Registration number: SC197275

Eurojet (Scotland) Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Eurojet (Scotland) Ltd

Company Information

Directors

Mr Jamie McPherson Mr Mark McPherson Mr Daniel Knight

Registered office

Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Accountants

M&S Accountancy and Taxation Limited Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Eurojet (Scotland) Ltd

(Registration number: SC197275)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	147,474	185,195
Current assets
Stocks	5	4,564	5,816
Debtors	6	135,682	175,234
Cash at bank and in hand		114,726	151,312
		254,972	332,362
Creditors: Amounts falling due within one year	7	(263,857)	(295,958)
Net current (liabilities)/assets		(8,885)	36,404
Total assets less current liabilities		138,589	221,599
Creditors: Amounts falling due after more than one year	7	(36,886)	(79,626)
Provisions for liabilities		(35,187)	(35,187)
Net assets		66,516	106,786
Capital and reserves
Called up share capital	8	1,002	1,002
Retained earnings		65,514	105,784
Shareholders' funds		66,516	106,786

Eurojet (Scotland) Ltd

(Registration number: SC197275)
Balance Sheet as at 30 September 2025

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 June 2026 and signed on its behalf by:
 

......................................... Mr Mark McPherson Director

Eurojet (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ

These financial statements were authorised for issue by the Board on 5 June 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Turnover is recognised on the accruals basis.

Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Eurojet (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance
Freehold property	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
 Recognition and measurement
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

Eurojet (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 October 2024	17,727	312,779	18,207	162,841
Additions	-	-	-	9,158
At 30 September 2025	17,727	312,779	18,207	171,999
Depreciation
At 1 October 2024	10,858	184,552	15,767	115,182
Charge for the year	1,717	32,636	612	11,914
At 30 September 2025	12,575	217,188	16,379	127,096
Carrying amount
At 30 September 2025	5,152	95,591	1,828	44,903
At 30 September 2024	6,869	128,227	2,440	47,659

	Total £
Cost or valuation
At 1 October 2024	511,554
Additions	9,158
At 30 September 2025	520,712
Depreciation
At 1 October 2024	326,359
Charge for the year	46,879
At 30 September 2025	373,238
Carrying amount
At 30 September 2025	147,474
At 30 September 2024	185,195

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	4,564	5,816

Eurojet (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	121,914	163,737
Prepayments	13,768	11,497
	135,682	175,234

Eurojet (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	9	42,740	44,414
Trade creditors		38,367	31,228
Taxation and social security		68,736	92,101
Accruals and deferred income		13,489	16,297
Other creditors		100,525	111,918
		263,857	295,958

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	9	36,886	79,626

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary Shares of £1 each	334	334	334	334
B Ordinary Shares of £1 each	334	334	334	334
C Ordinary Shares of £1 each	334	334	334	334
	1,002	1,002	1,002	1,002

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	8,773
Hire purchase contracts	36,886	70,853
	36,886	79,626

Bank borrowings are amounts advanced to the company under the Bounce Back Loan Scheme, which is fully back by a Government guarantee.

Hire purchase contracts are secured over the assets they relate to.

Eurojet (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,773	10,290
Hire purchase contracts	33,967	34,124
	42,740	44,414

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	11,640	11,640
Later than one year and not later than five years	14,550	26,190
	26,190	37,830

The amount of non-cancellable operating lease payments recognised as an expense during the year was £11,640 (2024 - £11,640).