REGISTERED NUMBER: SC513440 (Scotland)

Harkness Project Management Ltd

Financial Statements For The Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Harkness

Mrs C N Hepburn

REGISTERED OFFICE:

11 Deanshaugh Court

Elgin

Moray

IV30 4FB

REGISTERED NUMBER:

SC513440 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Santander

PO Box 1012

21 Prescot Street

LONDON

E1 8TN

FIXED ASSETS

Tangible assets

4

92,021

122,848

CURRENT ASSETS

Debtors

5

5,547

6,233

Cash at bank and in hand

2,268

28,648

7,815

34,881

CREDITORS

Amounts falling due within one year

6

32,591

44,182

NET CURRENT LIABILITIES

(24,776

)

(9,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,245

113,547

CREDITORS

Amounts falling due after more than one year

7

(10,533

)

(31,848

)

PROVISIONS FOR LIABILITIES

8

(4,084

)

(7,320

)

NET ASSETS

52,628

74,379

CAPITAL AND RESERVES

Called up share capital

9

120

120

Retained earnings

10

52,508

74,259

SHAREHOLDERS' FUNDS

52,628

74,379

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2026 and were signed on its behalf by:

Mr S Harkness - Director

1.	STATUTORY INFORMATION

Harkness Project Management 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.

Land and buildings

-

20% on cost

Equipment

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year 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 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

Equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

21,191

92,764

82,050

22,481

218,486

Additions

-

-

-

191

191

At 31 August 2025

21,191

92,764

82,050

22,672

218,677

DEPRECIATION

At 1 September 2024

21,191

21,237

32,096

21,115

95,639

Charge for year

-

17,882

12,488

647

31,017

At 31 August 2025

21,191

39,119

44,584

21,762

126,656

NET BOOK VALUE

At 31 August 2025

-

53,645

37,466

910

92,021

At 31 August 2024

-

71,527

49,954

1,366

122,847

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

3,230

2,800

Other debtors

2,317

3,433

5,547

6,233

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

9,167

9,631

Hire purchase contracts

11,779

10,918

Trade creditors

154

453

Taxation and social security

3,758

14,052

Other creditors

7,733

9,128

32,591

44,182

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

9,536

Hire purchase contracts

10,533

22,312

10,533

31,848

8.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

4,084

7,320

Deferred

tax

£

Balance at 1 September 2024

7,320

Provided during year

(3,236

)

Balance at 31 August 2025

4,084

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary

1

100

100

15

A Ordinary

1

15

15

5

B Ordinary

1

5

5

120

120

10.

RESERVES

Retained

earnings

£

At 1 September 2024

74,259

Deficit for the year

(20,251

)

Dividends

(1,500

)

At 31 August 2025

52,508

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2024 - £1,000) were paid to the directors .

At 1 September 2024 the company owed the directors £1,373. During the year the director met expenses of £990 on behalf of the company. At 31 August 2025 the company owed the directors £2,363. This loan is interest free and has no fixed repayment terms.