REGISTERED NUMBER: SC779592 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Viewforth Joinery Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

T Lehmann

REGISTERED OFFICE:

34 East Claremont Street

Edinburgh

EH7 4JR

REGISTERED NUMBER:

SC779592 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Tangible assets

4

13,236

17,532

CURRENT ASSETS

Stocks

-

33,061

Debtors

5

83,798

89,365

Cash at bank

239

19,858

84,037

142,284

CREDITORS

Amounts falling due within one year

6

143,923

137,027

NET CURRENT (LIABILITIES)/ASSETS

(59,886

)

5,257

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,650

)

22,789

PROVISIONS FOR LIABILITIES

3,309

4,383

NET (LIABILITIES)/ASSETS

(49,959

)

18,406

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(50,159

)

18,206

(49,959

)

18,406

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 19 May 2026 and were signed by:

T Lehmann - Director

1.	STATUTORY INFORMATION

Viewforth Joinery Ltd 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.

Going concern

The director acknowledges the net liability position of the company at the balance sheet date.

Post year end the company has made changes to the day to day running of the business. These include reducing the number of projects they are working on at one time in order to avoid unforeseen costs. This also allows the director to carry out the majority of the work and reduce the need for subcontractors. Additionally, new contracts have been won post year end which the director views as providing more reliable margins.

The trade creditors due at the balance sheet date are planned to be repaid by the next year end.

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.

Plant and machinery

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipments

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipments

Totals

£

£

£

£

COST

At 1 September 2024

1,557

15,030

3,321

19,908

Additions

217

-

-

217

At 31 August 2025

1,774

15,030

3,321

20,125

DEPRECIATION

At 1 September 2024

344

1,104

928

2,376

Charge for year

411

3,006

1,096

4,513

At 31 August 2025

755

4,110

2,024

6,889

NET BOOK VALUE

At 31 August 2025

1,019

10,920

1,297

13,236

At 31 August 2024

1,213

13,926

2,393

17,532

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

12,156

30,935

Other debtors

29,109

7,772

Directors' current accounts

37,192

49,099

VAT

3,724

492

Prepayments and accrued income

1,617

1,067

83,798

89,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

36,234

13,535

Corporation tax

12,553

1,981

Other creditors

92,352

121,511

Accrued expenses

2,784

-

143,923

137,027

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2025 and the period ended 31 August 2024:

31.8.25

31.8.24

£

£

D Singh

Balance outstanding at start of year

29,072

-

Amounts advanced

35,670

38,681

Amounts repaid

(42,257

)

(9,609

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,485

29,072

T Lehmann

Balance outstanding at start of year

20,027

-

Amounts advanced

43,782

74,172

Amounts repaid

(49,102

)

(54,145

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,707

20,027

The overdrawn director's loans are unsecured and have no fixed repayment terms attached. Interest has been charged on balances in excess of £10,000 at HMRC's ORI.

8.	RELATED PARTY DISCLOSURES

In the prior period the company received loans totalling £121,500 from a close family member of a director/shareholder. During the reporting period the company made repayments of £29,500. The balance at the year end is £92,000 and is included within creditors.

The loan is interest free, unsecured and has no fixed repayment terms.