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REGISTERED NUMBER: SC180245 (Scotland)















ABRASERVICE SCOTLAND LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






ABRASERVICE SCOTLAND LIMITED (REGISTERED NUMBER: SC180245)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABRASERVICE SCOTLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr B Perry
Mr A W Wragg
Mr P N Hallin





SECRETARY: Mr A W Wragg





REGISTERED OFFICE: Unit 1 Bandeath Industrial Estate
Throsk
Stirling
FK7 7NP





REGISTERED NUMBER: SC180245 (Scotland)





AUDITORS: Folkes Worton LLP
Chartered Accountants and Statutory Auditor
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

ABRASERVICE SCOTLAND LIMITED (REGISTERED NUMBER: SC180245)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 183,277 135,397

CURRENT ASSETS
Stocks 495,762 649,920
Debtors 5 340,832 564,758
Cash at bank and in hand 297,774 360,128
1,134,368 1,574,806
CREDITORS
Amounts falling due within one year 6 344,911 833,917
NET CURRENT ASSETS 789,457 740,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

972,734

876,286

PROVISIONS FOR LIABILITIES 32,158 19,047
NET ASSETS 940,576 857,239

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 940,570 857,233
SHAREHOLDERS' FUNDS 940,576 857,239

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





Mr B Perry - Director


ABRASERVICE SCOTLAND LIMITED (REGISTERED NUMBER: SC180245)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Abraservice Scotland 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 represents net sales of goods/services, excluding value added tax

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 - in accordance with the property
Plant and machinery etc - at variable rates on cost or NBV

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.

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.

ABRASERVICE SCOTLAND LIMITED (REGISTERED NUMBER: SC180245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 294,704 387,343 682,047
Additions 24,970 79,699 104,669
At 31 December 2024 319,674 467,042 786,716
DEPRECIATION
At 1 January 2024 235,495 311,155 546,650
Charge for year 29,535 27,254 56,789
At 31 December 2024 265,030 338,409 603,439
NET BOOK VALUE
At 31 December 2024 54,644 128,633 183,277
At 31 December 2023 59,209 76,188 135,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 282,818 495,097
Other debtors 58,014 69,661
340,832 564,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 81,276 315,160
Taxation and social security 28,800 188,499
Other creditors 234,835 330,258
344,911 833,917

ABRASERVICE SCOTLAND LIMITED (REGISTERED NUMBER: SC180245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 118,165 119,407
Between one and five years 16,327 125,641
134,492 245,048

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Meredith FCA (Senior Statutory Auditor)
for and on behalf of Folkes Worton LLP

9. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is £45,137 (2023 - £218,539) due to the company's parent company.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of SSAB EMEA AB, a company incorporated in Sweden, which is a wholly owned subsidiary of SSAB AB, a company incorporated in Sweden.