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Registered number: SC528565
Willowbrae Coachworks Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
NC Andrew Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC528565
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,006,743 1,006,743
1,006,743 1,006,743
CURRENT ASSETS
Debtors 5 619,425 619,425
Cash at bank and in hand 140,392 139,311
759,817 758,736
Creditors: Amounts Falling Due Within One Year 6 (425,732 ) (425,732 )
NET CURRENT ASSETS (LIABILITIES) 334,085 333,004
TOTAL ASSETS LESS CURRENT LIABILITIES 1,340,828 1,339,747
NET ASSETS 1,340,828 1,339,747
CAPITAL AND RESERVES
Called up share capital 7 (1 ) (1 )
Profit and Loss Account 1,340,829 1,339,748
SHAREHOLDERS' FUNDS 1,340,828 1,339,747
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Martin McFadden
Director
29/12/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Willowbrae Coachworks Limited is a private company, limited by shares, incorporated in Scotland, registered number SC528565 . The registered office is 9a Bankhead Medway, Edinburgh, EH11 4BY.
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. 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:
Freehold 10%
Leasehold 10%
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 33%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: )
6 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 379,439 159,796 278,903 184,000
As at 31 March 2025 379,439 159,796 278,903 184,000
Net Book Value
As at 31 March 2025 379,439 159,796 278,903 184,000
As at 1 April 2024 379,439 159,796 278,903 184,000
Page 2
Page 3
Computer Equipment Total
£ £
Cost
As at 1 April 2024 4,605 1,006,743
As at 31 March 2025 4,605 1,006,743
Net Book Value
As at 31 March 2025 4,605 1,006,743
As at 1 April 2024 4,605 1,006,743
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 615,225 615,225
Other debtors 4,200 4,200
619,425 619,425
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 118,658 118,658
Other creditors 288,971 288,971
Taxation and social security 18,103 18,103
425,732 425,732
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid (1 ) (1 )
Page 3