REGISTERED NUMBER: SC739767 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Totleywells Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms A R Findlay

Mrs R E Gribben

A R Gribben

REGISTERED OFFICE:

Totleywells Grange

Winchburgh

Broxburn

United Kingdom

EH52 6QJ

REGISTERED NUMBER:

SC739767 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

1,051,354

698,169

CURRENT ASSETS

Debtors

5

38,225

6,046

Cash at bank

19,036

71,201

57,261

77,247

CREDITORS

Amounts falling due within one year

6

65,012

91,049

NET CURRENT LIABILITIES

(7,751

)

(13,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,043,603

684,367

CREDITORS

Amounts falling due after more than one year

7

28,023

-

NET ASSETS

1,015,580

684,367

CAPITAL AND RESERVES

Called up share capital

348

241

Share premium

1,211,752

759,859

Retained earnings

(196,520

)

(75,733

)

1,015,580

684,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 25 November 2025 and were signed on its behalf by:

Ms A R Findlay - Director

1.	STATUTORY INFORMATION

Totleywells Services 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

The directors are of the opinion that the company can continue to meet its obligations as they fall due for the foreseeable future. As a consequence, the directors have prepared the financial statements on the going concern basis.

Turnover

Revenue 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.

Tenant improvements

-

Straight line over 20 years

Plant and machinery

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

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 (2023 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Tenant

Plant and

Computer

improvements

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2024

683,086

26,217

865

710,168

Additions

324,341

71,810

-

396,151

At 31 December 2024

1,007,427

98,027

865

1,106,319

DEPRECIATION

At 1 January 2024

5,765

6,104

130

11,999

Charge for year

34,435

8,358

173

42,966

At 31 December 2024

40,200

14,462

303

54,965

NET BOOK VALUE

At 31 December 2024

967,227

83,565

562

1,051,354

At 31 December 2023

677,321

20,113

735

698,169

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

3,319

6,046

Amounts owed by associates

2,528

-

Directors' loan accounts

16,633

-

VAT

15,745

-

38,225

6,046

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Hire purchase contracts

10,038

-

Trade creditors

21,238

31,223

Amounts owed to associates

-

55,544

Social security and other taxes

5,889

1,647

VAT

-

688

Other creditors

7,434

-

Directors' loan accounts

18,733

-

Accruals and deferred income

1,680

1,947

65,012

91,049

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Hire purchase contracts

28,023

-

8.	SECURED DEBTS

Registered securites in the names of Alexander Stewart Dudgeon and Charles Leighton Dudgeon.