Atlas Winch & Hoist Services (Southern) - Accounts to registrar (filleted)

REGISTERED NUMBER: SC225066 (Scotland)

Unaudited Financial Statements

for the Period 1 December 2023 to 31 March 2025

for

Atlas Winch & Hoist Services (Southern)

Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D F Lavery

C D Lavery

SECRETARY:

D F Lavery

REGISTERED OFFICE:

Old Station Yard

Station Road

Biggar

Lanarkshire

ML12 6DQ

REGISTERED NUMBER:

SC225066 (Scotland)

ACCOUNTANTS:

Henderson & Company

73 Union Street

Greenock

Renfrewshire

PA16 8BG

FIXED ASSETS

Tangible assets

4

1,590,125

1,760,591

CURRENT ASSETS

Stocks

83,692

126,174

Debtors

5

609,449

807,093

Cash at bank

411,438

250,728

1,104,579

1,183,995

CREDITORS

Amounts falling due within one year

6

730,036

669,310

NET CURRENT ASSETS

374,543

514,685

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,964,668

2,275,276

CREDITORS

Amounts falling due after more than one
year

7

(212,777

)

(545,861

)

PROVISIONS FOR LIABILITIES

(154,850

)

(200,987

)

NET ASSETS

1,597,041

1,528,428

CAPITAL AND RESERVES

Called up share capital

58

Capital redemption reserve

8

42

Retained earnings

8

1,596,941

1,528,328

SHAREHOLDERS' FUNDS

1,597,041

1,528,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period 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

C D Lavery - Director

1.	STATUTORY INFORMATION

Atlas Winch & Hoist Services (Southern) 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.

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 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 period 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 period 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.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand.

Debtors and Creditors

Basic financial instruments are measured at transaction price, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 December 2023

870,625

4,103,669

4,974,294

Additions

21,300

268,058

289,358

Disposals

-

(212,432

)

(212,432

)

At 31 March 2025

891,925

4,159,295

5,051,220

DEPRECIATION

At 1 December 2023

-

3,213,703

Charge for period

-

349,097

Eliminated on disposal

-

(101,705

)

(101,705

)

At 31 March 2025

-

3,461,095

NET BOOK VALUE

At 31 March 2025

891,925

698,200

1,590,125

At 30 November 2023

870,625

889,966

1,760,591

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Trade debtors

607,927

683,191

Other debtors

1,522

123,902

609,449

807,093

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Bank loans and overdrafts

-

26,943

Hire purchase contracts

110,288

133,980

Trade creditors

267,337

323,786

Taxation and social security

334,600

153,550

Other creditors

17,811

31,051

730,036

669,310

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2023

£

Bank loans

-

224,277

Hire purchase contracts

212,777

321,584

212,777

545,861

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 yr

-

135,554

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 December 2023

1,528,328

42

1,528,370

Profit for the period

571,726

-

571,726

Dividends

(503,113

)

-

(503,113

)

At 31 March 2025

1,596,941

42

1,596,983

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2025 and the year ended 30 November 2023:

2025

2023

£

A Lavery and Mrs L Lavery

Balance outstanding at start of period

118,733

129,673

Amounts advanced

167

118,733

Amounts repaid

(118,900

)

(129,673

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

118,733

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Atlas Winch & Hoist Services Ltd.

The company is a 100% owned subsidiary of Atlas Winch & Hoist Services Ltd and is under the control of the directors of that company.