REGISTERED NUMBER: SC485942 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

Neil Young Joinery and Building Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Mr N Young

Mrs S J Young

SECRETARY:

REGISTERED OFFICE:

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

REGISTERED NUMBER:

SC485942 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Tangible assets

4

71,238

41,388

CURRENT ASSETS

Stocks

256,491

323,645

Debtors

5

85,793

98,893

Cash at bank

316,091

230,953

658,375

653,491

CREDITORS

Amounts falling due within one year

6

84,500

58,933

NET CURRENT ASSETS

573,875

594,558

TOTAL ASSETS LESS CURRENT LIABILITIES

645,113

635,946

PROVISIONS FOR LIABILITIES

10,647

2,989

NET ASSETS

634,466

632,957

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

634,366

632,857

SHAREHOLDERS' FUNDS

634,466

632,957

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 17 August 2026 and were signed on its behalf by:

Mr N Young - Director

Mrs S J Young - Director

1.	STATUTORY INFORMATION

Neil Young Joinery and Building 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 during the year net, exclusive of 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.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

STOCKS

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

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.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

25,000

103,700

77,199

874

206,773

Additions

-

-

46,822

1,332

48,154

Disposals

-

-

(25,542

)

-

(25,542

)

At 30 November 2025

25,000

103,700

98,479

2,206

229,385

DEPRECIATION

At 1 December 2024

-

96,836

67,676

873

165,385

Charge for year

-

5,274

13,030

-

18,304

Eliminated on disposal

-

-

(25,542

)

-

(25,542

)

At 30 November 2025

-

102,110

55,164

873

158,147

NET BOOK VALUE

At 30 November 2025

25,000

1,590

43,315

1,333

71,238

At 30 November 2024

25,000

6,864

9,523

1

41,388

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,634

3,168

Other debtors

62,394

62,394

VAT

11,724

31,138

Prepayments and accrued income

2,041

2,193

85,793

98,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

52,831

18,809

Tax

17,324

27,539

Social security and other taxes

1,518

375

Pensions

-

109

Directors' loan accounts

1,027

401

Accrued expenses

11,800

11,700

84,500

58,933

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

Mr N Young and Mrs S J Young

Balance outstanding at start of year

(401

)

(1,918

)

Amounts advanced

-

1,517

Amounts repaid

(626

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,027

)

(401

)