REGISTERED NUMBER: SC222339 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Shannas Engineering Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J W Penny

Mrs D F A Penny

REGISTERED OFFICE:

North Howe

Skelmuir

Stuartfield

Peterhead

Aberdeenshire

AB42 5AH

REGISTERED NUMBER:

SC222339 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

191,957

164,337

CURRENT ASSETS

Stocks

5,330

9,110

Debtors

5

65,182

72,156

70,512

81,266

CREDITORS

Amounts falling due within one year

6

127,232

119,819

NET CURRENT LIABILITIES

(56,720

)

(38,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

135,237

125,784

CREDITORS

Amounts falling due after more than one year

7

(9,530

)

(24,842

)

PROVISIONS FOR LIABILITIES

(35,159

)

(30,246

)

NET ASSETS

90,548

70,696

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

90,546

70,694

SHAREHOLDERS' FUNDS

90,548

70,696

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.

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 28 May 2026 and were signed on its behalf by:

Mr J W Penny - Director

1.	STATUTORY INFORMATION

Shannas Engineering Ltd. 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.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale of goods and the point services are provided.

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.

Short leasehold

-

4% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 September 2024

27,179

431,966

11,205

Additions

-

90,175

-

Disposals

-

(19,750

)

-

At 31 August 2025

27,179

502,391

11,205

DEPRECIATION

At 1 September 2024

22,031

313,307

8,563

Charge for year

1,087

39,239

528

Eliminated on disposal

-

(7,110

)

-

At 31 August 2025

23,118

345,436

9,091

NET BOOK VALUE

At 31 August 2025

4,061

156,955

2,114

At 31 August 2024

5,148

118,659

2,642

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

62,991

2,907

536,248

Additions

-

917

91,092

Disposals

-

-

(19,750

)

At 31 August 2025

62,991

3,824

607,590

DEPRECIATION

At 1 September 2024

25,486

2,524

371,911

Charge for year

9,376

602

50,832

Eliminated on disposal

-

-

(7,110

)

At 31 August 2025

34,862

3,126

415,633

NET BOOK VALUE

At 31 August 2025

28,129

698

191,957

At 31 August 2024

37,505

383

164,337

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

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

43,996

DEPRECIATION

At 1 September 2024

10,999

Charge for year

8,249

At 31 August 2025

19,248

NET BOOK VALUE

At 31 August 2025

24,748

At 31 August 2024

32,997

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

15,844

3,498

Amounts recoverable on contract

41,550

55,000

Other debtors

7,788

13,658

65,182

72,156

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

30,881

37,028

Hire purchase contracts

6,145

6,145

Trade creditors

53,382

32,961

Taxation and social security

1,135

3

Other creditors

35,689

43,682

127,232

119,819

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

9,167

Hire purchase contracts

9,530

15,675

9,530

24,842

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank overdrafts

22,547

27,861

Bank loans

8,334

18,334

30,881

46,195

Bank loans and overdrafts are secured by means of a bond and floating charge over all the assets of the company.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholders.