REGISTERED NUMBER: SC496741 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

John Williamson Plumbing & Heating

Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

W A MacMillan

K A Beaton

Registered office:

Unit 1

20 Carsegate Road

Inverness

IV3 8EA

Registered number:

SC496741 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Williamson Plumbing & Heating Limited for the year ended 31st March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of John Williamson Plumbing & Heating Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Williamson Plumbing & Heating Limited and state those matters that we have agreed to state to the Board of Directors of John Williamson Plumbing & Heating Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Williamson Plumbing & Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Williamson Plumbing & Heating Limited. You consider that John Williamson Plumbing & Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Williamson Plumbing & Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

30th October 2026

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

78,528

111,955

78,528

111,955

Current assets

Stocks

3,015

1,990

Debtors

6

110,979

104,181

Cash at bank

22,245

39,872

136,239

146,043

Creditors

Amounts falling due within one year

7

129,494

128,096

Net current assets

6,745

17,947

Total assets less current liabilities

85,273

129,902

Creditors

Amounts falling due after more than one year

8

(66,528

)

(94,617

)

Provisions for liabilities

(14,920

)

(21,272

)

Net assets

3,825

14,013

Capital and reserves

Called up share capital

100

100

Retained earnings

3,725

13,913

3,825

14,013

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2026 and were signed on its behalf by:

W A MacMillan - Director

1.	Statutory information

John Williamson Plumbing & Heating 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

straight line over 3 years

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the year end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is expenses immediately, with a corresponding provision for an onerous contract being recognised. Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue.

The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises

3.	Employees and directors

The average number of employees during the year was 9 (2025 - 10 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st April 2025

and 31st March 2026

38,958

Amortisation

At 1st April 2025

and 31st March 2026

38,958

Net book value

At 31st March 2026

-

At 31st March 2025

-

5.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1st April 2025

9,951

208,945

218,896

Additions

2,991

-

2,991

Disposals

-

(36,268

)

(36,268

)

At 31st March 2026

12,942

172,677

185,619

Depreciation

At 1st April 2025

6,955

99,986

106,941

Charge for year

2,724

25,087

27,811

Eliminated on disposal

-

(27,661

)

(27,661

)

At 31st March 2026

9,679

97,412

107,091

Net book value

At 31st March 2026

3,263

75,265

78,528

At 31st March 2025

2,996

108,959

111,955

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

71,006

80,295

Amounts recoverable on contract

6,047

9,500

Other debtors

33,926

14,386

110,979

104,181

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

5,527

5,392

Hire purchase contracts

22,418

25,765

Trade creditors

59,389

64,612

Taxation and social security

23,215

7,656

Other creditors

18,945

24,671

129,494

128,096

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

18,953

24,615

Hire purchase contracts

47,575

70,002

66,528

94,617

9.	Secured debts

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

69,993

-

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

W A MacMillan

Balance outstanding at start of year

(3,579

)

18,826

Amounts advanced

31,647

14,390

Amounts repaid

(15,312

)

(36,795

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,756

(3,579

)

K A Beaton

Balance outstanding at start of year

14,385

16,960

Amounts advanced

32,023

29,846

Amounts repaid

(29,698

)

(32,421

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,710

14,385

During the year, the directors received salaries of £25,000 (2025: £30,878) and dividends of £14,386 (2025: £68,139).