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REGISTERED NUMBER: SC238011 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BEARSDEN AUTO SERVICES LTD

BEARSDEN AUTO SERVICES LTD (REGISTERED NUMBER: SC238011)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEARSDEN AUTO SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: R McGroary
A Graham





SECRETARY: R McGroary





REGISTERED OFFICE: Unit 12d - 1&2
Anniesland Village Business Park
Glasgow
G13 1EU





REGISTERED NUMBER: SC238011 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

BEARSDEN AUTO SERVICES LTD (REGISTERED NUMBER: SC238011)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,014 36,591

CURRENT ASSETS
Stocks 3,250 3,250
Debtors 5 8,180 12,566
Cash in hand 80 80
11,510 15,896
CREDITORS
Amounts falling due within one year 6 88,030 73,409
NET CURRENT LIABILITIES (76,520 ) (57,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,506

)

(20,922

)

CREDITORS
Amounts falling due after more than one year 7 27,740 44,548
NET LIABILITIES (75,246 ) (65,470 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (75,248 ) (65,472 )
SHAREHOLDERS' FUNDS (75,246 ) (65,470 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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

BEARSDEN AUTO SERVICES LTD (REGISTERED NUMBER: SC238011)

BALANCE SHEET - continued
31 October 2024


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 1 July 2025 and were signed on its behalf by:





R McGroary - Director


BEARSDEN AUTO SERVICES LTD (REGISTERED NUMBER: SC238011)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

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

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.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
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 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.

BEARSDEN AUTO SERVICES LTD (REGISTERED NUMBER: SC238011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 2,802 67,995 2,826 45,406 119,029
Additions - 1,980 - - 1,980
At 31 October 2024 2,802 69,975 2,826 45,406 121,009
DEPRECIATION
At 1 November 2023 2,240 66,041 2,805 11,352 82,438
Charge for year 56 983 5 8,513 9,557
At 31 October 2024 2,296 67,024 2,810 19,865 91,995
NET BOOK VALUE
At 31 October 2024 506 2,951 16 25,541 29,014
At 31 October 2023 562 1,954 21 34,054 36,591

BEARSDEN AUTO SERVICES LTD (REGISTERED NUMBER: SC238011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 45,406
DEPRECIATION
At 1 November 2023 11,352
Charge for year 8,513
At 31 October 2024 19,865
NET BOOK VALUE
At 31 October 2024 25,541
At 31 October 2023 34,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,592 7,809
Other debtors 4,478 3,600
Deferred tax asset 2,110 1,157
8,180 12,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts (see note 8) 18,868 21,272
Hire purchase contracts 8,282 8,282
Trade creditors 20,511 11,667
Tax 5,406 14,067
Social security and other taxes 16,424 3,806
VAT 13,827 10,984
Directors' current accounts - 3,000
Accrued expenses 4,712 331
88,030 73,409

BEARSDEN AUTO SERVICES LTD (REGISTERED NUMBER: SC238011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 8) 5,656 14,182
Hire purchase contracts 22,084 30,366
27,740 44,548

8. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 10,668 13,552
Bank loans 8,200 7,720
18,868 21,272

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,656 7,720

Amounts falling due between two and five years:
Bank loans - 2-5 years - 6,462

9. RELATED PARTY DISCLOSURES

The company director was owed £0 (2023-£3,000) at the year end. £3,000 was the maximum amount outstanding during the year.