The Conveyor Belt Company (Scotland) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC302705 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Conveyor Belt Company (Scotland) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Burns

Mrs A Burns

S M Haining

Mrs L Haining

REGISTERED OFFICE:

Unit 11

Dunlop Square

Deans Industrial Estate

Livingston

EH54 8SB

REGISTERED NUMBER:

SC302705 (Scotland)

ACCOUNTANTS:

Accountants Plus

Chartered Certified Accountants

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

FIXED ASSETS

Tangible assets

4

288,064

228,707

CURRENT ASSETS

Stocks

582,286

490,408

Debtors

5

492,390

601,891

Cash at bank

80,987

45,066

1,155,663

1,137,365

CREDITORS

Amounts falling due within one year

6

1,084,034

995,121

NET CURRENT ASSETS

71,629

142,244

TOTAL ASSETS LESS CURRENT
LIABILITIES

359,693

370,951

CREDITORS

Amounts falling due after more than
one year

7

(154,291

)

(164,109

)

PROVISIONS FOR LIABILITIES

(54,732

)

(57,177

)

NET ASSETS

150,670

149,665

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

149,670

148,665

150,670

149,665

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 9 December 2025 and were signed on its behalf by:

R Burns - Director

Mrs A Burns - Director

S M Haining - Director

Mrs L Haining - Director

1.	STATUTORY INFORMATION

The Conveyor Belt Company (Scotland) 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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

33% on cost

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.

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 32 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2024

417,390

224,294

641,684

Additions

27,106

196,750

223,856

At 31 March 2025

444,496

421,044

865,540

DEPRECIATION

At 1 April 2024

326,899

86,078

412,977

Charge for year

29,824

134,675

164,499

At 31 March 2025

356,723

220,753

577,476

NET BOOK VALUE

At 31 March 2025

87,773

200,291

288,064

At 31 March 2024

90,491

138,216

228,707

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

484,307

596,547

Directors' current accounts

2,739

-

Prepayments

5,344

492,390

601,891

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

40,000

Hire purchase contracts

96,493

40,331

Trade creditors

465,265

417,659

Factor creditor

268,056

339,893

Tax

48,352

-

Social security and other taxes

27,271

23,411

Pension

2,842

2,500

VAT

97,826

84,986

Other creditors

7,972

3,100

Directors' current accounts

26,052

39,771

Accrued expenses

3,905

3,470

1,084,034

995,121

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

6,667

46,667

Hire purchase contracts

147,624

117,442

154,291

164,109