REGISTERED NUMBER: SC265471 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

K.W. CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mrs J Ironside

SECRETARY:

Mrs J Ironside

REGISTERED OFFICE:

51-53 High Street

Turriff

Aberdeenshire

AB53 4EJ

REGISTERED NUMBER:

SC265471 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

FIXED ASSETS

Tangible assets

4

323,439

311,266

CURRENT ASSETS

Stocks

1,762,700

1,194,122

Debtors

5

411,388

502,033

Cash at bank and in hand

573,326

2,373,105

2,747,414

4,069,260

CREDITORS

Amounts falling due within one year

6

2,588,673

2,884,085

NET CURRENT ASSETS

158,741

1,185,175

TOTAL ASSETS LESS CURRENT LIABILITIES

482,180

1,496,441

PROVISIONS FOR LIABILITIES

27,947

22,765

NET ASSETS

454,233

1,473,676

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

453,233

1,472,676

SHAREHOLDERS' FUNDS

454,233

1,473,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2026 and were signed by:

Mrs J Ironside - Director

1.	STATUTORY INFORMATION

K.W. Contractors 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 as modified by the revaluation of certain assets.

Turnover

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks, including land held for development and completed are stated at the lower of cost and net realisable value.

Amounts recoverable on contracts are included in debtors and stated at cost plus attributable profit less any foreseeable losses. Attributable profit is recognised in proportion to the stage of completion reached when the outcome of the contract can be assessed with reasonable certainty.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

168,250

574,149

742,399

Additions

-

72,134

72,134

Disposals

-

(36,000

)

(36,000

)

At 30 April 2025

168,250

610,283

778,533

DEPRECIATION

At 1 May 2024

3,361

427,772

431,133

Charge for year

3,361

53,495

56,856

Eliminated on disposal

-

(32,895

)

(32,895

)

At 30 April 2025

6,722

448,372

455,094

NET BOOK VALUE

At 30 April 2025

161,528

161,911

323,439

At 30 April 2024

164,889

146,377

311,266

Cost or valuation at 30 April 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2018

(61,839

)

-

(61,839

)

Cost

230,089

610,283

840,372

168,250

610,283

778,533

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

368,024

426,740

Other debtors

-

15,934

Taxation

1,391

33,196

VAT

20,800

-

Prepayments and accrued income

21,173

26,163

411,388

502,033

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

450,567

509,600

Social security and other taxes

28,420

30,703

VAT

-

163,868

Amounts due to group

2,066,823

2,095,171

Other creditors

9,943

9,943

Accruals

32,920

74,800

2,588,673

2,884,085

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Ironside.

J Ironside, together with members of her close family, control the company by virtue of a controlling interest of 100% of the issued ordinary share capital.