Assembly Solutions PTE Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC462019 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ASSEMBLY SOLUTIONS PTE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Mitchell

F Mitchell

REGISTERED OFFICE:

Suite 49a, Grovewood Business Centre

Strathclyde Business Park

Bellshill

ML4 3NQ

REGISTERED NUMBER:

SC462019 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Tangible assets

4

19,337

24,171

CURRENT ASSETS

Stocks

5

295,400

355,400

Debtors

6

230,371

237,821

Cash at bank and in hand

29,070

29,719

554,841

622,940

CREDITORS

Amounts falling due within one year

7

549,406

639,593

NET CURRENT ASSETS/(LIABILITIES)

5,435

(16,653

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,772

7,518

CREDITORS

Amounts falling due after more than one
year

8

16,667

5,834

NET ASSETS

8,105

1,684

CAPITAL AND RESERVES

Called up share capital

1,000

Capital redemption reserve

48

Retained earnings

7,057

636

8,105

1,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 20 April 2026 and were signed on its behalf by:

T Mitchell - Director

1.	STATUTORY INFORMATION

Assembly Solutions PTE Limited 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 stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Workshop equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Trade debtors

Trade debtors are amounts due from customers for goods 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.

Trade Creditors

Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 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.

Cash

Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Workshop

Motor

equipment

vehicles

Totals

£

COST

At 1 November 2024

and 31 October 2025

78,252

20,005

98,257

DEPRECIATION

At 1 November 2024

60,438

13,648

74,086

Charge for year

3,563

1,271

4,834

At 31 October 2025

64,001

14,919

78,920

NET BOOK VALUE

At 31 October 2025

14,251

5,086

19,337

At 31 October 2024

17,814

6,357

24,171

5.

STOCKS

31.10.25

31.10.24

£

Stocks

250,000

310,000

Work-in-progress

45,400

295,400

355,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

199,825

214,728

Amounts owed by associates

7,453

-

Other debtors

23,093

230,371

237,821

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

5,834

10,000

Hire purchase contracts

-

8,689

Trade creditors

205,189

159,351

Taxation and social security

83,149

258,235

Other creditors

255,234

203,318

549,406

639,593

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

-

5,834

Other creditors

16,667

-

16,667

5,834

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Bibby Factor

162,744

179,503

Bibby Factors Scotland Limited have a floating charge over the assets of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

T Mitchell

Balance outstanding at start of year

3,412

27,532

Amounts advanced

25,000

15,000

Amounts repaid

(14,373

)

(39,120

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

14,039

3,412

F Mitchell

Balance outstanding at start of year

-

Amounts advanced

47,331

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

47,331

-

Loans to/from T Mitchell are interest free and repayable on demand.

Loans from F Mitchell are repayable at 6.59% per annum for a period of 60 months.

11.	RELATED PARTY DISCLOSURES

ITAS Northern Ltd (formerly known as Industrial Tooling Advisory Services Northern Ltd is related party by virtue of T Mitchell being a director in both companies. Included in other debtors is £7,453 owed from ITAS Northern Ltd (2024: £11,247 owed to ITAS Northern Ltd)