REGISTERED NUMBER: SO305616 (Scotland)

Financial Statements for the Year Ended 31 March 2026

for

GORDON & HALLIDAY FLOORING CONTRACTORS

LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Designated members:

M Edwards

B Edwards

B Gordon

G Gordon

Registered office:

24/5B Dryden Road

Bilston Glen Ind. Estate

Loanhead

Midlothian

EH20 9HX

Registered number:

SO305616 (Scotland)

Accountants:

James Anderson & Co

Chartered Accountants

Pentland Estate

Straiton

Edinburgh

EH20 9QH

Fixed assets

Tangible assets

4

115,456

120,894

Current assets

Stock

11,318

11,555

Debtors

5

540,472

543,247

Cash at bank

218,560

265,601

770,350

820,403

Creditors

Amounts falling due within one year

6

(401,920

)

(389,717

)

Net current assets

368,430

430,686

Total assets less current liabilities

483,886

551,580

Creditors

Amounts falling due after more than one year

7

(93,110

)

(126,931

)

Net assets attributable to members

390,776

424,649

Loans and other debts due to members

8

390,776

424,649

Total members' interests

Loans and other debts due to members

8

390,776

424,649

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 August 2026 and were signed by:

B Gordon - Designated member

1.	Statutory information

Gordon & Halliday Flooring Contractors LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 and value added tax.

Turnover was derived from one activity which is that of flooring contractors and is recognised when the service is delivered. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest income is recognised using the effective interest method.

Tangible fixed assets

Expenditure is capitalised as a fixed asset where it represents either a new asset or an enhancement to an

existing asset. Depreciation is provided at the following annual rates in order to write off each asset over its

expected useful life less estimated residual value.

.

Motor vehicles - 20% reducing balance

Workshop equipment - 15% reducing balance

Office equipment - 4 years straight line

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each

balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks and work in progress

Stocks have been valued at the lower of cost and net realisable value. Work in progress has been valued at the cost price of materials and direct labour.

Debtors and creditors receivable / payable within one year

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 other

administrative expenses.

Bank and cash

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Members' remuneration

All profits are divided after a decision by the LLP and are classed as an appropriation of profits rather than as an expense.

Tax provision

The taxation payable on profits is the personal liability of the members during the year. No retention from profits is made to fund payments of taxation on members' behalf.

3.	Employee information

The average number of employees during the year was 27 (2025 - 27 ) .

4.	Tangible fixed assets

Workshop

Motor

Office

equipment

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2025

23,008

245,219

13,837

282,064

Additions

-

22,999

-

22,999

At 31 March 2026

23,008

268,218

13,837

305,063

Depreciation

At 1 April 2025

16,153

131,180

13,837

161,170

Charge for year

1,029

27,408

-

28,437

At 31 March 2026

17,182

158,588

13,837

189,607

Net book value

At 31 March 2026

5,826

109,630

-

115,456

At 31 March 2025

6,855

114,039

-

120,894

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

527,560

534,092

Other debtors

12,912

9,155

540,472

543,247

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

252,122

238,940

Taxation and social security

108,198

109,177

Other creditors

41,600

41,600

401,920

389,717

7.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Other creditors

93,110

126,931

8.

Loans and other debts due to members

2026

2025

£

£

Amounts owed to members in respect of profits

390,776

424,649

Falling due within one year

390,776

424,649

Loans and other debts due to members rank pari passu with unsecured creditors.

9.	Other financial commitments

At 31 March 2026 the LLP had total commitments under non-cancellable operating leases over the remaining life of those leases of £113,853 (2025: £193,975).