REGISTERED NUMBER: SC278962 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Algo Business Centre Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

295,049

277,550

Investments

5

860,008

859,027

1,155,057

1,136,577

CURRENT ASSETS

Debtors

6

825,126

822,717

Cash at bank and in hand

13,058

5,564

838,184

828,281

CREDITORS

Amounts falling due within one year

7

(123,828

)

(189,808

)

NET CURRENT ASSETS

714,356

638,473

TOTAL ASSETS LESS CURRENT LIABILITIES

1,869,413

1,775,050

CREDITORS

Amounts falling due after more than one year

8

(103,894

)

(33,753

)

PROVISIONS FOR LIABILITIES

(20,907

)

(13,578

)

NET ASSETS

1,744,612

1,727,719

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,744,611

1,727,718

SHAREHOLDERS' FUNDS

1,744,612

1,727,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 2 December 2025 and were signed by:

Mr C M Alexander - Director

1.	STATUTORY INFORMATION

Algo Business Centre Limited is a private company, limited by shares, domiciled in Scotland, registration number SC278962. The registered office is Mains of Mause, Blairgowrie, PH10 6TE.

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 net invoiced sales of services, excluding value added tax. Sales are recognised at the point at which 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Sheds

-

4% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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

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.

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 and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. 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 the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Sheds

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

185,000

188,840

-

373,840

Additions

-

24,902

36,340

61,242

At 30 June 2025

185,000

213,742

36,340

435,082

DEPRECIATION

At 1 July 2024

58,134

38,156

-

96,290

Charge for year

4,573

34,092

5,078

43,743

At 30 June 2025

62,707

72,248

5,078

140,033

NET BOOK VALUE

At 30 June 2025

122,293

141,494

31,262

295,049

At 30 June 2024

126,866

150,684

-

277,550

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

36,340

At 30 June 2025

36,340

DEPRECIATION

Charge for year

5,078

At 30 June 2025

5,078

NET BOOK VALUE

At 30 June 2025

31,262

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.6.25

30.6.24

£

£

Investment in partnerships

860,008

859,027

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

15,004

30,534

Amounts owed by related parties

310,200

318,020

Other debtors

499,922

474,163

825,126

822,717

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

4,862

-

Trade creditors

32,699

121,037

Amounts owed to related parties

36,720

33,655

Taxation and social security

31,506

23,824

Other creditors

18,041

11,292

123,828

189,808

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

28,102

-

Other creditors

75,792

33,753

103,894

33,753

30.6.25

30.6.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

25,795

14,232

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

32,964

-

Bank of Scotland plc holds bond and floating charge over the whole assets of the company.

Amounts due on hire purchase are secured over the individual assets concerned.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

Mr C M Alexander

Balance outstanding at start of year

348,975

270,693

Amounts advanced

24,506

78,282

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

373,481

348,975

11.	RELATED PARTY DISCLOSURES

Transactions and balances with entities with common control are as follows:

Sales - £94,704 (2024: £98,649)

Purchases - £341,307 (2024: £367,337)

Amounts Owed by related parties - £310,200 (2024: £318,020)

Amounts Due to related parties- £36,720 (2024: £33,655)

Recognised bad or doubtful debts due from related parties £Nil (2024: £36,553)