IHS Scotland Limited - Filleted accounts

Registered number

SC361021

IHS Scotland Limited

Filleted Accounts

31 December 2025

IHS Scotland Limited
Registered number:		SC361021
Balance Sheet
as at 31 December 2025

	Notes		2025			2024
£				£
Fixed assets
Tangible assets	3		90,791			198,486

Current assets
Stocks		5,319			15,054
Debtors	4	50,451			129,200
Cash at bank and in hand		182,306			139,881
		238,076			284,135

Creditors: amounts falling due within one year	5	(89,189)			(141,040)

Net current assets			148,887			143,095

Total assets less current liabilities			239,678			341,581

Creditors: amounts falling due after more than one year	6		-			(64,992)



Net assets			239,678			276,589

Capital and reserves
Called up share capital			100			100
Profit and loss account			239,578			276,489

Shareholders' funds			239,678			276,589

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Duncan Don
Director
Approved by the board on 10 June 2026

IHS Scotland Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		6


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2025	60,768		372,038		432,806
	Additions	1,272		44,400		45,672
	Disposals	-		(241,113)		(241,113)
	At 31 December 2025	62,040		175,325		237,365

	Depreciation
	At 1 January 2025	42,269		192,051		234,320
	Charge for the year	4,643		14,287		18,930
	On disposals	-		(106,676)		(106,676)
	At 31 December 2025	46,912		99,662		146,574

	Net book value
	At 31 December 2025	15,128		75,663		90,791
	At 31 December 2024	18,499		179,987		198,486


4	Debtors			2025		2024
£					£

	Trade debtors			46,156		122,519
	Other debtors			4,295		6,681
				50,451		129,200


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			-		37,138
	Trade creditors			17,836		37,841
	Taxation and social security costs			69,469		64,510
	Other creditors			1,884		1,551
				89,189		141,040


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			-		64,992


7	Other information

	IHS Scotland Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	17 Flowerhill Street
	Airdrie
	ML6 6AP