Company registration number SC241058 (Scotland)
FIRST SCOTTISH DOCUMENT MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
FIRST SCOTTISH DOCUMENT MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
FIRST SCOTTISH DOCUMENT MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
29,804
53,715
Current assets
Debtors
4
892,701
914,851
Cash at bank and in hand
201,416
266,367
1,094,117
1,181,218
Creditors: amounts falling due within one year
5
(199,193)
(344,596)
Net current assets
894,924
836,622
Total assets less current liabilities
924,728
890,337
Provisions for liabilities
(11,524)
(11,677)
Net assets
913,204
878,660
Capital and reserves
Called up share capital
7
10,800
10,800
Share premium account
22,300
22,300
Profit and loss reserves
880,104
845,560
Total equity
913,204
878,660

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 47 9A of the Companies Act 2006 relating to subsidiary companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 April 2026 and are signed on its behalf by:
Ms S Burton
Director
Company registration number SC241058 (Scotland)
FIRST SCOTTISH DOCUMENT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

First Scottish Document Management Limited is a private company limited by shares incorporated in Scotland. The registered office is St. Davids House, St. David's Drive, Dalgety Bay, Fife, KY11 9NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, based on the current financial position of the company, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has a good level of reserves and the support of the group, which they consider to be more than adequate. Accordingly t he directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the date of approval of the financial statements.

1.3
Turnover
Turnover represents amounts receivable for scanning and storage provided and is stated net of VAT.

Revenue for the provision of scanning and storage services is recognised as and when the services are provided.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10 years straight line
Scanners
4 years straight line
Motor vehicles
5 years straight line

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.

FIRST SCOTTISH DOCUMENT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

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

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

FIRST SCOTTISH DOCUMENT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

FIRST SCOTTISH DOCUMENT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 12 (2024 - 12).

2025
2024
Number
Number
Total
12
12
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025 and 31 December 2025
203,781
196,576
400,357
Depreciation and impairment
At 1 January 2025
203,781
142,861
346,642
Depreciation charged in the year
-
0
23,911
23,911
At 31 December 2025
203,781
166,772
370,553
Carrying amount
At 31 December 2025
-
0
29,804
29,804
At 31 December 2024
-
0
53,715
53,715
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
72,955
95,105
Corporation tax recoverable
713
713
Amounts owed by group undertakings
819,033
819,033
892,701
914,851
FIRST SCOTTISH DOCUMENT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
354
230
Amounts owed to group undertakings
180,398
328,711
Taxation and social security
11,191
9,655
Other creditors
7,250
6,000
199,193
344,596
6
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
11,524
11,677
2025
Movements in the year:
£
Liability at 1 January 2025
11,677
Credit to profit and loss
(153)
Liability at 31 December 2025
11,524
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
10,800 Ordinary Shares of £1 each
10,800
10,800
8
Related party transactions

The company is claiming exemption from disclosing transactions with other group companies under paragraph 33.1A of FRS 102.

9
Ultimate parent company and control

During the two years ended 31 December 2025 the ultimate parent company was TIC Holdco Limited, a company registered in England. The ultimate controlling party was Peter Dubens, by virtue of his shareholding in TIC Holdco Limited.

2025-12-31 2025-01-01 false false false 28 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Ms S Burton Mr M Andrews Ms L Innes Ms S Lowe Mr L Rhodes For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.SC241058 2025-01-01 2025-12-31 SC241058 2025-12-31 SC241058 2024-12-31 SC241058 core:LandBuildings 2025-12-31 SC241058 core:OtherPropertyPlantEquipment 2025-12-31 SC241058 core:LandBuildings 2024-12-31 SC241058 core:OtherPropertyPlantEquipment 2024-12-31 SC241058 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 SC241058 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC241058 core:CurrentFinancialInstruments 2025-12-31 SC241058 core:CurrentFinancialInstruments 2024-12-31 SC241058 core:ShareCapital 2025-12-31 SC241058 core:ShareCapital 2024-12-31 SC241058 core:SharePremium 2025-12-31 SC241058 core:SharePremium 2024-12-31 SC241058 core:RetainedEarningsAccumulatedLosses 2025-12-31 SC241058 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC241058 core:ShareCapitalOrdinaryShareClass1 2025-12-31 SC241058 core:ShareCapitalOrdinaryShareClass1 2024-12-31 SC241058 bus:Director1 2025-01-01 2025-12-31 SC241058 core:LeaseholdImprovements 2025-01-01 2025-12-31 SC241058 core:FurnitureFittings 2025-01-01 2025-12-31 SC241058 core:MotorVehicles 2025-01-01 2025-12-31 SC241058 2024-01-01 2024-12-31 SC241058 core:LandBuildings 2024-12-31 SC241058 core:OtherPropertyPlantEquipment 2024-12-31 SC241058 2024-12-31 SC241058 core:LandBuildings 2025-01-01 2025-12-31 SC241058 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 SC241058 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC241058 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC241058 bus:FRS102 2025-01-01 2025-12-31 SC241058 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 SC241058 bus:Director2 2025-01-01 2025-12-31 SC241058 bus:Director3 2025-01-01 2025-12-31 SC241058 bus:Director4 2025-01-01 2025-12-31 SC241058 bus:Director5 2025-01-01 2025-12-31 SC241058 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP