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REGISTERED NUMBER: SC224315 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

AFS (Scotland) Limited

AFS (Scotland) Limited (Registered number: SC224315)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AFS (Scotland) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: S Avery





REGISTERED OFFICE: Unit 20 15, Borrowmeadow Road
Springkerse Industrial Estate
Stirling
FK7 7UW





REGISTERED NUMBER: SC224315 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

AFS (Scotland) Limited (Registered number: SC224315)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,893 145,956

CURRENT ASSETS
Stocks 13,309 32,674
Debtors 5 1,336,538 1,323,589
Cash at bank 156,661 32,487
1,506,508 1,388,750
CREDITORS
Amounts falling due within one year 6 780,081 884,463
NET CURRENT ASSETS 726,427 504,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,320

650,243

CREDITORS
Amounts falling due after more than one
year

7

289,694

154,701
NET ASSETS 565,626 495,542

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 565,526 495,442
SHAREHOLDERS' FUNDS 565,626 495,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AFS (Scotland) Limited (Registered number: SC224315)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2025 and were signed by:





S Avery - Director


AFS (Scotland) Limited (Registered number: SC224315)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

AFS (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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Revenue from contracts to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of each individual contract providing that the amount of revenue can be measured reliably, it is probable that the company will receive the consideration due and that the costs can be measured reliably the entity will recognise both income and costs by reference to the percentage completion of the contract. If the outcome cannot be measured reliably measured, all costs are expensed and revenue is only recognised to the extent that it is probable that costs are recoverable.

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 - 25% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks and other financial institutions.

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.


AFS (Scotland) Limited (Registered number: SC224315)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 13,970 380,458 394,428
Additions - 50,134 50,134
Disposals - (59,621 ) (59,621 )
At 31 March 2025 13,970 370,971 384,941
DEPRECIATION
At 1 April 2024 13,970 234,502 248,472
Charge for year - 67,197 67,197
Eliminated on disposal - (59,621 ) (59,621 )
At 31 March 2025 13,970 242,078 256,048
NET BOOK VALUE
At 31 March 2025 - 128,893 128,893
At 31 March 2024 - 145,956 145,956

AFS (Scotland) Limited (Registered number: SC224315)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 315,746
Additions 46,490
Disposals (56,771 )
At 31 March 2025 305,465
DEPRECIATION
At 1 April 2024 179,758
Charge for year 59,054
Eliminated on disposal (47,016 )
At 31 March 2025 191,796
NET BOOK VALUE
At 31 March 2025 113,669
At 31 March 2024 135,988

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts recoverable on Contracts 833,880 1,113,681
Amounts owed by group undertakings 460,000 145,000
Other debtors 42,658 64,908
1,336,538 1,323,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 31,700 32,031
Hire purchase contracts (see note 8) 71,301 67,015
Trade creditors 292,215 484,089
Amounts owed to group undertakings - 15,000
Taxation and social security 37,143 42,876
Other creditors 347,722 243,452
780,081 884,463

The amount owed to group undertaking is unsecured, interest free and has no fixed repayment date.

AFS (Scotland) Limited (Registered number: SC224315)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 39,754 66,719
Hire purchase contracts (see note 8) 49,940 87,982
Other creditors 200,000 -
289,694 154,701

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 71,301 67,015
Between one and five years 49,940 87,982
121,241 154,997

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 71,454 98,750

The bank loan is secured by a bond and floating charge over the assets of the company together with a guarantee by the director for £250,000.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Lhanbryde Services Limited.