Bill's Tool Store Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC365221

Bill's Tool Store Limited

Filleted Unaudited Financial Statements

30 September 2025

Bill's Tool Store Limited

Financial Statements

Year ended 30 September 2025

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Bill's Tool Store Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Bill's Tool Store Limited

Year ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bill's Tool Store Limited for the year ended 30 September 2025, 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 Bill's Tool Store Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Bill's Tool Store Limited 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 Bill's Tool Store Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bill's Tool Store Limited 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 Bill's Tool Store Limited. You consider that Bill's Tool Store Limited 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 Bill's Tool Store Limited. 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.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

18 June 2026

Bill's Tool Store Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		195,085	169,588

Current assets

Stocks		285,200	280,100
Debtors	7	1,934	8,005
Cash at bank and in hand		56,517	92,949
		---------	---------
		343,651	381,054

Creditors: amounts falling due within one year	8	197,782		216,342
		---------		---------
Net current assets			145,869	164,712
			---------	---------
Total assets less current liabilities			340,954	334,300

Creditors: amounts falling due after more than one year	9	21,960	2,574
		---------	---------
Net assets		318,994	331,726
		---------	---------

Capital and reserves

Called up share capital	70	70
Capital redemption reserve	( 92,970)	( 92,970)
Profit and loss account	411,894	424,626
	---------	---------
Shareholders funds	318,994	331,726
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 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 .

Bill's Tool Store Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 18 June 2026 , and are signed on behalf of the board by:

Mr AD Duff

Director

Company registration number: SC365221

Bill's Tool Store Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 15 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	10% reducing balance
Fixtures & fittings	-	10% reducing balance
Motor vehicles	-	25% reducing balance

Land and buildings are depreciated at 0%.

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.

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 14 (2024: 13 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 October 2024 and 30 September 2025	300,000
	---------
Amortisation
At 1 October 2024 and 30 September 2025	300,000
	---------
Carrying amount
At 30 September 2025	–
	---------
At 30 September 2024	–
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 October 2024	132,781	21,554	7,078	87,923	249,336
Additions	–	–	–	43,990	43,990
	---------	--------	-------	---------	---------
At 30 September 2025	132,781	21,554	7,078	131,913	293,326
	---------	--------	-------	---------	---------
Depreciation
At 1 October 2024	–	13,313	3,942	62,493	79,748
Charge for the year	–	824	314	17,355	18,493
	---------	--------	-------	---------	---------
At 30 September 2025	–	14,137	4,256	79,848	98,241
	---------	--------	-------	---------	---------
Carrying amount
At 30 September 2025	132,781	7,417	2,822	52,065	195,085
	---------	--------	-------	---------	---------
At 30 September 2024	132,781	8,241	3,136	25,430	169,588
	---------	--------	-------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,934	7,505
Other debtors	–	500
	-------	-------
	1,934	8,005
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,933	14,175
Trade creditors	109,529	106,002
Accruals and deferred income	3,591	3,369
Corporation tax	26,018	49,195
Social security and other taxes	25,401	27,092
Obligations under finance leases and hire purchase contracts	9,894	8,564
Director loan accounts	69	438
Other creditors	16,347	7,507
	---------	---------
	197,782	216,342
	---------	---------

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

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	21,960	2,574
	--------	-------

Clydesdale Bank PLC hold floating charges over the undertakings and property and assets of the company. The hire purchase liabilities are secured over the assets to which they relate.

10. Directors' advances, credits and guarantees

As at the 30th September 2025, the directors were owed £69 from the company (2024: £437).

11. Controlling party

The company was under the control of Mr WP Pearson and Mr AD Duff throughout the current and previous periods.