Registration number: SC449772

Radon Scotland Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Radon Scotland Limited

Company Information

Directors

Mrs Gwen Simpson Mr Karl Simpson

Registered office

The Old School Orphir Orkney KW17 2RF

Accountants

Gray Associates Ridgeways Back Road Stromness Orkney KW16 3DS

Radon Scotland Limited

(Registration number: SC449772)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	8,178	9,180
Current assets
Stocks	5	190,922	165,694
Debtors	6	7,148	5,715
Cash at bank and in hand		-	24,163
		198,070	195,572
Creditors: Amounts falling due within one year	7	(36,045)	(50,124)
Net current assets		162,025	145,448
Total assets less current liabilities		170,203	154,628
Creditors: Amounts falling due after more than one year	7	-	(2,517)
Provisions for liabilities		(857)	(895)
Net assets		169,346	151,216
Capital and reserves
Called up share capital		10	10
Retained earnings		169,336	151,206
Shareholders' funds		169,346	151,216

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2025 and signed on its behalf by:
 

......................................... Mr Karl Simpson Director

Radon Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Old School
Orphir
Orkney
KW17 2RF

These financial statements were authorised for issue by the Board on 20 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Radon Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	Reducing balance 25%
Motor vehicles	Reducing balance 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Radon Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Radon Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 June 2024	1,092	18,748	30,771	50,611
Additions	1,901	-	-	1,901
Disposals	-	(4,748)	-	(4,748)
At 31 May 2025	2,993	14,000	30,771	47,764
Depreciation
At 1 June 2024	532	10,873	30,026	41,431
Charge for the year	499	1,969	435	2,903
Eliminated on disposal	-	(4,748)	-	(4,748)
At 31 May 2025	1,031	8,094	30,461	39,586
Carrying amount
At 31 May 2025	1,962	5,906	310	8,178
At 31 May 2024	560	7,875	745	9,180

5

Stocks

	2025 £	2024 £
Work in progress	190,922	165,694

6

Debtors

Current	2025 £	2024 £
Trade debtors	4,464	5,022
Prepayments	1,013	693
Other debtors	1,671	-
	7,148	5,715

Radon Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	16,238	25,733
Trade creditors		4,885	2,189
Taxation and social security		11,926	18,153
Accruals and deferred income		2,998	4,049
Other creditors		(2)	-
		36,045	50,124

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	2,517

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	2,517

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	2,517	2,479
Bank overdrafts	12,753	-
Other borrowings	968	23,254
	16,238	25,733

Radon Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

9	Related party transactions

Transactions with directors

2025	Advances from directors £	Advances to director £	At 31 May 2025 £
Mrs Gwen Simpson
Directors loan account	19,855	(33,997)	484
Mr Karl Simpson
Directors loan account	25,855	(33,997)	484

The directors loans are unsecured, interest free and repayable on deamnd.