REGISTERED NUMBER: SC163051 (Scotland)

Unaudited Financial Statements for the Year Ended 31st January 2026

for

GAUGHAN BUILDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Gaughan

G Peterson

SECRETARY:

T Gaughan

REGISTERED OFFICE:

47 Clydesdale Street

Hamilton

ML3 0DD

REGISTERED NUMBER:

SC163051 (Scotland)

ACCOUNTANTS:

Pecuniae Limited

10 Abercorn Drive

Hamilton

ML3 7EX

BANKERS:

The Royal Bank of Scotland plc

Palace Towers

Hamilton

ML3 6AD

FIXED ASSETS

Tangible assets

4

58,112

71,056

CURRENT ASSETS

Debtors

5

305,853

115,149

Cash at bank and in hand

132,619

305,704

438,472

420,853

CREDITORS

Amounts falling due within one year

6

133,422

123,555

NET CURRENT ASSETS

305,050

297,298

TOTAL ASSETS LESS CURRENT LIABILITIES

363,162

368,354

CREDITORS

Amounts falling due after more than one year

7

(428

)

(4,151

)

PROVISIONS FOR LIABILITIES

(11,041

)

(12,651

)

NET ASSETS

351,693

351,552

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

351,691

351,550

SHAREHOLDERS' FUNDS

351,693

351,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 30th June 2026 and were signed on its behalf by:

T Gaughan - Director

1.	STATUTORY INFORMATION

Gaughan Builders 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 represents amounts invoiced to outside customers, except in respect of contracting activities where turnover represents the value of work carried out during the year including amounts not invoiced. Turnover excludes value added tax.

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

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

Contract work in progress

Profit on contracting activities is recognised in work in progress where the outcome of the relevant contract can be assessed with reasonable certainty. Full provision is made for all known or expected losses at completion of each contract immediately such losses are foreseen. The amount attributable to contracts in the balance sheet (disclosed under debtors as amounts recoverable on contracts) is the value of measured work less certified payments on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2025

178,509

Additions

34,584

Disposals

(37,132

)

At 31st January 2026

175,961

DEPRECIATION

At 1st February 2025

107,453

Charge for year

30,703

Eliminated on disposal

(20,307

)

At 31st January 2026

117,849

NET BOOK VALUE

At 31st January 2026

58,112

At 31st January 2025

71,056

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

Plant and

machinery

etc

£

COST

At 1st February 2025

35,580

Additions

30,751

At 31st January 2026

66,331

DEPRECIATION

At 1st February 2025

22,793

Charge for year

12,437

At 31st January 2026

35,230

NET BOOK VALUE

At 31st January 2026

31,101

At 31st January 2025

12,787

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

23,397

36,674

Amounts recoverable on contract

238,316

68,940

Other debtors

44,140

9,535

305,853

115,149

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

9,942

7,099

Trade creditors

93,176

60,094

Taxation and social security

22,938

8,146

Other creditors

7,366

48,216

133,422

123,555

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

428

4,151

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

10,370

11,250

The bank overdraft facility is secured by a bond and floating charge over the assets of the company, together with a personal guarantee by one of the directors.

Hire purchase liabilities are secured over the relevant assets.