REGISTERED NUMBER: SC426209 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SOLWAY PRECAST PRODUCTS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Gillon

Mrs S J Donnelly

Mr R Kosak

Mr M Smith

Mr G A D Walton

REGISTERED OFFICE:

Braehead

Barrmill

Girvan

Ayrshire

KA26 0QR

REGISTERED NUMBER:

SC426209 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

FIXED ASSETS

Tangible assets

4

826,135

786,533

CURRENT ASSETS

Stocks

636,110

624,346

Debtors

5

1,254,541

1,142,858

Cash at bank

876,865

270,544

2,767,516

2,037,748

CREDITORS

Amounts falling due within one year

6

1,123,210

786,335

NET CURRENT ASSETS

1,644,306

1,251,413

TOTAL ASSETS LESS CURRENT LIABILITIES

2,470,441

2,037,946

CREDITORS

Amounts falling due after more than one year

7

(378,331

)

(455,567

)

PROVISIONS FOR LIABILITIES

9

(143,985

)

(2,527

)

NET ASSETS

1,948,125

1,579,852

CAPITAL AND RESERVES

Called up share capital

6,125

6,125

Capital redemption reserve

18,875

18,875

Retained earnings

1,923,125

1,554,852

1,948,125

1,579,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 9 July 2026 and were signed on its behalf by:

Mr A Gillon - Director

1.	STATUTORY INFORMATION

Solway Precast Products 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Office equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 43 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 November 2024

303,940

791,617

31,415

Additions

-

184,479

-

At 31 October 2025

303,940

976,096

31,415

Depreciation

At 1 November 2024

72,946

414,880

2,379

Charge for year

6,079

75,802

6,283

At 31 October 2025

79,025

490,682

8,662

Net book value

At 31 October 2025

224,915

485,414

22,753

At 31 October 2024

230,994

376,737

29,036

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1 November 2024

274,956

14,225

1,416,153

Additions

-

-

184,479

At 31 October 2025

274,956

14,225

1,600,632

Depreciation

At 1 November 2024

126,009

13,406

629,620

Charge for year

56,150

563

144,877

At 31 October 2025

182,159

13,969

774,497

Net book value

At 31 October 2025

92,797

256

826,135

At 31 October 2024

148,947

819

786,533

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 November 2024

and 31 October 2025

54,950

186,604

241,554

Depreciation

At 1 November 2024

8,700

63,235

71,935

Charge for year

5,495

46,651

52,146

At 31 October 2025

14,195

109,886

124,081

Net book value

At 31 October 2025

40,755

76,718

117,473

At 31 October 2024

46,250

123,369

169,619

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

1,124,882

1,092,997

Other debtors

129,659

49,861

1,254,541

1,142,858

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

42,243

39,477

Hire purchase contracts

34,993

40,233

Trade creditors

560,128

334,430

Taxation and social security

241,709

198,170

Other creditors

244,137

174,025

1,123,210

786,335

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

350,939

393,182

Hire purchase contracts

27,392

62,385

378,331

455,567

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

147,825

204,092

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

393,182

432,659

Hire purchase contracts

62,385

102,618

455,567

535,277

The bank loan is secured by a standard security over the company's freehold property together with a floating charge over the company's other assets.

Hire purchase creditors are secured over the specific assets financed.

9.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

143,985

2,527

Deferred

tax

£

Balance at 1 November 2024

2,527

Provided during year

141,458

Balance at 31 October 2025

143,985