory Auditors

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

SOLICITORS:

JHS Law

8 Bank Street

Dumfries

DG1 2NS

FIXED ASSETS

Tangible assets

4

587,910

671,153

CURRENT ASSETS

Debtors

5

147,404

124,076

Cash at bank

242,943

7,207

390,347

131,283

CREDITORS

Amounts falling due within one year

6

(249,114

)

(166,516

)

NET CURRENT ASSETS/(LIABILITIES)

141,233

(35,233

)

TOTAL ASSETS LESS CURRENT LIABILITIES

729,143

635,920

CREDITORS

Amounts falling due after more than one year

7

(193,898

)

(352,953

)

PROVISIONS FOR LIABILITIES

(32,797

)

(35,474

)

NET ASSETS

502,448

247,493

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

502,438

247,483

502,448

247,493

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 Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

Mrs L Dodd - Director

1.	STATUTORY INFORMATION

RSD Concrete 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.

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 comprises revenue recognised by the company in respect of sales of concrete processed before close of business on the last working day of the year, excluding value added tax

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

-

15% 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.

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.

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

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 services charged to customers.

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.

Interest expense is recognised on the basis of effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

1,031,950

Additions

43,312

Disposals

(22,805

)

At 31st March 2025

1,052,457

DEPRECIATION

At 1st April 2024

360,797

Charge for year

103,750

At 31st March 2025

464,547

NET BOOK VALUE

At 31st March 2025

587,910

At 31st March 2024

671,153

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

Plant and

machinery

etc

£

COST

At 1st April 2024

628,100

Disposals

(22,805

)

At 31st March 2025

605,295

DEPRECIATION

At 1st April 2024

94,215

Charge for year

76,662

At 31st March 2025

170,877

NET BOOK VALUE

At 31st March 2025

434,418

At 31st March 2024

533,885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

31,191

7,853

Amounts owed by group undertakings

116,213

116,213

Other debtors

-

10

147,404

124,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

133,333

133,333

Trade creditors

2,437

5,186

Taxation and social security

95,416

9,751

Other creditors

17,928

18,246

249,114

166,516

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

111,111

255,556

Other creditors

82,787

97,397

193,898

352,953

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gerald McGill, BA CA (Senior Statutory Auditor)

for and on behalf of Farries, Kirk & McVean

9.	RELATED PARTY DISCLOSURES

The company is a 100% subsidiary of Grange Quarry Limited and has taken advantage of exemption under section 33.1A from disclosing related party transactions with group members which are wholly owned.

10.	ULTIMATE CONTROLLING PARTY

Mr & Mrs S Dodd are the ultimate controlling party.