REGISTERED NUMBER: SC194678 (Scotland)

Unaudited Financial Statements

for the Period 1 April 2024 to 30 September 2025

for

Firside Joinery Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

54,818

15,890

CURRENT ASSETS

Stocks

31,746

196,476

Debtors

5

25,109

196,443

Cash at bank

56,505

16,200

113,360

409,119

CREDITORS

Amounts falling due within one year

6

(78,464

)

(226,548

)

NET CURRENT ASSETS

34,896

182,571

TOTAL ASSETS LESS CURRENT LIABILITIES

89,714

198,461

CREDITORS

Amounts falling due after more than one year

7

-

(15,900

)

PROVISIONS FOR LIABILITIES

(9,860

)

(2,227

)

NET ASSETS

79,854

180,334

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

43

43

Retained earnings

79,711

180,191

79,854

180,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2026 and were signed by:

Mr D J Walton - Director

1.	STATUTORY INFORMATION

Firside Joinery Limited is a private company, limited by shares, domiciled in Scotland, registration number SC194678. The registered office is 6 Castle Road, Bankside Industrial Estate, Falkirk, Scotland, FK2 7UY.

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 represents net invoiced sales of services in respect of joinery services, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are represented by property development work in progress and are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to its present location and condition.

Taxation

Taxation for the period 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 period 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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

26,689

Additions

50,525

Disposals

(1,202

)

At 30 September 2025

76,012

DEPRECIATION

At 1 April 2024

10,799

Charge for period

10,973

Eliminated on disposal

(578

)

At 30 September 2025

21,194

NET BOOK VALUE

At 30 September 2025

54,818

At 31 March 2024

15,890

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

31.3.24

£

£

Trade debtors

720

3,020

Amounts owed by related parties

-

140,501

Other debtors

24,389

52,922

25,109

196,443

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

31.3.24

£

£

Bank loans and overdrafts

10,502

9,879

Trade creditors

8,282

70,090

Amounts owed to related parties

11,189

-

Taxation and social security

2,174

9,308

Other creditors

46,317

137,271

78,464

226,548

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

31.3.24

£

£

Bank loans

-

15,900

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

31.3.24

£

£

Bank loans

10,502

25,779

The company's bankers hold a bond and floating charge over the assets of the company. They also hold a standard security over the premises rented by the company for monies due by the company.

9.	RELATED PARTY DISCLOSURES

Firside Joinery Limited owed £11,189 to a company with a common director and shareholder at 31st March 2025 (2024 - £140,501 was due from).