IRIS Accounts Production v25.1.3.33 SC397613 Board of Directors 1.2.24 31.1.25 31.1.25 true false true false false true false Fair value model Ordinary 'A' shares 1.00000 Ordinary 'B' shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC397613 2024-01-31 SC397613 2025-01-31 SC397613 2024-02-01 2025-01-31 SC397613 2023-01-31 SC397613 2023-02-01 2024-01-31 SC397613 2024-01-31 SC397613 ns15:Scotland 2024-02-01 2025-01-31 SC397613 ns14:PoundSterling 2024-02-01 2025-01-31 SC397613 ns10:Director1 2024-02-01 2025-01-31 SC397613 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC397613 ns10:SmallEntities 2024-02-01 2025-01-31 SC397613 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC397613 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 SC397613 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC397613 ns10:FullAccounts 2024-02-01 2025-01-31 SC397613 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 SC397613 ns10:OrdinaryShareClass2 2024-02-01 2025-01-31 SC397613 ns10:Director2 2024-02-01 2025-01-31 SC397613 ns10:Director3 2024-02-01 2025-01-31 SC397613 ns10:RegisteredOffice 2024-02-01 2025-01-31 SC397613 ns5:CurrentFinancialInstruments 2025-01-31 SC397613 ns5:CurrentFinancialInstruments 2024-01-31 SC397613 ns5:Non-currentFinancialInstruments 2025-01-31 SC397613 ns5:Non-currentFinancialInstruments 2024-01-31 SC397613 ns5:ShareCapital 2025-01-31 SC397613 ns5:ShareCapital 2024-01-31 SC397613 ns5:RevaluationReserve 2025-01-31 SC397613 ns5:RevaluationReserve 2024-01-31 SC397613 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 SC397613 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 SC397613 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 SC397613 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 SC397613 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC397613 ns5:LeaseholdImprovements 2024-02-01 2025-01-31 SC397613 ns5:PlantMachinery 2024-02-01 2025-01-31 SC397613 ns5:LandBuildings 2024-01-31 SC397613 ns5:LeaseholdImprovements 2024-01-31 SC397613 ns5:PlantMachinery 2024-01-31 SC397613 ns5:LandBuildings 2024-02-01 2025-01-31 SC397613 ns5:LandBuildings 2025-01-31 SC397613 ns5:LeaseholdImprovements 2025-01-31 SC397613 ns5:PlantMachinery 2025-01-31 SC397613 ns5:LandBuildings 2024-01-31 SC397613 ns5:LeaseholdImprovements 2024-01-31 SC397613 ns5:PlantMachinery 2024-01-31 SC397613 ns5:CostValuation 2024-01-31 SC397613 ns5:AdditionsToInvestments 2025-01-31 SC397613 ns5:DisposalsRepaymentsInvestments 2025-01-31 SC397613 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-01-31 SC397613 ns5:CostValuation 2025-01-31 SC397613 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 SC397613 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 SC397613 ns10:OrdinaryShareClass1 2025-01-31 SC397613 ns10:OrdinaryShareClass2 2025-01-31 SC397613 ns5:RevaluationReserve 2024-01-31

REGISTERED NUMBER: SC397613 (Scotland)

| Financial Statements |

| for the Year Ended 31 January 2025 |

| for |

| TMS Holdings (Scotland) Limited |

TMS Holdings (Scotland) Limited (Registered number: SC397613)

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

TMS Holdings (Scotland) Limited

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | T McKeown

| Mrs M McKeown

| S McKeown

| REGISTERED OFFICE: | Radleigh House

| 1 Golf Road

| Clarkston

| Glasgow

| G76 7HU

| REGISTERED NUMBER: | SC397613 (Scotland)

| ACCOUNTANTS: | O'Haras Chartered Accountants

| Radleigh House

| 1 Golf Road

| Clarkston

| Glasgow

| G76 7HU

TMS Holdings (Scotland) Limited (Registered number: SC397613)

Balance Sheet

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 3 | 1,570,097 |  | 1,606,881 |  |

Investments | 4 | 276,093 |  | 295,103 |  |

Investment property | 5 | 585,000 |  | 585,000 |  |

2,431,190 |  | 2,486,984 |  |

CURRENT ASSETS

Debtors | 6 | 27,390 |  | 34,457 |  |

Cash at bank | 56,394 |  | 6,904 |  |

83,784 |  | 41,361 |  |

CREDITORS

Amounts falling due within one year | 7 | 479,053 |  | 460,066 |  |

NET CURRENT LIABILITIES | (395,269 | ) | (418,705 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,035,921 |  | 2,068,279 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,350 | ) | (1,200 | ) |

PROVISIONS FOR LIABILITIES | (159,025 | ) | (159,025 | ) |

NET ASSETS | 1,875,546 |  | 1,908,054 |  |

TMS Holdings (Scotland) Limited (Registered number: SC397613)

Balance Sheet - continued

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 10 | 200 |  | 200 |  |

Revaluation reserve | 11 | 341,126 |  | 341,126 |  |

Other reserves | 201,725 |  | 201,725 |  |

Retained earnings | 1,332,495 |  | 1,365,003 |  |

SHAREHOLDERS' FUNDS | 1,875,546 |  | 1,908,054 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

S McKeown - Director

TMS Holdings (Scotland) Limited (Registered number: SC397613)

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | 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.

| Going concern

| The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

| 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.

| Freehold property | - | 2% on cost

| Improvements to property | - | 2% on cost

| Plant and machinery | - | 15% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| 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.

