REGISTERED NUMBER: SC358792 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

ABERCROMBY VENDING LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Graham

REGISTERED OFFICE:

8-30 Arrol Road

Dalmarnock

Glasgow

G40 3DQ

REGISTERED NUMBER:

SC358792 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,419,087

1,447,741

1,419,087

1,447,741

CURRENT ASSETS

Stocks

136,020

80,920

Debtors

6

865,907

572,174

Cash at bank and in hand

873,061

469,728

1,874,988

1,122,822

CREDITORS

Amounts falling due within one year

7

833,212

499,519

NET CURRENT ASSETS

1,041,776

623,303

TOTAL ASSETS LESS CURRENT LIABILITIES

2,460,863

2,071,044

CREDITORS

Amounts falling due after more than one year

8

(104,597

)

(144,193

)

PROVISIONS FOR LIABILITIES

(269,222

)

(260,911

)

NET ASSETS

2,087,044

1,665,940

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

2,067,044

1,645,940

2,087,044

1,665,940

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24 September 2025 and were signed by:

T Graham - Director

1.	STATUTORY INFORMATION

Abercromby Vending 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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

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

Freehold property

-

Straight line over 25 years

Plant & machinery

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2009 and 2017, is being amortised evenly over their estimated useful lives of ten years and five years respectively.

Government grants

Government grants were received in 2014. These have been credited to a reserve account to match expenditure on fixed assets. The grants are being released to the Profit and Loss Account over 25 years.

Basic financial instruments

Trade debtors

Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash

Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

280,000

AMORTISATION

At 1 June 2024

and 31 May 2025

280,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant &

Fixtures

property

machinery

& fittings

£

£

£

COST

At 1 June 2024

523,419

2,040,250

49,436

Additions

-

116,988

-

Disposals

-

(323,616

)

-

At 31 May 2025

523,419

1,833,622

49,436

DEPRECIATION

At 1 June 2024

170,248

1,212,954

26,153

Charge for year

20,937

131,321

3,493

Eliminated on disposal

-

(283,817

)

-

At 31 May 2025

191,185

1,060,458

29,646

NET BOOK VALUE

At 31 May 2025

332,234

773,164

19,790

At 31 May 2024

353,171

827,296

23,283

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

611,848

24,617

3,249,570

Additions

148,470

-

265,458

Disposals

(254,624

)

-

(578,240

)

At 31 May 2025

505,694

24,617

2,936,788

DEPRECIATION

At 1 June 2024

367,857

24,617

1,801,829

Charge for year

70,378

-

226,129

Eliminated on disposal

(226,440

)

-

(510,257

)

At 31 May 2025

211,795

24,617

1,517,701

NET BOOK VALUE

At 31 May 2025

293,899

-

1,419,087

At 31 May 2024

243,991

-

1,447,741

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

44,092

66,906

Other debtors

821,815

505,268

865,907

572,174

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

298,598

227,229

Taxation and social security

405,774

136,590

Other creditors

128,840

135,700

833,212

499,519

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Other creditors

104,597

144,193

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Loans

3,221

36,554

The Clydesdale Bank PLC hold a fixed charge over the property and a floating charge over the assets of the company.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

T Graham

Balance outstanding at start of year

(151,719

)

(147,482

)

Amounts repaid

(184,617

)

(4,237

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(336,336

)

(151,719

)

Loans to/from directors are interest free and repayable upon demand.