IRIS Accounts Production v25.3.0.601 SC214962 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC214962 2024-03-31 SC214962 2025-03-31 SC214962 2024-04-01 2025-03-31 SC214962 2023-03-31 SC214962 2023-04-01 2024-03-31 SC214962 2024-03-31 SC214962 ns15:Scotland 2024-04-01 2025-03-31 SC214962 ns14:PoundSterling 2024-04-01 2025-03-31 SC214962 ns10:Director1 2024-04-01 2025-03-31 SC214962 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC214962 ns10:SmallEntities 2024-04-01 2025-03-31 SC214962 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC214962 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC214962 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC214962 ns10:FullAccounts 2024-04-01 2025-03-31 SC214962 ns10:Director2 2024-04-01 2025-03-31 SC214962 ns10:CompanySecretary1 2024-04-01 2025-03-31 SC214962 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC214962 ns5:CurrentFinancialInstruments 2025-03-31 SC214962 ns5:CurrentFinancialInstruments 2024-03-31 SC214962 ns5:ShareCapital 2025-03-31 SC214962 ns5:ShareCapital 2024-03-31 SC214962 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC214962 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC214962 ns5:PlantMachinery 2024-03-31 SC214962 ns5:PlantMachinery 2024-04-01 2025-03-31 SC214962 ns5:PlantMachinery 2025-03-31 SC214962 ns5:PlantMachinery 2024-03-31 SC214962 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC214962 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC214962 ns5:WithinOneYear 2025-03-31 SC214962 ns5:WithinOneYear 2024-03-31 SC214962 ns5:BetweenOneFiveYears 2025-03-31 SC214962 ns5:BetweenOneFiveYears 2024-03-31 SC214962 ns5:AllPeriods 2025-03-31 SC214962 ns5:AllPeriods 2024-03-31 SC214962 1 ns10:Director1 2024-03-31 SC214962 1 ns10:Director1 2023-03-31 SC214962 1 ns10:Director1 2024-04-01 2025-03-31 SC214962 1 ns10:Director1 2023-04-01 2024-03-31 SC214962 1 ns10:Director1 2025-03-31 SC214962 1 ns10:Director1 2024-03-31

REGISTERED NUMBER: SC214962 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Studbolt (Scotland) Limited

| Studbolt (Scotland) Limited (Registered number: SC214962) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Studbolt (Scotland) Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | P Queen

| Mrs L Queen

| SECRETARY: | Mrs L Queen

| REGISTERED OFFICE: | 8 Abbotsinch Road

| Grangemouth

| Stirlingshire

| FK3 8UX

| REGISTERED NUMBER: | SC214962 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| 147 Bath Street

| Glasgow

| G2 4SN

| Studbolt (Scotland) Limited (Registered number: SC214962) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 19,162 |  | 26,905 |  |

CURRENT ASSETS

Debtors | 5 | 412,687 |  | 555,723 |  |

Cash at bank and in hand | 604,434 |  | 334,824 |  |

1,017,121 |  | 890,547 |  |

CREDITORS

Amounts falling due within one year | 6 | 334,742 |  | 335,965 |  |

NET CURRENT ASSETS | 682,379 |  | 554,582 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 701,541 |  | 581,487 |  |

PROVISIONS FOR LIABILITIES | 2,444 |  | 4,088 |  |

NET ASSETS | 699,097 |  | 577,399 |  |

CAPITAL AND RESERVES

Called up share capital | 5,000 |  | 5,000 |  |

Retained earnings | 694,097 |  | 572,399 |  |

SHAREHOLDERS' FUNDS | 699,097 |  | 577,399 |  |

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

P Queen - Director

| Studbolt (Scotland) Limited (Registered number: SC214962) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Studbolt (Scotland) 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.

