Engineering Supply Co (Scotland) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC333925 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Engineering Supply Co (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W McMorris

A Liddell

Mrs C Connie

REGISTERED OFFICE:

Unit 5, Block 3

Thornliebank Industrial Estate

Nitshill Road

Glasgow

G46 8TU

REGISTERED NUMBER:

SC333925 (Scotland)

ACCOUNTANTS:

MacMillan Craig

Chartered Accountants

100 Brand Street

Glasgow

G51 1DG

FIXED ASSETS

Intangible assets

4

-

5,378

Tangible assets

5

238,889

248,745

238,889

254,123

CURRENT ASSETS

Stocks

464,375

465,527

Debtors

6

635,151

797,226

Cash at bank and in hand

204,004

163,739

1,303,530

1,426,492

CREDITORS

Amounts falling due within one year

7

508,158

651,199

NET CURRENT ASSETS

795,372

775,293

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,034,261

1,029,416

CREDITORS

Amounts falling due after more than one
year

8

(40,005

)

(46,053

)

PROVISIONS FOR LIABILITIES

(9,700

)

(10,800

)

NET ASSETS

984,556

972,563

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

984,456

972,463

SHAREHOLDERS' FUNDS

984,556

972,563

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 15 December 2025 and were signed on its behalf by:

D W McMorris - Director

1.	STATUTORY INFORMATION

Engineering Supply Co (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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

and 31 March 2025

385,000

47,961

432,961

AMORTISATION

At 1 April 2024

385,000

42,583

427,583

Charge for year

-

5,378

At 31 March 2025

385,000

47,961

432,961

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5,378

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

203,375

274,941

478,316

Additions

-

28,514

At 31 March 2025

203,375

303,455

506,830

DEPRECIATION

At 1 April 2024

12,203

217,368

229,571

Charge for year

4,067

34,303

38,370

At 31 March 2025

16,270

251,671

267,941

NET BOOK VALUE

At 31 March 2025

187,105

51,784

238,889

At 31 March 2024

191,172

57,573

248,745

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

59,697

Additions

25,785

At 31 March 2025

85,482

DEPRECIATION

At 1 April 2024

14,732

Charge for year

24,610

At 31 March 2025

39,342

NET BOOK VALUE

At 31 March 2025

46,140

At 31 March 2024

44,965

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

605,643

776,869

Other debtors

24,167

14,167

Prepayments

5,341

6,190

635,151

797,226

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,000

Hire purchase contracts

19,462

16,659

Trade creditors

428,334

515,705

Tax

5,000

4,500

Social security and other taxes

10,040

11,064

VAT

14,226

68,476

Other creditors

-

4,999

Directors' loan accounts

1,382

Accrued expenses

19,714

18,414

508,158

651,199

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

6,667

10,000

Bank loans - 2-5 years

-

6,667

Hire purchase contracts

33,338

29,386

40,005

46,053

9.	OTHER FINANCIAL COMMITMENTS

The company has total commitments at the balance sheet date of £55,282 (2024 - £35,218).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D W McMorris.