REGISTERED NUMBER: SC345364 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Innes & Partners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J N Innes FCCA

Mrs J A Innes

SECRETARY:

Mrs J A Innes

REGISTERED OFFICE:

9 Ardross Street

Inverness

IV3 5NN

REGISTERED NUMBER:

SC345364 (Scotland)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

222,497

242,356

222,497

242,356

CURRENT ASSETS

Stocks

77,687

78,000

Debtors

6

206,194

189,778

Cash at bank

-

132

283,881

267,910

CREDITORS

Amounts falling due within one year

7

206,783

245,275

NET CURRENT ASSETS

77,098

22,635

TOTAL ASSETS LESS CURRENT LIABILITIES

299,595

264,991

CREDITORS

Amounts falling due after more than one year

8

(126,309

)

(126,309

)

PROVISIONS FOR LIABILITIES

(3,474

)

(7,342

)

NET ASSETS

169,812

131,340

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

169,712

131,240

SHAREHOLDERS' FUNDS

169,812

131,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 27 April 2026 and were signed on its behalf by:

J N Innes FCCA - Director

1.	STATUTORY INFORMATION

Innes & Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

at varying rates on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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 20 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

235,034

AMORTISATION

At 1 October 2024

and 30 September 2025

235,034

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

211,802

12,738

29,126

72,706

326,372

Additions

-

-

2,428

-

2,428

At 30 September 2025

211,802

12,738

31,554

72,706

328,800

DEPRECIATION

At 1 October 2024

33,182

12,738

23,555

14,541

84,016

Charge for year

4,236

-

3,510

14,541

22,287

At 30 September 2025

37,418

12,738

27,065

29,082

106,303

NET BOOK VALUE

At 30 September 2025

174,384

-

4,489

43,624

222,497

At 30 September 2024

178,620

-

5,571

58,165

242,356

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

201,608

187,778

Other debtors

4,586

2,000

206,194

189,778

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,215

45,462

Hire purchase contracts

957

13,861

Taxation and social security

143,237

118,112

Other creditors

51,374

67,840

206,783

245,275

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

97,640

97,640

Hire purchase contracts

28,669

28,669

126,309

126,309

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

34,433

34,433

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

95,915

119,107

A floating charge is held by Clydesdale Bank of the assets of the company.

The Clydesdale Bank hold a standard security charge over 9 Ardross Street, Inverness.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

60

A Ordinary Shares

£1

60

60

20

B Ordinary Shares

£1

20

20

10

Ordinary C Shares

£1

10

10

10

Ordinary D Shares

£1

10

10

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A personal guarantee has been granted by J N Innes of £100,000 to the Clydesdale Bank.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £160,000 (2024 - £141,800) were paid to the directors .

13.	ULTIMATE CONTROLLING PARTY

The controlling party is J N Innes FCCA.