Company Registration No. SC755169 (Scotland)
Elite Screed Systems Limited
Unaudited accounts
for the year ended 31 March 2026
Elite Screed Systems Limited
Unaudited accounts
Contents
Elite Screed Systems Limited
Company Information
for the year ended 31 March 2026
Directors
John McKeown
Kelly Shirley McKeown
Company Number
SC755169 (Scotland)
Registered Office
63 North Bridge Street
Airdrie
Lanarkshire
ML6 6NE
Scotland
Accountants
SK and Co
3rd Floor, St. Georges Building
5 St. Vincent Place
Glasgow
G1 2DH
Elite Screed Systems Limited
Statement of financial position
as at 31 March 2026
Tangible assets
122,702
158,985
Cash at bank and in hand
21,505
1,940
Creditors: amounts falling due within one year
(232,833)
(69,931)
Net current assets
77,684
51,864
Total assets less current liabilities
200,386
210,849
Creditors: amounts falling due after more than one year
(114,774)
(133,825)
Called up share capital
100
100
Profit and loss account
85,512
76,924
Shareholders' funds
85,612
77,024
For the year ending 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by
John McKeown
Director
Company Registration No. SC755169
Elite Screed Systems Limited
Notes to the Accounts
for the year ended 31 March 2026
Elite Screed Systems Limited is a private company, limited by shares, registered in Scotland, registration number SC755169. The registered office is 63 North Bridge Street, Airdrie, Lanarkshire, ML6 6NE, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing balance @ 25%
Motor vehicles
Reducing balance @ 25%
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Elite Screed Systems Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2025
7,622
183,226
190,848
Disposals
-
(16,537)
(16,537)
At 31 March 2026
7,622
181,179
188,801
At 1 April 2025
2,144
29,719
31,863
Charge for the year
1,369
37,518
38,887
On disposals
-
(4,651)
(4,651)
At 31 March 2026
3,513
62,586
66,099
At 31 March 2026
4,109
118,593
122,702
At 31 March 2025
5,478
153,507
158,985
Amounts falling due within one year
Trade debtors
117,710
96,874
Accrued income and prepayments
1,411
2,264
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
19,051
26,733
Trade creditors
151,984
28,783
Taxes and social security
26,578
6,509
Loans from directors
33,626
7,825
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
114,774
133,825
8
Average number of employees
During the year the average number of employees was 2 (2025: 2).