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REGISTERED NUMBER: SC113777 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Peterhead Motors Limited

Peterhead Motors Limited (Registered number: SC113777)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peterhead Motors Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr F Haigh
Mr A Haigh
Mr G A Haigh





REGISTERED OFFICE: South Road
Peterhead
Aberdeenshire
AB42 2XX





REGISTERED NUMBER: SC113777 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Peterhead Motors Limited (Registered number: SC113777)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211,998 183,800

CURRENT ASSETS
Stocks 92,863 95,845
Debtors 5 535,814 431,899
Investments 6 119,655 113,823
Cash at bank and in hand 970,375 974,227
1,718,707 1,615,794
CREDITORS
Amounts falling due within one year 7 408,416 426,849
NET CURRENT ASSETS 1,310,291 1,188,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,522,289

1,372,745

CREDITORS
Amounts falling due after more than one
year

8

(3,956

)

(5,060

)

PROVISIONS FOR LIABILITIES (9,408 ) (24,049 )
NET ASSETS 1,508,925 1,343,636

CAPITAL AND RESERVES
Called up share capital 32,500 32,500
Capital redemption reserve 32,500 32,500
Retained earnings 1,443,925 1,278,636
SHAREHOLDERS' FUNDS 1,508,925 1,343,636

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Peterhead Motors Limited (Registered number: SC113777)

Balance Sheet - continued
31 January 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 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 13 August 2025 and were signed on its behalf by:





Mr G A Haigh - Director


Peterhead Motors Limited (Registered number: SC113777)

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

1. STATUTORY INFORMATION

Peterhead Motors 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 the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale of goods and the point services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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 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.

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.

Peterhead Motors Limited (Registered number: SC113777)

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

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 35 (2024 - 36 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 183,295 192,331 163,749 3,676 543,051
Additions 3,937 20,193 85,076 - 109,206
At 31 January 2025 187,232 212,524 248,825 3,676 652,257
DEPRECIATION
At 1 February 2024 130,073 142,706 84,512 1,960 359,251
Charge for year 3,744 20,907 55,506 851 81,008
At 31 January 2025 133,817 163,613 140,018 2,811 440,259
NET BOOK VALUE
At 31 January 2025 53,415 48,911 108,807 865 211,998
At 31 January 2024 53,222 49,625 79,237 1,716 183,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 151,706 126,111
Other debtors 384,108 305,788
535,814 431,899

6. CURRENT ASSET INVESTMENTS
31.1.25 31.1.24
£    £   
Unlisted investments 119,655 113,823

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 177,862 192,197
Taxation and social security 195,534 187,417
Other creditors 35,020 47,235
408,416 426,849

Peterhead Motors Limited (Registered number: SC113777)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Other creditors 3,956 5,060

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
Mr G A Haigh
Balance outstanding at start of year - -
Amounts advanced 50,481 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,481 -

Mr F Haigh
Balance outstanding at start of year (11 ) (11 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11 ) (11 )

10. RELATED PARTY DISCLOSURES

The company made a loan to Haigh Property Rentals Limited, a company which is an associate of Peterhead Motors Ltd. The loan balance outstanding at the balance sheet date is £292,199.

11. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their majority shareholding.