IRIS Accounts Production v25.4.0.155 SC286590 Board of Directors 1.5.24 30.4.25 30.4.25 false true false false true false 401 459 568 58 969 401 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC286590 2024-04-30 SC286590 2025-04-30 SC286590 2024-05-01 2025-04-30 SC286590 2023-04-30 SC286590 2023-05-01 2024-04-30 SC286590 2024-04-30 SC286590 ns15:Scotland 2024-05-01 2025-04-30 SC286590 ns14:PoundSterling 2024-05-01 2025-04-30 SC286590 ns10:Director1 2024-05-01 2025-04-30 SC286590 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC286590 ns10:SmallEntities 2024-05-01 2025-04-30 SC286590 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 SC286590 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 SC286590 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC286590 ns10:FullAccounts 2024-05-01 2025-04-30 SC286590 ns10:Director2 42 2024-04-30 SC286590 ns10:Director2 42 2023-04-30 SC286590 ns10:Director2 42 2024-05-01 2025-04-30 SC286590 ns10:Director2 42 2023-05-01 2024-04-30 SC286590 ns10:Director2 42 2025-04-30 SC286590 ns10:Director2 42 2024-04-30 SC286590 ns10:Director2 2024-05-01 2025-04-30 SC286590 ns10:RegisteredOffice 2024-05-01 2025-04-30 SC286590 ns5:CurrentFinancialInstruments 2025-04-30 SC286590 ns5:CurrentFinancialInstruments 2024-04-30 SC286590 ns5:Non-currentFinancialInstruments 2025-04-30 SC286590 ns5:Non-currentFinancialInstruments 2024-04-30 SC286590 ns5:ShareCapital 2025-04-30 SC286590 ns5:ShareCapital 2024-04-30 SC286590 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 SC286590 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 SC286590 ns5:PlantMachinery 2024-04-30 SC286590 ns5:PlantMachinery 2024-05-01 2025-04-30 SC286590 ns5:PlantMachinery 2025-04-30 SC286590 ns5:PlantMachinery 2024-04-30 SC286590 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 SC286590 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 SC286590 1 ns10:Director1 2024-04-30 SC286590 1 ns10:Director1 2023-04-30 SC286590 1 ns10:Director1 2024-05-01 2025-04-30 SC286590 1 ns10:Director1 2023-05-01 2024-04-30 SC286590 1 ns10:Director1 2025-04-30 SC286590 1 ns10:Director1 2024-04-30

REGISTERED NUMBER: SC286590 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

W. Rae Limited

W. Rae Limited (Registered number: SC286590)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

W. Rae Limited

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | W J C Rae

| Mrs E G N Rae

| REGISTERED OFFICE: | Second Floor

| Airbles House

| 270 Airbles Road

| Motherwell

| ML1 3AT

| REGISTERED NUMBER: | SC286590 (Scotland)

| ACCOUNTANTS: | Accountants Plus

| Chartered Certified Accountants

| Second Floor

| Airbles House

| 270 Airbles Road

| Motherwell

| ML1 3AT

W. Rae Limited (Registered number: SC286590)

Balance Sheet

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 122,099 |  | 101,074 |  |

CURRENT ASSETS

Stocks | 28,276 |  | 29,836 |  |

Debtors | 5 | 354,093 |  | 280,707 |  |

Cash at bank | 189,373 |  | 177,809 |  |

571,742 |  | 488,352 |  |

CREDITORS

Amounts falling due within one year | 6 | 166,498 |  | 133,256 |  |

NET CURRENT ASSETS | 405,244 |  | 355,096 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 527,343 |  | 456,170 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (12,875 | ) | - |  |

PROVISIONS FOR LIABILITIES | (30,525 | ) | (25,269 | ) |

NET ASSETS | 483,943 |  | 430,901 |  |

CAPITAL AND RESERVES

Called up share capital | 4 |  | 4 |  |

Retained earnings | 483,939 |  | 430,897 |  |

483,943 |  | 430,901 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

W. Rae Limited (Registered number: SC286590)

Balance Sheet - continued

30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

W J C Rae - Director

W. Rae Limited (Registered number: SC286590)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| W. Rae 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 (£).

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 the cost less estimated residual value of each asset over its estimated useful life.

| Stocks

| 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 items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

W. Rae Limited (Registered number: SC286590)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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 13 (2024 - 12 ) .

W. Rae Limited (Registered number: SC286590)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024 | 241,167 |  |

| Additions | 79,899 |  |

| Disposals | (55,530 | ) |

| At 30 April 2025 | 265,536 |  |

| DEPRECIATION

| At 1 May 2024 | 140,093 |  |

| Charge for year | 37,370 |  |

| Eliminated on disposal | (34,026 | ) |

| At 30 April 2025 | 143,437 |  |

| NET BOOK VALUE

| At 30 April 2025 | 122,099 |  |

| At 30 April 2024 | 101,074 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 302,413 |  | 229,724 |  |

| Amounts owed by participating interests | 45,959 |  | 45,959 |  |

| Other debtors | 100 |  | - |  |

| Prepayments and accrued income | 5,621 |  | 5,024 |  |

354,093 |  | 280,707 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts | 2,587 |  | 1,157 |  |

| Hire purchase contracts | 10,299 |  | 8,193 |  |

| Trade creditors | 71,796 |  | 52,650 |  |

| Tax | 29,986 |  | 32,633 |  |

| Social security and other taxes | (2,407 | ) | (1,528 | ) |

| VAT | 49,810 |  | 35,378 |  |

| Directors' current accounts | 969 |  | 401 |  |

| Accrued expenses | 3,458 |  | 4,372 |  |

166,498 |  | 133,256 |  |

W. Rae Limited (Registered number: SC286590)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Hire purchase contracts | 12,875 |  | - |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Hire purchase contracts | 23,174 |  | 8,193 |  |

| Hire purchase contracts are secured on the assets to which they relate.

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

| 30.4.25 |  | 30.4.24

£ | £ |

| W J C Rae and Mrs E G N Rae

| Balance outstanding at start of year | (401 | ) | (459 | ) |

| Amounts advanced | (568 | ) | 58 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (969 | ) | (401 | ) |

| Interest free loan (from)/to director. No particular terms of repayment.