Company registration number: SC468094
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Lochlie Construction Limited
Pages for filing with the Registrar
Company registration number: SC468094
Lochlie Construction Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 1,094,247 1,146,421
1,094,247 1,146,421
Current assets
Debtors 5 1,977,831 1,378,844
Cash at bank and in hand 1,285,646 1,008,358
3,263,477 2,387,202
Creditors: amounts falling due within one year
6 (2,184,760) (1,728,803)
Net current assets 1,078,717 658,399
Total assets less current liabilities 2,172,964 1,804,820
Creditors: Amounts falling due after more than one year
7 (827,581) (897,286)
Provisions for liabilities (173,329) 6,481
NET ASSETS 1,172,054 914,015
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,171,954 913,915
TOTAL EQUITY 1,172,054 914,015
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC468094
Lochlie Construction Limited
Balance sheet - continued
as at 31 December 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 9 September 2026 and signed on its behalf by:
Mr D Aitken, Director
9 September 2026
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Lochlie Construction Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Lochlie Construction Limited is a private company registered in Scotland. Its registered number is SC468094. The company is limited by shares. Its registered office is 41 Johnstone Avenue, Hillington Park, Glasgow, G52 4NZ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Land and buildings:
Freehold property - 4% on cost and 2% on cost
Plant and machinery etc.:
Improvements to property - 25% reducing balance
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. These are measured at amortised cost and 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 Statement of comprehensive income.
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Lochlie Construction Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 66 (2024 - 70).
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Lochlie Construction Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 January 2025 542,745 1,093,828 1,636,573
Additions - 113,644 113,644
Disposals - (48,067) (48,067)
At 31 December 2025 542,745 1,159,405 1,702,150
Depreciation
At 1 January 2025 22,001 468,151 490,152
Charge for year 10,154 146,775 156,929
Eliminated on disposal - (39,178) (39,178)
At 31 December 2025 32,155 575,748 607,903
Net book value
At 31 December 2025 510,590 583,657 1,094,247
At 31 December 2024 520,744 625,677 1,146,421
5 Debtors
2025 2024
£ £
Trade debtors 1,285,089 956,098
Taxation 1,301 -
Other debtors 635,675 369,386
Prepayments and accrued income 55,766 53,360
1,977,831 1,378,844
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Lochlie Construction Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
6 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 4,680 14,680
Other loans 7,914 7,914
Hire purchase and finance leases 44,748 16,299
Trade creditors 632,384 404,487
Other creditors 251,344 434,359
VAT payable 368,964 281,165
Social security and other tax 86,616 65,842
Accruals and deferred income 788,110 504,057
2,184,760 1,728,803
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 233,047 243,496
Other loans 32,316 40,230
Hire purchase and finance leases 37,075 81,823
Other creditors 525,143 531,737
827,581 897,286
Included within the above creditors are the following amounts falling due after more than five years:
2025 2024
£ £
Repayable by instalments
Bank loans 214,327 219,776
Other loans 659 8,574
214,986 228,350
Included in other creditors are amounts relating to deferred grants received of £211,250 (2024 £217,500). The deferred grants will be released when costs are incurred for revenue grants and in line with amortisation for capital grants.
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