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Registration number: SC660561

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SPAN Holdings (Scotland) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

SPAN Holdings (Scotland) Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 8

 

SPAN Holdings (Scotland) Ltd

Company Information

Directors

Neill Jeffrey Frazher

Paul Stephen Frazher

Registered office

18 Garrell Road
Kilsyth
Glasgow
G65 9JX

Bankers

Bank of Scotland
P O Box 17235
Edinburgh
EH11 1YH

Accountants

RGA Scotland Limited Chartered Accountants
Orchardlea
Callander
FK17 8BG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
SPAN Holdings (Scotland) Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SPAN Holdings (Scotland) Ltd for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
 

This report is made solely to the Board of Directors of SPAN Holdings (Scotland) Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SPAN Holdings (Scotland) Ltd and state those matters that we have agreed to state to the Board of Directors of SPAN Holdings (Scotland) Ltd, as a body, in this report.

This is in accordance with the requirements of the ACCA and, to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SPAN Holdings (Scotland) Ltd and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that SPAN Holdings (Scotland) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SPAN Holdings (Scotland) Ltd. You consider that SPAN Holdings (Scotland) Ltd is exempt from the statutory audit requirement for the year.
 

We have not been instructed to carry out an audit or a review of the accounts of SPAN Holdings (Scotland) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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....................................................................

RGA Scotland Limited
Chartered Accountants
Orchardlea
Callander
FK17 8BG


 

29 August 2025

 

SPAN Holdings (Scotland) Ltd

(Registration number: SC660561)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

926,112

926,112

Investments

5

-

350,100

 

926,112

1,276,212

Current assets

 

Debtors

6

44,341

(4,967)

Cash at bank and in hand

 

7,294

59

 

51,635

(4,908)

Creditors: Amounts falling due within one year

7

(678,267)

(921,026)

Net current liabilities

 

(626,632)

(925,934)

Total assets less current liabilities

 

299,480

350,278

Creditors: Amounts falling due after more than one year

7

(222,422)

(105,271)

Net assets

 

77,058

245,007

Capital and reserves

 

Called up share capital

8

160

100

Retained earnings

76,898

244,907

Shareholders' funds

 

77,058

245,007

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

.........................................
Neill Jeffrey Frazher
Director

.........................................
Paul Stephen Frazher
Director

 

SPAN Holdings (Scotland) Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
18 Garrell Road
Kilsyth
Glasgow
G65 9JX

These financial statements were authorised for issue by the Board on 29 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and freehold buildings

none yet considered applicable

 

SPAN Holdings (Scotland) Ltd

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

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

SPAN Holdings (Scotland) Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2024

926,112

926,112

At 31 March 2025

926,112

926,112

Depreciation

Carrying amount

At 31 March 2025

926,112

926,112

At 31 March 2024

926,112

926,112

5

Investments

2025
£

2024
£

Investments in joint ventures

-

350,100

Joint ventures

£

Cost

At 1 April 2024

350,100

Disposals

(350,100)

At 31 March 2025

-

Provision

Carrying amount

At 31 March 2025

-

At 31 March 2024

350,100

 

SPAN Holdings (Scotland) Ltd

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

6

Debtors

Current

2025
£

2024
£

Trade debtors

400

(4,967)

Prepayments

43,941

-

 

44,341

(4,967)

 

SPAN Holdings (Scotland) Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

33,373

(2,534)

Trade creditors

 

17,657

4,745

Taxation and social security

 

(5,256)

1,465

Accruals and deferred income

 

1,000

1,000

Other creditors

 

631,493

916,350

 

678,267

921,026

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

222,422

105,271

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

60

60

97

97

       

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

222,422

105,271

Current loans and borrowings

2025
£

2024
£

Bank borrowings

32,607

17,506

Director current account

766

(20,040)

33,373

(2,534)