Woodside PO & Convenience Store Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC381325

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		874,865		865,181

			874,865		865,181
CURRENT ASSETS
Stocks	6	13,477		-
Cash at bank and in hand		34,211		53,088

		47,688		53,088
Creditors: Amounts Falling Due Within One Year	7	(708,989 )		(708,988 )

NET CURRENT ASSETS (LIABILITIES)			(661,301 )		(655,900 )

TOTAL ASSETS LESS CURRENT LIABILITIES			213,564		209,281

Creditors: Amounts Falling Due After More Than One Year	8		(131,047 )		(143,233 )

NET ASSETS			82,517		66,048

Income and Expenditure Account			82,517		66,048

MEMBERS' FUNDS			82,517		66,048

Page 1

Page 2

Woodside PO & Convenience Store Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

S Ahmed

Director

30/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Woodside PO & Convenience Store Limited is a private company, limited by guarantee, incorporated in Scotland, registered number SC381325 . The registered office is The Kelvin Partnership 505, Great Western Road, Glasgow, G12 8HN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income and expenditure account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	N/A
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	25% Reducing Balance

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

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

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Woodside PO & Convenience Store Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	139,148

As at 31 July 2025	139,148

Amortisation
As at 1 August 2024	139,148

As at 31 July 2025	139,148

Net Book Value
As at 31 July 2025	-

As at 1 August 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2024	910,895	5,000	10,694	926,589
Additions	-	11,054	-	11,054

As at 31 July 2025	910,895	16,054	10,694	937,643

Depreciation
As at 1 August 2024	46,836	4,676	9,896	61,408
Provided during the period	-	1,170	200	1,370

As at 31 July 2025	46,836	5,846	10,096	62,778

Net Book Value
As at 31 July 2025	864,059	10,208	598	874,865

As at 1 August 2024	864,059	324	798	865,181

Page 4

Page 5

Woodside PO & Convenience Store Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Stocks

	2025	2024
	£	£
Work in progress	13,477	-

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	14,855	18,215
Other creditors	690,051	687,464
Taxation and social security	4,083	3,309

	708,989	708,988

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	131,047	143,233

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 5