ABERCOL LTD


Director	PHILLIP, Colin Murray


Company Secretary	PHILLIP, Colin Murray


Registered Address	10 Balnellan Place
	Braemar
	Ballater
	AB35 5YZ


Registered Number	SC648713 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		84,510		55,159
			84,510		55,159
Current assets
Debtors		273,927		45,245
Cash at bank and on hand		13,028		19,093
		286,955		64,338
Creditors amounts falling due within one year	4	(163,223)		(55,755)
Net current assets (liabilities)			123,732		8,583
Total assets less current liabilities			208,242		63,742
Creditors amounts falling due after one year	5		(35,175)		(5,295)
Net assets			173,067		58,447
Capital and reserves
Called up share capital			1		1
Profit and loss account			173,066		58,446
Shareholders' funds			173,067		58,447

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 September 2025, and are signed on its behalf by:

PHILLIP, Colin Murray
Director
Registered Company No. SC648713

ABERCOL LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	20
	Office Equipment	25

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	3,254	79,923	8,767	91,944
Additions	-	42,684	-	42,684
At 31 December 24	3,254	122,607	8,767	134,628
Depreciation and impairment
At 01 January 24	1,061	30,840	4,884	36,785
Charge for year	411	11,951	971	13,333
At 31 December 24	1,472	42,791	5,855	50,118
Net book value
At 31 December 24	1,782	79,816	2,912	84,510
At 31 December 23	2,193	49,083	3,883	55,159

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	21,159	26,547
Bank borrowings and overdrafts	5,827	9,784
Taxation and social security	136,237	19,424
Total	163,223	55,755


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	35,175	5,295
Total	35,175	5,295

6.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	35,175		5,295