ROSTRUM SPORTSWEAR LIMITED


Directors	EDWARDS, William
	HYSLOP, Pauline Anne


Company Secretary	HYSLOP, Pauline Anne


Registered Address	Old Dairy
	Princes Street
	Lochmaben
	DG11 1PQ


Registered Number	SC100208 (Scotland)

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page. The principal activity of the company is the manufacture and sale of promotional sportswear.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Rental income is recognised in the period to which it relates.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	-	10
Fixtures and fittings	-	10
Vehicles	25	-

	Investment property
	Investment property is carries at a fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of specific assets. No depreciation is provided. Changes in fair value are recognised in profit or loss.

	Finance leases and hire purchase contracts
	Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

	Government grants or assistance
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Government grants or assistance

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. 

Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		12

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 September 24	335,459	190,739	112,182	24,349	662,729
Additions	-	21,600	27,385	515	49,500
Disposals	-	(250)	-	-	(250)
At 31 August 25	335,459	212,089	139,567	24,864	711,979
Depreciation and impairment
At 01 September 24	133,327	166,102	52,883	15,075	367,387
Charge for year	6,705	8,199	19,012	1,460	35,376
On disposals	-	(136)	-	-	(136)
At 31 August 25	140,032	174,165	71,895	16,535	402,627
Net book value
At 31 August 25	195,427	37,924	67,672	8,329	309,352
At 31 August 24	202,132	24,637	59,299	9,274	295,342

4.	Investment property
	The 2025 valuations were made by the director, on an open market value for existing use basis.


		£
	Fair value at 01 September 24	105,221
	At 31 August 25	105,221

5.	Stocks

	2025	2024
	£	£
Finished goods	3,000	2,750
Total	3,000	2,750

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	109,977	105,760
Other debtors	64,976	1,895
Prepayments and accrued income	8,500	850
Total	183,453	108,505

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	60,976	66,647
Bank borrowings and overdrafts	5,952	5,952
Taxation and social security	38,689	16,018
Other creditors	897	471
Accrued liabilities and deferred income	5,143	5,395
Total	111,657	94,483

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	21,726	27,679
Total	21,726	27,679

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	28,400	23,300
Total	28,400	23,300

10.	Pension commitments
	The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charged in the Statement of Income and Retained Earnings represents contributions payable to the fund by the company for the period. There was an accrued contribution at the balance sheet date of £897 (2024 - £470).

10.

Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charged in the Statement of Income and Retained Earnings represents contributions payable to the fund by the company for the period.
There was an accrued contribution at the balance sheet date of £897 (2024 - £470).

11.	Other commitments
	At 31 August 2025 the company had future minimum lease payments under non-cancellable operating leases of £10,862 (2024: £10,862)

12.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
EDWARDS, William	16,708	44,528	42,500	18,736
HYSLOP, Pauline Anne	0	103,054	56,814	46,240
	16,708	147,582	99,314	64,976


	The maximum outstanding during the period was £50,185. These loans are unsecured and repayable on demand. Interest has been applied to these loans at HM Revenue and Customs official interest rate.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		309,352		295,342
Investment property	4		105,221		105,221
			414,573		400,563
Current assets
Stocks	5	3,000		2,750
Debtors	6	183,453		108,505
Cash at bank and on hand		115,198		206,700
		301,651		317,955
Creditors amounts falling due within one year	7	(111,657)		(94,483)
Net current assets (liabilities)			189,994		223,472
Total assets less current liabilities			604,567		624,035
Creditors amounts falling due after one year	8		(21,726)		(27,679)
Provisions for liabilities	9		(28,400)		(23,300)
Accruals and deferred income			(15,360)		(16,000)
Net assets			539,081		557,056
Capital and reserves
Called up share capital			100		100
Profit and loss account			538,981		556,956
Shareholders' funds			539,081		557,056