REGISTERED NUMBER: SC419597 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stirling Trailer Centre Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

941,769

885,494

CURRENT ASSETS

Stocks

1,476,172

2,138,876

Debtors

5

103,438

79,875

Cash at bank

250

250

1,579,860

2,219,001

CREDITORS

Amounts falling due within one year

6

(2,058,756

)

(2,203,559

)

NET CURRENT (LIABILITIES)/ASSETS

(478,896

)

15,442

TOTAL ASSETS LESS CURRENT LIABILITIES

462,873

900,936

CREDITORS

Amounts falling due after more than one year

7

(256,020

)

(335,001

)

PROVISIONS FOR LIABILITIES

-

(69,302

)

NET ASSETS

206,853

496,633

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

206,753

496,533

206,853

496,633

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 31 July 2025 and were signed by:

Mr R A Gray - Director

1.	STATUTORY INFORMATION

Stirling Trailer Centre Limited is a private company, limited by shares, domiciled in Scotland, registration number SC419597. The registered office is Units 4 A-D, Bandeath Industrial Estate Throsk, Stirling, FK7 7NP.

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 represents sales of goods and services in respect of selling trailers. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

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

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition

Long Leasehold - 10% & 4% straight line

Plant & Machinery - 25% straight line

Fixtures and Fittings - 25% straight line

Motor Vehicles - 25% reducing balance

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

71,839

972,863

1,044,702

Additions

19,590

346,856

366,446

Disposals

-

(266,627

)

(266,627

)

At 31 March 2025

91,429

1,053,092

1,144,521

DEPRECIATION

At 1 April 2024

16,698

142,510

159,208

Charge for year

3,521

98,880

102,401

Eliminated on disposal

-

(58,857

)

(58,857

)

At 31 March 2025

20,219

182,533

202,752

NET BOOK VALUE

At 31 March 2025

71,210

870,559

941,769

At 31 March 2024

55,141

830,353

885,494

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

864,623

Additions

330,833

Disposals

(232,282

)

Transfer to ownership

(52,196

)

At 31 March 2025

910,978

DEPRECIATION

At 1 April 2024

77,423

Charge for year

81,189

Eliminated on disposal

(39,225

)

Transfer to ownership

(6,896

)

At 31 March 2025

112,491

NET BOOK VALUE

At 31 March 2025

798,487

At 31 March 2024

787,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

68,974

22,555

Amounts owed by related parties

209

14,705

Other debtors

34,255

42,615

103,438

79,875

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

341,842

508,418

Hire purchase contracts

286,912

290,696

Trade creditors

402,907

398,477

Amounts owed to related parties

545,643

-

Taxation and social security

156,865

100,487

Other creditors

324,587

905,481

2,058,756

2,203,559

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,667

119,392

Hire purchase contracts

254,353

215,609

256,020

335,001

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

541,265

506,305

Stocking facility

148,950

714,379

690,215

1,220,684

Other loans are secured by way of a floating charge over the assets of the company.

Hire purchase contracts are secured on the assets to which they relate. The amounts due under the stocking facility are secured upon the assets to which they relate.