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Company No: SC302379 (Scotland)

# TAYLOR CONSTRUCTION (SCOTLAND) LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH THE REGISTRAR

TAYLOR CONSTRUCTION (SCOTLAND) LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

Contents

TAYLOR CONSTRUCTION (SCOTLAND) LTD

## BALANCE SHEET

AS AT 30 JUNE 2025
TAYLOR CONSTRUCTION (SCOTLAND) LTD

## BALANCE SHEET (continued)

AS AT 30 JUNE 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 741,591 |  | 762,764
|  | 741,591 |  | 762,764
Current assets |  |  |  |
Stocks | 4 | 3,500 |  | 3,500
Debtors | 5 | 167,189 |  | 141,885
Cash at bank and in hand | 6 | 0 |  | 27,951
|  | 170,689 |  | 173,336
Creditors: amounts falling due within one year | 7 | ( 346,030) |  | ( 355,531)
Net current liabilities |  | (175,341) |  | (182,195)
Total assets less current liabilities |  | 566,250 |  | 580,569
Creditors: amounts falling due after more than one year | 8 | ( 272,161) |  | ( 314,018)
Provision for liabilities | 9, 10 | ( 185,398) |  | ( 190,691)
Net assets |  | 108,691 |  | 75,860
Capital and reserves |  |  |  |
Called-up share capital | 11 | 2 |  | 2
Profit and loss account |  | 108,689 |  | 75,858
Total shareholders' funds |  | 108,691 |  | 75,860

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Taylor Construction (Scotland) Ltd (registered number: SC302379) were approved and authorised for issue by the Director on 25 March 2026. They were signed on its behalf by:

David Taylor Director |

TAYLOR CONSTRUCTION (SCOTLAND) LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
TAYLOR CONSTRUCTION (SCOTLAND) LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Taylor Construction (Scotland) Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Lowberry House The Holdings, Wester Kincardine, Crieff, PH7 3RP, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 10 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 9 |  | 9

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 1,225,341 |  | 1,225,341
Additions | 168,262 |  | 168,262
Disposals | ( 102,100) |  | ( 102,100)
At 30 June 2025 | 1,291,503 |  | 1,291,503
Accumulated depreciation |  |  |
At 01 July 2024 | 462,577 |  | 462,577
Charge for the financial year | 158,128 |  | 158,128
Disposals | ( 70,793) |  | ( 70,793)
At 30 June 2025 | 549,912 |  | 549,912
Net book value |  |  |
At 30 June 2025 | 741,591 |  | 741,591
At 30 June 2024 | 762,764 |  | 762,764

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 3,500 |  | 3,500

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 153,342 |  | 104,879
Other debtors | 13,847 |  | 37,006
| 167,189 |  | 141,885

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 0 |  | 27,951
Less: Bank overdrafts | ( 1,491) |  | 0
| (1,491) |  | 27,951

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 11,131 |  | 10,268
Trade creditors | 1,470 |  | 56,870
Taxation and social security | 47,464 |  | 25,964
Obligations under finance leases and hire purchase contracts | 161,029 |  | 146,645
Other creditors | 124,936 |  | 115,784
| 346,030 |  | 355,531

Obligations under hire purchase contracts are secured over the assets to which they relate.

Included within Bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 9,640
Obligations under finance leases and hire purchase contracts | 272,161 |  | 304,378
| 272,161 |  | 314,018

Obligations under hire purchase contracts are secured over the assets to which they relate.
Included within Bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

#### 9. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 185,398 |  | 190,691

#### 10. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 190,691) |  | ( 179,133)
Credited/(charged) to the Statement of Income and Retained Earnings | 5,293 |  | ( 11,558)
At the end of financial year | ( 185,398) |  | ( 190,691)

#### 11. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 12. Related party transactions

Transactions with the entity’s director (or members of its governing body)

Amounts owed to director

| 2025 |  | 2024
| £ |  | £
Directors' loan | 121,071 |  | 109,831

The above loan is unsecured and has no fixed terms of repayment.