FAL Scottish Propeller Service Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC497795

FAL SCOTTISH PROPELLER SERVICE LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

5 April 2026

FAL SCOTTISH PROPELLER SERVICE LTD

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2026

Contents	Page

Officers and professional advisers	1

Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of FAL Scottish Propeller Service Ltd	2

Statement of financial position	3

Notes to the financial statements	5

FAL SCOTTISH PROPELLER SERVICE LTD

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr F A Langnes
	Mr M A Langnes

Registered office	1 March Road West
	Buckie
	Moray
	Scotland
	AB56 4BU

Accountants	Ritsons
	Chartered Accountants
	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

FAL SCOTTISH PROPELLER SERVICE LTD

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FAL SCOTTISH PROPELLER SERVICE LTD

YEAR ENDED 5 APRIL 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FAL Scottish Propeller Service Ltd for the year ended 5 April 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of FAL Scottish Propeller Service Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of FAL Scottish Propeller Service Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FAL Scottish Propeller Service Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FAL Scottish Propeller Service Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FAL Scottish Propeller Service Ltd. You consider that FAL Scottish Propeller Service Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of FAL Scottish Propeller Service Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ritsons Chartered Accountants

26-30 Marine Place Buckie Moray AB56 1UT

17 June 2026

FAL SCOTTISH PROPELLER SERVICE LTD

STATEMENT OF FINANCIAL POSITION

5 April 2026

	2026	2025
Note	£	£

FIXED ASSETS

Tangible assets	5	81,083	72,306

CURRENT ASSETS

Stocks		66,226	59,770
Debtors	6	70,667	45,951
Cash at bank and in hand		305,477	314,386
		---------	---------
		442,370	420,107

CREDITORS: amounts falling due within one year	7	285,410	231,184
		---------	---------
NET CURRENT ASSETS		156,960	188,923
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		238,043	261,229

CREDITORS: amounts falling due after more than one year	8	–	29,641

PROVISIONS

Taxation including deferred tax	15,405	18,077
	---------	---------
NET ASSETS	222,638	213,511
	---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	222,538	213,411
	---------	---------
SHAREHOLDERS FUNDS	222,638	213,511
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 5 April 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

FAL SCOTTISH PROPELLER SERVICE LTD

STATEMENT OF FINANCIAL POSITION (continued)

5 April 2026

These financial statements were approved by the board of directors and authorised for issue on 17 June 2026 , and are signed on behalf of the board by:

Mr M A Langnes

Director

Company registration number: SC497795

FAL SCOTTISH PROPELLER SERVICE LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 1 March Road West, Buckie, Moray, AB56 4BU, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contacts and contracts for on-going services is recognised by reference to the stage of completion.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	15% reducing balance
Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2025: 7 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 6 April 2025	65,795	19,722	74,361	20,610	180,488
Additions	9,825	13,421	–	3,774	27,020
Disposals	–	–	–	( 1,157)	( 1,157)
	--------	--------	--------	--------	---------
At 5 April 2026	75,620	33,143	74,361	23,227	206,351
	--------	--------	--------	--------	---------
Depreciation
At 6 April 2025	41,087	8,227	46,983	11,885	108,182
Charge for the year	5,182	3,736	6,845	1,769	17,532
Disposals	–	–	–	( 446)	( 446)
	--------	--------	--------	--------	---------
At 5 April 2026	46,269	11,963	53,828	13,208	125,268
	--------	--------	--------	--------	---------
Carrying amount
At 5 April 2026	29,351	21,180	20,533	10,019	81,083
	--------	--------	--------	--------	---------
At 5 April 2025	24,708	11,495	27,378	8,725	72,306
	--------	--------	--------	--------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	59,973	35,423
Other debtors	10,694	10,528
	--------	--------
	70,667	45,951
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	12,646	14,727
Corporation tax	45,979	41,771
Social security and other taxes	22,232	15,959
Other creditors	204,553	158,727
	---------	---------
	285,410	231,184
	---------	---------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	–	29,641
	----	--------

9. Related party transactions

At 5th April 2026, the company owed Mark: £88,574 and Frank £84,393 (2025: Mark: £76,176, Frank £75,095) by way of a directors loan account. During the year the company paid dividends of £72,000 (2025: £72,000) to the directors.