Acorah Software Products - Accounts Production 19.4.300 false true 30 June 2025 1 July 2024 false 1 July 2025 30 June 2026 30 June 2026 SC174407 Allan Quinn Leslie Quinn Shirley Quinn Shirley Quinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC174407 2025-06-30 SC174407 2026-06-30 SC174407 2025-07-01 2026-06-30 SC174407 frs-core:CurrentFinancialInstruments 2026-06-30 SC174407 frs-core:MotorVehicles 2026-06-30 SC174407 frs-core:MotorVehicles 2025-07-01 2026-06-30 SC174407 frs-core:MotorVehicles 2025-06-30 SC174407 frs-core:ShareCapital 2026-06-30 SC174407 frs-core:RetainedEarningsAccumulatedLosses 2026-06-30 SC174407 frs-bus:PrivateLimitedCompanyLtd 2025-07-01 2026-06-30 SC174407 frs-bus:FilletedAccounts 2025-07-01 2026-06-30 SC174407 frs-bus:SmallEntities 2025-07-01 2026-06-30 SC174407 frs-bus:AuditExempt-NoAccountantsReport 2025-07-01 2026-06-30 SC174407 frs-bus:SmallCompaniesRegimeForAccounts 2025-07-01 2026-06-30 SC174407 frs-bus:Director1 2025-07-01 2026-06-30 SC174407 frs-bus:Director2 2025-07-01 2026-06-30 SC174407 frs-bus:Director3 2025-07-01 2026-06-30 SC174407 frs-bus:CompanySecretary1 2025-07-01 2026-06-30 SC174407 frs-countries:Scotland 2025-07-01 2026-06-30 SC174407 2024-06-30 SC174407 2025-06-30 SC174407 2024-07-01 2025-06-30 SC174407 frs-core:CurrentFinancialInstruments 2025-06-30 SC174407 frs-core:ShareCapital 2025-06-30 SC174407 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30
Registered number: SC174407
Buist Contractors Limited
Unaudited Financial Statements
For The Year Ended 30 June 2026
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC174407
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,647 53,010
52,647 53,010
CURRENT ASSETS
Stocks 5 41,898 39,413
Debtors 6 151,203 186,862
Cash at bank and in hand 67,876 58,122
260,977 284,397
Creditors: Amounts Falling Due Within One Year 7 (136,935 ) (159,217 )
NET CURRENT ASSETS (LIABILITIES) 124,042 125,180
TOTAL ASSETS LESS CURRENT LIABILITIES 176,689 178,190
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,002 ) (10,635 )
NET ASSETS 166,687 167,555
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 166,587 167,455
SHAREHOLDERS' FUNDS 166,687 167,555
Page 1
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For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Allan Quinn
Director
10th September 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Buist Contractors Limited is a private company, limited by shares, incorporated in Scotland, registered number SC174407 . The registered office is 12 Millhill Road, Greenloaning bu Braco, FK15 0LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 July 2025 124,900
Additions 15,000
As at 30 June 2026 139,900
Depreciation
As at 1 July 2025 71,890
Provided during the period 15,363
As at 30 June 2026 87,253
Net Book Value
As at 30 June 2026 52,647
As at 1 July 2025 53,010
5. Stocks
2026 2025
£ £
Work in progress 41,898 39,413
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 48,505 83,920
VAT 1,253 1,497
Amounts owed by group undertakings 101,445 101,445
151,203 186,862
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 38,759 54,838
Bank loans and overdrafts 11,143 9,167
Corporation tax 3,303 -
Other taxes and social security 10,322 11,854
Accruals and deferred income 1,950 1,900
Directors' loan accounts 71,458 81,458
136,935 159,217
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
Page 5