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REGISTERED NUMBER: SC178848 (Scotland)

Financial Statements for the Period 1 September 2024 to 31 March 2025

for

Anderson & Spence Limited

Anderson & Spence Limited (Registered number: SC178848)

Contents of the Financial Statements

for the Period 1 September 2024 to 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Anderson & Spence Limited

Company Information

for the Period 1 September 2024 to 31 March 2025

| DIRECTORS: | R J Manson

| P J Manson

| Mrs L I M Manson

| K M Manson

| SECRETARY: | Mrs L I M Manson

| REGISTERED OFFICE: | 18 North Silver Street

| Aberdeen

| AB10 1JU

| REGISTERED NUMBER: | SC178848 (Scotland)

| ACCOUNTANTS: | Tawse & Partners

| Chartered Accountants

| 18 North Silver Street

| Aberdeen

| AB10 1JU

Anderson & Spence Limited (Registered number: SC178848)

Balance Sheet

31 March 2025

| 31.3.25 | 31.8.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 115,106 |  | 120,975 |  |

CURRENT ASSETS

Stocks | 53,072 |  | 52,137 |  |

Debtors | 6 | 158,326 |  | 188,971 |  |

Prepayments and accrued income | - |  | 1,385 |  |

Cash at bank and in hand | 149,767 |  | 233,278 |  |

361,165 |  | 475,771 |  |

CREDITORS

Amounts falling due within one year | 7 | 313,370 |  | 286,990 |  |

NET CURRENT ASSETS | 47,795 |  | 188,781 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 162,901 |  | 309,756 |  |

PROVISIONS FOR LIABILITIES | 27,923 |  | 29,359 |  |

NET ASSETS | 134,978 |  | 280,397 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 2 |  | 2 |  |

Retained earnings | 134,976 |  | 280,395 |  |

SHAREHOLDERS' FUNDS | 134,978 |  | 280,397 |  |

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Anderson & Spence Limited (Registered number: SC178848)

Balance Sheet - continued

31 March 2025

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

K M Manson - Director

Anderson & Spence Limited (Registered number: SC178848)

Notes to the Financial Statements

for the Period 1 September 2024 to 31 March 2025

1. | STATUTORY INFORMATION

| Anderson & Spence 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 (£).

| The company's principal place of business is 31 Fountainhall Road, Aberdeen, AB15 4EW.

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.

| Turnover

| Turnover is measured at fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:

| Sale of goods

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods

| have transferred to the buyer, the amount of turnover can be measured reliably, 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.

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from services rendered is recognised by reference to the stage of completion at the Statement of Financial Position date. Stage of completion is measured by reference to the NHS Income Statements at the Statement of Financial Position date.

| Grants receivable

| Depending on the type of grant, the income is either recognised in the period it is received or in the same period as the costs it relates to.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 4.17% straight line

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% straight line

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Anderson & Spence Limited (Registered number: SC178848)

Notes to the Financial Statements - continued

for the Period 1 September 2024 to 31 March 2025

3. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

| At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 11 (2024 - 13 ) .

Anderson & Spence Limited (Registered number: SC178848)

Notes to the Financial Statements - continued

for the Period 1 September 2024 to 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 September 2024

| and 31 March 2025 | 194,433 |  | 35,558 |  | 9,495 |  | 239,486 |  |

| DEPRECIATION

| At 1 September 2024 | 86,457 |  | 22,559 |  | 9,495 |  | 118,511 |  |

| Charge for period | 4,732 |  | 1,137 |  | - |  | 5,869 |  |

| At 31 March 2025 | 91,189 |  | 23,696 |  | 9,495 |  | 124,380 |  |

| NET BOOK VALUE

| At 31 March 2025 | 103,244 |  | 11,862 |  | - |  | 115,106 |  |

| At 31 August 2024 | 107,976 |  | 12,999 |  | - |  | 120,975 |  |

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

| 31.3.25 |  | 31.8.24

£ | £ |

| Trade debtors | 124,483 |  | 153,609 |  |

| Other debtors | 3,847 |  | 3,907 |  |

| VAT | 25,745 |  | 26,700 |  |

| Prepayments and accrued income | 4,251 |  | 4,755 |  |

158,326 |  | 188,971 |  |

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

| 31.3.25 |  | 31.8.24

£ | £ |

| Trade creditors | 207,870 |  | 220,464 |  |

| Amounts owed to group undertakings | 182 |  | - |  |

| Tax | 74,512 |  | 31,536 |  |

| Social security and other taxes | - |  | 4,263 |  |

| Other creditors | 27,358 |  | 27,078 |  |

| Accruals and deferred income | 3,448 |  | 3,649 |  |

313,370 |  | 286,990 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.8.24

| value: | £ | £ |

| 2 | Ordinary | 1 | 2 |  | 2 |  |