REGISTERED NUMBER: SC609553 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Nwl Honeywagon Co. Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A M Newall

REGISTERED OFFICE:

90-96 North Street

Alexandria

Dunbartonshire

G83 0EB

REGISTERED NUMBER:

SC609553 (Scotland)

ACCOUNTANTS:

Accountants Plus

Chartered Certified Accountants

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

FIXED ASSETS

Tangible assets

4

3,433,642

964,981

CURRENT ASSETS

Debtors

5

512,856

112,754

Cash at bank

106,941

167,246

619,797

280,000

CREDITORS

Amounts falling due within one year

6

985,881

310,160

NET CURRENT LIABILITIES

(366,084

)

(30,160

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,067,558

934,821

CREDITORS

Amounts falling due after more than one year

7

(1,914,005

)

(191,716

)

PROVISIONS FOR LIABILITIES

(302,876

)

(199,015

)

NET ASSETS

850,677

544,090

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

850,676

544,089

850,677

544,090

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 November 2025 and were signed by:

S A M Newall - Director

1.	STATUTORY INFORMATION

Nwl Honeywagon Co. Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Assets purchased in year are depreciated based on the number of months of ownership in the year of purchase. No depreciation has been applied to assets owned for less than a month prior to the financial period end.

The depreciation rates have been altered in the year to better reflect the useful life of the assets.

Plant and machinery has changed from 15% on reducing balance to 10% on reducing balance.

Motor vehicles has changed from 20% on reducing balance to 15% on reducing balance.

Financial instruments

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 transaction price, less any impairment. 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.

Cash and bank balances

Cash and bank balances are measured at the transaction price.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2024

30,086

947,549

1,720

Additions

-

2,382,014

20,945

Disposals

(30,086

)

(38,996

)

-

At 31 October 2025

-

3,290,567

22,665

DEPRECIATION

At 1 November 2024

-

291,288

637

Charge for year

-

168,161

2,127

Eliminated on disposal

-

(15,641

)

-

At 31 October 2025

-

443,808

2,764

NET BOOK VALUE

At 31 October 2025

-

2,846,759

19,901

At 31 October 2024

30,086

656,261

1,083

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

439,610

14,057

1,433,022

Additions

345,809

9,693

2,758,461

Disposals

-

(1,140

)

(70,222

)

At 31 October 2025

785,419

22,610

4,121,261

DEPRECIATION

At 1 November 2024

170,081

6,035

468,041

Charge for year

62,899

2,442

235,629

Eliminated on disposal

-

(410

)

(16,051

)

At 31 October 2025

232,980

8,067

687,619

NET BOOK VALUE

At 31 October 2025

552,439

14,543

3,433,642

At 31 October 2024

269,529

8,022

964,981

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

369,162

110,122

Amounts owed by participating interests

23,564

2,000

Directors' current accounts

31,383

-

VAT

78,449

-

Prepayments

10,298

632

512,856

112,754

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

-

10,370

Other loans

29,415

-

Hire purchase contracts

848,688

139,803

Trade creditors

17,407

15,554

Amounts owed to participating interests

-

36,721

Tax

-

100

Social security and other taxes

16,829

5,108

VAT

-

44,898

Other creditors

70,636

36,542

Pension creditor

1,643

-

Directors' current accounts

-

13,663

Accruals and deferred income

1,263

7,401

985,881

310,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Other loans - 1-2 years

31,868

-

Other loans - 2-5 years

148,707

-

Hire purchase contracts

1,733,430

191,716

1,914,005

191,716

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.10.25

31.10.24

£

£

S A M Newall

Balance outstanding at start of year

(13,664

)

(54,792

)

Amounts advanced

45,047

41,128

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,383

(13,664

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S A M Newall.