REGISTERED NUMBER: SC745712 (Scotland)

Unaudited Financial Statements for the Year Ended 30 May 2026

for

Northwind Contracts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss Ariana McDermott

Barry McDermott

REGISTERED OFFICE:

20 Croftcroighn Road

Glasgow

G33 3SL

REGISTERED NUMBER:

SC745712 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

775,945

821,589

Tangible assets

5

116,505

156,399

892,450

977,988

CURRENT ASSETS

Stock

31,250

29,500

Debtors

6

117,279

141,772

Cash at bank and in hand

152,801

101,101

301,330

272,373

CREDITORS

Amounts falling due within one year

7

217,416

578,131

NET CURRENT ASSETS/(LIABILITIES)

83,914

(305,758

)

TOTAL ASSETS LESS CURRENT LIABILITIES

976,364

672,230

CREDITORS

Amounts falling due after more than one year

8

(891,321

)

(612,605

)

PROVISIONS FOR LIABILITIES

10

(23,337

)

(21,056

)

NET ASSETS

61,706

38,569

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

61,606

38,469

SHAREHOLDERS' FUNDS

61,706

38,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2026.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

Miss Ariana McDermott - Director

1.	STATUTORY INFORMATION

Northwind Contracts 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Fittings and equipment

-

20% on cost

Motor vehicles

-

20% on reducing balance

Stocks

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

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 May 2025

and 30 May 2026

912,877

AMORTISATION

At 31 May 2025

91,288

Amortisation for year

45,644

At 30 May 2026

136,932

NET BOOK VALUE

At 30 May 2026

775,945

At 30 May 2025

821,589

5.	TANGIBLE FIXED ASSETS

Fittings

and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 31 May 2025

122,907

115,417

238,324

Additions

1,523

-

1,523

At 30 May 2026

124,430

115,417

239,847

DEPRECIATION

At 31 May 2025

49,162

32,763

81,925

Charge for year

24,886

16,531

41,417

At 30 May 2026

74,048

49,294

123,342

NET BOOK VALUE

At 30 May 2026

50,382

66,123

116,505

At 30 May 2025

73,745

82,654

156,399

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

Motor

vehicles

£

COST

At 31 May 2025

and 30 May 2026

96,920

DEPRECIATION

At 31 May 2025

26,104

Charge for year

14,163

At 30 May 2026

40,267

NET BOOK VALUE

At 30 May 2026

56,653

At 30 May 2025

70,816

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

103,594

127,957

Other debtors

13,685

13,815

117,279

141,772

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

44,998

44,998

Hire purchase contracts

15,218

15,218

Trade creditors

107,708

121,915

Taxation and social security

45,281

6,492

Other creditors

4,211

389,508

217,416

578,131

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

492,533

544,485

Hire purchase contracts

52,900

68,120

Other creditors

345,888

-

891,321

612,605

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

312,540

364,492

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

537,531

589,483

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

23,337

21,056

Deferred

tax

£

Balance at 31 May 2025

21,056

Provided during year

2,281

Balance at 30 May 2026

23,337

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100