REGISTERED NUMBER: SC672334 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BANCHORY CAR SALES LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Chartered Accountants' Report

8

DIRECTORS:

Mr W G Duncan

Mr R Ogston

SECRETARIES:

Ms P L Crowe

Mrs S J Ogston

REGISTERED OFFICE:

Tillybrake Road

BANCHORY

Aberdeenshire

AB31 5UN

REGISTERED NUMBER:

SC672334 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

FIXED ASSETS

Intangible assets

4

141,251

166,934

Tangible assets

5

46,713

42,314

187,964

209,248

CURRENT ASSETS

Stocks

422,931

368,523

Debtors

6

224,863

116,308

Cash at bank and in hand

27,397

37,449

675,191

522,280

CREDITORS

Amounts falling due within one year

7

606,083

568,260

NET CURRENT ASSETS/(LIABILITIES)

69,108

(45,980

)

TOTAL ASSETS LESS CURRENT LIABILITIES

257,072

163,268

CREDITORS

Amounts falling due after more than one year

8

(119,009

)

(145,490

)

PROVISIONS FOR LIABILITIES

(9,417

)

(7,934

)

NET ASSETS

128,646

9,844

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

128,644

9,842

SHAREHOLDERS' FUNDS

128,646

9,844

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

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

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 13 November 2025 and were signed on its behalf by:

Mr W G Duncan - Director

Mr R Ogston - Director

1.	STATUTORY INFORMATION

Banchory Car Sales 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. Turnover includes revenue earned from the sale of goods and rendering of services.

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 purchase 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. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

256,826

AMORTISATION

At 1 April 2024

89,892

Charge for year

25,683

At 31 March 2025

115,575

NET BOOK VALUE

At 31 March 2025

141,251

At 31 March 2024

166,934

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

63,341

Additions

11,542

At 31 March 2025

74,883

DEPRECIATION

At 1 April 2024

21,027

Charge for year

7,143

At 31 March 2025

28,170

NET BOOK VALUE

At 31 March 2025

46,713

At 31 March 2024

42,314

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

31,783

Additions

11,284

At 31 March 2025

43,067

DEPRECIATION

At 1 April 2024

8,175

Charge for year

3,743

At 31 March 2025

11,918

NET BOOK VALUE

At 31 March 2025

31,149

At 31 March 2024

23,608

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

183,865

84,839

Other debtors

40,998

31,469

224,863

116,308

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,142

7,056

Trade creditors

148,996

176,131

Taxation and social security

111,234

67,011

Other creditors

332,711

318,062

606,083

568,260

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

6,509

7,990

Other creditors

112,500

137,500

119,009

145,490

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

12,500

37,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Stock loan

199,872

185,995

Hire purchase contracts

19,651

15,046

219,523

201,041

The stock loan is secured by a floating charge over the stock of the company. Hire purchase contracts are secured over the assets acquired.

10.	OTHER FINANCIAL COMMITMENTS

Pension Contributions

Amounts outstanding at the year end relating to the defined contribution pension scheme totalled £1,282 (2024: £1,065) which are included within other creditors.

Operating Leases

At the year end the company had obligations under non-cancellable operating leases totalling £220,000 (2024: £60,000) regarding property and £1,056 (2024: £127) regarding plant and machinery.

11.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Banchory Car Sales Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Banchory Car Sales Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Banchory Car Sales Ltd and state those matters that we have agreed to state to the Board of Directors of Banchory Car Sales Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Banchory Car Sales Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Banchory Car Sales Ltd. You consider that Banchory Car Sales Ltd 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 financial statements of Banchory Car Sales Ltd. 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 financial statements.

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

13 November 2025