IRIS Accounts Production v26.1.0.640 SC105331 Board of Directors 1.3.25 28.2.26 28.2.26 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC105331 2025-02-28 SC105331 2026-02-28 SC105331 2025-03-01 2026-02-28 SC105331 2024-02-29 SC105331 2024-03-01 2025-02-28 SC105331 2025-02-28 SC105331 ns15:Scotland 2025-03-01 2026-02-28 SC105331 ns14:PoundSterling 2025-03-01 2026-02-28 SC105331 ns10:Director1 2025-03-01 2026-02-28 SC105331 ns10:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 SC105331 ns10:SmallEntities 2025-03-01 2026-02-28 SC105331 ns10:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 SC105331 ns10:SmallCompaniesRegimeForDirectorsReport 2025-03-01 2026-02-28 SC105331 ns10:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 SC105331 ns10:FullAccounts 2025-03-01 2026-02-28 SC105331 ns10:Director2 2025-03-01 2026-02-28 SC105331 ns10:Director3 2025-03-01 2026-02-28 SC105331 ns10:CompanySecretary1 2025-03-01 2026-02-28 SC105331 ns10:RegisteredOffice 2025-03-01 2026-02-28 SC105331 ns5:CurrentFinancialInstruments 2026-02-28 SC105331 ns5:CurrentFinancialInstruments 2025-02-28 SC105331 ns5:Non-currentFinancialInstruments 2026-02-28 SC105331 ns5:Non-currentFinancialInstruments 2025-02-28 SC105331 ns5:ShareCapital 2026-02-28 SC105331 ns5:ShareCapital 2025-02-28 SC105331 ns5:RetainedEarningsAccumulatedLosses 2026-02-28 SC105331 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC105331 ns5:LandBuildings 2025-03-01 2026-02-28 SC105331 ns5:PlantMachinery 2025-03-01 2026-02-28 SC105331 ns5:LandBuildings 2025-02-28 SC105331 ns5:PlantMachinery 2025-02-28 SC105331 ns5:LandBuildings 2026-02-28 SC105331 ns5:PlantMachinery 2026-02-28 SC105331 ns5:LandBuildings 2025-02-28 SC105331 ns5:PlantMachinery 2025-02-28 SC105331 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-02-28 SC105331 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-03-01 2026-02-28 SC105331 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2026-02-28 SC105331 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-02-28 SC105331 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-02-28 SC105331 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 SC105331 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2026-02-28 SC105331 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-02-28 SC105331 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2026-02-28 SC105331 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2025-02-28 SC105331 ns5:HirePurchaseContracts 2026-02-28 SC105331 ns5:HirePurchaseContracts 2025-02-28 SC105331 ns5:WithinOneYear 2026-02-28 SC105331 ns5:WithinOneYear 2025-02-28 SC105331 ns5:BetweenOneFiveYears 2026-02-28 SC105331 ns5:BetweenOneFiveYears 2025-02-28 SC105331 ns5:MoreThanFiveYears 2026-02-28 SC105331 ns5:MoreThanFiveYears 2025-02-28 SC105331 ns5:AllPeriods 2026-02-28 SC105331 ns5:AllPeriods 2025-02-28 SC105331 ns5:Secured 2026-02-28 SC105331 ns5:Secured 2025-02-28

REGISTERED NUMBER: SC105331 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Ayrshire Steels Limited

| Ayrshire Steels Limited (Registered number: SC105331) |

Contents of the Financial Statements

for the Year Ended 28 February 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Ayrshire Steels Limited |

Company Information

for the Year Ended 28 February 2026

| DIRECTORS: | Robert Baxter

| Valerie Anne Baxter

| Russell James Baxter

| SECRETARY: | Valerie Anne Baxter

| REGISTERED OFFICE: | 35 Glenburn Road

| Prestwick

| South Ayrshire

| KA9 2NS

| REGISTERED NUMBER: | SC105331 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| Westburn Business Centre

| McNee Road

| Prestwick

| KA9 2PB

| Ayrshire Steels Limited (Registered number: SC105331) |

Balance Sheet

28 February 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 84,111 |  | 66,603 |  |

CURRENT ASSETS

Stocks | 134,900 |  | 148,750 |  |

Debtors | 5 | 143,446 |  | 90,737 |  |

Cash at bank and in hand | 43,172 |  | 74,168 |  |

321,518 |  | 313,655 |  |

CREDITORS

Amounts falling due within one year | 6 | 159,404 |  | 127,642 |  |

NET CURRENT ASSETS | 162,114 |  | 186,013 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 246,225 |  | 252,616 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (17,917 | ) | (2,711 | ) |

PROVISIONS FOR LIABILITIES | (14,442 | ) | (9,672 | ) |

NET ASSETS | 213,866 |  | 240,233 |  |

CAPITAL AND RESERVES

Called up share capital | 5,000 |  | 5,000 |  |

Retained earnings | 208,866 |  | 235,233 |  |

SHAREHOLDERS' FUNDS | 213,866 |  | 240,233 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

| Ayrshire Steels Limited (Registered number: SC105331) |

Balance Sheet - continued

28 February 2026

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 and Loss Account has not been delivered.

