| Director |
|
| Secretary |
|
| Company Number |
|
| Registered Office | Union Street |
| Coupar Angus | |
| Perthshire | |
| PH13 9AF | |
| Auditors |
|
| 33 Leslie Street | |
| Blairgowrie | |
| Perthshire | |
| PH10 6AW | |
| Bankers | Royal Bank of Scotland |
| 14 Allan Street | |
| Blairgowrie | |
| Perthshire | |
| PH10 6AD | |
| Solicitors | Wyllie & Henderson |
| Market Chambers | |
| Caledonian Road | |
| Perth | |
| PH1 5NJ | |
|
Director
|
|
13th August 2025
|
|
|
|
Director
|
|
|
|
for and on behalf of
|
|
|
|
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Distribution costs |
( |
( |
||
| Administrative expenses |
( |
( |
||
| Other operating income |
|
|
||
| OPERATING PROFIT | 5 |
|
|
|
| Other interest receivable and similar income |
|
|
||
| Interest payable and similar charges | 10 |
( |
( |
|
| PROFIT BEFORE TAXATION |
|
|
||
| Tax on Profit | 11 |
( |
( |
|
| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 13 |
|
|
||
| Investments | 14 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 15 |
|
|
||
| Debtors | 16 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 18 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 20 |
|
|
||
| Capital redemption reserve |
|
|
|||
| Income Statement |
|
|
|||
| SHAREHOLDERS' FUNDS | 4,926,714 | 5,310,274 | |||
|
Director
|
|
|
| Share Capital | Capital Redemption | Income Statement | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 June 2022 |
|
|
|
7,378,435 |
| Profit for the year and total comprehensive income | - | - |
|
939,629 |
| Share capital reduction |
( |
|
(3,007,790) | (3,007,790) |
| As at 31 May 2023 and 1 June 2023 |
|
|
|
5,310,274 |
| Profit for the year and total comprehensive income | - | - |
|
197,421 |
| As at 31 May 2024 |
|
|
|
4,926,714 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
|
|
|
| Interest paid |
( |
( |
||
| Tax refunded/(paid) |
|
( |
||
| Prior year adjustments | (580,981) | - | ||
| Net cash generated from operating activities |
|
|
||
| Cash flows from investing activities | ||||
| Purchase of tangible assets |
( |
( |
||
| Interest received |
|
|
||
| Net cash used in investing activities |
( |
( |
||
| Cash flows from financing activities | ||||
| Purchase/redemption of own shares |
|
( |
||
| Repayment of bank borrowings |
|
( |
||
| Net cash used in financing activities |
|
( |
||
| Decrease in cash and cash equivalents |
( |
( |
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
|
|
|
| Adjustments for: | |||
| Tax on profit |
|
|
|
| Interest expense |
|
|
|
| Interest income | - |
( |
|
| Depreciation of tangible assets |
|
|
|
| Movements in working capital: | |||
| Increase in stocks |
( |
( |
|
| Increase in trade and other debtors |
( |
( |
|
| Increase/(decrease) in trade and other creditors |
|
( |
|
| Net cash generated from operations |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 June 2023 | Cash flows | As at 31 May 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
(285,985) |
|
| Freehold |
|
| Leasehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Garage services | 27,411,222 | 27,345,800 | |
| Operation of a public house | 184,226 | 69,836 | |
| 27,595,448 | 27,415,636 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
|
|
|
| 27,595,448 | 27,415,636 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Rental income |
|
|
|
| 26,720 | 33,195 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 2,042 | 193 | |
| Depreciation of tangible fixed assets |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments | - |
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
|
|
|
The tax charge on the profit for the year was as follows:
|
|||||
| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 19.0% |
|
|
|
| Deferred Tax | |||||
| Deferred taxation |
|
|
|||
| Total tax charge for the period |
|
|
|||
|
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
|
|||||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Profit before tax | 277,179 | 1,180,417 | |||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Capital allowances |
|
( |
|||
| Short term timing differences |
|
|
|||
| Total tax charge for the period | 79,758 | 202,132 | |||
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 June 2023 |
|
||
| As at 31 May 2024 |
|
||
| Amortisation | |||
| As at 1 June 2023 |
|
||
| As at 31 May 2024 |
|
||
| Net Book Value | |||
| As at 31 May 2024 |
|
||
| As at 1 June 2023 |
|
||
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant & Machinery | Motor Vehicles | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 June 2023 |
|
|
|
|
| Additions |
|
|
|
|
| As at 31 May 2024 |
|
|
|
|
| Depreciation | ||||
| As at 1 June 2023 |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at 31 May 2024 |
|
|
|
|
| Net Book Value | ||||
| As at 31 May 2024 |
|
|
|
|
| As at 1 June 2023 |
|
|
|
|
| Listed | |
|---|---|
| £ | |
| Cost | |
| As at 1 June 2023 |
|
| As at 31 May 2024 |
|
| Provision | |
| As at 1 June 2023 |
|
| As at 31 May 2024 |
|
| Net Book Value | |
| As at 31 May 2024 |
|
| As at 1 June 2023 |
|
| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
|---|---|---|---|---|
|
|
Union Street, Coupar Angus |
|
|
- |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 1,140,888 | 484,294 | |
|
|
|
||
| Due after more than one year | |||
| Other debtors | 344,222 | 124,115 | |
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 2,548 | 11,272 | |
| Corporation tax |
|
|
|
| Taxation and social security | 788,761 | 55,620 | |
| Accruals and deferred income | 130,664 | 132,065 | |
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 55,196 | 53,622 | |
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 June 2023 |
|
53,622 |
| Deferred taxation |
|
|
| Balance at 31 May 2024 |
|
55,196 |