Trichem Scotland Limited

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Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Trichem Scotland Limited for the year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Trichem Scotland Limited for the year ended 31 January 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the directors of Trichem Scotland Limited , as a body, in accordance with the terms of our engagement letter dated 15 April 2019. Our work has been undertaken solely to prepare for your approval the accounts of Trichem Scotland Limited and state those matters that we have agreed to state to the directors of Trichem Scotland Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trichem Scotland Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Trichem Scotland Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Trichem Scotland Limited . You consider that Trichem Scotland Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Trichem Scotland Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Signed

29 October 2025

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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Trichem Scotland Limited

Balance Sheet

As At 31 January 2025

Balance Sheet

Registered number: SC170892

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		734,742		414,640

			734,742		414,640
CURRENT ASSETS
Stocks	5	380,464		369,133
Debtors	6	281,132		322,558
Cash at bank and in hand		67,805		111,251

		729,401		802,942
Creditors: Amounts Falling Due Within One Year	7	(520,990 )		(428,910 )

NET CURRENT ASSETS (LIABILITIES)			208,411		374,032

TOTAL ASSETS LESS CURRENT LIABILITIES			943,153		788,672

Creditors: Amounts Falling Due After More Than One Year	8		(417,836 )		(265,839 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,721 )		(23,828 )

NET ASSETS			519,596		499,005

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			519,496		498,905

SHAREHOLDERS' FUNDS			519,596		499,005

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Trichem Scotland Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Drummond

Director

29 October 2025

The notes on pages 4 to 7 form part of these financial statements.

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Trichem Scotland Limited

Notes to the Financial Statements

For The Year Ended 31 January 2025

Notes to the Financial Statements

1. General Information

Trichem Scotland Limited is a private company, limited by shares, incorporated in Scotland, registered number SC170892 . The registered office is 36e Inchmuir Road, Whitehill Industrial Estate, Bathgate, West Lothian, EH48 2EP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10% Straight line
Plant & Machinery	20% Straight line
Motor Vehicles	25% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

Basic financial instruments are initially recognised at transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method, where applicable. These can include trade and other debtors, cash and bank balances, trade and other creditors, and intercompany balances. Financial assets are assessed at the end of each reporting period for evidence of impairment and adjusted if necessary. The company does not hold or issue any complex financial instruments such as derivatives.

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Trichem Scotland Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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 in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 26 (2024: 24)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 February 2024	54,219	605,674	328,307	988,200
Additions	-	490,457	79,744	570,201

As at 31 January 2025	54,219	1,096,131	408,051	1,558,401

Depreciation
As at 1 February 2024	54,219	322,817	196,524	573,560
Provided during the period	-	197,217	52,882	250,099

As at 31 January 2025	54,219	520,034	249,406	823,659

Net Book Value
As at 31 January 2025	-	576,097	158,645	734,742

As at 1 February 2024	-	282,857	131,783	414,640

5. Stocks

	2025	2024
	£	£
Stock	380,464	369,133

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Trichem Scotland Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	249,251	315,213
Other debtors	31,881	7,345

	281,132	322,558

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	152,079	88,085
Trade creditors	177,312	142,041
Bank loans and overdrafts	20,390	19,031
Amounts owed to participating interests	93,410	70,417
Other creditors	66,764	20,062
Taxation and social security	11,035	89,274

	520,990	428,910

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	391,795	219,369
Bank loans	26,041	46,470

	417,836	265,839

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	543,874	307,454
Bank loans and overdrafts	46,431	65,501

Hire purchase contracts are secured over the assets concerned.

One of the bank loans is supported by a 100% guarantee from the UK government and there is a floating charge over the assets and undertakings of the company.

10. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	20,390	19,031

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	26,041	46,470

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Trichem Scotland Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	152,079	88,085
Later than one year and not later than five years	391,795	219,369

	543,874	307,454

	543,874	307,454

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	64,500	40,500

	64,500	40,500

14. Related Party Disclosures

The company operates a loan account with the directors, Mr & Mrs M Drummond.

During the year, the directors advanced loans totalling £37,086 to the company. At the year end, the balance due to the directors was £54,664 (2024: £17,578). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with Dammond Developments Ltd, a company controlled by Mr & Mrs M Drummond.

During the year the company bought goods and services totalling £24,000 (2024: £24,000) from Dammond Developments Ltd. This was conducted under normal commercial terms. During the year, the company received loans totalling £22,993 from Dammond Developments Ltd. At the year end the balance due to Dammond Developments Ltd was £93,410 (2024: £70,417). This loan is unsecured, interest free and has no fixed repayment terms.

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