Trade Stationers (Scotland) Limited - Accounts to registrar (filleted)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Trade Stationers (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J P W Morrison

SECRETARY:

Mrs S M Morrison

REGISTERED OFFICE:

2 Viewfield Drive

Alva

Clackmannanshire

FK12 5DT

REGISTERED NUMBER:

SC197140 (Scotland)

ACCOUNTANTS:

LMC Accountants Ltd

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Tangible assets

4

3,230

4,307

CURRENT ASSETS

Stocks

15,000

17,000

Debtors

5

11,195

17,014

Cash at bank and in hand

3,590

1,709

29,785

35,723

CREDITORS

Amounts falling due within one year

6

39,813

42,329

NET CURRENT LIABILITIES

(10,028

)

(6,606

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,798

)

(2,299

)

CREDITORS

Amounts falling due after more than one year

7

3,830

12,868

NET LIABILITIES

(10,628

)

(15,167

)

CAPITAL AND RESERVES

Called up share capital

8

6,100

Retained earnings

9

(16,728

)

(21,267

)

SHAREHOLDERS' FUNDS

(10,628

)

(15,167

)

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 director acknowledges his 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 director and authorised for issue on 14 December 2025 and were signed by:

J P Morrison - Director

1.	STATUTORY INFORMATION

Trade Stationers (Scotland) 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.

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.

The trading deficit is being funded by a business bounce back loan. The company has been adversely affected by Covid but the director is satisfied that actions have been taken which will bring the company back into profit. On that basis the director is satisfied that the accounts be prepared on a going concern basis.

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 reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

37,022

DEPRECIATION

At 1 April 2024

32,715

Charge for year

1,077

At 31 March 2025

33,792

NET BOOK VALUE

At 31 March 2025

3,230

At 31 March 2024

4,307

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

(891

)

5,273

Other debtors

12,086

11,741

11,195

17,014

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

7,458

14,375

Hire purchase contracts

1,799

Trade creditors

15,685

15,658

Taxation and social security

623

1,322

Other creditors

14,248

9,175

39,813

42,329

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

2,667

9,458

Hire purchase contracts

749

2,548

Other creditors

414

862

3,830

12,868

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

6,000

Ordinary

£1

6,000

100

B Ordinary Shares

£1

100

6,100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(21,267

)

Profit for the year

4,539

At 31 March 2025

(16,728

)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

J P W Morrison

Balance outstanding at start of year

(5,050

)

(2,900

)

Amounts advanced

(5,073

)

(2,150

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(10,123

)

(5,050

)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is J P Morrison.