Colin Prior Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC280934 (Scotland)

COLIN PRIOR LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms G Prior

C C Prior

SECRETARY:

Ms G Prior

REGISTERED OFFICE:

4 Princes Gate

Bothwell

Glasgow

G71 8SP

REGISTERED NUMBER:

SC280934 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Intangible assets

4

61,100

72,200

Tangible assets

5

11,323

13,848

72,423

86,048

CURRENT ASSETS

Stocks

500

400

Debtors

6

5,857

7,255

Cash at bank

55,693

48,312

62,050

55,967

CREDITORS

Amounts falling due within one year

7

90,171

79,327

NET CURRENT LIABILITIES

(28,121

)

(23,360

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,302

62,688

CREDITORS

Amounts falling due after more than one
year

8

(20,807

)

(26,431

)

ACCRUALS AND DEFERRED INCOME

(3,531

)

(7,063

)

NET ASSETS

19,964

29,194

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

19,864

29,094

SHAREHOLDERS' FUNDS

19,964

29,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 12 June 2026 and were signed on its behalf by:

C C Prior - Director

Ms G Prior - Director

1.	STATUTORY INFORMATION

Colin Prior Limited 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 goods and services provided in the year, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation. Amortisation is provided to write off the initial cost of the related assets less the residual value over either 5 or 10 years.

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.

Plant and machinery etc

-

25% on cost and 10% on cost

Government grants

Government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the asset to which they relate or twenty years, whichever is shorter. Government grants in respect of revenue expenditure are credited to the profit and loss account in the year to which they relate.

Stocks and work in progress

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

Financial instruments

Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current 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 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.

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.	INTANGIBLE ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

143,000

AMORTISATION

At 1 January 2025

70,800

Charge for year

11,100

At 31 December 2025

81,900

NET BOOK VALUE

At 31 December 2025

61,100

At 31 December 2024

72,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

32,576

Additions

1,132

Disposals

(2,188

)

At 31 December 2025

31,520

DEPRECIATION

At 1 January 2025

18,728

Charge for year

3,343

Eliminated on disposal

(1,874

)

At 31 December 2025

20,197

NET BOOK VALUE

At 31 December 2025

11,323

At 31 December 2024

13,848

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

5,528

7,013

Other debtors

329

242

5,857

7,255

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

5,624

5,488

Trade creditors

1,880

2,428

Taxation and social security

18,377

15,497

Other creditors

64,290

55,914

90,171

79,327

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

20,807

26,431

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

-

3,083

9.	RELATED PARTY DISCLOSURES

At 31 December 2025 the company's directors had provided the company with an interest free loan of £29,410 (2024, £23,318), which is included in other creditors. There are no fixed repayment terms for this loan.