VRW Contractors Ltd Accounts






	VRW Contractors Ltd
	Company No. SC657520

	Information for Filing with The Registrar
	31 March 2026

The Directors present their report and the accounts for the year ended 31 March 2026.

Principal activities

The principal activity of the company during the year under review was .


Directors

The Directors who served at any time during the year were as follows:

RussellWill
VickiWill




The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

VickiWill
Director
31 March 2026

at	31 March 2026
Company No.		SC657520	Notes	2026	2025
				£	£
Fixed assets
	Intangible assets		5	10,100	12,300
	Tangible assets		6	32,136	36,621
				42,236	48,921
Current assets
	Stocks		7	15,600	13,600
	Debtors		8	22,173	28,823
	Investments		9	-	-
	Cash at bank and in hand			2,159	5,766
				39,932	48,189
Creditors: Amount falling due within one year			10	(46,897)	(47,271)
Net current (liabilities)/assets				(6,965)	918
Total assets less current liabilities				35,271	49,839
Creditors: Amounts falling due after more than one year			11	(8,021)	(458)
Net assets				27,250	49,381

Capital and reserves
	Called up share capital			2	2
	Profit and loss account		13	27,248	49,379

Total equity				27,250	49,381


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.


As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 March 2026 and signed on its behalf by:
VickiWill
Director
31 March 2026

for the year ended 31 March 2026

1

General information

VRW Contractors Ltd is a private company limited by shares and incorporated in Scotland.

Its registered number is: SC657520

Its registered office is:

Hawthorn Cottage

New Deer

AB53 6TL

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

16 to 33% straight line

Motor vehicles

10 to 25% straight line

Furniture, fittings and equipment

20% straight line

Leased assets

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Employee benefits

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
		2026	2025
		Number	Number
	The average monthly number of employees (including directors) during the year was:	2	2

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	-	6,428
		Total corporation tax	-	6,428.00

		Tax on profit on ordinary activities	-	6,428

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2026	2025
		2115	£	£
		Profit on ordinary activities before tax	(11,131)	20,954

		Standard rate of corporation tax in the United Kingdom	19%	19%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(2,115)	3,981
		Expenses not deductible for tax purposes	2,115	2,447
		Tax on profit on ordinary activities	-	6,428

5	Intangible fixed assets
			Goodwill	Patents and trade-marks	Development costs	Other	Total
			£	£	£	£	£
		Cost
		At 1 April 2025	22,000	-	-	-	22,000
		At 31 March 2026	22,000	-	-	-	22,000
		Amortisation and impairment
		At 1 April 2025	9,700	-	-	-	9,700
		Charge for the year	2,200	-	-	-	2,200
		At 31 March 2026	11,900	-	-	-	11,900
		Net book values
		At 31 March 2026	10,100	-	-	-	10,100
		At 31 March 2025	12,300	-	-	-	12,300

		GOODWILL Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired. Goodwill is initially recorded at cost and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

6	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 April 2025	-	49,581	33,705	1,813	85,099
		Additions	-	2,000	14,750	-	16,750
		Disposals	-	-	(17,200)	-	(17,200)
		At 31 March 2026	-	51,581	31,255	1,813	84,649
		Depreciation
		At 1 April 2025	-	25,249	23,157	72	48,478
		Charge for the year	-	10,367	7,641	363	18,371
		Disposals	-	-	(14,336)	-	(14,336)
		At 31 March 2026	-	35,616	16,462	435	52,513
		Net book values
		At 31 March 2026	-	15,965	14,793	1,378	32,136
		At 31 March 2025	-	24,332	10,548	1,741	36,621

		Freehold land and buildings
						2026	2025
						£	£


		Leased (right-of-use assets) assets included in tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment
		Net book values	£	£	£	£
		At 31 March 2026	-	-	14,794	-
		At 31 March 2025	-	-	10,548	-

7	Stocks
			2026	2025
			£	£
		Raw materials and consumables	15,600	13,600
			15,600	13,600

8	Debtors
			2026	2025
			£	£
		Trade debtors	-	10,106
		VAT recoverable	4,495	-
		Other debtors	16,828	17,251
		Prepayments and accrued income	850	1,466
			22,173	28,823

9

Current asset investments

10	Creditors:
		amounts falling due within one year
			2026	2025
			£	£
		Bank loans and overdrafts	1,750	4,083
		Obligations under finance lease and hire purchase contracts	3,896	2,749
		Taxes and social security	8,976	15,069
		Loans from directors	32,275	25,370
			46,897	47,271

11	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£
		Obligations under finance lease and hire purchase contracts	8,021	458
			8,021	458

12

Share Capital

2 Ordinary shares of £1 nominal value fully paid up

13	Reserves
			Revaluation Reserve	Capital redemption reserve	Total other reserves
			£	£	£

		Profit and loss account - includes all current and prior period retained profits and losses.

14	Dividends
			2026	2025
			£	£
		Dividends for the period:
		Dividends paid in the period	-	-
		Dividends accrued at the period end	11,000	8,500
			11,000	8,500

		Dividends by type:
		Non-equity preference dividends	-	-
		Equity dividends	11,000	8,500
			11,000	8,500