TMS Holdings (Scotland) Limited (Registered number: SC397613)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

1. | ACCOUNTING POLICIES - continued

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

3. | PROPERTY, PLANT AND EQUIPMENT

| Improvements |

| Freehold |  | to |  | Plant and |

| property |  | property |  | machinery |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 February 2024

| and 31 January 2025 | 1,400,000 |  | 311,888 |  | 30,914 |  | 1,742,802 |  |

| DEPRECIATION

| At 1 February 2024 | 84,000 |  | 37,986 |  | 13,935 |  | 135,921 |  |

| Charge for year | 28,000 |  | 6,238 |  | 2,546 |  | 36,784 |  |

| At 31 January 2025 | 112,000 |  | 44,224 |  | 16,481 |  | 172,705 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1,288,000 |  | 267,664 |  | 14,433 |  | 1,570,097 |  |

| At 31 January 2024 | 1,316,000 |  | 273,902 |  | 16,979 |  | 1,606,881 |  |

| Cost or valuation at 31 January 2025 is represented by:

| Improvements |

| Freehold |  | to |  | Plant and |

| property |  | property |  | machinery |  | Totals

£ | £ | £ | £ |

| Valuation in 2018 | 223,317 |  | - |  | - |  | 223,317 |  |

| Valuation in 2021 | 68,577 |  | - |  | - |  | 68,577 |  |

| Cost | 1,108,106 |  | 311,888 |  | 30,914 |  | 1,450,908 |  |

1,400,000 |  | 311,888 |  | 30,914 |  | 1,742,802 |  |

TMS Holdings (Scotland) Limited (Registered number: SC397613)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

3. | PROPERTY, PLANT AND EQUIPMENT - continued

| If freehold property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,108,106 |  | 1,108,106 |  |

| Aggregate depreciation | 158,931 |  | 158,931 |  |

| Freehold property was valued on an open market basis on 1 December 2020 by Whyte & Barrie Chartered Surveyors .

4. | FIXED ASSET INVESTMENTS

| Shares in |

| group |  | Other |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 February 2024 | 200 |  | 294,903 |  | 295,103 |  |

| Additions | - |  | 250,000 |  | 250,000 |  |

| Disposals | - |  | (304,598 | ) | (304,598 | ) |

| Share of profit/(loss) | - |  | 21,412 |  | 21,412 |  |

| Revaluations | - |  | 14,176 |  | 14,176 |  |

| At 31 January 2025 | 200 |  | 275,893 |  | 276,093 |  |

| NET BOOK VALUE

| At 31 January 2025 | 200 |  | 275,893 |  | 276,093 |  |

| At 31 January 2024 | 200 |  | 294,903 |  | 295,103 |  |

| Cost or valuation at 31 January 2025 is represented by:

| Shares in |

| group |  | Other |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| Valuation in 2021 | - |  | 5,507 |  | 5,507 |  |

| Valuation in 2022 | - |  | 6,472 |  | 6,472 |  |

| Valuation in 2023 | - |  | (11,852 | ) | (11,852 | ) |

| Valuation in 2024 | - |  | 9,680 |  | 9,680 |  |

| Valuation in 2025 | - |  | 14,176 |  | 14,176 |  |

| Cost | 200 |  | 251,910 |  | 252,110 |  |

200 |  | 275,893 |  | 276,093 |  |

TMS Holdings (Scotland) Limited (Registered number: SC397613)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 February 2024

| and 31 January 2025 | 585,000 |  |

| NET BOOK VALUE

| At 31 January 2025 | 585,000 |  |

| At 31 January 2024 | 585,000 |  |

| Fair value at 31 January 2025 is represented by:

£ |

| Valuation in 2021 | 164,500 |  |

| Cost | 420,500 |  |

585,000 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 11,713 |  | 9,327 |  |

| Other debtors | 15,677 |  | 25,130 |  |

27,390 |  | 34,457 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 6,023 |  |

| Trade creditors | 13,098 |  | 7,466 |  |

| Taxation and social security | 80,138 |  | 71,746 |  |

| Other creditors | 385,817 |  | 374,831 |  |

479,053 |  | 460,066 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 1,350 |  | 1,200 |  |

TMS Holdings (Scotland) Limited (Registered number: SC397613)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

9. | SECURED DEBTS

| The Clydesdale Bank holds a floating charge over the assets and undertakings of the company.

| The Clydesdale Bank has a legal first charge over the property at Moorfield Drive, Moorfield Industrial Estate, Altham, Lancashire.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 190 | Ordinary 'A' shares | £1 | 190 |  | 190 |  |

| 10 | Ordinary 'B' shares | £1 | 10 |  | 10 |  |

200 |  | 200 |  |

11. | RESERVES

| Revaluation

| reserve

£ |

| At 1 February 2024

| and 31 January 2025 | 341,126 |  |