REGISTERED NUMBER: SC212506 (Scotland)

4 X 4 HIRE (SCOTLAND) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

7

DIRECTOR:

E M Buchan

REGISTERED OFFICE:

1875 Great Western Road

Glasgow

G13 2YD

REGISTERED NUMBER:

SC212506 (Scotland)

ACCOUNTANTS:

BK Plus Ltd

1875 Great Western Road

Glasgow

G13 2YD

FIXED ASSETS

Tangible assets

4

1,496,612

1,705,735

CURRENT ASSETS

Debtors

5

2,560,754

1,322,120

Cash at bank

200

126,684

2,560,954

1,448,804

CREDITORS

Amounts falling due within one year

6

1,972,419

1,258,985

NET CURRENT ASSETS

588,535

189,819

TOTAL ASSETS LESS CURRENT LIABILITIES

2,085,147

1,895,554

CREDITORS

Amounts falling due after more than one year

7

127,267

232,188

NET ASSETS

1,957,880

1,663,366

CAPITAL AND RESERVES

Called up share capital

11

86,000

86,000

Retained earnings

12

1,871,880

1,577,366

SHAREHOLDERS' FUNDS

1,957,880

1,663,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 September 2025 and were signed by:

E M Buchan - Director

1.	STATUTORY INFORMATION

4 x 4 Hire (Scotland) Limited 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 represents the value of goods and services supplied, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid and receivable under operating leases are charged or credited to the profit and loss account 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

49,890

18,293

3,048,573

25,436

3,142,192

Additions

-

-

142,901

-

142,901

Disposals

-

-

(222,672

)

-

(222,672

)

At 31 December 2024

49,890

18,293

2,968,802

25,436

3,062,421

DEPRECIATION

At 1 January 2024

16,972

14,301

1,382,024

23,160

1,436,457

Charge for year

8,245

1,018

259,407

2,259

270,929

Eliminated on disposal

-

-

(141,577

)

-

(141,577

)

At 31 December 2024

25,217

15,319

1,499,854

25,419

1,565,809

NET BOOK VALUE

At 31 December 2024

24,673

2,974

1,468,948

17

1,496,612

At 31 December 2023

32,918

3,992

1,666,549

2,276

1,705,735

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

728,834

Additions

117,900

At 31 December 2024

846,734

DEPRECIATION

At 1 January 2024

106,375

Charge for year

111,053

At 31 December 2024

217,428

NET BOOK VALUE

At 31 December 2024

629,306

At 31 December 2023

622,459

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

59,236

41,293

Other debtors

334,070

1,128,070

Directors' current accounts

1,715,463

24,000

Corporation tax

325,844

8,100

Deferred tax asset

120,215

108,310

Prepayments

5,926

12,347

2,560,754

1,322,120

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

89,153

-

Hire purchase contracts (see note 8)

300,221

241,359

Trade creditors

490,654

199,893

Corporation tax

443,180

150,560

Social security and other taxes

6,702

8,373

VAT

48,892

51,102

Other creditors

445,190

415,356

Accrued charges

148,427

192,342

1,972,419

1,258,985

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

127,267

232,188

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Net obligations repayable:

Within one year

300,221

241,359

Between one and five years

127,267

232,188

427,488

473,547

Non-cancellable operating

leases

2024

2023

£

£

Within one year

18,168

17,303

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

89,153

-

Hire purchase contracts

427,488

473,547

516,641

473,547

The hire purchase liabilities are secured over the assets to which the contracts relate.

10.	DEFERRED TAX

£

Balance at 1 January 2024

(108,310

)

Provided during year

(11,905

)

Balance at 31 December 2024

(120,215

)

The provision for deferred tax consists of the tax effect of timing differences in respect of the excess of taxation allowances over depreciation on fixed assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

86,000

Ordinary

£1

86,000

86,000

12.

RESERVES

Retained

earnings

£

At 1 January 2024

1,577,366

Profit for the year

294,514

At 31 December 2024

1,871,880

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

E M Buchan

Balance outstanding at start of year

24,000

-

Amounts advanced

1,792,000

24,000

Amounts repaid

(100,537

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,715,463

24,000

The loan is unsecured, interest free and has no fixed terms of repayment.

14.	RELATED PARTY DISCLOSURES

During the year the company charged £42,411 (2023 - £39,289) to Buchans for Towbars Limited for staff costs, rent and other costs in connection with premises they share.

During the year the company repaid loans of £56,088 to Buchans for Towbars Limited. The company owed Buchans for Towbars Limited £40,201 (2023 - £96,289) at the balance sheet date. This amount is included within Other Creditors. Buchans for Towbars Limited is a company under the control of the director E M Buchan.

During the year the company received loans of £49,429 from Buchans for Towbars & Repairs Limited. The company owed Buchans for Towbars and Repairs Limited £193,289 (2023 - £143,860) at the balance sheet date. This amount is included within Other Creditors. The company owed Buchans for Towbars & Repairs Limited £452,122 (2023 - £180,157) at the year end for work invoiced. This amount is included in trade creditors. Buchans for Towbars & Repairs Limited is a company under the control of the director E M Buchan.

Accident Solutions Scotland Limited charged the company a management charge of £34,950 (2023 - £36,400) for the use of staff. During the year the company received loans of £33,000 from Accident Solutions Scotland Limited. The company owed Accident Solutions Scotland Limited £95,000 (2023 - £62,000) at the balance sheet date. This amount is included in other creditors. Accident Solutions Scotland Limited is a company under the control of the director E M Buchan.

During the year the company was repaid loans of £794,001 by JBR Estates (Scotland) Limited. At the balance sheet date the company was owed £334,069 (2023 - £1,128,070) by JBR Estates (Scotland) Limited. This amount is included within other debtors. JBR Estates (Scotland) Limited is a company under the control of the director E M Buchan.

All intercompany balances are unsecured interest free and have no fixed terms of repayment.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 4 x 4 Hire (Scotland) Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of 4 x 4 Hire (Scotland) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 4 x 4 Hire (Scotland) Limited and state those matters that we have agreed to state to the director of 4 x 4 Hire (Scotland) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 4 x 4 Hire (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 4 x 4 Hire (Scotland) Limited. You consider that 4 x 4 Hire (Scotland) 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 financial statements of 4 x 4 Hire (Scotland) 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 financial statements.

BK Plus Ltd

1875 Great Western Road

Glasgow

G13 2YD

11 September 2025