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COMPANY REGISTRATION NUMBER: SC034278

Campbell Miller (Tools) Limited

Filleted Unaudited Financial Statements

31 December 2025

Campbell Miller (Tools) Limited

Financial Statements

Year ended 31 December 2025

Contents | Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

Campbell Miller (Tools) Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Campbell Miller (Tools) Limited

Year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Campbell Miller (Tools) Limited for the year ended 31 December 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Campbell Miller (Tools) Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Campbell Miller (Tools) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Campbell Miller (Tools) Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Campbell Miller (Tools) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Campbell Miller (Tools) Limited. You consider that Campbell Miller (Tools) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Campbell Miller (Tools) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
18 March 2026

Campbell Miller (Tools) Limited

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 839 | 5,985
Tangible assets | 6 | 14,749 | 18,943
| -------- | --------
| 15,588 | 24,928

Current assets

Stocks | 654,194 | 707,125
Debtors | 7 | 273,218 | 326,041
Cash at bank and in hand | 873 | 665
| --------- | ------------
| 928,285 | 1,033,831

Creditors: amounts falling due within one year | 8 | 604,018 | 734,581
| --------- | ------------
Net current assets | 324,267 | 299,250
| --------- | ---------
Total assets less current liabilities | 339,855 | 324,178

Creditors: amounts falling due after more than one year | 9 | 184,212 | 220,804

Provisions

Taxation including deferred tax | 3,897 | 5,258
| --------- | ---------
Net assets | 151,746 | 98,116
| --------- | ---------

Capital and reserves

Called up share capital | 31,444 | 31,444
Profit and loss account | 120,302 | 66,672
| --------- | --------
Shareholders funds | 151,746 | 98,116
| --------- | --------

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 December 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 .

Campbell Miller (Tools) Limited

Statement of Financial Position (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 18 March 2026 , and are signed on behalf of the board by:

Mrs N Neill | Mr R Cohn
Director | Director

Company registration number: SC034278

Campbell Miller (Tools) Limited

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 20 Jordanvale Avenue,, Clydeside Industrial Estate, G14 0QU, Scotland.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
Income tax
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Computer software | - | 25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Long leasehold property | - | 10% straight line
| Plant and machinery | - | 25% reducing balance
| Fixtures and fittings | - | 25% reducing balance
| Motor vehicles | - | 17% straight line

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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
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 plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).
5. Intangible assets

| Computer software
| £
Cost |
At 1 January 2025 and 31 December 2025 | 20,581
| --------
Amortisation |
At 1 January 2025 | 14,596
Charge for the year | 5,146
| --------
At 31 December 2025 | 19,742
| --------
Carrying amount |
At 31 December 2025 | 839
| --------
At 31 December 2024 | 5,985
| --------

6. Tangible assets

| Land and buildings | Plant and machinery | Fixtures and fittings | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 January 2025 | 14,998 | 120,040 | 19,947 | 154,985
Additions | – | 415 | – | 415
| -------- | --------- | -------- | ---------
At 31 December 2025 | 14,998 | 120,455 | 19,947 | 155,400
| -------- | --------- | -------- | ---------
Depreciation |  |  |  |
At 1 January 2025 | 13,622 | 103,241 | 19,179 | 136,042
Charge for the year | 139 | 4,278 | 192 | 4,609
| -------- | --------- | -------- | ---------
At 31 December 2025 | 13,761 | 107,519 | 19,371 | 140,651
| -------- | --------- | -------- | ---------
Carrying amount |  |  |  |
At 31 December 2025 | 1,237 | 12,936 | 576 | 14,749
| -------- | --------- | -------- | ---------
At 31 December 2024 | 1,376 | 16,799 | 768 | 18,943
| -------- | --------- | -------- | ---------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 146,500 | 172,728
Other debtors | 126,718 | 153,313
| --------- | ---------
| 273,218 | 326,041
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 48,493 | 94,748
Trade creditors | 327,849 | 436,654
Accruals and deferred income | 21,674 | 20,796
Corporation tax | 16,952 | 5,789
Social security and other taxes | 22,858 | 2,746
Other creditors | 166,192 | 173,848
| --------- | ---------
| 604,018 | 734,581
| --------- | ---------

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 5,643
Other creditors | 184,212 | 215,161
| --------- | ---------
| 184,212 | 220,804
| --------- | ---------

10. Securities
Amounts due as part of a debtor financing arrangement are secured by means of a bond and floating charge over the assets of the company. Amounts due to a small self administered pension scheme are secured by a bond and floating charge over the assets of the company.
Amounts due to small self administered pension scheme were due as follows; Amounts falling due within one year- £46,119 (2024 - £46,119); Amounts due within 1-2 years- £49,002 (2024 - £49,002); Amounts due within 2-5 years- £135,211 (2024 - £166,159).
11. Directors' advances, credits and guarantees
At the balance sheet date, the directors owed the company £7,304 (2024 - the directors owed the company £71,847). Interest has been charged on these loans where applicable at the official rate of interest amounting to a charge of £3,395 in the current year. £83,114 was drawn by the directors in the year and £151,052 repaid. These loans are unsecured and have no fixed date of repayment.
12. Controlling party
The company was under the control of Mr R Cohn and Mrs N Neill during the current period.