REGISTERED NUMBER: SC198142 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Solway Plant Hire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A McLurg

J McLurg

J McLurg

SECRETARY:

M McCaffrey

REGISTERED OFFICE:

57 High Street

Dalbeattie

DG5 4HA

REGISTERED NUMBER:

SC198142 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

2,685,406

2,655,181

CURRENT ASSETS

Debtors

5

1,196,154

1,196,207

Cash at bank

492,503

456,721

1,688,657

1,652,928

CREDITORS

Amounts falling due within one year

6

504,868

530,581

NET CURRENT ASSETS

1,183,789

1,122,347

TOTAL ASSETS LESS CURRENT LIABILITIES

3,869,195

3,777,528

CREDITORS

Amounts falling due after more than one year

7

(45,438

)

(45,832

)

PROVISIONS FOR LIABILITIES

(549,225

)

(549,225

)

NET ASSETS

3,274,532

3,182,471

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,274,530

3,182,469

3,274,532

3,182,471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

J McLurg - Director

1.	STATUTORY INFORMATION

Solway Plant Hire 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.

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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

169,670

5,437,724

5,607,394

Additions

-

937,591

937,591

Disposals

-

(784,644

)

(784,644

)

At 31 July 2025

169,670

5,590,671

5,760,341

DEPRECIATION

At 1 August 2024

-

2,952,213

2,952,213

Charge for year

-

453,394

453,394

Eliminated on disposal

-

(330,672

)

(330,672

)

At 31 July 2025

-

3,074,935

3,074,935

NET BOOK VALUE

At 31 July 2025

169,670

2,515,736

2,685,406

At 31 July 2024

169,670

2,485,511

2,655,181

5.

DEBTORS

31.7.25

31.7.24

£

£

Amounts falling due within one year:

Trade debtors

514,694

532,903

Other debtors

27,740

10,784

542,434

543,687

Amounts falling due after more than one year:

Other debtors

653,720

652,520

Aggregate amounts

1,196,154

1,196,207

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

9,754

9,202

Hire purchase contracts

80,774

87,585

Trade creditors

160,202

158,794

Taxation and social security

226,195

252,550

Other creditors

27,943

22,450

504,868

530,581

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

44,709

34,797

Other creditors

729

11,035

45,438

45,832