REGISTERED NUMBER: SC602598 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

LAL CONTRACTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S McLean

REGISTERED OFFICE:

22 Backbrae Street

Kilsyth

G65 0NH

REGISTERED NUMBER:

SC602598 (Scotland)

ACCOUNTANTS:

Curle & Co

Chartered Accountants

22 Backbrae Street

Kilsyth

G65 0NH

BANKERS:

Virgin Money

47 Main Street

Baillieston

G69 6SQ

FIXED ASSETS

Tangible assets

4

32,695

25,052

CURRENT ASSETS

Stocks

5

20,000

-

Debtors

6

7,835

9,394

Cash at bank

38,806

815

66,641

10,209

CREDITORS

Amounts falling due within one year

7

80,717

10,504

NET CURRENT LIABILITIES

(14,076

)

(295

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,619

24,757

CREDITORS

Amounts falling due after more than one year

8

16,538

12,075

NET ASSETS

2,081

12,682

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,079

12,680

2,081

12,682

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 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 15 May 2026 and were signed by:

S McLean - Director

1.	STATUTORY INFORMATION

LAL Contracts 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 and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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.

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

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.

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 August 2024

21,198

7,750

28,948

Additions

-

18,498

18,498

Disposals

-

(5,417

)

(5,417

)

At 31 July 2025

21,198

20,831

42,029

DEPRECIATION

At 1 August 2024

442

3,454

3,896

Charge for year

5,189

3,654

8,843

Eliminated on disposal

-

(3,405

)

(3,405

)

At 31 July 2025

5,631

3,703

9,334

NET BOOK VALUE

At 31 July 2025

15,567

17,128

32,695

At 31 July 2024

20,756

4,296

25,052

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

Plant and

machinery

£

COST

At 1 August 2024

and 31 July 2025

21,198

DEPRECIATION

At 1 August 2024

442

Charge for year

5,189

At 31 July 2025

5,631

NET BOOK VALUE

At 31 July 2025

15,567

At 31 July 2024

20,756

5.

STOCKS

31.7.25

31.7.24

£

£

Stocks

10,000

-

Work-in-progress

10,000

-

20,000

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

VAT

7,835

9,394

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other loans

50,000

-

Hire purchase contracts

9,611

6,300

Tax

3,962

2,989

Social security and other taxes

4,211

(4,424

)

Other creditors

7,564

4,426

Accrued expenses

5,369

1,213

80,717

10,504

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

16,538

12,075

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S McLean.