REGISTERED NUMBER: SC104994 (Scotland)

Financial Statements for the Year Ended 31 August 2025

for

Building Craftsmen (Yeovil) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J Hewitson

N Hewitson

REGISTERED OFFICE:

The Hollies

Peatford

Lockerbie

DG11 1BJ

REGISTERED NUMBER:

SC104994 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

288,095

300,908

Investments

6

50

50

288,145

300,958

CURRENT ASSETS

Stocks

304,806

666,705

Debtors

7

769,121

659,313

Investments

8

945

945

Cash at bank

1,387,041

981,484

2,461,913

2,308,447

CREDITORS

Amounts falling due within one year

9

(344,334

)

(245,280

)

NET CURRENT ASSETS

2,117,579

2,063,167

TOTAL ASSETS LESS CURRENT LIABILITIES

2,405,724

2,364,125

CREDITORS

Amounts falling due after more than one year

10

(55,598

)

(30,334

)

PROVISIONS FOR LIABILITIES

(13,167

)

(12,167

)

NET ASSETS

2,336,959

2,321,624

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

13

2,336,859

2,321,524

SHAREHOLDERS' FUNDS

2,336,959

2,321,624

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

W J Hewitson - Director

N Hewitson - Director

1.	STATUTORY INFORMATION

Building Craftsmen (Yeovil) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1995, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash at bank and in hand.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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.

Investments

Investments are included at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

1,000

AMORTISATION

At 1 September 2024

and 31 August 2025

1,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2024

232,615

620,750

853,365

Additions

-

92,341

92,341

Disposals

-

(62,596

)

(62,596

)

Reclassification/transfer

20,603

(20,603

)

-

At 31 August 2025

253,218

629,892

883,110

DEPRECIATION

At 1 September 2024

194,461

357,996

552,457

Charge for year

11,752

80,365

92,117

Eliminated on disposal

-

(49,559

)

(49,559

)

At 31 August 2025

206,213

388,802

595,015

NET BOOK VALUE

At 31 August 2025

47,005

241,090

288,095

At 31 August 2024

38,154

262,754

300,908

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

Motor

vehicles

£

COST

At 1 September 2024

487,069

Additions

92,341

Transfer to ownership

(51,396

)

At 31 August 2025

528,014

DEPRECIATION

At 1 September 2024

280,225

Charge for year

71,748

Transfer to ownership

(39,200

)

At 31 August 2025

312,773

NET BOOK VALUE

At 31 August 2025

215,241

At 31 August 2024

206,844

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

50

NET BOOK VALUE

At 31 August 2025

50

At 31 August 2024

50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

294,917

240,340

Other debtors

474,204

418,973

769,121

659,313

8.	CURRENT ASSET INVESTMENTS

31.8.25

31.8.24

£

£

Vehicle registrations

945

945

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 11)

47,215

25,964

Trade creditors

150,626

99,538

Taxation and social security

84,448

85,526

Other creditors

62,045

34,252

344,334

245,280

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 11)

55,598

30,334

11.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

47,215

25,964

Between one and five years

55,598

30,334

102,813

56,298

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts

102,813

56,298

Hire purchase creditors are secured over the assets to which they relate.

13.

RESERVES

Retained

earnings

£

At 1 September 2024

2,321,524

Profit for the year

61,253

Dividends

(45,918

)

At 31 August 2025

2,336,859