REGISTERED NUMBER: SC582862 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

LOCHABER ENGINEERING & WELDING SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F MacTavish

I MacTavish

I MacTavish

REGISTERED OFFICE:

Sunny Brae

Corpach

FORT WILLIAM

Inverness-shire

PH33 7LT

REGISTERED NUMBER:

SC582862 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

105,052

128,024

CURRENT ASSETS

Stocks

4,700

3,300

Debtors

5

146,954

192,369

Cash at bank and in hand

117,738

66,330

269,392

261,999

CREDITORS

Amounts falling due within one year

6

175,944

184,678

NET CURRENT ASSETS

93,448

77,321

TOTAL ASSETS LESS CURRENT LIABILITIES

198,500

205,345

CREDITORS

Amounts falling due after more than one year

7

(8,412

)

(30,469

)

PROVISIONS FOR LIABILITIES

(26,263

)

(36,766

)

NET ASSETS

163,825

138,110

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

163,725

138,010

SHAREHOLDERS' FUNDS

163,825

138,110

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 26 May 2026 and were signed on its behalf by:

I MacTavish - Director

1.	STATUTORY INFORMATION

Lochaber Engineering & Welding Services 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

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

169,628

17,716

154,219

11,219

352,782

Additions

10,567

-

-

1,475

12,042

At 31 March 2026

180,195

17,716

154,219

12,694

364,824

DEPRECIATION

At 1 April 2025

106,277

11,299

97,626

9,556

224,758

Charge for year

18,019

963

14,148

1,884

35,014

At 31 March 2026

124,296

12,262

111,774

11,440

259,772

NET BOOK VALUE

At 31 March 2026

55,899

5,454

42,445

1,254

105,052

At 31 March 2025

63,351

6,417

56,593

1,663

128,024

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

Motor

vehicles

£

COST

At 1 April 2025

111,453

Transfer to ownership

(61,460

)

At 31 March 2026

49,993

DEPRECIATION

At 1 April 2025

65,343

Charge for year

9,999

Transfer to ownership

(55,344

)

At 31 March 2026

19,998

NET BOOK VALUE

At 31 March 2026

29,995

At 31 March 2025

46,110

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

142,689

187,819

Other debtors

4,265

4,550

146,954

192,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,281

10,000

Hire purchase contracts

18,552

18,749

Trade creditors

20,380

38,736

Taxation and social security

56,714

34,318

Other creditors

77,017

82,875

175,944

184,678

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

3,702

Hire purchase contracts

8,412

26,767

8,412

30,469