REGISTERED NUMBER: SC454914 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Atholl Scott Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Pirie

G R J West

M Sutherland

G Lindsay

REGISTERED OFFICE:

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

REGISTERED NUMBER:

SC454914 (Scotland)

FIXED ASSETS

Intangible assets

4

-

57,500

Tangible assets

5

44,209

28,180

44,209

85,680

CURRENT ASSETS

Stocks

1,956

1,016

Debtors

6

526,761

552,018

Cash at bank and in hand

203,088

165,260

731,805

718,294

CREDITORS

Amounts falling due within one year

7

(468,407

)

(382,061

)

NET CURRENT ASSETS

263,398

336,233

TOTAL ASSETS LESS CURRENT LIABILITIES

307,607

421,913

CREDITORS

Amounts falling due after more than one year

8

-

(100,220

)

PROVISIONS FOR LIABILITIES

(8,255

)

(6,451

)

NET ASSETS

299,352

315,242

CAPITAL AND RESERVES

Called up share capital

332

166

Revaluation reserve

10

5,999

5,999

Capital redemption reserve

34

34

Capital contribution

46,980

95,017

Retained earnings

246,007

214,026

SHAREHOLDERS' FUNDS

299,352

315,242

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

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

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 8 September 2025 and were signed on its behalf by:

P R Pirie - Director

G R J West - Director

M Sutherland - Director

G Lindsay - Director

1.	STATUTORY INFORMATION

Atholl Scott 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for services rendered during the year, exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

4% on cost

Equipment and furniture

-

15% on reducing balance

Computer equipment

-

33% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,150,000

AMORTISATION

At 1 January 2024

1,092,500

Amortisation for year

57,500

At 31 December 2024

1,150,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

57,500

5.	TANGIBLE FIXED ASSETS

Improvements

Equipment

to

and

Computer

property

furniture

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2024

9,657

21,551

37,354

68,562

Additions

12,619

260

14,731

27,610

Disposals

-

-

(15,358

)

(15,358

)

At 31 December 2024

22,276

21,811

36,727

80,814

DEPRECIATION

At 1 January 2024

2,617

11,781

25,984

40,382

Charge for year

891

1,506

8,332

10,729

Eliminated on disposal

-

-

(14,506

)

(14,506

)

At 31 December 2024

3,508

13,287

19,810

36,605

NET BOOK VALUE

At 31 December 2024

18,768

8,524

16,917

44,209

At 31 December 2023

7,040

9,770

11,370

28,180

Cost or valuation at 31 December 2024 is represented by:

Improvements

Equipment

to

and

Computer

property

furniture

equipment

Totals

£

£

£

£

Valuation in 2014

-

5,999

-

5,999

Cost

22,276

15,812

36,727

74,815

22,276

21,811

36,727

80,814

If furniture and equipment had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

67,898

52,906

Aggregate depreciation

28,190

33,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

255,029

169,208

Work in progress

216,827

332,231

Other debtors

-

3,200

Prepayments

54,905

47,379

526,761

552,018

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other loans

43,650

46,750

Preference shares

56,570

74,012

Trade creditors

20,385

19,100

Tax

94,051

96,012

PAYE

15,897

17,821

VAT

97,645

76,784

Other creditors

11,993

11,232

Accrued expenses

128,216

40,350

468,407

382,061

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other loans - 1-2 years

-

43,650

Preference shares

-

56,570

-

100,220

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

86,954

87,174

Between one and five years

130,760

217,705

217,714

304,879

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

5,999

11.	ULTIMATE CONTROLLING PARTY