Hamilton's Vehicle Sales Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC590824

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		80,542		105,065

			80,542		105,065
CURRENT ASSETS
Stocks	5	12,800		12,800
Debtors	6	4,747		-
Cash at bank and in hand		6,618		24,123

		24,165		36,923
Creditors: Amounts Falling Due Within One Year	7	(154,747 )		(142,769 )

NET CURRENT ASSETS (LIABILITIES)			(130,582 )		(105,846 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(50,040 )		(781 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,484 )		(3,484 )

NET LIABILITIES			(53,524 )		(4,265 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(53,624 )		(4,365 )

SHAREHOLDERS' FUNDS			(53,524)		(4,265)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paton Hamilton

Director

12 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Hamilton's Vehicle Sales Limited is a private company, limited by shares, incorporated in Scotland, registered number SC590824 . The registered office is Caledonia House, 89 Seaward Street, Glasgow, G41 1HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20%
Motor Vehicles	25%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	47,767	155,128	202,895

As at 31 December 2024	47,767	155,128	202,895

Depreciation
As at 1 January 2024	12,899	84,931	97,830
Provided during the period	6,974	17,549	24,523

As at 31 December 2024	19,873	102,480	122,353

Net Book Value
As at 31 December 2024	27,894	52,648	80,542

As at 1 January 2024	34,868	70,197	105,065

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Hamilton's Vehicle Sales Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Stock	12,800	12,800

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	100	-
Other debtors	4,647	-

	4,747	-

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	2,437	1,052
Other loans	7,000	7,000
Other creditors	145,310	132,386
Taxation and social security	-	2,331

	154,747	142,769

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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