REGISTERED NUMBER: SC511413 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

NEWLINE UTILITIES (SCOT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N S Rafferty

Mrs S R Rafferty

REGISTERED OFFICE:

Clyde Offices

2nd Floor

48 West George Street

Glasgow

Lanarkshire

G2 1BP

REGISTERED NUMBER:

SC511413 (Scotland)

ACCOUNTANT:

John Murphy & Company (Scotland) Limited

Chartered Accountants

Castle Chambers

67 Main Street

Bothwell

Lanarkshire

G71 8ER

FIXED ASSETS

Tangible assets

4

1,929,852

1,461,075

CURRENT ASSETS

Stocks

5

7,500

5,000

Debtors

6

330,543

494,070

Cash at bank

650,392

303,318

988,435

802,388

CREDITORS

Amounts falling due within one year

7

705,821

618,920

NET CURRENT ASSETS

282,614

183,468

TOTAL ASSETS LESS CURRENT LIABILITIES

2,212,466

1,644,543

CREDITORS

Amounts falling due after more than one year

8

(1,290,240

)

(1,062,537

)

PROVISIONS FOR LIABILITIES

9

(286,415

)

(189,059

)

NET ASSETS

635,811

392,947

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

635,711

392,847

SHAREHOLDERS' FUNDS

635,811

392,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 30 April 2026 and were signed on its behalf by:

N S Rafferty - Director

1.	STATUTORY INFORMATION

Newline Utilities (Scot) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

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

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. 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 10 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2025

12,729

2,052,561

1,003

Additions

48,148

1,112,055

233

Disposals

-

(61,750

)

-

At 31 March 2026

60,877

3,102,866

1,236

DEPRECIATION

At 1 April 2025

-

964,195

781

Charge for year

-

561,318

191

Eliminated on disposal

-

(21,870

)

-

At 31 March 2026

-

1,503,643

972

NET BOOK VALUE

At 31 March 2026

60,877

1,599,223

264

At 31 March 2025

12,729

1,088,366

222

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

801,511

6,962

2,874,766

Additions

43,050

549

1,204,035

Disposals

-

-

(61,750

)

At 31 March 2026

844,561

7,511

4,017,051

DEPRECIATION

At 1 April 2025

443,837

4,878

1,413,691

Charge for year

132,739

1,130

695,378

Eliminated on disposal

-

-

(21,870

)

At 31 March 2026

576,576

6,008

2,087,199

NET BOOK VALUE

At 31 March 2026

267,985

1,503

1,929,852

At 31 March 2025

357,674

2,084

1,461,075

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

1,330,545

699,218

2,029,763

Additions

892,055

-

892,055

Transfer to ownership

(54,030

)

(245,280

)

(299,310

)

At 31 March 2026

2,168,570

453,938

2,622,508

DEPRECIATION

At 1 April 2025

687,161

374,605

1,061,766

Charge for year

376,468

115,152

491,620

Transfer to ownership

(41,650

)

(245,276

)

(286,926

)

At 31 March 2026

1,021,979

244,481

1,266,460

NET BOOK VALUE

At 31 March 2026

1,146,591

209,457

1,356,048

At 31 March 2025

643,384

324,613

967,997

5.

STOCKS

31.3.26

31.3.25

£

£

Stock

7,500

5,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

197,000

492,882

Amounts owed by associates

1,188

1,188

VAT

132,355

-

330,543

494,070

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

569,969

402,652

Trade creditors

177,869

108,642

Corporation tax

661

588

Payroll taxation

(58,706

)

1,947

Pension fund control

970

252

Arrestments

214

104

VAT

-

91,723

Wages control

7,898

4,452

Directors' current accounts

321

1,935

Accrued charges

6,625

6,625

705,821

618,920

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

1,290,240

1,062,537

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

286,415

189,059

Deferred

tax

£

Balance at 1 April 2025

189,059

Provided during year

97,356

Balance at 31 March 2026

286,415

10.	ULTIMATE CONTROLLING PARTY

The controlling party is N S Rafferty.