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

Robert Baxter - Director

| Ayrshire Steels Limited (Registered number: SC105331) |

Notes to the Financial Statements

for the Year Ended 28 February 2026

1. | STATUTORY INFORMATION

| Ayrshire Steels 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The directors review the working capital requirements of the company on a regular basis , which takes account of current resources, trading performance and future order levels all with a view to ensuring that adequate funds are available to meet obligations as they fall due . Having carried out this exercise the directors are satisfied that the accounts can be prepared on a going concern basis.

| Turnover/revenue recognition

| Turnover is derived from steel products and related services supplied by the company.

| Turnover is measured at the fair value of services and products supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

| 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.

| Land and buildings | - | 20% on cost

| Plant and machinery etc | - | 25% on reducing balance and 15% on reducing balance

| Tangible fixed assets are stated at cost less depreciation.

| Impairment of fixed assets

| At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Stocks

| Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

| Taxation

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

| Ayrshire Steels Limited (Registered number: SC105331) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all 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

| Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable over the term of the lease. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account over the shorter of estimated useful economic life and the period of the lease.

| Lease payments are analysed between capital and interest components so that the interest element of the payment is charged to the profit and loss account over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.

| All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight line basis over the terms of the lease.

| Pension costs and other post-retirement benefits

| The company operates a money purchase pension scheme in the form of employee personal pension plans. The contracts are between the individual and the pension provider and all funds are held externally by a third party pension provider. Pension contributions are charged to the profit and loss account in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2025 - 6 ) .

| Ayrshire Steels Limited (Registered number: SC105331) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 March 2025 | 14,372 |  | 184,109 |  | 198,481 |  |

| Additions | - |  | 35,761 |  | 35,761 |  |

| At 28 February 2026 | 14,372 |  | 219,870 |  | 234,242 |  |

| DEPRECIATION

| At 1 March 2025 | 8,275 |  | 123,603 |  | 131,878 |  |

| Charge for year | 2,395 |  | 15,858 |  | 18,253 |  |

| At 28 February 2026 | 10,670 |  | 139,461 |  | 150,131 |  |

| NET BOOK VALUE

| At 28 February 2026 | 3,702 |  | 80,409 |  | 84,111 |  |

| At 28 February 2025 | 6,097 |  | 60,506 |  | 66,603 |  |

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

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2025 | 45,100 |  |

| Additions | 25,000 |  |

| Transfer to ownership | (21,950 | ) |

| At 28 February 2026 | 48,150 |  |

| DEPRECIATION

| At 1 March 2025 | 16,897 |  |

| Charge for year | 3,688 |  |

| Transfer to ownership | (5,830 | ) |

| At 28 February 2026 | 14,755 |  |

| NET BOOK VALUE

| At 28 February 2026 | 33,395 |  |

| At 28 February 2025 | 28,203 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 121,947 |  | 89,737 |  |

| Other debtors | 21,499 |  | 1,000 |  |

143,446 |  | 90,737 |  |

| Ayrshire Steels Limited (Registered number: SC105331) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Hire purchase contracts (see note 8) | 7,711 |  | 14,605 |  |

| Trade creditors | 99,731 |  | 77,542 |  |

| Taxation and social security | 18,766 |  | 24,004 |  |

| Other creditors | 33,196 |  | 11,491 |  |

159,404 |  | 127,642 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Hire purchase contracts (see note 8) | 17,917 |  | 2,711 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2026 | 2025 |

£ | £ |

| Net obligations repayable:

| Within one year | 7,711 |  | 14,605 |  |

| Between one and five years | 17,917 |  | 2,711 |  |

25,628 |  | 17,316 |  |

| Non-cancellable |

| operating leases |

2026 | 2025 |

£ | £ |

| Within one year | 75,559 |  | 76,713 |  |

| Between one and five years | 284,241 |  | 257,107 |  |

| In more than five years | 31,250 |  | 93,750 |  |

391,050 |  | 427,570 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Other loans | - |  | 7,342 |  |

| Hire purchase contracts | 25,628 |  | 17,316 |  |

25,628 |  | 24,658 |  |

| The hire purchase liabilities are secured over the assets being financed.