REGISTERED NUMBER: SC432031 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Stanford Supply Chain Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Sweeney

Mrs E Sweeney

I P Sweeney

Miss E Sweeney

Mrs A Smith

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Lanarkshire

G32 8FH

REGISTERED NUMBER:

SC432031 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

66,814

64,390

CURRENT ASSETS

Debtors

5

857,569

475,944

Cash at bank and in hand

1,112,743

928,134

1,970,312

1,404,078

CREDITORS

Amounts falling due within one year

6

803,704

465,344

NET CURRENT ASSETS

1,166,608

938,734

TOTAL ASSETS LESS CURRENT LIABILITIES

1,233,422

1,003,124

CREDITORS

Amounts falling due after more than one year

7

(246,759

)

-

PROVISIONS FOR LIABILITIES

8

-

(723

)

NET ASSETS

986,663

1,002,401

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

986,563

1,002,301

986,663

1,002,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 September 2025 and were signed on its behalf by:

F Sweeney - Director

1.	STATUTORY INFORMATION

Stanford Supply Chain Services 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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

5 - 10 Years - Straight Line

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Financial instruments

Debtors

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

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debt factoring

The company assigns its debts to a factor and receives a percentage of the value of invoices assigned. The company receives the remaining percentage once the customer has paid in full. Any debts not recovered within 90 days may be reassigned to the company and the factor may claim back any amounts previously given to the company in relation to those debts. The company is charged by the factor and these charges are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

60,781

132,594

12,542

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

60,781

132,594

12,542

DEPRECIATION

At 1 April 2024

17,322

122,260

9,841

Charge for year

6,079

6,754

2,200

Eliminated on disposal

-

-

-

At 31 March 2025

23,401

129,014

12,041

NET BOOK VALUE

At 31 March 2025

37,380

3,580

501

At 31 March 2024

43,459

10,334

2,701

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

16,058

22,440

244,415

Additions

25,902

2,308

28,210

Disposals

(16,057

)

-

(16,057

)

At 31 March 2025

25,903

24,748

256,568

DEPRECIATION

At 1 April 2024

16,057

14,545

180,025

Charge for year

6,475

4,278

25,786

Eliminated on disposal

(16,057

)

-

(16,057

)

At 31 March 2025

6,475

18,823

189,754

NET BOOK VALUE

At 31 March 2025

19,428

5,925

66,814

At 31 March 2024

1

7,895

64,390

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

446,617

387,199

Other debtors

164,193

88,745

610,810

475,944

Amounts falling due after more than one year:

Other debtors

246,759

-

Aggregate amounts

857,569

475,944

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

1,673

Trade creditors

249,405

169,502

Taxation and social security

84,290

65,798

Other creditors

470,009

228,371

803,704

465,344

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

246,759

-

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

-

723

Deferred

tax

£

Balance at 1 April 2024

723

Provided during year

(723

)

Balance at 31 March 2025

-

9.	RELATED PARTY DISCLOSURES

During the year the company incurred costs of £275,593 (2024: £266,851) from Stanford Group Ltd, a company who shares common directors and shareholders.

At the end of the year Stanford Group Ltd was owed £72,900 and this is reflected within the aged creditors.