REGISTERED NUMBER: SC224315 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

AFS (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Avery

REGISTERED OFFICE:

Unit 20 15, Borrowmeadow Road

Springkerse Industrial Estate

Stirling

FK7 7FB

REGISTERED NUMBER:

SC224315 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Tangible assets

4

244,468

128,893

CURRENT ASSETS

Stocks

25,900

13,309

Debtors

5

1,225,053

1,336,538

Cash at bank

420,653

156,661

1,671,606

1,506,508

CREDITORS

Amounts falling due within one year

6

962,805

780,081

NET CURRENT ASSETS

708,801

726,427

TOTAL ASSETS LESS CURRENT LIABILITIES

953,269

855,320

CREDITORS

Amounts falling due after more than one year

7

221,627

289,694

NET ASSETS

731,642

565,626

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

731,542

565,526

SHAREHOLDERS' FUNDS

731,642

565,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 May 2026 and were signed by:

S Avery - Director

1.	STATUTORY INFORMATION

AFS (Scotland) 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 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.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of each individual contract providing that the amount of revenue can be measured reliably, it is probable that the company will receive the consideration due and that the costs can be measured reliably the entity will recognise both income and costs by reference to the percentage completion of the contract. If the outcome cannot be measured reliably measured, all costs are expensed and revenue is only recognised to the extent that it is probable that costs are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

25% on cost

Plant and machinery etc

-

33% on cost and 25% on cost

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks and other financial institutions.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 27 (2025 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

13,970

370,971

384,941

Additions

-

183,644

183,644

Disposals

-

(49,635

)

(49,635

)

At 31 March 2026

13,970

504,980

518,950

DEPRECIATION

At 1 April 2025

13,970

242,078

256,048

Charge for year

-

68,069

68,069

Eliminated on disposal

-

(49,635

)

(49,635

)

At 31 March 2026

13,970

260,512

274,482

NET BOOK VALUE

At 31 March 2026

-

244,468

244,468

At 31 March 2025

-

128,893

128,893

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2025

233,854

Additions

183,644

Transfer to ownership

(24,500

)

At 31 March 2026

392,998

DEPRECIATION

At 1 April 2025

110,430

Charge for year

66,653

Transfer to ownership

(24,500

)

At 31 March 2026

152,583

NET BOOK VALUE

At 31 March 2026

240,415

At 31 March 2025

123,424

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Amounts recoverable on Contracts

1,008,577

833,880

Amounts owed by group undertakings

125,000

460,000

Other debtors

91,476

42,658

1,225,053

1,336,538

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

31,700

31,700

Hire purchase contracts (see note 8)

94,023

71,301

Trade creditors

383,141

292,215

Taxation and social security

66,678

37,143

Other creditors

387,263

347,722

962,805

780,081

The amount owed to group undertaking is unsecured, interest free and has no fixed repayment date.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

12,780

39,754

Hire purchase contracts (see note 8)

108,847

49,940

Other creditors

100,000

200,000

221,627

289,694

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

94,023

71,301

Between one and five years

108,847

49,940

202,870

121,241

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

44,480

71,454

The bank loan is secured by a bond and floating charge over the assets of the company together with a guarantee by the director for £250,000.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Lhanbryde Services Limited.