Clyde Blowers Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC214859

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		130,000		130,000

			130,000		130,000
CURRENT ASSETS
Debtors	6	9,459		73,377
Cash at bank and in hand		49,969		7,753

		59,428		81,130
Creditors: Amounts Falling Due Within One Year	7	(419,546 )		(319,459 )

NET CURRENT ASSETS (LIABILITIES)			(360,118 )		(238,329 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(230,118 )		(108,329 )

Creditors: Amounts Falling Due After More Than One Year	8		(24,074 )		(31,019 )

NET LIABILITIES			(254,192 )		(139,348 )

CAPITAL AND RESERVES
Called up share capital	9		68,015		68,015
Share premium account			279,999		279,999
Profit and Loss Account			(602,206 )		(487,362 )

SHAREHOLDERS' FUNDS			(254,192)		(139,348)

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Clyde Blowers 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 James McColl OBE

Director

29 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Clyde Blowers Limited is a private company, limited by shares, incorporated in Scotland, registered number SC214859 . The registered office is 5 Redwood Crescent, Peel Park, East Kilbride, Glasgow, G74 5PA.

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. 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.

2.3. Tangible Fixed Assets and Depreciation

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:

Fixtures & Fittings	on a straight line basis at 10% to 33% per annum
Computer Equipment	on a straight line basis at 33% per annum

2.4. 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 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 5)

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Clyde Blowers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	51,743	36,177	87,920

As at 31 December 2024	51,743	36,177	87,920

Depreciation
As at 1 January 2024	51,743	36,177	87,920

As at 31 December 2024	51,743	36,177	87,920

Net Book Value
As at 31 December 2024	-	-	-

As at 1 January 2024	-	-	-

5. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	130,000

As at 31 December 2024	130,000

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	130,000

As at 1 January 2024	130,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	(656 )	2,178
Prepayments and accrued income	9,071	31,996
VAT	1,044	190
Amounts owed by group undertakings	-	39,013

	9,459	73,377

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Clyde Blowers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	86,380	47,412
Bank loans and overdrafts	6,481	5,556
Other taxes and social security	2,152	2,752
Other creditors	9,036	10,433
Accruals and deferred income	9,000	9,000
Directors' loan accounts	55,488	108,602
Amounts owed to group undertakings	251,009	135,704

	419,546	319,459

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

	2024	2023
	£	£
Bank loans	24,074	31,019

	24,074	31,019

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	68,015	68,015

10. Related Party Transactions

Parent company

The company is a subsidiary of Clyde Blowers Group Limited, incorporated in Scotland.

During the year ended 31 December 2024, the company received loan advances of £171,000 from its parent and made repayments of £64,000.

At 1 January 2024, the parent company owed the company £39,000. At 31 December 2024, the company owed its parent £68,000. This balance is unsecured, interest-free and repayable on demand.

Related parties under common control

J A McColl OBE is the ultimate controlling party of both the company and Albacap Limited.

During the year, Albacap Limited waived a loan of £84,000 owed by the company. This has been credited as other operating income.

Amounts owed to Albacap Limited at 31 December 2024: £nil (2023: £nil).

Clyde Blowers Capital IM LLP

The company and J A McColl OBE are members of Clyde Blowers Capital IM LLP. At 31 December 2024, the company owed £183,000 to the LLP (2023: £136,000). All balances are unsecured, interest-free and repayable on demand.

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