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REGISTERED NUMBER: SC237141 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

LOTHIAN SUPPLY COMPANY LIMITED

LOTHIAN SUPPLY COMPANY LIMITED (REGISTERED NUMBER: SC237141)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

LOTHIAN SUPPLY COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTORS: W Thomson
K Thomson





SECRETARY: W Thomson





REGISTERED OFFICE: 1 Gregory Road
Kirkton Campus
Livingdton
West Lothian
EH54 7DR





REGISTERED NUMBER: SC237141 (Scotland)





ACCOUNTANTS: Mark Toma & Company Limited
Chartered Accountants & Business Advisers
48 Nithsdale Road
Glasgow
G41 2AN

LOTHIAN SUPPLY COMPANY LIMITED (REGISTERED NUMBER: SC237141)

BALANCE SHEET
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 678,657 730,970
678,658 730,971

CURRENT ASSETS
Stocks 200,000 138,000
Debtors 6 264,836 219,668
Cash at bank and in hand 345,674 249,897
810,510 607,565
CREDITORS
Amounts falling due within one year 7 684,236 593,296
NET CURRENT ASSETS 126,274 14,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

804,932

745,240

CREDITORS
Amounts falling due after more than one
year

8

(382,438

)

(427,688

)

PROVISIONS FOR LIABILITIES (18,533 ) (23,109 )
NET ASSETS 403,961 294,443

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 403,861 294,343
SHAREHOLDERS' FUNDS 403,961 294,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

LOTHIAN SUPPLY COMPANY LIMITED (REGISTERED NUMBER: SC237141)

BALANCE SHEET - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 October 2018 and were signed on its behalf by:




W Thomson - Director



K Thomson - Director


LOTHIAN SUPPLY COMPANY LIMITED (REGISTERED NUMBER: SC237141)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Lothian Supply Company 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2006, is being amortised evenly over its estimated useful life of ten 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.
Land and buildings - 5% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

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

LOTHIAN SUPPLY COMPANY LIMITED (REGISTERED NUMBER: SC237141)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 31,000
AMORTISATION
At 1 April 2017
and 31 March 2018 30,999
NET BOOK VALUE
At 31 March 2018 1
At 31 March 2017 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 682,738 256,067 938,805
Additions - 15,250 15,250
Disposals - (31,901 ) (31,901 )
At 31 March 2018 682,738 239,416 922,154
DEPRECIATION
At 1 April 2017 68,274 139,561 207,835
Charge for year 34,137 31,818 65,955
Eliminated on disposal - (30,293 ) (30,293 )
At 31 March 2018 102,411 141,086 243,497
NET BOOK VALUE
At 31 March 2018 580,327 98,330 678,657
At 31 March 2017 614,464 116,506 730,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 264,836 219,668

LOTHIAN SUPPLY COMPANY LIMITED (REGISTERED NUMBER: SC237141)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 20,250 20,250
Trade creditors 325,274 241,891
Taxation and social security 79,469 68,359
Other creditors 259,243 262,796
684,236 593,296

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Bank loans 332,438 352,688
Other creditors 50,000 75,000
382,438 427,688

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 251,438 271,913

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Bank loans 352,688 372,938
Other loans 75,000 100,000
427,688 472,938

Bank and other loans are secured by way of a standard security over the company's heritable property.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in accounts are amounts of £85,325 (2017: £85,325) due to William Thomson and £49,728 (2017:
£55,799) due to Kevin Thomson. The loans are interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling parties.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LOTHIAN SUPPLY COMPANY LIMITED

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 Lothian Supply Company Limited for the year ended 31 March 2018 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 http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Lothian Supply Company 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 Lothian Supply Company Limited and state those matters that we have agreed to state to the Board of Directors of Lothian Supply Company Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. 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 Lothian Supply Company 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 Lothian Supply Company Limited. You consider that Lothian Supply Company 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 Lothian Supply Company 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.






Mark Toma & Company Limited
Chartered Accountants & Business Advisers
48 Nithsdale Road
Glasgow
G41 2AN


30 October 2018