Alexander (Scotland) & Co Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Alexander (Scotland) & Co Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Alexander (Scotland) & Co Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the directors of Alexander (Scotland) & Co Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Alexander (Scotland) & Co Limited and state those matters that we have agreed to state to the directors of Alexander (Scotland) & Co Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alexander (Scotland) & Co Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Alexander (Scotland) & Co Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Alexander (Scotland) & Co Limited . You consider that Alexander (Scotland) & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Alexander (Scotland) & Co Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Signed

18 September 2025

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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Alexander (Scotland) & Co Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: SC220462

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,815,258		1,732,597
Investments	5		1		1

			1,815,259		1,732,598
CURRENT ASSETS
Stocks	6	1,075,002		1,218,315
Debtors	7	1,428,579		1,948,236
Cash at bank and in hand		25,946		23,503

		2,529,527		3,190,054
Creditors: Amounts Falling Due Within One Year	8	(2,115,800 )		(2,606,816 )

NET CURRENT ASSETS (LIABILITIES)			413,727		583,238

TOTAL ASSETS LESS CURRENT LIABILITIES			2,228,986		2,315,836

Creditors: Amounts Falling Due After More Than One Year	9		(570,471 )		(623,748 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(150,296 )		(116,658 )

NET ASSETS			1,508,219		1,575,430

CAPITAL AND RESERVES
Called up share capital	13		10,001		10,001
Profit and Loss Account			1,498,218		1,565,429

SHAREHOLDERS' FUNDS			1,508,219		1,575,430

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Alexander (Scotland) & Co Limited

Balance Sheet (continued)

As At 31 December 2024

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge 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 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 G MacLachlan

Director

18 September 2025

The notes on pages 4 to 8 form part of these financial statements.

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Alexander (Scotland) & Co Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Alexander (Scotland) & Co Limited is a private company, limited by shares, incorporated in Scotland, registered number SC220462 . The registered office is Alexander (Scotland) & Co Ltd Meadowforth Road, Springkerse, Stirling, FK7 7SA.

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. 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.

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:

Freehold	2% Reducing balance
Leasehold	33% Reducing balance
Plant & Machinery	25% Reducing balance
Motor Vehicles	12.5% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	20% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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.

2.6. Financial Instruments

Basic financial instruments are initially recognised at transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method, where applicable. These can include trade and other debtors, cash and bank balances, trade and other creditors, and intercompany balances. Financial assets are assessed at the end of each reporting period for evidence of impairment and adjusted if necessary. The company does not hold or issue any complex financial instruments such as derivatives.

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Alexander (Scotland) & Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation

Income tax expense represents the sum of the tax currently payable 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 company's liability for current tax is calculated using tax rates 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 generally recognised for all taxable timing differences. Deferred tax assets are generally 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 of 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 recovered.

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 the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

2.8. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 36 (2023: 39)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	1,344,081	304,815	687,716	23,308
Additions	-	61,957	104,633	25,969
Disposals	-	-	(40,724 )	-

As at 31 December 2024	1,344,081	366,772	751,625	49,277

Depreciation
As at 1 January 2024	126,868	205,631	326,604	13,701
Provided during the period	23,050	24,333	28,574	8,894
Disposals	-	-	(25,031 )	-

As at 31 December 2024	149,918	229,964	330,147	22,595

Net Book Value
As at 31 December 2024	1,194,163	136,808	421,478	26,682

As at 1 January 2024	1,217,213	99,184	361,112	9,607

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Alexander (Scotland) & Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	188,700	2,548,620
Additions	-	192,559
Disposals	-	(40,724 )

As at 31 December 2024	188,700	2,700,455

Depreciation
As at 1 January 2024	143,219	816,023
Provided during the period	9,354	94,205
Disposals	-	(25,031 )

As at 31 December 2024	152,573	885,197

Net Book Value
As at 31 December 2024	36,127	1,815,258

As at 1 January 2024	45,481	1,732,597

5. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	1

As at 31 December 2024	1

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	1

6. Stocks

	2024	2023
	£	£
Stock	1,075,002	1,218,315

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,353,422	1,785,924
Other debtors	75,157	162,312

	1,428,579	1,948,236

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Alexander (Scotland) & Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	88,283	54,849
Trade creditors	730,773	880,825
Bank loans and overdrafts	60,091	59,053
Other creditors	941,403	1,413,960
Taxation and social security	295,250	198,129

	2,115,800	2,606,816

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	162,946	159,439
Bank loans	407,525	464,309

	570,471	623,748

Creditors include bank loans repayable by instalments of £142,671 (2023 £204,033) due after more than five years.

	2024		2023
	£		£
Bank loans	142,671		204,032

10. Secured Creditors

Hire purchase and finance lease liabilities are secured over the assets concerned.

The bank borrowings are secured by a bond and floating charge over the assets of the company. Standard securities have also been given over the properties at 10/5 East Pilton Farm Place, Edinburgh and the Yard on the North side of Springkerse Road, Stirling.

Other creditors includes factored debts of £940,388 (2023 - £1397,043). These are secured by a floating charge over the assets and undertakings of the company.

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	88,282	54,848
Trade Creditors	730,772	880,826
Bank loans and overdrafts	60,091	59,052
Other Creditors	940,388	1,397,043
Accruals and deferred income	-	16,917

11. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	60,091	59,053

	2024	2023
	£	£
Amounts falling due between one and five years:
Bank loans	264,854	260,277

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Alexander (Scotland) & Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

	2024	2023
	£	£
Amounts falling due after more than five years:
Bank loans	142,671	204,032

12. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	88,283	54,849
Later than one year and not later than five years	162,946	159,439

	251,229	214,288

	251,229	214,288

13. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10,001	10,001

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