Trades Direct (Scotland) Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of Trades Direct (Scotland) Ltd for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Trades Direct (Scotland) Ltd for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the director of Trades Direct (Scotland) Ltd , as a body, in accordance with the terms of our engagement letter dated 10 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of Trades Direct (Scotland) Ltd and state those matters that we have agreed to state to the director of Trades Direct (Scotland) Ltd , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trades Direct (Scotland) Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that Trades Direct (Scotland) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Trades Direct (Scotland) Ltd . You consider that Trades Direct (Scotland) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Trades Direct (Scotland) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Signed

25 May 2026

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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Trades Direct (Scotland) Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC500443

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,534		1,885

			1,534		1,885
CURRENT ASSETS
Stocks	5	100,673		99,884
Debtors	6	28,739		13,136
Cash at bank and in hand		20,013		8,588

		149,425		121,608
Creditors: Amounts Falling Due Within One Year	7	(158,520 )		(123,433 )

NET CURRENT ASSETS (LIABILITIES)			(9,095 )		(1,825 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,561 )		60

Creditors: Amounts Falling Due After More Than One Year	8		(28,362 )		(26,655 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(195 )		(195 )

NET LIABILITIES			(36,118 )		(26,790 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(36,120 )		(26,792 )

SHAREHOLDERS' FUNDS			(36,118)		(26,790)

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Trades Direct (Scotland) Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 her 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 Profit and Loss Account.

On behalf of the board

Mrs T Burns

Director

25 May 2026

The notes on pages 4 to 6 form part of these financial statements.

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Trades Direct (Scotland) Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Trades Direct (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC500443 . The registered office is Oaklands, Main Road, Bridgehouse, West Lothian, EH48 3DQ.

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. Going Concern Disclosure

The accounts have been prepared on a going concern basis as the company is being supported by the bank loan

and other creditors.

2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. 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:

Motor Vehicles	25% reducing balance
Computer Equipment	20% on cost

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. Financial Instruments

Basic financial instruments are initially recognised at transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method, where applicable. These can include trade and other debtors, cash and bank balances, trade and other creditors, and intercompany balances. Financial assets are assessed at the end of each reporting period for evidence of impairment and adjusted if necessary. The company does not hold or issue any complex financial instruments such as derivatives.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	34,483	2,304	36,787
Additions	-	582	582

As at 31 March 2025	34,483	2,886	37,369

...CONTINUED

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Trades Direct (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	33,059	1,843	34,902
Provided during the period	356	577	933

As at 31 March 2025	33,415	2,420	35,835

Net Book Value
As at 31 March 2025	1,068	466	1,534

As at 1 April 2024	1,424	461	1,885

5. Stocks

	2025	2024
	£	£
Stock	26,785	28,145
Work in progress	73,888	71,739

	100,673	99,884

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,622	5,812
Other debtors	27,117	7,324

	28,739	13,136

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	28,217	21,376
Bank loans and overdrafts	7,848	12,334
Other creditors	21,377	25,318
Taxation and social security	101,078	64,405

	158,520	123,433

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

	2025	2024
	£	£
Bank loans	28,362	26,655

9. Secured Creditors

The bank loan is supported by a 100% guarantee from the UK Government.

	2025		2024
	£		£
Bank loans and overdrafts	36,210		38,989

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Trades Direct (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Related Party Transactions

The company operates a loan account with the director, Mrs T Burns.

During the year, the company advanced loans totalling £13,152 to the director. At the year end, the balance due to the company was £20,187 (2024: £7,035). This loan is unsecured, interest free and has no fixed repayment terms.

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