REGISTERED NUMBER: SC240019 (Scotland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THISTLE ACCESS NDT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Robert Wilfred Skinner

SECRETARY:

Ann Logan Skinner

REGISTERED OFFICE:

Albyn House

Albyn Drive

Corpach

FORT WILLIAM

Inverness-shire

PH33 7LW

REGISTERED NUMBER:

SC240019 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

BANKERS:

Bank of Scotland

600 Gorgie Road

Edinburgh

EH11 3XP

FIXED ASSETS

Tangible assets

4

645,402

369,281

CURRENT ASSETS

Stocks

9,800

11,152

Debtors

5

266,568

222,497

Cash at bank

161,120

20,038

437,488

253,687

CREDITORS

Amounts falling due within one year

6

315,123

146,561

NET CURRENT ASSETS

122,365

107,126

TOTAL ASSETS LESS CURRENT LIABILITIES

767,767

476,407

CREDITORS

Amounts falling due after more than one year

7

(85,444

)

(69,653

)

PROVISIONS FOR LIABILITIES

(159,738

)

(90,605

)

NET ASSETS

522,585

316,149

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

522,583

316,147

SHAREHOLDERS' FUNDS

522,585

316,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 6 October 2025 and were signed by:

Robert Wilfred Skinner - Director

1.	STATUTORY INFORMATION

Thistle Access NDT 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.

The financial statements are presented in Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

710,076

260,412

14,422

984,910

Additions

331,736

71,599

1,451

404,786

At 31 March 2025

1,041,812

332,011

15,873

1,389,696

DEPRECIATION

At 1 April 2024

435,485

172,167

7,977

615,629

Charge for year

87,125

39,961

1,579

128,665

At 31 March 2025

522,610

212,128

9,556

744,294

NET BOOK VALUE

At 31 March 2025

519,202

119,883

6,317

645,402

At 31 March 2024

274,591

88,245

6,445

369,281

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

93,906

88,850

182,756

Additions

92,748

41,999

134,747

At 31 March 2025

186,654

130,849

317,503

DEPRECIATION

At 1 April 2024

32,643

24,622

57,265

Charge for year

23,102

18,169

41,271

At 31 March 2025

55,745

42,791

98,536

NET BOOK VALUE

At 31 March 2025

130,909

88,058

218,967

At 31 March 2024

61,263

64,228

125,491

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

252,771

209,440

Other debtors

13,797

13,057

266,568

222,497

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

42,449

20,506

Trade creditors

126,345

21,032

Taxation and social security

96,034

81,915

Other creditors

40,295

13,108

315,123

146,561

The director's loan is unsecured, interest free and has no set terms of repayment.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,833

15,833

Hire purchase contracts

79,611

53,820

85,444

69,653