REGISTERED NUMBER: SC162315 (Scotland)

ANGUS CAMPBELL LTD.

Financial Statements for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Campbell

J Graham

REGISTERED OFFICE:

Cannery Road

Stornoway

Isle of Lewis

HS1 2SF

REGISTERED NUMBER:

SC162315 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

4

275,234

284,452

Investments

5

120,930

120,930

396,164

405,382

CURRENT ASSETS

Stocks

186,258

161,925

Debtors

6

343,272

360,519

Cash at bank and in hand

355,686

394,057

885,216

916,501

CREDITORS

Amounts falling due within one year

7

194,179

208,455

NET CURRENT ASSETS

691,037

708,046

TOTAL ASSETS LESS CURRENT LIABILITIES

1,087,201

1,113,428

CREDITORS

Amounts falling due after more than one year

8

(23,231

)

(31,430

)

PROVISIONS FOR LIABILITIES

(31,511

)

(33,623

)

NET ASSETS

1,032,459

1,048,375

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

1,027,459

1,043,375

SHAREHOLDERS' FUNDS

1,032,459

1,048,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 23 July 2025 and were signed on its behalf by:

A Campbell - Director

1.	STATUTORY INFORMATION

Angus Campbell 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Buildings

-

not provided

Improvements to property

-

20% depreciation on cost

Plant and machinery

-

15% depreciation on cost

Fixtures and fittings

-

15% depreciation on reducing balance

Motor vehicles

-

25% depreciation on reducing balance

Computer equipment

-

33% depreciaton on cost

Until the year ended 31 January 2019, depreciation on buildings was charged at 5% on a straight line basis. The director changed this policy during the year ended 31 January 2020 to stop the charge as the market value of the asset is deemed to exceed the net book value in the accounts.

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.

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 30 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Buildings

property

machinery

£

£

£

COST

At 1 February 2024

360,862

2,779

82,825

Additions

-

-

19,001

Disposals

-

-

-

At 31 January 2025

360,862

2,779

101,826

DEPRECIATION

At 1 February 2024

214,000

2,779

82,824

Charge for year

-

-

1,619

Eliminated on disposal

-

-

-

At 31 January 2025

214,000

2,779

84,443

NET BOOK VALUE

At 31 January 2025

146,862

-

17,383

At 31 January 2024

146,862

-

1

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

423,099

83,568

4,631

957,764

Additions

-

-

-

19,001

Disposals

-

(11,895

)

-

(11,895

)

At 31 January 2025

423,099

71,673

4,631

964,870

DEPRECIATION

At 1 February 2024

343,008

26,624

4,077

673,312

Charge for year

12,014

14,166

138

27,937

Eliminated on disposal

-

(11,613

)

-

(11,613

)

At 31 January 2025

355,022

29,177

4,215

689,636

NET BOOK VALUE

At 31 January 2025

68,077

42,496

416

275,234

At 31 January 2024

80,091

56,944

554

284,452

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

120,930

NET BOOK VALUE

At 31 January 2025

120,930

At 31 January 2024

120,930

The fixed asset investment relates to two freehold properties both of which are valued at cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

199,362

209,626

Other debtors

143,910

150,893

343,272

360,519

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

8,199

8,199

Trade creditors

162,073

182,034

Taxation and social security

17,711

13,222

Other creditors

6,196

5,000

194,179

208,455

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

23,231

31,430

9.	RELATED PARTY DISCLOSURES

Included within debtors falling due within one year is a balance due to A Campbell, director of £1,196 (2023 - £NIL). There are no repayment terms in place and interest is not charged on the balance.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A Campbell.