REGISTERED NUMBER: SC176289 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

G & A Wilson Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Wilson

Mrs A Wilson

REGISTERED OFFICE:

25 Eaglesham Road

Clarkston

GLASGOW

G76 7DH

REGISTERED NUMBER:

SC176289 (Scotland)

ACCOUNTANTS:

Key Professional Partnership Ltd

Unit 3

Morris Park

37 Rosyth Road

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

379,202

403,395

CURRENT ASSETS

Stocks

68,244

90,561

Debtors

5

5,661

3,500

Cash at bank and in hand

21,847

20,544

95,752

114,605

CREDITORS

Amounts falling due within one year

6

82,333

102,446

NET CURRENT ASSETS

13,419

12,159

TOTAL ASSETS LESS CURRENT LIABILITIES

392,621

415,554

CREDITORS

Amounts falling due after more than one year

7

(28,155

)

(37,083

)

PROVISIONS FOR LIABILITIES

(6,284

)

-

NET ASSETS

358,182

378,471

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

358,180

378,469

SHAREHOLDERS' FUNDS

358,182

378,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

G Wilson - Director

Mrs A Wilson - Director

1.	STATUTORY INFORMATION

G & A Wilson Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments 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 non-putative ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable end payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective Interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term Instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount end the present value of estimated cash flows discounted at the asset's original erective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate or the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

355,878

111,655

37,593

13,624

518,750

Additions

-

11,950

-

416

12,366

Disposals

-

(25,998

)

-

-

(25,998

)

At 31 August 2025

355,878

97,607

37,593

14,040

505,118

DEPRECIATION

At 1 September 2024

-

75,049

31,416

8,890

115,355

Charge for year

7,118

4,345

1,370

1,628

14,461

Eliminated on disposal

-

(3,900

)

-

-

(3,900

)

At 31 August 2025

7,118

75,494

32,786

10,518

125,916

NET BOOK VALUE

At 31 August 2025

348,760

22,113

4,807

3,522

379,202

At 31 August 2024

355,878

36,606

6,177

4,734

403,395

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

Plant and

machinery

£

COST

At 1 September 2024

30,699

Additions

11,950

Disposals

(25,998

)

Reclassification/transfer

(4,701

)

At 31 August 2025

11,950

DEPRECIATION

At 1 September 2024

11,150

Charge for year

1,793

Eliminated on disposal

(3,900

)

Reclassification/transfer

(7,250

)

At 31 August 2025

1,793

NET BOOK VALUE

At 31 August 2025

10,157

At 31 August 2024

19,549

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,661

3,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,040

13,250

Hire purchase contracts (see note 8)

1,752

5,000

Trade creditors

48,228

59,841

Taxation and social security

22,761

17,991

Other creditors

3,552

6,364

82,333

102,446

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

24,951

-

Hire purchase contracts (see note 8)

3,204

8,750

Other creditors

-

28,333

28,155

37,083

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

1,752

5,000

Between one and five years

3,204

8,750

4,956

13,750

Non-cancellable

operating leases

2025

2024

£

£

Within one year

5,350

5,350

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

30,991

13,250

The bank loan is secured by way of a standard security over the heritable property and Bond and Floating Charge.