REGISTERED NUMBER: SC256739 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Sandy Thain Car Sales Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M D Cameron

REGISTERED OFFICE:

1 Midmill Business Park

Kintore

Inverurie

Aberdeenshire

AB51 0TG

REGISTERED NUMBER:

SC256739 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

627,789

641,775

CURRENT ASSETS

Stocks

721,545

688,518

Debtors

5

84,069

62,252

Cash at bank and in hand

1,052,939

712,892

1,858,553

1,463,662

CREDITORS

Amounts falling due within one year

6

255,135

203,486

NET CURRENT ASSETS

1,603,418

1,260,176

TOTAL ASSETS LESS CURRENT LIABILITIES

2,231,207

1,901,951

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Capital redemption reserve

50,000

50,000

Fair value reserve

7

343,315

343,315

Retained earnings

1,787,892

1,458,636

SHAREHOLDERS' FUNDS

2,231,207

1,901,951

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 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 19 September 2025 and were signed by:

Mr M D Cameron - Director

1.	STATUTORY INFORMATION

Sandy Thain Car Sales 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.

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 as modified by the revaluation of certain assets.

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.

Freehold property

-

3% on reducing balance

Plant and machinery

-

50% on cost and 25% on cost

Motor vehicles

-

25% on reducing balance

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.

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 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 June 2024

990,753

31,472

81,405

1,103,630

Additions

-

824

17,595

18,419

Disposals

-

-

(3,495

)

(3,495

)

At 31 May 2025

990,753

32,296

95,505

1,118,554

DEPRECIATION

At 1 June 2024

379,168

31,195

51,492

461,855

Charge for year

19,500

413

12,139

32,052

Eliminated on disposal

-

-

(3,142

)

(3,142

)

At 31 May 2025

398,668

31,608

60,489

490,765

NET BOOK VALUE

At 31 May 2025

592,085

688

35,016

627,789

At 31 May 2024

611,585

277

29,913

641,775

Cost or valuation at 31 May 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

508,835

-

508,835

Cost

481,918

127,801

609,719

990,753

127,801

1,118,554

If freehold property had not been revalued they would have been included at the following historical cost:

31.5.25

31.5.24

£

£

Cost

481,918

481,918

Aggregate depreciation

175,233

175,233

Value of land in freehold land and buildings

64,404

64,404

Freehold property was valued on an open market basis on 20 April 2022 by DM Hall Chartered Surveyors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

26,981

13,449

Other debtors

57,088

48,803

84,069

62,252

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

64,565

70,970

Taxation and social security

179,204

106,342

Other creditors

11,366

26,174

255,135

203,486

7.

RESERVES

Fair

value

reserve

£

At 1 June 2024

and 31 May 2025

343,315

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M D Cameron.