Westons Recovery (Abington) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC099933

Westons Recovery (Abington) Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Westons Recovery (Abington) Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Westons Recovery (Abington) Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		453,239	426,588

Current assets

Stocks		18,267	14,201
Debtors	6	194,537	185,552
Cash at bank and in hand		217,319	366,465
		---------	---------
		430,123	566,218

Creditors: amounts falling due within one year	7	87,543		105,426
		---------		---------
Net current assets			342,580	460,792
			---------	---------
Total assets less current liabilities			795,819	887,380

Provisions	113,309	81,052
	---------	---------
Net assets	682,510	806,328
	---------	---------

Westons Recovery (Abington) Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	10,206	10,206
Other reserves	21,912	21,912
Profit and loss account	650,392	774,210
	---------	---------
Shareholders funds	682,510	806,328
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mr W C Weston

Director

Company registration number: SC099933

Westons Recovery (Abington) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Hurlieburn Lodge, Hurlieburn Hill, Crawford, ML12 6TW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% reducing balance
Plant & machinery	-	10 - 15 % reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 8 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	258,880	192,851	1,635,116	2,086,847
Additions	–	39,730	107,613	147,343
Disposals	( 62,135)	( 29,810)	( 139,594)	( 231,539)
	---------	---------	------------	------------
At 31 March 2025	196,745	202,771	1,603,135	2,002,651
	---------	---------	------------	------------
Depreciation
At 1 April 2024	66,760	142,253	1,451,246	1,660,259
Charge for the year	3,224	6,447	56,475	66,146
Disposals	( 17,948)	( 22,319)	( 136,726)	( 176,993)
	---------	---------	------------	------------
At 31 March 2025	52,036	126,381	1,370,995	1,549,412
	---------	---------	------------	------------
Carrying amount
At 31 March 2025	144,709	76,390	232,140	453,239
	---------	---------	------------	------------
At 31 March 2024	192,120	50,598	183,870	426,588
	---------	---------	------------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	138,417	131,442
Other debtors	56,120	54,110
	---------	---------
	194,537	185,552
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	707	719
Trade creditors	35,135	38,710
Corporation tax	–	19,865
Social security and other taxes	47,059	41,073
Other creditors	4,642	5,059
	--------	---------
	87,543	105,426
	--------	---------

8. Employee benefits

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The amount of unpaid contributions at the balance sheet date amounted to £992 (2024 - £1,239) and are included in other creditors.

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr W C Weston	5,394	–	( 500)	4,894
Mrs B Weston	7,488	–	( 500)	6,988
Mrs V B Brownlie	2	–	( 500)	( 498)
Mrs S M I Barclay	( 998)	–	( 500)	( 1,498)
Mr W G Weston	( 369)	–	( 500)	( 869)
	--------	----	-------	-------
	11,517	–	( 2,500)	9,017
	--------	----	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr W C Weston	4,939	1,456	( 1,000)	5,395
Mrs B Weston	7,097	1,391	( 1,000)	7,488
Mrs V B Brownlie	2	1,000	( 1,000)	2
Mrs S M I Barclay	2	–	( 1,000)	( 998)
Mr W G Weston	631	–	( 1,000)	( 369)
	--------	-------	-------	--------
	12,671	3,847	( 5,000)	11,518
	--------	-------	-------	--------

No interest is chargeable on this balance and the loan is repayable on demand.

10. Related party transactions

During the year, dividends of £5,000 (2024 - £5,000) were paid to the directors of the company.