A. & G. Cairncross Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: SC055460

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks	4	-		177,935
Debtors	5	21,499		17,750
Cash at bank and in hand		506,574		536,974

		528,073		732,659
Creditors: Amounts Falling Due Within One Year	6	(533,333 )		(542,317 )

NET CURRENT ASSETS (LIABILITIES)			(5,260 )		190,342

TOTAL ASSETS LESS CURRENT LIABILITIES			(5,260 )		190,342

NET (LIABILITIES)/ASSETS			(5,260 )		190,342

CAPITAL AND RESERVES
Called up share capital	7		100,000		100,000
Income Statement			(105,260 )		90,342

SHAREHOLDERS' FUNDS			(5,260)		190,342

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A. & G. Cairncross Limited

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Ian Condie

Director

28/05/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

A. & G. Cairncross Limited is a private company, limited by shares, incorporated in Scotland, registered number SC055460 . The registered office is 47 Fergusson Road, Dunfermline, Fife, KY11 8NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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 the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance per annum
Fixtures & Fittings	25% reducing balance per annum
Computer Equipment	33% straight line per annum

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 3)

4. Stocks

	2025	2024
	£	£
Finished goods	-	177,935

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A. & G. Cairncross Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	12,617	10,549
VAT	1,024	1,992
Other taxes and social security	7,858	5,209

	21,499	17,750

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	(3,322 )
Accruals and deferred income	452,492	464,798
Directors' loan accounts	80,841	80,841

	533,333	542,317

The Bank of Scotland PLC hold a floating charge dated 10 October 1994 over all assets of the company as security.

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100,000	100,000

8. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to the estate of a former director:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Ian Condie	80,841	-	-	-	80,841

The above loan is unsecured, interest free and repayable on demand.

9. Related Party Transactions

The company has taken advantage of Section 1AC35 of FRS 102 whereby only material transactions which are not under the normal market conditions need to be disclosed.

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