WALLACE DEVELOPMENTS (SCOTLAND) LTD

WALLACE DEVELOPMENTS (SCOTLAND) LTD
Contents Page
For the year ended 31 August 2025

Statement of financial position	1
Notes to the financial statements	2

WALLACE DEVELOPMENTS (SCOTLAND) LTD
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	4,061	5,414
		4,061	5,414
Current assets
Debtors		32,888	11,332
Cash at bank and in hand		36,489	52,464
		69,377	63,796
Creditors: amount falling due within one year		(23,119)	(20,730)
Net current assets		46,258	43,066

Total assets less current liabilities		50,319	48,480
Creditors: amount falling due after more than one year		(22,556)	(26,080)
Net assets		27,763	22,400

Capital and reserves
Called up share capital		100	100
Profit and loss account		27,663	22,300
Shareholders' funds		27,763	22,400

For the year ended 31 August 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 accounts for the year in question 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 accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 13 May 2026 and were signed by:

-------------------------------
Brian WALLACE
Director

1

WALLACE DEVELOPMENTS (SCOTLAND) LTD
Notes to the Abridged Financial Statements
For the year ended 31 August 2025

General Information

WALLACE DEVELOPMENTS (SCOTLAND) LTD is a private company, limited by shares, registered in Scotland, registration number SC574314, registration address 94 HOPE STREET, SUITE 2.11 GLASGOW, G2 6PH.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 2 (2024 : 3).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 September 2024	1,488	18,048	19,536
Additions	-	-	-
Disposals	-	-	-
At 31 August 2025	1,488	18,048	19,536
Depreciation
At 01 September 2024	14,122	-	14,122
Charge for year	1,353	-	1,353
On disposals	-	-	-
At 31 August 2025	15,475	-	15,475
Net book values
Closing balance as at 31 August 2025	(13,987)	18,048	4,061
Opening balance as at 01 September 2024	253	5,161	5,414

2

Registered Number: SC574314
Scotland
WALLACE DEVELOPMENTS (SCOTLAND) LTD

Abridged Accounts

Period of accounts Start date: 01 September 2024 End date: 31 August 2025