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REGISTERED NUMBER: SC505355 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Charles Brodie Ltd

Charles Brodie Ltd (Registered number: SC505355)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Charles Brodie Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: R F Grieve





REGISTERED OFFICE: 1 Ettrick Riverside
Dunsdale Road
Selkirk
TD7 5EB





REGISTERED NUMBER: SC505355 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Charles Brodie Ltd (Registered number: SC505355)

Statement of Financial Position
31 March 2025

31/3/25 31/3/24
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 345,130 87,095

CURRENT ASSETS
Inventories 124,500 65,700
Debtors 4 330,340 421,856
Cash in hand 874 874
455,714 488,430
CREDITORS
Amounts falling due within one year 5 199,208 165,322
NET CURRENT ASSETS 256,506 323,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,636

410,203

CREDITORS
Amounts falling due after more than one
year

6

(365,644

)

(272,125

)

PROVISIONS FOR LIABILITIES (34,000 ) (16,500 )
NET ASSETS 201,992 121,578

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,892 121,478
SHAREHOLDERS' FUNDS 201,992 121,578

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.

Charles Brodie Ltd (Registered number: SC505355)

Statement of Financial Position - 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 25 August 2025 and were signed by:





R F Grieve - Director


Charles Brodie Ltd (Registered number: SC505355)

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

1. 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
Revenue 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance
Office equipmt - 33% on cost and 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

Charles Brodie Ltd (Registered number: SC505355)

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

3. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Office
machinery vehicles equipmt Totals
£    £    £    £   
COST
At 1 April 2024 38,975 71,995 12,256 123,226
Additions 134,772 248,550 4,332 387,654
Disposals (65,900 ) - - (65,900 )
At 31 March 2025 107,847 320,545 16,588 444,980
DEPRECIATION
At 1 April 2024 12,328 16,380 7,423 36,131
Charge for year 19,720 42,309 1,690 63,719
At 31 March 2025 32,048 58,689 9,113 99,850
NET BOOK VALUE
At 31 March 2025 75,799 261,856 7,475 345,130
At 31 March 2024 26,647 55,615 4,833 87,095

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 26,562 91,726
Other debtors 113,778 135,117
VAT - 5,013
Accrued income 190,000 190,000
330,340 421,856

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Bank loans and overdrafts 56,174 25,011
Other loans 24,876 46,152
Hire purchase contracts 36,990 3,965
Trade creditors 75,360 70,067
Tax (6,466 ) 11,647
Social security and other taxes 5,757 1,792
VAT 1,970 -
Other creditors 1,037 3,178
Accrued expenses 3,510 3,510
199,208 165,322

Charles Brodie Ltd (Registered number: SC505355)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/25 31/3/24
£    £   
Other loans - 1-2 years - 24,876
Hire purchase contracts 122,613 15,364
Directors' loan accounts 243,031 231,885
365,644 272,125