REGISTERED NUMBER: SC235866 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

BRAIDWOOD MOTOR COMPANY LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

4

FIXED ASSETS

Tangible assets

4

225,320

265,407

Investment property

5

220,341

-

445,661

265,407

CURRENT ASSETS

Stocks

1,018,159

965,494

Debtors

125,829

(15,487

)

Cash at bank

9,095

-

1,153,083

950,007

CREDITORS

Amounts falling due within one year

1,011,270

530,558

NET CURRENT ASSETS

141,813

419,449

TOTAL ASSETS LESS CURRENT LIABILITIES

587,474

684,856

CREDITORS

Amounts falling due after more than one year

61,576

85,011

NET ASSETS

525,898

599,845

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

525,748

599,695

525,898

599,845

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 May 2026 and were signed on its behalf by:

N Hogarth - Director

1.	STATUTORY INFORMATION

Braidwood Motor Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC235866

Registered office:

16 Drumshoreland Road

Pumpherston

West Lothian

EH53 0LN

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 and revenue recognition

Turnover represents net invoiced sales of motor vehicles excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement 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.

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 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

and 31 August 2025

521,668

DEPRECIATION

At 1 September 2024

256,261

Charge for year

40,087

At 31 August 2025

296,348

NET BOOK VALUE

At 31 August 2025

225,320

At 31 August 2024

265,407

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

Totals

£

COST

At 1 September 2024

and 31 August 2025

130,342

DEPRECIATION

At 1 September 2024

92,322

Charge for year

32,586

At 31 August 2025

124,908

NET BOOK VALUE

At 31 August 2025

5,434

At 31 August 2024

38,020

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

220,341

At 31 August 2025

220,341

NET BOOK VALUE

At 31 August 2025

220,341

6.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank loans

11,230

20,012

Other loans

558,575

43,980

569,805

63,992

The bank overdraft is secured by a bond and floating charges over the assets of the company.