West Road Customs Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the director on the preparation of the unaudited statutory accounts of West Road Customs Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of West Road Customs Limited 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 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/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of West Road Customs Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of West Road Customs Limited and state those matters that we have agreed to state to the director of West Road Customs Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Road Customs Limited and its director as a body for our work or for this report.

It is your duty to ensure that West Road Customs 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 West Road Customs Limited . You consider that West Road Customs 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 West Road Customs 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 financial statements.

29 September 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

Page 1

Page 2

West Road Customs Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: SC522133

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		573,005		572,650

			573,005		572,650
CURRENT ASSETS
Stocks	5	175,061		173,561
Debtors	6	6,511		14,225
Cash at bank and in hand		3,282		7,406

		184,854		195,192
Creditors: Amounts Falling Due Within One Year	7	(770,391 )		(656,754 )

NET CURRENT ASSETS (LIABILITIES)			(585,537 )		(461,562 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(12,532 )		111,088

Creditors: Amounts Falling Due After More Than One Year	8		(44,909 )		(100,608 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(18,971 )		(18,882 )

NET LIABILITIES			(76,412 )		(8,402 )

CAPITAL AND RESERVES
Called up share capital	10		50,002		50,002
Revaluation reserve	12		19,053		19,053
Profit and Loss Account			(145,467 )		(77,457 )

SHAREHOLDERS' FUNDS			(76,412)		(8,402)

Page 2

Page 3

West Road Customs 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 T Horne

Director

29 September 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 3

Page 4

West Road Customs Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

West Road Customs Limited is a private company, limited by shares, incorporated in Scotland, registered number SC522133 . The registered office is Smiddyhill Farm, Inverugie, Peterhead, AB42 3DR.

The presentation currency of the financial statements is the Pound Sterling (£).

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis on the confirmation from the director that the company will continue to trade for a period of no less than 12 months from the date of this report.

The directors acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that directors loan accounts are not called on for repayment until the company is in such a position to be able to make repayments.

2.3. 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 and from the rendering of services. 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

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:

Plant & Machinery	15% on cost
Motor Vehicles	20% on reducing balance
Fixtures & Fittings	15% on cost

2.5. 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.

Page 4

Page 5

West Road Customs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. 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.

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price

including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. 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

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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

Page 5

Page 6

West Road Customs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	515,000	117,603	10,440	36,600	679,643
Additions	-	12,766	-	-	12,766

As at 31 December 2024	515,000	130,369	10,440	36,600	692,409

Depreciation
As at 1 January 2024	-	77,211	2,321	27,461	106,993
Provided during the period	-	9,047	1,624	1,740	12,411

As at 31 December 2024	-	86,258	3,945	29,201	119,404

Net Book Value
As at 31 December 2024	515,000	44,111	6,495	7,399	573,005

As at 1 January 2024	515,000	40,392	8,119	9,139	572,650

5. Stocks

	2024	2023
	£	£
Stock	175,061	173,561

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,960	14,225
Prepayments and accrued income	4,551	-

	6,511	14,225

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	35,625	15,568
Bank loans and overdrafts	55,699	51,415
Other taxes and social security	1,516	3,553
VAT	12,717	13,378
Other creditors	263,661	239,927
Accruals and deferred income	3,713	14,885
Director's loan account	397,460	318,028

	770,391	656,754

Page 6

Page 7

West Road Customs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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

	2024	2023
	£	£
Bank loans	44,909	100,608

9. Secured Creditors

The company has been granted a standard secuity in favour of Clydesdale Bank Plc over the property known as Grange Garage, West Road, Peterhead, Aberdeenshire, AB42 2FE.

The company has granted a floating charge in favour of Clydesdale Bank Plc over all present and future property and undertakings of the company.

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	86,442		127,856

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	50,002	50,002

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Terry Horne	(318,028 )	(79,432 )	-	-	(397,460 )

The above loan is interest free and has no fixed repayment terms.

12. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	19,053

As at 31 December 2024	19,053

13. Related Party Transactions

Direct Waste Management Limited is a company under the control of an immediate family member of the director.

During the year, net loan repayments of £9,000 (2023: £2,800) were made by the company to Direct Waste Management Limited. As at the year end, the company were due £160,000 (2023: £169,000) to Direct Waste Management in respect of these loans.

During the year, net loan advances of £27,000 (2023: £4,131) were made by an immediate family member of the director. As at the year end, the company was due £90,744 (2023: £66,875) to the family member of the director.

14. Ultimate Controlling Party

The company's ultimate controlling party is Mr T J Horne by virtue of his ownership of 100% of the issued share capital in the company.

Page 7