REGISTERED NUMBER: SC429986 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Rashid & Sons Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Farooq Ahmed

REGISTERED OFFICE:

8 Telford Place

Linlithgow

West Lothian

EH49 7RP

REGISTERED NUMBER:

SC429986 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

10,000

20,000

Tangible assets

5

19,815

23,551

29,815

43,551

CURRENT ASSETS

Stock

4,250

4,130

Debtors

6

15,713

5,456

Cash at bank and in hand

20,986

34,919

40,949

44,505

CREDITORS

Amounts falling due within one year

7

25,824

23,196

NET CURRENT ASSETS

15,125

21,309

TOTAL ASSETS LESS CURRENT LIABILITIES

44,940

64,860

PROVISIONS FOR LIABILITIES

8

3,765

4,559

NET ASSETS

41,175

60,301

CAPITAL AND RESERVES

Called up share capital

9

6

6

Retained earnings

41,169

60,295

SHAREHOLDERS' FUNDS

41,175

60,301

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

Farooq Ahmed - Director

1.	STATUTORY INFORMATION

Rashid & Sons 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.

Goodwill

Goodwill, being the amount paid on acquisition of a business in 2012, is being amortised over its estimated useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

100,000

AMORTISATION

At 1 September 2024

80,000

Amortisation for year

10,000

At 31 August 2025

90,000

NET BOOK VALUE

At 31 August 2025

10,000

At 31 August 2024

20,000

5.	TANGIBLE FIXED ASSETS

Fittings

and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

95,820

16,909

112,729

DEPRECIATION

At 1 September 2024

74,300

14,878

89,178

Charge for year

3,228

508

3,736

At 31 August 2025

77,528

15,386

92,914

NET BOOK VALUE

At 31 August 2025

18,292

1,523

19,815

At 31 August 2024

21,520

2,031

23,551

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,113

5,456

Other debtors

8,600

-

15,713

5,456

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

17,492

19,642

Other creditors

8,332

3,554

25,824

23,196

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,765

4,559

Deferred

tax

£

Balance at 1 September 2024

4,559

Credit to Statement of Income and Retained Earnings during year

(794

)

Balance at 31 August 2025

3,765

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

1

A

£1

1

1

1

B

£1

1

1

1

C

£1

1

1

1

D

£1

1

1

6

6

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Farooq Ahmed.