REGISTERED NUMBER: SC658115 (Scotland)

Financial Statements for the Year Ended 31 March 2026

for

EMSLIE S. COLLIER & SON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E S Collier

W J Collier

J S Collier

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC658115 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Intangible assets

4

699,962

699,962

Tangible assets

5

562,451

413,279

1,262,413

1,113,241

CURRENT ASSETS

Stocks

29,510

44,894

Debtors

6

158,890

110,657

Cash at bank and in hand

566,640

564,419

755,040

719,970

CREDITORS

Amounts falling due within one year

7

914,850

994,880

NET CURRENT LIABILITIES

(159,810

)

(274,910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,102,603

838,331

CREDITORS

Amounts falling due after more than one year

8

(25,000

)

-

PROVISIONS FOR LIABILITIES

(24,557

)

-

NET ASSETS

1,053,046

838,331

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,052,746

838,031

SHAREHOLDERS' FUNDS

1,053,046

838,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

E S Collier - Director

W J Collier - Director

J S Collier - Director

1.	STATUTORY INFORMATION

Emslie S. Collier & Son Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is not being amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stock and work in progress

Stock is included at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

Work in Progress reflects uninvoiced work at the year end. Thus is valued at its subsequent selling price. Profit is therefore recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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 material 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

699,962

NET BOOK VALUE

At 31 March 2026

699,962

At 31 March 2025

699,962

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

383,963

2,998

35,698

Additions

1,186

23,298

1,135

Disposals

-

-

-

At 31 March 2026

385,149

26,296

36,833

DEPRECIATION

At 1 April 2025

-

2,777

34,769

Charge for year

-

4,770

594

Eliminated on disposal

-

-

-

At 31 March 2026

-

7,547

35,363

NET BOOK VALUE

At 31 March 2026

385,149

18,749

1,470

At 31 March 2025

383,963

221

929

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

168,047

5,397

596,103

Additions

178,750

-

204,369

Disposals

(76,868

)

-

(76,868

)

At 31 March 2026

269,929

5,397

723,604

DEPRECIATION

At 1 April 2025

140,794

4,484

182,824

Charge for year

49,376

457

55,197

Eliminated on disposal

(76,868

)

-

(76,868

)

At 31 March 2026

113,302

4,941

161,153

NET BOOK VALUE

At 31 March 2026

156,627

456

562,451

At 31 March 2025

27,253

913

413,279

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

178,750

At 31 March 2026

178,750

DEPRECIATION

Charge for year

35,750

At 31 March 2026

35,750

NET BOOK VALUE

At 31 March 2026

143,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

154,268

85,563

Other debtors

4,622

25,094

158,890

110,657

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

20,000

-

Trade creditors

6,314

25,608

Taxation and social security

63,171

89,252

Other creditors

825,365

880,020

914,850

994,880

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

25,000

-

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £95,126 were paid to the directors .

The company was under control of E S Collier, W J Collier and J S Collier throughout the current and previous year.

During the year the company repaid the director, E S Collier, net amounts totalling £12,700. As at 31 March 2026 included within other creditors is a balance outstanding due to director of £196,401 (2025 - £209,101). No interest was paid on the funds advanced to the company.

During the year the company repaid the director, W J Collier, net amounts totalling £12,700. As at 31 March 2026 included within other creditors is a balance outstanding due to director of £134,635 (2025 - £147,335 ). No interest was paid on the funds advanced to the company.

During the year the director, J S Collier, advanced the company net amounts totalling £246. As at 31 March 2026 included within other creditors is a balance outstanding due to director of £187,260 (2025 - £187,014). No interest was paid on the funds advanced to the company.