Drysdale Brothers (Larbert) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC015465 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Drysdale Brothers (Larbert) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Drysdale

A D Drysdale

M B Drysdale

J W Drysdale

D R Drysdale

Mrs L I Anderson

Mrs E J Drysdale

Mrs R C Drysdale

C C S Wyle

A Law

SECRETARY:

D J Drysdale

REGISTERED OFFICE:

340 Main Street

Stenhousemuir

Larbert

FK5 3BG

REGISTERED NUMBER:

SC015465 (Scotland)

ACCOUNTANTS:

James Gunn

Chartered Accountants

10 Duckburn Business Park

Dunblane

FK15 0EW

FIXED ASSETS

Tangible assets

4

4,514,879

3,532,964

Investments

5

100

4,514,979

3,533,064

CURRENT ASSETS

Stocks

1,015,376

1,110,708

Debtors

6

842,757

899,726

Cash at bank

155,194

171,169

2,013,327

2,181,603

CREDITORS

Amounts falling due within one year

7

1,001,767

1,007,882

NET CURRENT ASSETS

1,011,560

1,173,721

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,526,539

4,706,785

CREDITORS

Amounts falling due after more than one
year

8

(1,783,708

)

(987,573

)

PROVISIONS FOR LIABILITIES

(817,685

)

(535,176

)

ACCRUALS AND DEFERRED INCOME

(99,979

)

-

NET ASSETS

2,825,167

3,184,036

CAPITAL AND RESERVES

Called up share capital

14,504

Revaluation reserve

10

200,000

213,618

Capital redemption reserve

7,000

Other reserves

7,851

Retained earnings

2,595,812

2,941,063

SHAREHOLDERS' FUNDS

2,825,167

3,184,036

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

D R Drysdale - Director

J W Drysdale - Director

1.	STATUTORY INFORMATION

Drysdale Brothers (Larbert) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain assets, and on the going concern basis. They are presented in sterling, which is the functional currency of the company.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires the directors to exercise their judgement in the application of the company's accounting policies. They do not consider that there are any matters arising in this regard that are so significant to the financial statements as to require separate disclosure.

The principal accounting policies applied in the preparation of these financial statements are set out below. They have been applied consistently to all years presented, unless otherwise stated.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognised when the company becomes entitled to it, normally on the rendering of an invoice.

Tangible fixed assets

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

Land and buildings

-

buildings 2% on cost or valuation

Plant and machinery etc

-

at varying rates on cost and at variable rates on reducing balance

Government grants

Grants are credited to deferred revenue when there is reasonable assurance that the company will comply with conditions attaching to them. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks and work in progress

Stocks and work in progress, including outward consignment inventories, are valued at the lower of cost and net realisable value on a first-in, first-out basis. Cost comprises raw material, labour and attributable production overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Research and development

Research expenditure is written off as incurred. Development expenditure is similarly treated unless it relates to the production of new or substantially improved products,in which case it may be capitalised as incurred after the technical feasibility and commercial viability of the products have been proven, and costs can be measured accurately. Capitalised development expenditure is written off over the expected life of the product, subject to a maximum period of 10 years.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Operating lease rentals and any incentives receivable are recognised in the profit and loss account on a straight-line basis over the term 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.

Debtors and creditors due within one year

Debtors, prepayments, creditors and provisions are recognised at the transaction value, after taking account of any discounts or impairments.

Cash and cash equivalents

Cash at bank and in hand includes cash, bank current accounts and bank deposits repayable without penalty on notice of not more than three months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 January 2025

1,595,012

5,810,826

7,405,838

Additions

-

1,360,745

Disposals

-

(94,000

)

(94,000

)

At 31 December 2025

1,595,012

7,077,571

8,672,583

DEPRECIATION

At 1 January 2025

279,162

3,593,712

3,872,874

Charge for year

8,947

342,003

350,950

Eliminated on disposal

-

(66,120

)

(66,120

)

At 31 December 2025

288,109

3,869,595

4,157,704

NET BOOK VALUE

At 31 December 2025

1,306,903

3,207,976

4,514,879

At 31 December 2024

1,315,850

2,217,114

3,532,964

Cost or valuation at 31 December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 1975

30,500

-

30,500

Valuation in 1988

162,500

-

162,500

Valuation in 1998

55,875

-

55,875

Cost

1,346,137

7,077,571

8,423,708

1,595,012

7,077,571

8,672,583

Heritable property has been revalued as noted above. This value has been adopted as deemed cost for the purposes of FRS 102.

The comparable amounts for heritable property at historical cost were:

£

Cost

1,336,440

Depreciation

152,962

Net Book Value

1,183,478

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

100

NET BOOK VALUE

At 31 December 2025

100

At 31 December 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Trade debtors

757,303

880,270

Other debtors

85,454

19,456

842,757

899,726

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Bank loans and overdrafts

28,250

-

Hire purchase contracts

339,229

253,819

Trade creditors

365,073

288,465

Amounts owed to group undertakings

9,944

Taxation and social security

158,997

305,941

Other creditors

100,274

149,713

1,001,767

1,007,882

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/25

31/12/24

£

Bank loans

1,171,751

825,000

Hire purchase contracts

611,957

162,573

1,783,708

987,573

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

1,039,715

747,160

9.	SECURED DEBTS

Bank borrowings are secured by a bond and floating charges over the company's assets and standard securities over the company's heritable property.

10.

RESERVES

Revaluation

reserve

£

At 1 January 2025

213,618

Revaluation reserve element

of depreciation charge

(16,868

)

Revaluation reserve element of deferred tax
charge

3,250

At 31 December 2025

200,000

Deferred tax is provided on revaluation increases, and a charge is made to the revaluation reserve for the tax relating to the revaluation element of the tax provision.