Building Solutions (Perth) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC325107 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Building Solutions (Perth) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

582,184

605,633

582,184

605,633

CURRENT ASSETS

Stocks

130,020

112,957

Debtors

6

174,780

159,016

Cash at bank and in hand

105,766

95,249

410,566

367,222

CREDITORS

Amounts falling due within one year

7

(221,576

)

(306,960

)

NET CURRENT ASSETS

188,990

60,262

TOTAL ASSETS LESS CURRENT
LIABILITIES

771,174

665,895

CREDITORS

Amounts falling due after more than one
year

8

(146,024

)

(161,434

)

PROVISIONS FOR LIABILITIES

(14,812

)

(12,362

)

NET ASSETS

610,338

492,099

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

610,337

492,098

SHAREHOLDERS' FUNDS

610,338

492,099

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 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 23 January 2026 and were signed by:

Mr S D Allan - Director

1.	STATUTORY INFORMATION

Building Solutions (Perth) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC325107. The registered office is The Design House, Ruthvenfield Road, Inveralmond Industrial Estate, Perth PH1 3EE.

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 goods and services in respect of building work carried out during the year, excluding value added tax. Income is recognised on completion of the service provided.

Goodwill and amortisation

Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated useful economic life of that asset as follows:

Goodwill

-

Straight line over 10 years

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 20% on cost and 10% on cost

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 valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

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 year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

36,000

AMORTISATION

At 1 September 2024

and 31 August 2025

36,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 September 2024

457,995

419,519

877,514

Additions

-

11,785

At 31 August 2025

457,995

431,304

889,299

DEPRECIATION

At 1 September 2024

-

271,881

Charge for year

-

35,234

At 31 August 2025

-

307,115

NET BOOK VALUE

At 31 August 2025

457,995

124,189

582,184

At 31 August 2024

457,995

147,638

605,633

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

Plant and

machinery

etc

£

COST

At 1 September 2024

51,890

Additions

11,785

Transfer to ownership

(16,995

)

At 31 August 2025

46,680

DEPRECIATION

At 1 September 2024

17,858

Charge for year

8,871

Transfer to ownership

(12,310

)

At 31 August 2025

14,419

NET BOOK VALUE

At 31 August 2025

32,261

At 31 August 2024

34,032

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

102,890

94,962

Other debtors

71,890

64,054

174,780

159,016

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Bank loans and overdrafts

16,074

Hire purchase contracts

10,792

9,675

Trade creditors

55,764

99,795

Taxation and social security

87,132

63,822

Other creditors

51,814

117,594

221,576

306,960

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.25

31.8.24

£

Bank loans

136,630

152,704

Hire purchase contracts

9,394

8,730

146,024

161,434

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

Bank loans

152,704

168,778

Hire purchase contracts

20,186

18,405

172,890

187,183

Svenska Handelsbanken hold a bond and floating charge over the assets of the company as well as a standard security over the property of the company.

Amounts due on hire purchase are secured over the individual assets concerned.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.8.25

31.8.24

£

Mr S D Allan

Balance outstanding at start of year

30,982

18,487

Amounts advanced

8,969

12,495

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

39,951

30,982