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

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.

| Going concern

| The company has significant cash resources and no requirement for external funding. Consequently, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to believe the going concern basis of accountancy is appropriate in preparing the annual financial statements.

| Significant judgements and estimates

| In preparing the financial statements, management is required to make judgements, estimates and assumptions, based on historical experience and other relevant factors. Actual results may differ from these best estimates, which are reviewed on an ongoing basis.

| The significant items in the financial statements where these judgements are required (and the factors in play) include: debtors (likelihood of recovery), fixed assets (depreciation rates & useful lives) and the going concern basis of accounting.

| Turnover

| Turnover represents net sales of goods, excluding value added tax and any discount offered, recognised when the company becomes entitled to the income concerned and when the outcome of the transaction can be reliably measured.

| This occurs when:

| - the company has transferred to the buyer the significant risks and rewards of ownership of the goods;

| - the company no longer retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - it is probable that the economic benefits associated with the transaction will flow to the company; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant & machinery etc - 25% on cost, 10% on reducing balance.

| Motor vehicles - 25% on cost

| Factors such as a change in how an asset is used, significant unexpected wear and tear, technological advancement, and changes in market prices may indicate that the residual value or useful life of an asset has changed since the most recent annual reporting date. If such indicators are present, the company will review its previous estimates and, if current expectations differ, amend the residual value, depreciation method or useful life, accounting for such revisions as a change in an accounting estimate in accordance with FRS 102.

| Studbolt (Scotland) Limited (Registered number: SC214962) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

| Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

| Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

| Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Employment benefits

| The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

| Studbolt (Scotland) Limited (Registered number: SC214962) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Provisions for liabilities

| A provision for liabilities is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated readily. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 61,511 |  |

| Additions | 892 |  |

| At 31 March 2025 | 62,403 |  |

| DEPRECIATION

| At 1 April 2024 | 34,606 |  |

| Charge for year | 8,635 |  |

| At 31 March 2025 | 43,241 |  |

| NET BOOK VALUE

| At 31 March 2025 | 19,162 |  |

| At 31 March 2024 | 26,905 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 255,600 |  | 402,022 |  |

| Other debtors | 157,087 |  | 153,701 |  |

412,687 |  | 555,723 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 206,603 |  | 220,743 |  |

| Taxation and social security | 99,209 |  | 88,546 |  |

| Other creditors | 28,930 |  | 26,676 |  |

334,742 |  | 335,965 |  |

| Studbolt (Scotland) Limited (Registered number: SC214962) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 11,249 |  | 11,247 |  |

| Between one and five years | 1,613 |  | 11,293 |  |

12,862 |  | 22,540 |  |

8. | OTHER FINANCIAL COMMITMENTS

| The company paid dividends totalling £25,000 after the end of the financial year but prior to these financial statements being finalised.

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| P Queen

| Balance outstanding at start of year | 115,458 |  | 112,917 |  |

| Amounts advanced | 2,598 |  | 2,541 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 118,056 |  | 115,458 |  |

| The company is owed £118,056 (2024 - £115,458) from Mr P Queen, a director of the company, as at the financial year end, with the movement in the loan balance during the year relating to interest charged by the company of £2,598 (2024 - £2,541). Interest thereon is applied at 2.25% in the year, with the balance being regarded as repayable on demand.

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between wholly owned members of the group.

| Details of the loans to company directors are disclosed elsewhere in the financial statements.

11. | ULTIMATE CONTROLLING PARTY

| Studbolt (Scotland) Limited is a subsidiary of Studbolt (Scotland) Holdings Limited, 8 Abbotsinch Road, Grangemouth, Stirlingshire, United Kingdom, FK3 9UX.

| The ultimate controlling party is considered to be Mr P Queen, due to his controlling share interests in the parent company.

| Studbolt (Scotland) Limited (Registered number: SC214962) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

12. | CONSIGNMENT STOCK

| Inventory held by the company at the financial year end is classed as consignment in nature, due to the terms in place with the company's suppliers. As such, this inventory (estimated by the director at a year-end value of approximately £40,000) is only considered to be an asset of the company when title passes to the company. This only occurs when that inventory is sold to the eventual customer and as such, no inventory is recognised at the financial year end.