Silverfin false false 30/09/2025 01/10/2024 30/09/2025 Karen Jappy 09/05/2016 Karen Michelle Jappy 09/05/2016 Andrew O'Hare 09/05/2016 Andrew Charles O'Hare 09/05/2016 Michael Charles O'Hare 21/01/2026 09/05/2016 31 March 2026 The principal activity of the Company during the financial year was the sale of motor parts and repairs. SC534837 2025-09-30 SC534837 bus:Director1 2025-09-30 SC534837 bus:Director2 2025-09-30 SC534837 bus:Director3 2025-09-30 SC534837 bus:Director4 2025-09-30 SC534837 bus:Director5 2025-09-30 SC534837 2024-09-30 SC534837 core:CurrentFinancialInstruments 2025-09-30 SC534837 core:CurrentFinancialInstruments 2024-09-30 SC534837 core:ShareCapital 2025-09-30 SC534837 core:ShareCapital 2024-09-30 SC534837 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC534837 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC534837 core:LandBuildings 2024-09-30 SC534837 core:OtherPropertyPlantEquipment 2024-09-30 SC534837 core:LandBuildings 2025-09-30 SC534837 core:OtherPropertyPlantEquipment 2025-09-30 SC534837 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-09-30 SC534837 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-09-30 SC534837 bus:OrdinaryShareClass1 2025-09-30 SC534837 bus:OrdinaryShareClass2 2025-09-30 SC534837 bus:OrdinaryShareClass3 2025-09-30 SC534837 2024-10-01 2025-09-30 SC534837 bus:FilletedAccounts 2024-10-01 2025-09-30 SC534837 bus:SmallEntities 2024-10-01 2025-09-30 SC534837 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC534837 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC534837 bus:Director1 2024-10-01 2025-09-30 SC534837 bus:Director2 2024-10-01 2025-09-30 SC534837 bus:Director3 2024-10-01 2025-09-30 SC534837 bus:Director4 2024-10-01 2025-09-30 SC534837 bus:Director5 2024-10-01 2025-09-30 SC534837 core:LandBuildings core:TopRangeValue 2024-10-01 2025-09-30 SC534837 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 SC534837 2023-10-01 2024-09-30 SC534837 core:LandBuildings 2024-10-01 2025-09-30 SC534837 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 SC534837 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC534837 bus:OrdinaryShareClass2 2024-10-01 2025-09-30 SC534837 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 SC534837 bus:OrdinaryShareClass3 2024-10-01 2025-09-30 SC534837 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC534837 (Scotland)

# ASHGROVE MOTOR BODY COMPANY (INVERNESS) LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

ASHGROVE MOTOR BODY COMPANY (INVERNESS) LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

Contents

ASHGROVE MOTOR BODY COMPANY (INVERNESS) LIMITED

## BALANCE SHEET

AS AT 30 SEPTEMBER 2025
ASHGROVE MOTOR BODY COMPANY (INVERNESS) LIMITED

## BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 868,490 |  | 898,074
|  | 868,490 |  | 898,074
Current assets |  |  |  |
Stocks | 4 | 193,740 |  | 132,334
Debtors | 5 | 716,285 |  | 514,132
Cash at bank and in hand |  | 1,572,953 |  | 1,642,252
|  | 2,482,978 |  | 2,288,718
Creditors: amounts falling due within one year | 6 | ( 491,249) |  | ( 677,575)
Net current assets |  | 1,991,729 |  | 1,611,143
Total assets less current liabilities |  | 2,860,219 |  | 2,509,217
Provision for liabilities | 7 | ( 22,811) |  | ( 17,672)
Net assets |  | 2,837,408 |  | 2,491,545
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | 2,837,308 |  | 2,491,445
Total shareholders' funds |  | 2,837,408 |  | 2,491,545

For the financial year ending 30 September 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ashgrove Motor Body Company (Inverness) Limited (registered number: SC534837) were approved and authorised for issue by the Board of Directors on 31 March 2026. They were signed on its behalf by:

Karen Jappy Director |

ASHGROVE MOTOR BODY COMPANY (INVERNESS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
ASHGROVE MOTOR BODY COMPANY (INVERNESS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Ashgrove Motor Body Company (Inverness) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael Bishop's Court, 29 Albyn Place, Aberdeen, AB10 1YL, Scotland, United Kingdom. The principal place of business is Burnett Road, Inverness, IV1 1TF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts receivable for the sale of motor parts and repairs net of trade discounts and VAT.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery etc. | 15 - 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 22 |  | 25

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 October 2024 | 973,416 |  | 256,587 |  | 1,230,003
Additions | 0 |  | 4,281 |  | 4,281
At 30 September 2025 | 973,416 |  | 260,868 |  | 1,234,284
Accumulated depreciation |  |  |  |  |
At 01 October 2024 | 151,866 |  | 180,063 |  | 331,929
Charge for the financial year | 19,468 |  | 14,397 |  | 33,865
At 30 September 2025 | 171,334 |  | 194,460 |  | 365,794
Net book value |  |  |  |  |
At 30 September 2025 | 802,082 |  | 66,408 |  | 868,490
At 30 September 2024 | 821,550 |  | 76,524 |  | 898,074

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 21,424 |  | 20,800
Work in progress | 172,316 |  | 111,534
| 193,740 |  | 132,334

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 444,531 |  | 344,372
Amounts owed by related parties | 222,313 |  | 138,677
Other debtors | 49,441 |  | 31,083
| 716,285 |  | 514,132

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 389,471 |  | 368,199
Amounts owed to related parties | 9,372 |  | 33,546
Taxation and social security | 79,589 |  | 254,389
Other creditors | 12,817 |  | 21,441
| 491,249 |  | 677,575

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 22,811 |  | 17,672

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
49 Ordinary shares of £ 1.00 each | 49 |  | 49
31 B ordinary shares of £ 1.00 each | 31 |  | 31
20 C ordinary shares of £ 1.00 each | 20 |  | 20
| 100 |  | 100

#### 9. Financial commitments

Commitments

Capital commitments are as follows:

| 2025 |  | 2024
| £ |  | £
Contracted for but not provided for: |  |  |
Other | 460 |  | 575

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 460 |  | 575

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to Key Management Personnel | (150) |  | 0

This balance is interest free and has no fixed terms of repayment.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed by other related parties | 223,066 |  | 150,677
Amounts owed to other related parties | (42,640) |  | (54,228)

These balances are interest free and have no fixed terms of repayment.