Gradwell Contracting Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC791553 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GRADWELL CONTRACTING LTD

Page

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4

DIRECTOR:

A T Gradwell

REGISTERED OFFICE:

2d Cademuir Drive

Peebles

EH45 9AQ

REGISTERED NUMBER:

SC791553 (Scotland)

ACCOUNTANTS:

Donachie Chartered Accountants

2nd Floor

Templeton House

62 Templeton Street

Glasgow

G40 1DA

FIXED ASSETS

Tangible assets

4

67,979

47,025

CURRENT ASSETS

Debtors

5

15,075

10,234

Cash at bank

17,153

24,175

32,228

34,409

CREDITORS

Amounts falling due within one year

6

74,448

63,993

NET CURRENT LIABILITIES

(42,220

)

(29,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,759

17,441

CREDITORS

Amounts falling due after more than one year

7

16,827

-

NET ASSETS

8,932

17,441

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

8,931

17,440

SHAREHOLDERS' FUNDS

8,932

17,441

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

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

The financial statements were approved by the director and authorised for issue on 14 January 2026 and were signed by:

A T Gradwell - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Changes in equity

Issue of share capital

1

-

1

Dividends

-

(33,500

)

(33,500

)

Total comprehensive income

-

50,940

Balance at 31 December 2024

1

17,440

17,441

Changes in equity

Dividends

-

(48,500

)

(48,500

)

Total comprehensive income

-

39,991

Balance at 31 December 2025

1

8,931

8,932

1.	STATUTORY INFORMATION

Gradwell Contracting 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 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

-

25% on cost

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.

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.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

59,490

Additions

43,253

At 31 December 2025

102,743

DEPRECIATION

At 1 January 2025

12,465

Charge for year

22,299

At 31 December 2025

34,764

NET BOOK VALUE

At 31 December 2025

67,979

At 31 December 2024

47,025

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

Plant and

machinery

£

COST

Additions

29,625

At 31 December 2025

29,625

DEPRECIATION

Charge for year

4,938

At 31 December 2025

4,938

NET BOOK VALUE

At 31 December 2025

24,687

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

15,075

10,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

4,925

-

Trade creditors

3,480

403

Corporation tax

4,554

535

Social security and other taxes

38

45

VAT

8,930

8,196

Directors' loan accounts

50,521

52,814

Accruals and deferred income

2,000

74,448

63,993

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

16,827

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

21,752

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

Ordinary

£1

1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2025 and the period ended 31 December 2024:

2025

2024

£

A T Gradwell

Balance outstanding at start of year

(52,814

)

-

Amounts advanced

2,293

38,049

Amounts repaid

-

(90,863

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(50,521

)

(52,814

)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A T Gradwell.