REGISTERED NUMBER: SC511553 (Scotland)

Financial Statements

for the Year Ended 31 December 2024

for

Blairs Aluminium Systems Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Gray

REGISTERED OFFICE:

1-6 Lovat Place

Queen Elizabeth Avenue,

Hillington Industrial Estate

Glasgow

G52 4DS

REGISTERED NUMBER:

SC511553 (Scotland)

AUDITORS:

Henderson & Company

73 Union Street

Greenock

Renfrewshire

PA16 8BG

FIXED ASSETS

Tangible assets

4

42,019

62,782

CURRENT ASSETS

Stocks

37,702

33,500

Debtors

5

195,887

244,913

Cash at bank

91,699

255,213

325,288

533,626

CREDITORS

Amounts falling due within one year

6

139,987

245,438

NET CURRENT ASSETS

185,301

288,188

TOTAL ASSETS LESS CURRENT LIABILITIES

227,320

350,970

PROVISIONS FOR LIABILITIES

10,373

15,534

NET ASSETS

216,947

335,436

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

216,847

335,336

SHAREHOLDERS' FUNDS

216,947

335,436

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 18 September 2025 and were signed by:

A Gray - Director

1.	STATUTORY INFORMATION

Blairs Aluminium Systems 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.

Going concern

Blairs Aluminium Systems Limited is a wholly owned subsidiary of Saveheat Group Limited and it shares in and benefits from the resources of the combined group. The director's close attention to monthly management information, the positive profitability and cashflow performance of the company's fellow group companies and the director and shareholders' commitment to support the company justifies the going concern position. With this ongoing support from the group, the director is confident that the company has sufficient resources and funding in place so that the going concern basis is therefore applicable.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Revenue is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on use of the service; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 etc

-

20% on cost and 10% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amounts of any write downs to stock to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs.

Taxation

The tax expense for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

Creditors

Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

209,849

4,528

214,377

Additions

-

599

599

At 31 December 2024

209,849

5,127

214,976

DEPRECIATION

At 1 January 2024

148,324

3,271

151,595

Charge for year

20,988

374

21,362

At 31 December 2024

169,312

3,645

172,957

NET BOOK VALUE

At 31 December 2024

40,537

1,482

42,019

At 31 December 2023

61,525

1,257

62,782

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

167,876

243,688

Amounts owed by group undertakings

25,000

-

Other debtors

3,011

1,225

195,887

244,913

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

102,622

203,578

Amounts owed to group undertakings

3,223

1,736

Taxation and social security

14,880

10,868

Other creditors

19,262

29,256

139,987

245,438

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Henderson (Senior Statutory Auditor)

for and on behalf of Henderson & Company

8.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Saveheat Group Limited. Saveheat Group Limited does not have an ultimate controlling party.