ALL TIMBERLINES LIMITED


Directors	DOWNIE, Laura
	PATON, Paul
	RUSHTON, Benjamin Paul
	RUSHTON, Paul Kevin


Company Secretary	ABERDEIN CONSIDINE SECRETARIAL SERVICES LIMITED


Registered Address	Lyndon House Kirkton Drive
	Pitmedden Industrial Est. Dyce
	Aberdeen
	AB21 0BG


Registered Number	SC077600 (Scotland)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,041,187		1,154,726
			1,041,187		1,154,726
Current assets
Stocks		127,467		73,236
Debtors	4	3,245,910		4,561,742
Cash at bank and on hand		330,564		212,600
		3,703,941		4,847,578
Creditors amounts falling due within one year	5	(2,563,984)		(2,611,236)
Net current assets (liabilities)			1,139,957		2,236,342
Total assets less current liabilities			2,181,144		3,391,068
Creditors amounts falling due after one year	6		(869,791)		(1,229,791)
Net assets			1,311,353		2,161,277
Capital and reserves
Called up share capital			1,200		1,200
Revaluation reserve			1,291,161		1,291,161
Profit and loss account			18,992		868,916
Shareholders' funds			1,311,353		2,161,277

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 22 May 2026, and are signed on its behalf by:

RUSHTON, Paul Kevin
Director
Registered Company No. SC077600

ALL TIMBERLINES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	39		37

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 25	2,242,365
	Additions	22,344
	Disposals	(71,034)
	At 31 December 25	2,193,672
	Depreciation and impairment
	At 01 January 25	1,087,639
	Charge for year	119,727
	On disposals	(54,878)
	At 31 December 25	1,152,485
	Net book value
	At 31 December 25	1,041,187
	At 31 December 24	1,154,726

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,257,905	1,426,995
Amounts owed by group undertakings	1,983,843	3,058,843
Prepayments and accrued income	4,162	75,904
Total	3,245,910	4,561,742

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	533,670	499,571
Bank borrowings and overdrafts	360,000	360,132
Taxation and social security	608,069	504,365
Other creditors	1,051,687	1,189,144
Accrued liabilities and deferred income	10,558	58,024
Total	2,563,984	2,611,236

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	869,791	1,229,791
Total	869,791	1,229,791

7.	Related party transactions
	The company is wholly owned by its parent entity, Acquire-X Limited, which holds 100% of its share capital. At 31 December 2025, the company was owed a balance of £1,983,843 (2024 - 3,059,563) from this entity which is presented as an asset in the financial statements. During the year, an expense of £120,000 (2024 - £70,000) had been incurred by the company with Acquire-X Limited. In addition, the company paid dividends to Acquire-X Limited in the year totalling £1,500,000 (2024 - £3,000,000). Apart from this, there were no other transactions with related parties during the year.

Related party transactions

The company is wholly owned by its parent entity, Acquire-X Limited, which holds 100% of its share capital. At 31 December 2025, the company was owed a balance of £1,983,843 (2024 - 3,059,563) from this entity which is presented as an asset in the financial statements. During the year, an expense of £120,000 (2024 - £70,000) had been incurred by the company with Acquire-X Limited. In addition, the company paid dividends to Acquire-X Limited in the year totalling £1,500,000 (2024 - £3,000,000). 

Apart from this, there were no other transactions with related parties during the year.