REGISTERED NUMBER: SC487468 (Scotland)

Financial Statements for the Year Ended 31 August 2025

for

LORIMER CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A G Lorimer

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC487468 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

-

9,068

CURRENT ASSETS

Debtors

5

-

2,324

Cash at bank

26,309

26,824

26,309

29,148

CREDITORS

Amounts falling due within one year

6

4,869

(7,527

)

NET CURRENT ASSETS

21,440

36,675

TOTAL ASSETS LESS CURRENT LIABILITIES

21,440

45,743

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

21,439

45,742

SHAREHOLDERS' FUNDS

21,440

45,743

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 May 2026 and were signed by:

A G Lorimer - Director

1.	STATUTORY INFORMATION

Lorimer Construction 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 reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2024

46,513

25,175

71,688

Disposals

(46,513

)

(25,175

)

(71,688

)

At 31 August 2025

-

-

-

DEPRECIATION

At 1 September 2024

39,327

23,293

62,620

Eliminated on disposal

(39,327

)

(23,293

)

(62,620

)

At 31 August 2025

-

-

-

NET BOOK VALUE

At 31 August 2025

-

-

-

At 31 August 2024

7,186

1,882

9,068

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2024

42,500

25,175

67,675

Disposals

(42,500

)

(25,175

)

(67,675

)

At 31 August 2025

-

-

-

DEPRECIATION

At 1 September 2024

33,675

23,293

56,968

Eliminated on disposal

(33,675

)

(23,293

)

(56,968

)

At 31 August 2025

-

-

-

NET BOOK VALUE

At 31 August 2025

-

-

-

At 31 August 2024

8,825

1,882

10,707

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

2,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

3,789

(9,453

)

Other creditors

1,080

1,926

4,869

(7,527

)

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,689 (2024 - £11,247) were paid to the director .

The company was under the control of A Lorimer throughout the current and previous year.

The balance due to the director at the end of the previous accounting year was £1,026. During this accounting year the company repaid the director net amounts totalling £1,026.