REGISTERED NUMBER: SC391584 (Scotland)

Financial Statements

For The Year Ended 31 January 2026

for

Tradecast Building Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Bryce

REGISTERED OFFICE:

91 Alexander Street

Airdrie

North Lanarkshire

ML6 0BD

REGISTERED NUMBER:

SC391584 (Scotland)

ACCOUNTANTS:

Cahill Jack Associates Limited

91 Alexander Street

Airdrie

North Lanarkshire

ML6 0BD

FIXED ASSETS

Tangible assets

4

213,787

175,982

Investment property

5

296,819

296,819

510,606

472,801

CURRENT ASSETS

Stocks

92,991

158,419

Debtors

6

471,968

531,190

Cash at bank and in hand

13,735

22,937

578,694

712,546

CREDITORS

Amounts falling due within one year

7

113,690

164,404

NET CURRENT ASSETS

465,004

548,142

TOTAL ASSETS LESS CURRENT LIABILITIES

975,610

1,020,943

CREDITORS

Amounts falling due after more than one year

8

(75,166

)

(90,656

)

PROVISIONS FOR LIABILITIES

10

(50,576

)

(40,875

)

NET ASSETS

849,868

889,412

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

848,868

888,412

SHAREHOLDERS' FUNDS

849,868

889,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2026 and were signed by:

J Bryce - Director

1.	STATUTORY INFORMATION

Tradecast Building Services 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.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of financial information in compliance with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

The directors have identified the following areas which give rise to estimation uncertainty:

1) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and any residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account.

2) Valuation of stock and work in progress uses estimations for provisions against amounts recoverable.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax and any other sales taxes The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from agreement to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the agreement.

Rental income

Rental income from property or operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase in line with expected general inflation in which case the income is recognised as revenue in accordance with expected payments. Rental income is included in other operating income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

The company adds to the carrying amount of an item of fixed asset the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the

company. Any carrying amount of the replaced part is written off. Repairs and maintenance are charged to

the profit and loss during the year in which they are incurred except for any parts unused at the year end.

Asset residual values, useful lives and depreciation methods of relevant assets are reviewed, and adjusted

prospectively if appropriate. Gains and losses on disposals are determined by comparing the proceeds with

the carrying amount and recognised in the profit and loss during the year of disposal.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. They were initially measured at cost with gains and losses arising from changes in the fair value included in the profit and loss in the period in which they arose.

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress includes labour and attributable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, directors' loans and forward currency contracts (derivatives).

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Forward currency contracts are derivative financial instruments. They are measured at fair value. Gains and losses arising from changes in the fair value of derivative financial instruments are included in the profit or loss in the period in which they arise.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Other items

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Holiday pay

A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

25,000

82,430

415,114

24,088

546,632

Additions

-

-

97,480

-

97,480

Disposals

-

-

(34,760

)

-

(34,760

)

At 31 January 2026

25,000

82,430

477,834

24,088

609,352

DEPRECIATION

At 1 February 2025

25,000

70,492

253,435

21,723

370,650

Charge for year

-

2,985

56,099

591

59,675

Eliminated on disposal

-

-

(34,760

)

-

(34,760

)

At 31 January 2026

25,000

73,477

274,774

22,314

395,565

NET BOOK VALUE

At 31 January 2026

-

8,953

203,060

1,774

213,787

At 31 January 2025

-

11,938

161,679

2,365

175,982

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

258,295

Additions

87,990

Disposals

(34,760

)

At 31 January 2026

311,525

DEPRECIATION

At 1 February 2025

119,316

Charge for year

50,424

Eliminated on disposal

(34,760

)

At 31 January 2026

134,980

NET BOOK VALUE

At 31 January 2026

176,545

At 31 January 2025

138,979

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

296,819

NET BOOK VALUE

At 31 January 2026

296,819

At 31 January 2025

296,819

Included in fair value of investment property is freehold land of £ 89,453 (2025 - £ 89,453 ) which is not depreciated.

No depreciation is provided on investment properties. Investment properties are initially measured at cost with subsequent changes in value recognised in the profit and loss account. In the opinion of the directors the costs recognised in the accounts is representative of the current market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

176,493

269,659

Amounts owed by participating interests

237,113

256,890

Other debtors

58,362

4,641

471,968

531,190

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

36,667

40,000

Hire purchase contracts

49,117

41,469

Trade creditors

7,857

22,684

Taxation and social security

9,997

50,251

Other creditors

10,052

10,000

113,690

164,404

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

36,667

Hire purchase contracts

75,166

53,989

75,166

90,656

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

36,667

76,667

Hire purchase contracts

124,283

95,458

160,950

172,125

The CBIL loan is supported by a 80% guarantee from the UK Government.

Hire purchase creditors are secured against the assets concerned.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

50,576

40,875

Deferred

tax

£

Balance at 1 February 2025

40,875

Accelerated capital allowances

9,701

Losses carried forward

Balance at 31 January 2026

50,576

11.	RELATED PARTY DISCLOSURES

The company actively trades with two other companies. All companies are under common control and ownership. The transactions between the companies are on an open market value basis at arms length.

The controlling party is J Bryce.