SILVERBIRCH CONTRACTS LIMITED


Director	GIBSON, John


Registered Address	Unit 12, High House Industrial Estate Barony Road
	Auchinleck
	Cumnock
	KA18 2LL


Registered Number	SC413446 (Scotland)

Statement of Financial Position
31 March 2025

	Notes	31 Mar 2025		31 Dec 2023
		£	£	£	£
Fixed assets
Tangible assets	3		67,588		101,153
Investments	4		225,000		106,058
			292,588		207,211
Current assets
Stocks	5	8,000		33,158
Debtors		210,928		37,382
Cash at bank and on hand		-		16,323
		218,928		86,863
Creditors amounts falling due within one year		(439,428)		(356,524)
Net current assets (liabilities)			(220,500)		(269,661)
Total assets less current liabilities			72,088		(62,450)
Creditors amounts falling due after one year			-		(41,055)
Provisions for liabilities	7		(38,500)		-
Net assets			33,588		(103,505)
Capital and reserves
Called up share capital			100		100
Other reserves			118,942		-
Profit and loss account			(85,454)		(103,605)
Shareholders' funds			33,588		(103,505)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 27 May 2026, and are signed on its behalf by:

GIBSON, John
Director
Registered Company No. SC413446

SILVERBIRCH CONTRACTS LIMITED

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4
	Vehicles	4

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2023
	Average number of employees during the year	12		16

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	223,620
	Additions	44,353
	Disposals	(45,234)
	At 31 March 25	222,739
	Depreciation and impairment
	At 01 January 24	122,467
	Charge for year	50,781
	On disposals	(18,097)
	At 31 March 25	155,151
	Net book value
	At 31 March 25	67,588
	At 31 December 23	101,153

4.	Fixed asset investments
	Investment property is stated at fair value at the reporting date. Gains or losses arising from changes in fair value are recognised in profit or loss for the year. The fair value of the investment property at 31 March 2025 was £225,000 (2023: £106,058), resulting in a fair value gain recognised in the profit and loss account of £118,942. The valuation was based on market value at the balance sheet date. The directors consider the carrying value to reflect the fair value of the property. Deferred tax has been recognised in respect of the fair value gain.

Fixed asset investments

Investment property is stated at fair value at the reporting date. Gains or losses arising from changes in fair value are recognised in profit or loss for the year.

The fair value of the investment property at 31 March 2025 was £225,000 (2023: £106,058), resulting in a fair value gain recognised in the profit and loss account of £118,942.

The valuation was based on market value at the balance sheet date. The directors consider the carrying value to reflect the fair value of the property.

Deferred tax has been recognised in respect of the fair value gain.

		Total
		£
	Cost or valuation
	At 01 January 24	106,058
	Revaluations	118,942
	At 31 March 25	225,000
	Net book value
	At 31 March 25	225,000
	At 31 December 23	106,058

5.	Stocks

	2025	2023
	£	£
Work in progress	-	15,158
Other stocks	8,000	18,000
Total	8,000	33,158

6.	Obligations under finance leases

		2025		2023
		£		£
	Finance lease and HP contracts	4,343		26,889

7.	Provisions for liabilities
	Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The deferred tax balance arises partly from gains recognised on the revaluation of investment properties measured at fair value.

	2025	2023
	£	£
Net deferred tax liability (asset)	38,500	-
Total	38,500	-

8.	Share capital
	Allotted, called up and fully paid: 100 Ordinary shares of £1 each 2025: £100 2023: £100

9.	Related party transactions
	At 31st March 2025, the company owed Mr John Gibson, Director, £148,432 (2023: £160,845). The loan is interest free and has no fixed date for repayment.

10.	Change in reporting period and impact on comparability
	During the year, the company changed its accounting reference date from 31 December to 31 March. Accordingly, the current financial statements cover the fifteen-month period ended 31 March 2025, whereas the comparative figures cover the twelve-month period ended 31 December 2023. As a result, the comparative amounts shown in these financial statements are not directly comparable with those for the current period.

10.

Change in reporting period and impact on comparability

During the year, the company changed its accounting reference date from 31 December to 31 March. Accordingly, the current financial statements cover the fifteen-month period ended 31 March 2025, whereas the comparative figures cover the twelve-month period ended 31 December 2023.

As a result, the comparative amounts shown in these financial statements are not directly comparable with those for the current period.