REGISTERED NUMBER: SC260985 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

R. LANG & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R K Lang

W Lang

REGISTERED OFFICE:

9 Glasgow Road

Paisley

PA1 3QS

REGISTERED NUMBER:

SC260985 (Scotland)

ACCOUNTANTS:

John M Taylor & Co

Chartered Accountants

9 Glasgow Road

PAISLEY

Renfrewshire

PA1 3QS

FIXED ASSETS

1,821,525

Tangible assets

5

1,798,473

CURRENT ASSETS

137,963

Stocks

6

90,082

592,867

Debtors

7

817,458

959,137

Cash at bank and in hand

879,731

1,689,967

1,787,271

CREDITORS

403,358

Amounts falling due within one year

8

359,765

1,286,609

NET CURRENT ASSETS

1,427,506

3,108,134

TOTAL ASSETS LESS CURRENT LIABILITIES

3,225,979

343,381

PROVISIONS FOR LIABILITIES

10

351,479

2,764,753

NET ASSETS

2,874,500

CAPITAL AND RESERVES

1,000

Called up share capital

1,000

2,763,753

Retained earnings

2,873,500

2,764,753

2,874,500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

W Lang - Director

1.	STATUTORY INFORMATION

R. Lang & Sons 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents the total invoice value, less credit notes, excluding value added tax of sales made during the period.

Revenue is recognised when goods or services are received by the customer and the risks and rewards of ownership have been passed to them. Revenue is measured at the fair value of consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to the cost at the balance sheet date plus a contribution to profit dependent on the status of services completed.

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

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

25% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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 represents the sum of tax currently payable and deferred tax on a non discounted basis.

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 all 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. 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 which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial instruments

Basic financial instruments are recognised at amortised cost. Financial assets and liabilties are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 22 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant &

Totals

property

machinery

£

£

£

COST

At 1 February 2024

3,033,884

392,557

197,397

Additions

488,798

-

52,998

Disposals

(434,758

)

-

(38,858

)

At 31 January 2025

3,087,924

392,557

211,537

DEPRECIATION

At 1 February 2024

1,212,359

-

116,068

Charge for year

392,113

-

27,310

Eliminated on disposal

(315,021

)

-

(17,486

)

At 31 January 2025

1,289,451

-

125,892

NET BOOK VALUE

At 31 January 2025

1,798,473

392,557

85,645

At 31 January 2024

1,821,525

392,557

81,329

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

£

£

£

COST

At 1 February 2024

19,169

2,413,597

11,164

Additions

-

431,550

4,250

Disposals

-

(395,900

)

-

At 31 January 2025

19,169

2,449,247

15,414

DEPRECIATION

At 1 February 2024

12,160

1,074,256

9,875

Charge for year

1,977

361,222

1,604

Eliminated on disposal

-

(297,535

)

-

At 31 January 2025

14,137

1,137,943

11,479

NET BOOK VALUE

At 31 January 2025

5,032

1,311,304

3,935

At 31 January 2024

7,009

1,339,341

1,289

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

Motor

vehicles

£

COST

At 1 February 2024

484,428

Disposals

(108,500

)

At 31 January 2025

375,928

DEPRECIATION

At 1 February 2024

290,357

Charge for year

56,389

Eliminated on disposal

(81,375

)

At 31 January 2025

265,371

NET BOOK VALUE

At 31 January 2025

110,557

At 31 January 2024

194,071

6.

STOCKS

31.1.25

31.1.24

£

£

Stocks

90,082

137,963

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

529,254

559,731

Other debtors

288,204

33,136

817,458

592,867

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

-

8,403

Trade creditors

161,706

159,294

Taxation and social security

150,368

187,373

Other creditors

47,691

48,288

359,765

403,358

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

-

8,403

There is a standard security over the owned land in favour of Airdrie Savings Bank.

Obligations under hire purchase contracts are secured over the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

351,479

343,381

Deferred

tax

£

Balance at 1 February 2024

343,381

Provided during year

8,098

Balance at 31 January 2025

351,479

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.