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Registered number: SC305000
Contract Solutions (Scotland) Limited
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Prepared By:
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

Contract Solutions (Scotland) Limited

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
DIRECTORS
Robert Duncan
Graeme Duncan (appointed 31 July 2025)
Jamie Duncan (appointed 31 July 2025)
SECRETARY
Robert Duncan
REGISTERED OFFICE
Unit G6
The Granary Business Centre
Cupar
Fife
KY15 5YQ
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC305000
ACCOUNTANTS
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

Contract Solutions (Scotland) Limited

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Contract Solutions (Scotland) Limited

BALANCE SHEET AT 31 July 2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 2,556,925 |  |  |  | 2,596,993
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 168,850 |  |  |  | 166,393 |  |
Debtors |  | 4 |  | 1,083,711 |  |  |  | 1,163,876 |  |
Cash at bank and in hand |  |  |  | 235,043 |  |  |  | 22,419 |  |
|  |  |  | 1,487,604 |  |  |  | 1,352,688 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 1,169,025 |  |  |  | 1,149,236 |  |
NET CURRENT ASSETS |  |  |  |  |  | 318,579 |  |  |  | 203,452
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 2,875,504 |  |  |  | 2,800,445
CREDITORS: Amounts falling due after more than one year |  | 6 |  |  |  | 774,413 |  |  |  | 907,564
PROVISIONS FOR LIABILITIES AND CHARGES |  | 8 |  |  |  | 672,301 |  |  |  | 684,980
NET ASSETS |  |  |  |  |  | 1,428,790 |  |  |  | 1,207,901
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 9 |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  |  | 1,428,690 |  |  |  | 1,207,801
SHAREHOLDERS' FUNDS |  |  |  |  |  | 1,428,790 |  |  |  | 1,207,901
For the year ending 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 7 April 2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Robert Duncan |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Contract Solutions (Scotland) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2025

1. ACCOUNTING POLICIES

1a. General Information Basis Of Accounting
The company is limited by shares and incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements have been prepared in accordance with Financial Reporting Standard FRS 102 including Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise shown.

1b. Turnover
(For Goods) Turnover represents the amounts receivable arising from the supply of goods net of VAT and trade discounts.
Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
(For Services) Turnover is recognised as the fair value of the consideration received or receivable for services provided in the normal course of business, net of VAT and trade discounts.

1c. Depreciation |  |
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Land And Buildings |  | straight line 2%
Commercial Vehicles |  | reducing balance 15/25%
Equipment |  | straight line 5/10/20%

1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

1e. Cash And Cash Equivalents
Cash and cash equivalents are basic financial instruments which include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Contract Solutions (Scotland) Limited

1f. Financial Instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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 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 operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1g. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

1h. Employee Benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

1i. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Contract Solutions (Scotland) Limited

1j. Leases And Hire Purchase Agreements
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets acquired under hire purchase contracts and finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.

1k. Government Grants
Revenue grants are recognised in profit and loss in the year in which they are received. Capital grants received are treated as deferred credits and credited to profit and loss account over the estimated useful life of the relevant fixed assets.

1l. Foreign Currency
Transactions in currencies, other than pounds sterling, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. Gains and losses on translation in the period are included in the profit and loss account.

1m. Critical Accounting Estimates And Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period, or in the period of the revision and future periods where the revision affects both current and future periods.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 50 |  | 46

Contract Solutions (Scotland) Limited

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |
|  | Land And |  | Plant and |  |
|  | Buildings |  | Machinery Etc. |  | Total
|  | £ |  | £ |  | £
Cost |  |  |  |  |  |
At 1 August 2024 |  | 536,107 |  | 4,921,549 |  | 5,457,656
Additions |  | 22,482 |  | 167,941 |  | 190,423
Disposals |  | - |  | (14,491) |  | (14,491)
At 31 July 2025 |  | 558,589 |  | 5,074,999 |  | 5,633,588
Depreciation |  |  |  |  |  |
At 1 August 2024 |  | 50,379 |  | 2,810,284 |  | 2,860,663
Disposals |  | - |  | (9,119) |  | (9,119)
For the year |  | 11,172 |  | 213,947 |  | 225,119
At 31 July 2025 |  | 61,551 |  | 3,015,112 |  | 3,076,663
Net Book Amounts |  |  |  |  |  |
At 31 July 2025 |  | 497,038 |  | 2,059,887 |  | 2,556,925
At 31 July 2024 |  | 485,728 |  | 2,111,265 |  | 2,596,993

4. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year: |  |  |  |  |  |
Trade debtors |  |  |  | 1,056,554 |  | 1,116,805
Other Tax |  |  |  | - |  | 20,546
Other debtors |  |  |  | 27,157 |  | 26,525
|  |  |  | 1,083,711 |  | 1,163,876

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Bank loans and overdrafts |  |  |  | 18,320 |  | 132,921
Trade creditors |  |  |  | 287,963 |  | 304,771
Taxation and social security |  |  |  | 333,621 |  | 189,973
Other creditors |  |  |  | 529,121 |  | 521,571
|  |  |  | 1,169,025 |  | 1,149,236
Included within other creditors are obligations under hire purchase and finance leases |  |  |  | 283,163 |  | 350,164

Contract Solutions (Scotland) Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Bank loans and overdrafts |  |  |  | 193,900 |  | 144,326
Other creditors |  |  |  | 580,513 |  | 763,238
|  |  |  | 774,413 |  | 907,564
Included in other creditors are: |  |  |  |  |  |
Obligations under hire purchase |  |  |  | 580,513 |  | 763,238
Included within creditors due after more than one year are: |  |  |  |  |  |
Amounts falling due after more than five years |  |  |  |  |  |
- repayable by installments |  |  |  | 154,663 |  | 76,283

7. SECURED CREDITORS |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amount of bank loans and overdrafts which are secured |  |  |  | 200,000 |  | 143,607
Amount of other creditors which are secured |  |  |  | 863,676 |  | 1,113,402
The company obtained a bank loan of £200,000 which is repayable in instalments over 15 years. The loan is secured over the business premises. Also included in other creditors are obligations under hire purchase contracts secured over plant and machinery.

8. PROVISIONS FOR LIABILITIES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Deferred taxation |  |  |  | 428,743 |  | 428,750
Other provisions |  |  |  | 243,558 |  | 256,230
|  |  |  | 672,301 |  | 684,980
Included in other provisions is as follows: Capital Grants b/fwd £256,230. Received in the year was £40,000, released to the P&L £52,672. Closing balance £243,558

9. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
100 Ordinary shares of £1 each |  |  |  | 100 |  | 100
|  |  |  | 100 |  | 100

Contract Solutions (Scotland) Limited

10. RELATED PARTY TRANSACTIONS
The director has provided the Royal bank of Scotland plc with a letter of guarantee in respect of the company's debts to the bank up to a level of £100,000.
Included at the year end is an interest free loan from the director of £182,195 (2024 - £146,132). There is no fixed repayment date.