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Registration number: SC044824

Kestral Controls Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Kestral Controls Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10
Accountants' Report | 11

Kestral Controls Limited

Company Information

Directors | Mr John Douglas Fullerton Mrs Deborah Perrie Fullerton Scobbie

Company secretary | Mrs Deborah Perrie Fullerton Scobbie

Registered office | Burnside Industrial Estate Kilsyth Glasgow G65 9JX

Accountants | EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Kestral Controls Limited

(Registration number: SC044824)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 142,408 | 158,186
Investment property | 5 | 245,773 | 245,773
|  | 388,181 | 403,959
Current assets |  |  |
Stocks | 6 | 37,200 | 65,100
Debtors | 7 | 483,499 | 390,977
Cash at bank and in hand |  | 231,997 | 142,478
|  | 752,696 | 598,555
Creditors: Amounts falling due within one year | 10 | (576,715) | (397,381)
Net current assets |  | 175,981 | 201,174
Total assets less current liabilities |  | 564,162 | 605,133
Creditors: Amounts falling due after more than one year | 10 | - | (19,418)
Provisions for liabilities |  | (13,660) | (14,516)
Net assets |  | 550,502 | 571,199
Capital and reserves |  |  |
Called up share capital |  | 9,402 | 9,402
Share premium reserve |  | 1,956 | 1,956
Capital redemption reserve |  | 598 | 598
Retained earnings |  | 538,546 | 559,243
Shareholders' funds |  | 550,502 | 571,199

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 March 2026 and signed on its behalf by:

Kestral Controls Limited

(Registration number: SC044824)
Balance Sheet as at 31 July 2025

......................................... Mrs Deborah Perrie Fullerton Scobbie Company secretary and director

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | Reducing balance at 15%
Fixtures and fittings | Reducing balance at 15%
Motor vehicles | Reducing balance at 25%
Computer equipment | Straight line at 33%
Long leasehold | Straight line over the lease term

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 17).

4 | Tangible assets

| Long leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £
Cost or valuation
At 1 August 2024 | 104,082 | 34,224 | 117,675 | 47,235
Additions | - | - | - | 1,964
Disposals | - | (25,137) | (34,993) | (40,613)
At 31 July 2025 | 104,082 | 9,087 | 82,682 | 8,586
Depreciation
At 1 August 2024 | 30,187 | 32,320 | 94,382 | 44,170
Charge for the year | 1,573 | 196 | 3,269 | 2,207
Eliminated on disposal | - | (24,568) | (33,607) | (40,613)
At 31 July 2025 | 31,760 | 7,948 | 64,044 | 5,764
Carrying amount
At 31 July 2025 | 72,322 | 1,139 | 18,638 | 2,822
At 31 July 2024 | 73,895 | 1,904 | 23,293 | 3,065

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

| Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 161,313 | 464,529
Additions | 10,800 | 12,764
Disposals | (23,300) | (124,043)
At 31 July 2025 | 148,813 | 353,250
Depreciation
At 1 August 2024 | 105,284 | 306,343
Charge for the year | 13,813 | 21,058
Eliminated on disposal | (17,771) | (116,559)
At 31 July 2025 | 101,326 | 210,842
Carrying amount
At 31 July 2025 | 47,487 | 142,408
At 31 July 2024 | 56,029 | 158,186

Included within the net book value of land and buildings above is £72,322 (2024 - £73,894) in respect of long leasehold land and buildings.

5 | Investment properties

| 2025 £
At 1 August | 245,773
At 31 July | 245,773

There has been no valuation of investment property by an independent valuer.

6 | Stocks

| 2025 £ | 2024 £
Work in progress | - | 30,000
Other inventories | 37,200 | 35,100
| 37,200 | 65,100

7 | Debtors

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Current | 2025 £ | 2024 £
Trade debtors | 452,116 | 357,879
Prepayments | 7,291 | 3,446
Other debtors | 24,092 | 29,652
| 483,499 | 390,977

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | - | 19,418

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 19,418 | 6,501

9 | Related party transactions

Transactions with directors

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

| 2025 £ | 2024 £
Mr W Hagan | - | 40
Mrs D P Fullerton-Scobbie | 8 | 1,196
Mr J D Fullerton | 9,321 | 3,707
| 9,329 | 4,943

The maximum balance outstanding during the year amounted to £9,329.
The directors' current accounts are repayable on demand.
Included within other debtors are balances owed by John Syme & Co Ltd, Kestral Ex Ltd and Kestral Renewable Energies Ltd. These companies are under the common ownership of Deborah Perrie Fullerton-Scobbie and John Douglas Fullerton. The balances owed totalled £7,749 (2024: £12,749), £NIL (2024: £nil) and £2,357 (2024: £2,357), respectively.

10 | Creditors

Creditors: amounts falling due within one year

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 19,418 | 6,501
Trade creditors |  | 304,955 | 219,430
Taxation and social security |  | 124,972 | 95,987
Other creditors |  | 127,370 | 75,463
|  | 576,715 | 397,381

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | - | 19,418

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kestral Controls Limited
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kestral Controls Limited for the year ended 31 July 2025 as set out on pages 2 to 10 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 http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Kestral Controls Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kestral Controls Limited and state those matters that we have agreed to state to the Board of Directors of Kestral Controls Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kestral Controls Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kestral Controls Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kestral Controls Limited. You consider that Kestral Controls 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 accounts of Kestral Controls 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 accounts.

......................................
EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

16 March 2026