George McDougal (Bassendean) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC038931 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

George McDougal (Bassendean) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J McDougal

Mrs C A McDougal

SECRETARY:

Mrs C A McDougal

REGISTERED OFFICE:

Bassendean

Gordon

Borders

TD3 6LU

REGISTERED NUMBER:

SC038931 (Scotland)

ACCOUNTANT:

Susan Cove Accountancy Limited

Chartered Accountant

Ty Hapus

Clerklands

Melrose

Roxburghshire

TD6 9JR

FIXED ASSETS

Tangible assets

4

7,435,845

1,986,032

CURRENT ASSETS

Stocks

1,350,672

1,205,927

Debtors

5

185,458

185,581

Cash at bank

433,254

4,002,326

1,969,384

5,393,834

CREDITORS

Amounts falling due within one year

6

924,563

626,414

NET CURRENT ASSETS

1,044,821

4,767,420

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,480,666

6,753,452

CREDITORS

Amounts falling due after more than
one year

7

(1,093,583

)

(119,622

)

PROVISIONS FOR LIABILITIES

(269,350

)

(241,834

)

NET ASSETS

7,117,733

6,391,996

CAPITAL AND RESERVES

Called up share capital

2,002

Other reserves

136

Retained earnings

7,115,595

6,389,858

7,117,733

6,391,996

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 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 27 August 2025 and were signed on its behalf by:

J McDougal - Director

1.	STATUTORY INFORMATION

George McDougal (Bassendean) 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.

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.

Buildings

-

at varying rates on cost

Plant and machinery

-

25% on reducing balance

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

Buildings

machinery

£

COST

At 1 June 2024

911,993

668,900

2,105,314

Additions

5,309,911

49,300

495,650

Disposals

-

(281,780

)

At 31 May 2025

6,221,904

718,200

2,319,184

DEPRECIATION

At 1 June 2024

-

432,607

1,309,484

Charge for year

-

23,624

307,042

Eliminated on disposal

-

(217,877

)

At 31 May 2025

-

456,231

1,398,649

NET BOOK VALUE

At 31 May 2025

6,221,904

261,969

920,535

At 31 May 2024

911,993

236,293

795,830

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 June 2024

101,595

2,604

3,790,406

Additions

-

5,854,861

Disposals

-

(281,780

)

At 31 May 2025

101,595

2,604

9,363,487

DEPRECIATION

At 1 June 2024

59,679

2,604

1,804,374

Charge for year

10,479

-

341,145

Eliminated on disposal

-

(217,877

)

At 31 May 2025

70,158

2,604

1,927,642

NET BOOK VALUE

At 31 May 2025

31,437

-

7,435,845

At 31 May 2024

41,916

-

1,986,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

129,397

162,879

Other debtors

56,061

22,702

185,458

185,581

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Bank loans and overdrafts

34,035

19,139

Trade creditors

302,452

116,999

Taxation and social security

244,855

163,021

Other creditors

343,221

327,255

924,563

626,414

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.5.25

31.5.24

£

Bank loans

1,093,583

119,622

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after

5 years

957,441

43,064

957,441

43,064