W. Christie (Industrial) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC035247 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

W. Christie (Industrial) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Taylor

N Taylor

SECRETARY:

Mrs J Taylor

REGISTERED OFFICE:

Ground Floor - Units 5 & 6

100 Brand Street

Glasgow

G51 1DG

REGISTERED NUMBER:

SC035247 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

147 Bath Street

Glasgow

G2 4SN

FIXED ASSETS

Tangible assets

4

1,943,809

1,992,300

CURRENT ASSETS

Stocks

99,416

88,876

Debtors

5

819,810

963,571

Cash at bank and in hand

2,214,275

2,106,032

3,133,501

3,158,479

CREDITORS

Amounts falling due within one year

6

1,311,419

1,460,754

NET CURRENT ASSETS

1,822,082

1,697,725

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,765,891

3,690,025

CREDITORS

Amounts falling due after more than one
year

7

(572,776

)

(735,863

)

PROVISIONS FOR LIABILITIES

(23,330

)

(34,784

)

NET ASSETS

3,169,785

2,919,378

CAPITAL AND RESERVES

Called up share capital

10

27,750

Share premium

60,000

Capital redemption reserve

6,150

Retained earnings

3,075,885

2,825,478

SHAREHOLDERS' FUNDS

3,169,785

2,919,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

Mrs J Taylor - Director

1.	STATUTORY INFORMATION

W. Christie (Industrial) Limited is a private company, limited by shares, registered in Scotland. The company's registered number is SC035247 and its registered office address is Ground Floor - Units 5 & 6, 100 Brand Street, Glasgow, G51 1DG.

The presentation currency of the financial statements is the Pound Sterling (£) which is the functional currency of the company.

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.

Going Concern

The company has cash resources and a strong balance sheet position. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accountancy appropriate in preparing the annual financial statements.

Significant judgements and estimates

The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Turnover

Turnover represents net sales of goods and services, excluding value added tax and discounts offered. Income is recognised when the company becomes entitled to the income, it can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

1% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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 has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.

Employment benefits

The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Provisions for liabilities

A provision for liabilities is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated readily. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2024

1,738,108

993,689

2,731,797

Additions

-

64,216

Disposals

-

(23,380

)

(23,380

)

At 30 September 2025

1,738,108

1,034,525

2,772,633

DEPRECIATION

At 1 October 2024

67,136

672,361

739,497

Charge for year

17,381

93,903

111,284

Eliminated on disposal

-

(21,957

)

(21,957

)

At 30 September 2025

84,517

744,307

828,824

NET BOOK VALUE

At 30 September 2025

1,653,591

290,218

1,943,809

At 30 September 2024

1,670,972

321,328

1,992,300

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

764,478

908,984

Other debtors

55,332

54,587

819,810

963,571

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

162,401

152,506

Trade creditors

298,134

383,908

Taxation and social security

613,498

612,954

Other creditors

237,386

311,386

1,311,419

1,460,754

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

572,776

735,863

2025

2024

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

-

45,138

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

360

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

735,177

888,369

The bank loan facility is secured by a bond and floating charge for all monies. The premises, Christie House, at Meadowbank Road has a legal charge delivered over the mortgage.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

27,750

Ordinary

£1

27,750

Ordinary shares rank equally for voting rights, dividends declared and distributions on winding up, and are not redeemable.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J Taylor.