REGISTERED NUMBER: SC120527 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Lewis Builders Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

699,179

477,465

CURRENT ASSETS

Stocks

125,632

227,105

Debtors

5

600,256

529,995

Cash at bank and in hand

1,046,376

711,312

1,772,264

1,468,412

CREDITORS

Amounts falling due within one year

6

(806,465

)

(550,843

)

NET CURRENT ASSETS

965,799

917,569

TOTAL ASSETS LESS CURRENT LIABILITIES

1,664,978

1,395,034

CREDITORS

Amounts falling due after more than one year

7

(69,434

)

-

PROVISIONS FOR LIABILITIES

(159,702

)

(119,366

)

NET ASSETS

1,435,842

1,275,668

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Capital redemption reserve

2,500

2,500

Retained earnings

1,430,842

1,270,668

1,435,842

1,275,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2026 and were signed on its behalf by:

Mr D MacLennan - Director

1.	STATUTORY INFORMATION

Lewis Builders Limited is a private company, limited by shares, domiciled in Scotland, registration number SC120527. The registered office is Rigs Road, Stornoway, Isle of Lewis, Western Isles, HS1 2RF.

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 in respect of construction of buildings, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

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 etc

-

33% on cost, 25% on cost and 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2024 - 70 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

1,204,591

Additions

371,395

Disposals

(28,750

)

At 30 November 2025

1,547,236

DEPRECIATION

At 1 December 2024

727,126

Charge for year

138,563

Eliminated on disposal

(17,632

)

At 30 November 2025

848,057

NET BOOK VALUE

At 30 November 2025

699,179

At 30 November 2024

477,465

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

Plant and

machinery

etc

£

COST

At 1 December 2024

86,424

Additions

139,275

Transfer to ownership

(86,424

)

At 30 November 2025

139,275

DEPRECIATION

At 1 December 2024

26,995

Charge for year

20,194

Transfer to ownership

(26,995

)

At 30 November 2025

20,194

NET BOOK VALUE

At 30 November 2025

119,081

At 30 November 2024

59,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

517,807

428,958

Amounts owed by associates

47,567

67,959

Other debtors

34,882

33,078

600,256

529,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Hire purchase contracts

29,498

14,278

Trade creditors

193,215

235,844

Taxation and social security

528,570

296,221

Other creditors

55,182

4,500

806,465

550,843

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Hire purchase contracts

69,434

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

98,932

14,278

Balances due on hire purchase are secured against the assets to which they relate.

9.	RELATED PARTY DISCLOSURES

At the year end the company was owed £47,567 (2024 £67,959) by a company with common directors and shareholders.