REGISTERED NUMBER: SC403416 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

OZONE LOTHIAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Fairgrieve

J Shade

SECRETARY:

S Fairgrieve

REGISTERED OFFICE:

23 Mayfield Industrial Estate

Dalkeith

Midlothian

EH22 4AD

REGISTERED NUMBER:

SC403416 (Scotland)

ACCOUNTANTS:

AGB Accounting & Tax Consultants Limited

27 Guardwell Crescent

Edinburgh

EH17 7JA

BANKERS:

Barclays Bank plc

1 Churchill Place

London

E14 5HP

FIXED ASSETS

Tangible assets

4

2,412,533

875,946

CURRENT ASSETS

Debtors

5

12,324

30,000

Cash at bank

54,891

49,980

67,215

79,980

CREDITORS

Amounts falling due within one year

6

59,351

80,704

NET CURRENT ASSETS/(LIABILITIES)

7,864

(724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,420,397

875,222

CREDITORS

Amounts falling due after more than one year

7

(750,000

)

(750,000

)

PROVISIONS FOR LIABILITIES

(338,715

)

(3,003

)

NET ASSETS

1,331,682

122,219

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Revaluation reserve

1,203,528

-

Retained earnings

127,154

121,219

SHAREHOLDERS' FUNDS

1,331,682

122,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 29 September 2025 and were signed on its behalf by:

S Fairgrieve - Director

1.	STATUTORY INFORMATION

Ozone Lothian 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 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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2023

1,054,664

75,762

1,130,426

Additions

-

900

900

Revaluations

1,345,336

-

1,345,336

At 30 September 2024

2,400,000

76,662

2,476,662

DEPRECIATION

At 1 October 2023

194,526

59,954

254,480

Charge for year

-

4,175

4,175

Revaluation adjustments

(194,526

)

-

(194,526

)

At 30 September 2024

-

64,129

64,129

NET BOOK VALUE

At 30 September 2024

2,400,000

12,533

2,412,533

At 30 September 2023

860,138

15,808

875,946

Cost or valuation at 30 September 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

2,400,000

76,662

2,476,662

If land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

1,054,664

1,054,664

Aggregate depreciation

215,618

194,526

Value of land in freehold land and buildings

839,046

860,138

Land and buildings were valued on an open market basis on 16 July 2025 by Cushman & Wakefield .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

12,324

-

Other debtors

-

30,000

12,324

30,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,202

-

Taxation and social security

27,451

31,409

Other creditors

30,698

49,295

59,351

80,704

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

750,000

750,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans

750,000

750,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

750,000

750,000

The Other loan is secured by means of a standard security over the company's property at 23 Mayfield Industrial Estate, Dalkeith and also by a floating charge over all the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000