REGISTERED NUMBER: SC024322 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

James A. Cuthbertson, Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D F Lavery

D G Lavery

REGISTERED OFFICE:

Station Road

Biggar

South Lanarkshire

ML12 6DQ

REGISTERED NUMBER:

SC024322 (Scotland)

ACCOUNTANTS:

Henderson & Company

73 Union Street

Greenock

Renfrewshire

PA16 8BG

FIXED ASSETS

Tangible assets

4

1,133,798

1,186,658

Investments

5

14,000

14,000

1,147,798

1,200,658

CURRENT ASSETS

Stocks

1,069,152

1,011,291

Debtors

6

248,424

1,792,515

Prepayments and accrued income

21,722

18,536

Cash at bank

1,151,534

1,295,868

2,490,832

4,118,210

CREDITORS

Amounts falling due within one year

7

589,204

1,916,067

NET CURRENT ASSETS

1,901,628

2,202,143

TOTAL ASSETS LESS CURRENT LIABILITIES

3,049,426

3,402,801

CREDITORS

Amounts falling due after more than one year

8

(949,324

)

(1,685,761

)

PROVISIONS FOR LIABILITIES

(103,515

)

(121,365

)

NET ASSETS

1,996,587

1,595,675

CAPITAL AND RESERVES

Called up share capital

300,000

300,000

Revaluation reserve

9

609,150

609,150

Retained earnings

1,087,437

686,525

1,996,587

1,595,675

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 11 December 2025 and were signed on its behalf by:

D F Lavery - Director

1.	STATUTORY INFORMATION

James A. Cuthbertson, 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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on reducing balance

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.

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.

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 29 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

717,961

1,559,941

2,277,902

Additions

-

62,410

62,410

Disposals

-

(7,500

)

(7,500

)

At 31 March 2025

717,961

1,614,851

2,332,812

DEPRECIATION

At 1 April 2024

-

1,091,244

1,091,244

Charge for year

-

107,770

107,770

At 31 March 2025

-

1,199,014

1,199,014

NET BOOK VALUE

At 31 March 2025

717,961

415,837

1,133,798

At 31 March 2024

717,961

468,697

1,186,658

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 April 2024

and 31 March 2025

14,000

NET BOOK VALUE

At 31 March 2025

14,000

At 31 March 2024

14,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

248,424

1,792,515

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

46,075

35,729

Trade creditors

310,755

1,659,773

Taxation and social security

192,427

174,943

Other creditors

39,947

45,622

589,204

1,916,067

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

38,556

44,126

Other creditors

910,768

1,641,635

949,324

1,685,761

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

609,150

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Atlas Winch & Hoist Services Ltd.