WEST LOTHIAN RETAIL LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC471868

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		20,000		20,000
Tangible Assets	5		80,319		89,288

			100,319		109,288
CURRENT ASSETS
Stocks	6	147,704		175,268
Debtors	7	2,964		5,387
Cash at bank and in hand		44,372		88,463

		195,040		269,118
Creditors: Amounts Falling Due Within One Year	9	(204,522 )		(228,620 )

NET CURRENT ASSETS (LIABILITIES)			(9,482 )		40,498

TOTAL ASSETS LESS CURRENT LIABILITIES			90,837		149,786

Creditors: Amounts Falling Due After More Than One Year	10		(97,298 )		(85,543 )

NET (LIABILITIES)/ASSETS			(6,461 )		64,243

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			(6,561 )		64,143

SHAREHOLDERS' FUNDS			(6,461)		64,243

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WEST LOTHIAN RETAIL LTD

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shokat Mohammed Director	Mr Shokat Mohammed Director	Mr Shokat Mohammed Director
13/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

WEST LOTHIAN RETAIL LTD is a private company, limited by shares, incorporated in Scotland, registered number SC471868 . The registered office is 33 North Bridge Street, Bathgate, West Lothian, EH48 4PJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% reducing balance
Fixtures & Fittings	10% reducing balance
Computer Equipment	10% reducing balance

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WEST LOTHIAN RETAIL LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 13)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	20,000

As at 31 March 2025	20,000

Net Book Value
As at 31 March 2025	20,000

As at 1 April 2024	20,000

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	43,845	94,221	1,315	139,381
Additions	-	333	3,158	3,491

As at 31 March 2025	43,845	94,554	4,473	142,872

Depreciation
As at 1 April 2024	11,692	38,151	250	50,093
Provided during the period	6,431	5,607	422	12,460

As at 31 March 2025	18,123	43,758	672	62,553

...CONTINUED

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WEST LOTHIAN RETAIL LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	25,722	50,796	3,801	80,319

As at 1 April 2024	32,153	56,070	1,065	89,288

6. Stocks

	2025	2024
	£	£
Stock	147,704	175,268

7. Debtors

	2025	2024
	£	£
Due after more than one year
HP Suspence	1,960	3,197
HP Suspense Fridge	1,004	2,190

	2,964	5,387

8. Current Asset Investments

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	20,235	29,215
Corporation tax	69,865	50,219
PAYE	844	7,827
VAT	3,447	22,434
Amex Credit Card	63,373	57,324
Capital OT Credit Card	43,284	46,835
Nest	31	27
Accrued expenses	3,443	14,739

	204,522	228,620

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,239	30,259
Private Loan	31,117	31,117
Bounce Back Loan	13,333	24,167
Funding Circle Loan	36,609	-

	97,298	85,543

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WEST LOTHIAN RETAIL LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	12,863	20,987
Later than five years	3,376	9,272

	16,239	30,259

	16,239	30,259

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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