REGISTERED NUMBER: SC089853 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

ROOF EDGE PROTECTION LIMITED

Page

Company Information

1

Statement of Income and Retained Earnings

2

Balance Sheet

3

Notes to the Financial Statements

5

Chartered Accountants' Report

13

DIRECTORS:

J Weaver Jnr

D Weaver

SECRETARY:

J Weaver Jnr

REGISTERED OFFICE:

Paxton House

11 Woodside Crescent

Charing Cross

Glasgow

G3 7UL

REGISTERED NUMBER:

SC089853 (Scotland)

ACCOUNTANTS:

McAllisters

Paxton House

11 Woodside Crescent

Charing Cross

Glasgow

G3 7UL

TURNOVER

733,314

802,255

Cost of sales

431,694

469,218

GROSS PROFIT

301,620

333,037

Distribution costs

-

500

Administrative expenses

254,315

229,741

254,315

230,241

47,305

102,796

Other operating income

4,860

4,860

OPERATING PROFIT

4

52,165

107,656

Interest receivable and similar income

1,236

1,608

53,401

109,264

Interest payable and similar expenses

797

579

PROFIT BEFORE TAXATION

52,604

108,685

Tax on profit

5

6,197

25,493

PROFIT FOR THE FINANCIAL YEAR

46,407

83,192

Retained earnings at beginning of year

289,906

221,714

Dividends

6

(15,000

)

(15,000

)

RETAINED EARNINGS AT END OF YEAR

321,313

289,906

FIXED ASSETS

Tangible assets

7

279,075

192,117

CURRENT ASSETS

Stocks

625

800

Debtors

8

114,209

181,441

Cash at bank and in hand

120,738

110,351

235,572

292,592

CREDITORS

Amounts falling due within one year

9

69,764

102,586

NET CURRENT ASSETS

165,808

190,006

TOTAL ASSETS LESS CURRENT LIABILITIES

444,883

382,123

CREDITORS

Amounts falling due after more than one year

10

(17,098

)

(7,500

)

PROVISIONS FOR LIABILITIES

12

(48,472

)

(26,717

)

NET ASSETS

379,313

347,906

CAPITAL AND RESERVES

Called up share capital

13

10,000

10,000

Revaluation reserve

14

48,000

48,000

Retained earnings

321,313

289,906

SHAREHOLDERS' FUNDS

379,313

347,906

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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

J Weaver Jnr - Director

1.	STATUTORY INFORMATION

Roof Edge Protection 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of the financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates or judgements used in the preparation of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discount and value added taxes. Turnover includes revenue earned from the sale of roof safety equipment and services.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged to profit and loss over the estimated useful economic lives, as follows:

Computer equipment - 25% on reducing balance.

Plant and Machinery - 20% reducing balance

Motor vehicles - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

At each reporting date the company assesses whether there is any indication of impairment. if such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use.

Any impairment loss is recognised immediately as an expense within profit and loss.

Buildings are not depreciated. This is because, in the opinion of the directors, the company's policy of regular repairs and maintenance ensures that the value of the buildings will not depreciate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year amounted to £8,646 (2024: £5,239) and are charged in the profit and loss account. There are no accrued or prepaid amounts at the year end.

Revaluation of buildings

The buildings held under long leasehold by the company have been included at their fair value based on an existing use basis. The valuation has been determined by the directors.

Provisions

A provision is recognised when the company has a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.8.25

31.8.24

£

£

Depreciation - owned assets

34,784

26,797

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.8.25

31.8.24

£

£

Current tax:

UK corporation tax

(15,658

)

23,735

Previous year under provision

100

-

Total current tax

(15,558

)

23,735

Deferred tax

21,755

1,758

Tax on profit

6,197

25,493

6.

DIVIDENDS

31.8.25

31.8.24

£

£

Ordinary shares of £1 each

Final proposed and payable

15,000

15,000

7.	TANGIBLE FIXED ASSETS

Long

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 September 2024

85,000

220,688

832

306,520

Additions

-

170,770

-

170,770

Disposals

-

(69,678

)

-

(69,678

)

At 31 August 2025

85,000

321,780

832

407,612

DEPRECIATION

At 1 September 2024

-

113,800

603

114,403

Charge for year

-

48,475

58

48,533

Eliminated on disposal

-

(34,399

)

-

(34,399

)

At 31 August 2025

-

127,876

661

128,537

NET BOOK VALUE

At 31 August 2025

85,000

193,904

171

279,075

At 31 August 2024

85,000

106,888

229

192,117

Cost or valuation at 31 August 2025 is represented by:

Long

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

Valuation in 1999

48,000

-

-

48,000

Cost

37,000

321,780

832

359,612

85,000

321,780

832

407,612

If Buildings had not been revalued they would have been included at the following historical cost:

31.8.25

31.8.24

£

£

Cost

37,000

37,000

The buildings were valued on a fair value basis basis on 31 August 2023 by the Directors .

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

Plant and

machinery

£

COST OR VALUATION

Additions

68,745

At 31 August 2025

68,745

DEPRECIATION

Charge for year

13,749

At 31 August 2025

13,749

NET BOOK VALUE

At 31 August 2025

54,996

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

83,319

148,893

Tax

15,658

-

VAT

6,685

24,457

Prepayments

8,547

8,091

114,209

181,441

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

7,500

10,000

Hire purchase contracts (see note 11)

11,398

-

Trade creditors

15,207

33,620

Tax

-

23,735

Social security and other taxes

5,853

7,302

Other creditors

21,460

15,391

Directors' current accounts

2,520

7,620

Accrued expenses

5,826

4,918

69,764

102,586

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

-

7,500

Hire purchase contracts (see note 11)

17,098

-

17,098

7,500

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

11,398

-

Between one and five years

17,098

-

28,496

-

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

6,000

6,000

Between one and five years

24,000

24,000

In more than five years

306,000

312,000

336,000

342,000

The operating lease relates to the lease of the ground at 107 Dalsetter Avenue from Glasgow City Council at an annual rent of £6,000. The remaining term of the lease is 57 years.

12.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

48,472

26,717

Deferred

tax

£

Balance at 1 September 2024

26,717

Provided during year

21,755

Balance at 31 August 2025

48,472

The movement in deferred tax provision is as a result of the origination and reversal of timing differences between accounting and tax treatment of assets which result in the obligation to pay more tax at a future date.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

14.

RESERVES

Revaluation

reserve

£

At 1 September 2024

and 31 August 2025

48,000

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

D Weaver

Balance outstanding at start of year

(3,600

)

(2,880

)

Amounts advanced

7,200

2,880

Amounts repaid

(3,600

)

(3,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(3,600

)

J Weaver Jnr

Balance outstanding at start of year

(4,020

)

(3,120

)

Amounts advanced

5,400

3,000

Amounts repaid

(3,900

)

(3,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,520

)

(4,020

)

16.	RELATED PARTY DISCLOSURES

Total directors remuneration for the year including pensions was £52,944 (2024: £65,166). Dividends of £7,500 (2024: £7,500) were paid to the directors during the year.

17.	ULTIMATE CONTROLLING PARTY

Mr J Weaver Jnr is considered to be the ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Roof Edge Protection Limited for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Roof Edge Protection Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Roof Edge Protection Limited and state those matters that we have agreed to state to the Board of Directors of Roof Edge Protection Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Roof Edge Protection Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Roof Edge Protection Limited. You consider that Roof Edge Protection Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Roof Edge Protection Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

McAllisters

Paxton House

11 Woodside Crescent

Charing Cross

Glasgow

G3 7UL

14 May 2026