REGISTERED NUMBER: SC306003 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025

FOR

DEESIDE LIFTING & INSPECTION LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D Petrie

M Petrie

REGISTERED OFFICE:

42 Northern Road

Kintore

Inverurie

Aberdeenshire

AB51 0TQ

REGISTERED NUMBER:

SC306003 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

Goldwells House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

FIXED ASSETS

Tangible assets

4

231,575

211,880

CURRENT ASSETS

Debtors

5

18,124

17,230

Investments

6

710,497

710,497

Cash at bank

192,930

215,270

921,551

942,997

CREDITORS

Amounts falling due within one year

7

79,521

88,869

NET CURRENT ASSETS

842,030

854,128

TOTAL ASSETS LESS CURRENT LIABILITIES

1,073,605

1,066,008

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,073,601

1,066,004

SHAREHOLDERS' FUNDS

1,073,605

1,066,008

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 2nd April 2026 and were signed on its behalf by:

D Petrie - Director

1.	STATUTORY INFORMATION

Deeside Lifting & Inspection 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.

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.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st August 2024

162,433

179,217

341,650

Additions

-

45,856

45,856

Disposals

-

(25,790

)

(25,790

)

At 31st July 2025

162,433

199,283

361,716

DEPRECIATION

At 1st August 2024

-

129,770

129,770

Charge for year

-

22,719

22,719

Eliminated on disposal

-

(22,348

)

(22,348

)

At 31st July 2025

-

130,141

130,141

NET BOOK VALUE

At 31st July 2025

162,433

69,142

231,575

At 31st July 2024

162,433

49,447

211,880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,124

17,230

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Inter company loan

710,497

710,497

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

60,691

56,243

VAT

11,519

17,797

Other creditors

6,976

14,391

Directors' current accounts

335

438

79,521

88,869