REGISTERED NUMBER: SC315282 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

Probe Drainage Specialists Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Walsh

F Reid

SECRETARY:

D Walsh

REGISTERED OFFICE:

9 Glasgow Road

Paisley

Renfrewshire

PA1 3QS

REGISTERED NUMBER:

SC315282 (Scotland)

ACCOUNTANTS:

John M Taylor & Co

Chartered Accountants

9 Glasgow Road

PAISLEY

Renfrewshire

PA1 3QS

FIXED ASSETS

513,183

Tangible assets

5

422,626

CURRENT ASSETS

16,313

Stocks

4,000

639,185

Debtors

6

632,376

19,562

Cash at bank

76,463

675,060

712,839

CREDITORS

266,187

Amounts falling due within one year

7

267,459

408,873

NET CURRENT ASSETS

445,380

922,056

TOTAL ASSETS LESS CURRENT LIABILITIES

868,006

CREDITORS

(309,762

)

Amounts falling due after more than one year

8

(197,545

)

(121,587

)

PROVISIONS FOR LIABILITIES

(104,383

)

490,707

NET ASSETS

566,078

CAPITAL AND RESERVES

5,000

Called up share capital

10

5,000

485,707

Retained earnings

11

561,078

490,707

SHAREHOLDERS' FUNDS

566,078

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 directors acknowledge their 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 Board of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by:

D Walsh - Director

1.	STATUTORY INFORMATION

Probe Drainage Specialists 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents net invoiced sale of services, excluding value added tax. Contract revenue, described as turnover, is recognised when and to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the right to consideration.

Tangible fixed assets

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

Plant & machinery

-

20% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

20% on reducing balance

Tangible fixed assets held for the companies 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, if any.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Taxation

Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

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 all 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. 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 which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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 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 under operating leases are charges 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2025 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant &

and

Motor

Computer

Totals

machinery

fittings

vehicles

equipment

£

£

£

£

£

COST

At 1 February 2025

894,980

680,015

1,185

208,539

5,241

Additions

19,650

16,150

-

3,500

-

At 31 January 2026

914,630

696,165

1,185

212,039

5,241

DEPRECIATION

At 1 February 2025

381,797

253,470

942

125,030

2,355

Charge for year

110,207

73,539

122

35,969

577

At 31 January 2026

492,004

327,009

1,064

160,999

2,932

NET BOOK VALUE

At 31 January 2026

422,626

369,156

121

51,040

2,309

At 31 January 2025

513,183

426,545

243

83,509

2,886

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

Plant &

Motor

Totals

machinery

vehicles

£

£

£

COST

At 1 February 2025

and 31 January 2026

580,728

492,748

87,980

DEPRECIATION

At 1 February 2025

181,283

142,989

38,294

Charge for year

72,548

54,952

17,596

At 31 January 2026

253,831

197,941

55,890

NET BOOK VALUE

At 31 January 2026

326,897

294,807

32,090

At 31 January 2025

399,445

349,759

49,686

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

171,041

190,878

Sundry debtors

385,215

390,514

Directors' current accounts

76,120

57,793

632,376

639,185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other loans

3,532

41,624

Hire purchase contracts

108,442

119,847

Trade creditors

20,271

42,491

Corporation Tax

73,694

19,883

Social security and other taxes

16,167

14,181

VAT

39,377

18,704

Accrued expenses

5,976

9,457

267,459

266,187

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Other loans - 1-2 years

-

3,775

Other loans - 2-5 years

100,000

100,000

Hire purchase contracts

97,545

205,987

197,545

309,762

9.	SECURED DEBTS

The Royal Bank of Scotland plc has a Bond and Floating Charge over all the property and undertaking of the company

Obligations under hire purchase contracts are secured over the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

2,750

Ordinary A

£1

2,750

2,750

2,250

Ordinary B

£1

2,250

2,250

5,000

5,000

11.

RESERVES

Retained

earnings

£

At 1 February 2025

485,707

Profit for the year

145,371

Dividends

(70,000

)

At 31 January 2026

561,078

12.	ULTIMATE CONTROLLING PARTY