|
|
|
|
|
|
Waverley Construction Ltd
|
|
|
|
|
|
Notes to the financial statements
|
|
|
for the year ended 31 August 2025
|
|
|
|
|
|
|
|
|
1
|
Company information
|
|
|
|
|
|
|
|
Waverley Construction Ltd is a private company registered in Scotland. Its registered number is
SC740738. The company is limited by shares. Its registered office is 3 Ferguson Gardens,
Musselburgh, Midlothian, EH21 6XF.
|
|
|
|
|
|
|
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 historic cost convention.
|
|
|
|
|
|
|
|
Presentation currency
|
|
|
|
The company's financial statements are presented in sterling.
|
|
|
|
|
|
|
|
Going concern
|
|
|
|
In preparing these financial statements, the director has assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the director takes into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
|
|
|
|
|
|
|
|
The director considers that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
|
|
|
|
|
|
|
|
Turnover
|
|
|
|
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, Value Added Tax and other sales taxes.
|
|
|
|
|
|
|
|
Taxation
|
|
|
|
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.
|
|
|
|
|
|
|
|
Current 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.
|
|
|
|
|
|
|
|
Retirement benefits
|
|
|
|
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit and loss in the period to which they relate.
|
|
|
|
|
|
|
2
|