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REGISTERED NUMBER: SC477196 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Anglo Scottish Biosolids Ltd

Anglo Scottish Biosolids Ltd (Registered number: SC477196)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Anglo Scottish Biosolids Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J McCaig
A McCaig
J McCaig





SECRETARIES: J McCaig
A McCaig





REGISTERED OFFICE: Jawcraig Works
Falkirk
Stirlingshire
FK1 3AL





REGISTERED NUMBER: SC477196 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Anglo Scottish Biosolids Ltd (Registered number: SC477196)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,834,366 5,322,463
Tangible assets 5 3,265,022 3,631,350
8,099,388 8,953,813

CURRENT ASSETS
Debtors 6 1,871,857 1,627,129
Cash at bank 431,142 410,081
2,302,999 2,037,210
CREDITORS
Amounts falling due within one year 7 1,105,415 1,026,216
NET CURRENT ASSETS 1,197,584 1,010,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,296,972

9,964,807

CREDITORS
Amounts falling due after more than one year 8 893,849 1,354,644
NET ASSETS 8,403,123 8,610,163

CAPITAL AND RESERVES
Called up share capital 9 9,280,353 9,286,353
Retained earnings 10 (877,230 ) (676,190 )
SHAREHOLDERS' FUNDS 8,403,123 8,610,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 30 January 2025 and were signed on its behalf by:





J McCaig - Director


Anglo Scottish Biosolids Ltd (Registered number: SC477196)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Anglo Scottish Biosolids Ltd 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 twenty 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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Freehold property - 2% and 0% on cost per annum
Plant and machinery - 25% and 10% on reducing balance per annum
Fixtures and fittings - 25% on cost per annum
Computer equipment - 25% on cost per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


Anglo Scottish Biosolids Ltd (Registered number: SC477196)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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 held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
Goodwill licences software Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 9,643,641 15,230 16,000 9,674,871
AMORTISATION
At 1 May 2023 4,330,391 9,217 12,800 4,352,408
Amortisation for year 482,182 2,715 3,200 488,097
At 30 April 2024 4,812,573 11,932 16,000 4,840,505
NET BOOK VALUE
At 30 April 2024 4,831,068 3,298 - 4,834,366
At 30 April 2023 5,313,250 6,013 3,200 5,322,463

Anglo Scottish Biosolids Ltd (Registered number: SC477196)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,682,384 4,719,575 50,059 34,536 6,486,554
Additions - 118,097 461 375 118,933
Disposals - (265,581 ) - - (265,581 )
At 30 April 2024 1,682,384 4,572,091 50,520 34,911 6,339,906
DEPRECIATION
At 1 May 2023 105,497 2,679,191 39,351 31,165 2,855,204
Charge for year 29,270 350,704 3,032 1,192 384,198
Eliminated on disposal - (164,518 ) - - (164,518 )
At 30 April 2024 134,767 2,865,377 42,383 32,357 3,074,884
NET BOOK VALUE
At 30 April 2024 1,547,617 1,706,714 8,137 2,554 3,265,022
At 30 April 2023 1,576,887 2,040,384 10,708 3,371 3,631,350

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 4,195,087
Disposals (224,951 )
At 30 April 2024 3,970,136
DEPRECIATION
At 1 May 2023 2,255,960
Charge for year 151,277
Eliminated on disposal (140,600 )
At 30 April 2024 2,266,637
NET BOOK VALUE
At 30 April 2024 1,703,499
At 30 April 2023 1,939,127

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 839,434 665,175
Other debtors 914,168 961,954
1,753,602 1,627,129

Amounts falling due after more than one year:
Other debtors 118,255 -

Aggregate amounts 1,871,857 1,627,129

Anglo Scottish Biosolids Ltd (Registered number: SC477196)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 192,919 188,606
Hire purchase contracts 213,219 224,025
Trade creditors 408,300 471,789
Taxation and social security 204,495 115,581
Other creditors 86,482 26,215
1,105,415 1,026,216

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 464,704 679,420
Hire purchase contracts 90,144 300,210
Other creditors 339,001 375,014
893,849 1,354,644

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
3,000,001 Ordinary £1 3,000,001 3,000,001
6,280,352 Redeemable preference £1 6,280,352 6,286,352
9,280,353 9,286,353

The following shares were redeemed during the year for cash at par:

6,000 Redeemable preference shares of £1 (2023: 24,600).

10. RESERVES
Retained
earnings
£   

At 1 May 2023 (676,190 )
Deficit for the year (201,040 )
At 30 April 2024 (877,230 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed two of the directors £339,001 ( 2023: £375,014).
At the year end, one director owed the company £118,255 (2023: Nil)

Anglo Scottish Biosolids Ltd (Registered number: SC477196)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. RELATED PARTY DISCLOSURES





Related Party




Transaction Type



Transactions in year ended
30.4.24 (£)

Balance receivable
from/(payable to)
related party at
30.4.24 (£)
Balance
receivable
from/(payable to)
related party at
30.4.23 (£)

1. Related Party 1 Loan (39,890) (2023: 106,740) 24,502 64,392

2. Related Party 2 Loan 45,297 (2023: 429) 616,650 571,354
Land lease & gate fees 166,187 (2023: 69,633) nil nil


1. Directors of the company are also directors of Related Party 1.
2. Director of the company is the proprietor of Related Party 2.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J McCaig.