ACCOUNTS - Final Accounts

Registered number: SC135117

GORDON BOW ENGINEERING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

GORDON BOW ENGINEERING LIMITED

COMPANY INFORMATION

Directors	Mr Gordon Bow
	Mr Robert Boyd
	Mr Richard Tait
	Mr Graham Bow (appointed 3 December 2024)


Company secretary	Mr Richard Tait


Registered number	SC135117


Registered office	6 Youngs Road
	East Mains Industrial Estate
	Broxburn
	West Lothian
	EH52 5LY


Independent auditors	Sumer Auditco Limited
	Chartered Accountants & Statutory Auditors
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

GORDON BOW ENGINEERING LIMITED

REGISTERED NUMBER: SC135117

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£

Fixed assets
Tangible assets	4		635,203		571,419
			635,203		571,419
Current assets
Stocks		146,175		147,070
Debtors: amounts falling due within one year	5	763,580		848,061
Bank and cash balances		493,086		413,525
		1,402,841		1,408,656
Creditors: amounts falling due within one year	6	(397,403)		(385,414)
Net current assets			1,005,438		1,023,242
Total assets less current liabilities			1,640,641		1,594,661
Creditors: amounts falling due after more than one year	7		(202,790)		(162,575)
Provisions for liabilities
Deferred tax		(31,569)		(36,079)
			(31,569)		(36,079)
Net assets			1,406,282		1,396,007

Capital and reserves
Called up share capital			75,000		75,000
Profit and loss account			1,331,282		1,321,007
			1,406,282		1,396,007

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GORDON BOW ENGINEERING LIMITED

REGISTERED NUMBER: SC135117

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2025.

Mr Robert Boyd

Director

The notes on pages 3 to 11 form part of these financial statements.

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GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Gordon Bow Engineering Limited is a private company, limited by shares, incorporated in Scotland; with registration number: SC135117. The registered office address is 6 Youngs Road, East Mains Industrial Estate, Broxburn, West Lothian, EH52 5LY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Finance leases and hire purchase contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

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GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:

Depreciation is provided on the following basis:

				Long-term leasehold property	-	5%	reducing balance
				Plant and machinery	-	25%	reducing balance
				Motor vehicles	-	25%	reducing balance
				Fixtures, fittings and equipment	-	20%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
No depreciation is provided on freehold land and buildings as it is the company's policy to maintain them to such a standard as to extend their useful life. Costs of general repairs and renewals are charged against revenue in the year in which they are incurred.
Assets under the course of construction are not depreciated. Charges for depreciation will commence on completion of construction of the assets.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

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GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

			2025	2024
			No.	No.

		Direct labour	21	21
		Administration staff	3	3
		Directors	4	4

			28	28

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		GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

	4.	Tangible fixed assets

		Freehold land and property	Long-term leasehold property	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Assets under construction	Total
		£	£	£	£	£	£	£
	Cost or valuation
	At 1 April 2024	168,475	48,818	272,191	390,597	26,347	146,581	1,053,009
	Additions	-	-	30,070	121,158	11,948	-	163,176
	Disposals	-	-	(10,458)	(108,298)	(5,909)	-	(124,665)
	At 31 March 2025	168,475	48,818	291,803	403,457	32,386	146,581	1,091,520
	Depreciation
	At 1 April 2024	-	23,227	236,374	201,305	20,684	-	481,590
	Charge for the year on owned assets	-	1,280	13,932	57,505	2,630	-	75,347
	Disposals	-	-	(8,580)	(87,243)	(4,797)	-	(100,620)
	At 31 March 2025	-	24,507	241,726	171,567	18,517	-	456,317
	Net book value
	At 31 March 2025	168,475	24,311	50,077	231,890	13,869	146,581	635,203
	At 31 March 2024	168,475	25,591	35,817	189,292	5,663	146,581	571,419

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GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.Tangible fixed assets (continued)

	The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
					2025	2024
					£	£


	Motor vehicles	183,146	111,561

5.

Debtors

					2025	2024
					£	£


	Trade debtors	583,735	532,426
	Amounts owed by group undertakings	170,276	292,189
	Other debtors	2,819	16,696
	Prepayments and accrued income	6,750	6,750
		763,580	848,061

6.	Creditors: Amounts falling due within one year
					2025	2024
					£	£

	Trade creditors	140,602	168,006
	Amounts owed to group undertakings	151,135	151,135
	Other taxation and social security	31,609	18,192
	Obligations under finance lease and hire purchase contracts	50,995	25,495
	Other creditors	5,279	4,803
	Accruals and deferred income	17,783	17,783
		397,403	385,414

Net obligations under finance lease and hire purchase contracts are secured by the relevant assets.

7.	Creditors: Amounts falling due after more than one year
					2025	2024
					£	£

	Net obligations under finance leases and hire purchase contracts	113,790	73,575
	Government grants received	89,000	89,000
		202,790	162,575

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GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Share capital
					2025	2024
					£	£

		Allotted, called up and fully paid

		75,000 (2024 - 75,000) Ordinary shares of £1.00 each	75,000	75,000

9.	Commitments under operating leases
	At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
					2025	2024
					£	£

Not later than 1 year

27,000

27,000

10.	Related party transactions
	The company has taken advantage of the exemption within FRS 102 1A from disclosing transactions with other companies that are wholly owned by the group headed by GMS Investments Limited.

		2025	2024
		£	£

	Sales to other related parties other than wholly owned group companies	148,088	122,716
	Purchases to other related parties other than wholly owned group companies	147,815	175,809
	Net trading balances due from/(to) other related parties other than wholly owned group companies	169,292	175,098

The amounts are unsecured, interest free and repayable on demand.

11.	Controlling party

The company is a wholly owned subsidiary of GMS investments Limited, a company registered in Scotland. The registered office address and principal place of business is 6 Youngs Road, East Mains Industrial Estate, Broxburn, West Lothian, EH52 5LY.
Consolidated group accounts for GMS Investments Limited are available from Companies House.

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GORDON BOW ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 22 December 2025 by Greg Stapley (Senior statutory auditor) on behalf of Sumer Auditco Limited.

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