iso4217:GBP xbrli:pure xbrli:shares iso4217:GBP xbrli:shares SC055569 2025-12-31 SC055569 2024-12-31 SC055569 2025-01-01 2025-12-31 SC055569 2024-01-01 2024-12-31 SC055569 bus:Director1 2025-01-01 2025-12-31 SC055569 bus:SmallEntities 2025-01-01 2025-12-31 SC055569 bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC055569 bus:FilletedAccounts 2025-01-01 2025-12-31 SC055569 bus:Director1 2025-01-01 2025-12-31 SC055569 2025-01-01 2025-12-31 SC055569 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31
HAZELBANK MOTORS LIMITED
Registration Number SC055569 (Scotland)
Filleted Unaudited Financial Statements
for the year ended 31 December 2025
HAZELBANK MOTORS LIMITED
Financial Statements for the year ended 31 December 2025
BALANCE SHEET
Notes
2025 £
2024 £
Fixed assets
Tangible assets
3
731,064
733,746
Current assets
Stock
123,738
162,897
Debtors
4
14,619
7,127
Cash at bank and in hand
1,632
1,814
139,989
171,838
Creditors: amounts falling due within one year
5
151,406
158,053
Net current (liabilities) / assets
(11,417)
13,785
Total assets less current liabilities
719,647
747,531
Creditors: amounts falling due after more than one year
6
(190,986)
(219,253)
Provision for liabilities
(12,837)
(10,480)
Net assets
515,824
517,798
Capital and reserves
Called up share capital
7
83,400
83,400
Revaluation reserve
290,928
290,928
Profit and loss account
141,496
143,470
Shareholder's funds
515,824
517,798
For the year ended 31 December 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its accounts for the year ended 31 December 2025 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the Board of Directors on 7 July 2026.
_______________________
IE Coates
Director
The notes on pages 3 to 7 form part of these accounts.
Company registration number: SC055569
HAZELBANK MOTORS LIMITED
Financial Statements for the year ended 31 December 2025
NOTES TO THE FINANCIAL STATEMENTS
1. Summary of significant accounting policies
1.1 General information and basis of preparation
The financial statements have been prepared on the historical cost basis.
Hazelbank Motors Limited is a private company limited by shares, registered in Scotland. The address of the registered office and registration number are as below:
Hazelbank Motors
Lynn Road
Oban
Argyll
PA34 4PL
These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.
The nature of the company's operations and principal activities during the year was the sale of used motor vehicles and rental of commercial property.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.
1.2 Going concern
The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectations that the Company has adequate resources to continue in operational existence for the foreseeable future. On the basis they continue to adopt the going concern basis of accounting in preparing these financial statements.
1.3 Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Asset class
Useful life / depreciation rate
Plant and machinery
15% reducing balance
Fixtures and fittings
15% reducing balance
Equipment
25% reducing balance
Freehold property and property improvements are not subject to depreciation
1.4 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 stock to its present location and condition.
HAZELBANK MOTORS LIMITED
Financial Statements for the year ended 31 December 2025
NOTES TO THE FINANCIAL STATEMENTS
1.5 Financial instruments
The Company has chosen to adopt Section 11 of FRS102 in respect of financial instruments.
Other financial assets
Other financial assets, including trade debtors for goods sold to customers on short-term credit, are initially measured at the transaction price including transaction costs, and are subsequently measured at the transaction price plus transaction costs not yet recognised, cumulative interest income less repayments and impairment, where there is evidence of impairment.
Other financial liabilities
Other financial liabilities, including trade creditors, are initially measured at transaction price less transaction costs, and are subsequently measured at the transaction price less transaction costs not yet recognised in profit or loss and repayments plus cumulative interest expenses incurred.
Impairment of financial assets
At the end of each reporting period, the company assesses whether there is evidence of impairment of any financial assets, including investments, loans, trade debtors and cash. If there is evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.
1.6 Impairment of fixed assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Where the circumstances causing an impairment of an asset, other than goodwill, no longer apply, then the impairment is reversed through the profit and loss account. An impairment loss recognised for goodwill is not reversed in subsequent periods.
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
1.7 Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
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.
1.8 Tax
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.
HAZELBANK MOTORS LIMITED
Financial Statements for the year ended 31 December 2025
NOTES TO THE FINANCIAL STATEMENTS
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.
1.9 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.
1.10 Turnover and other income
Turnover is measured at the fair value of the consideration received or receivable for good supplied and services rendered, net of VAT and trade discounts.
Revenue from the sale of goods is recognised when the significant risk 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 cost incurred or to be incurred in respect of the transaction can be measured reliably.
2. Employees
The average monthly number of employees, including the director, during the year was as follows:
2025
2024
Employees
3
3
3. Tangible assets
Balances at year end and movements for the year
Freehold property £
Plant and machinery £
Fixtures and fittings £
Equipment £
Property improvements £
Total £
Cost
At 01 January 2025
701,689
77,946
28,261
18,045
9,928
835,869
Additions
-
-
-
832
-
832
At 31 December 2025
701,689
77,946
28,261
18,877
9,928
836,701
Depreciation
At 01 January 2025
-
(62,484)
(23,974)
(15,665)
-
(102,123)
Charge for the year
-
(2,318)
(643)
(553)
-
(3,514)
At 31 December 2025
-
(64,802)
(24,617)
(16,218)
-
(105,637)
Net book value
At 01 January 2025
701,689
15,462
4,287
2,380
9,928
733,746
At 31 December 2025
701,689
13,144
3,644
2,659
9,928
731,064
HAZELBANK MOTORS LIMITED
Financial Statements for the year ended 31 December 2025
NOTES TO THE FINANCIAL STATEMENTS
4. Debtors
Debtors comprise:
2025 £
2024 £
Trade debtors
14,619
7,031
Other debtors
-
96
14,619
7,127
5. Creditors: amounts falling due within one year
Creditors: amounts falling due within one year comprise:
2025 £
2024 £
Trade creditors
8,025
11,001
Other creditors
44,675
17,045
Bank loans and overdrafts
87,077
118,264
Social security and other taxes
7,963
11,743
Corporation tax
3,666
-
151,406
158,053
The bank overdraft and loan are secured by a charge over the assets of the company.
6. Creditors: amounts falling due after more than one year
Creditors: amounts falling due after more than one year comprise:
2025 £
2024 £
Bank loans and overdrafts
190,986
219,253
The bank loan is secured by a charge over the assets of the company.
7. Called up share capital
2025 Number
2024 Number
Ordinary shares of £1 each
83,400
83,400
Alloted, called up and fully paid
2025 £
2024 £
Ordinary shares of £1 each
83,400
83,400
8. Related party transactions
Included in creditors due within one year is a director's loan of £30,000 (2024: £nil). The loan is interest free and repayable on demand, although the director is not seeking immediate repayment.
Appendix - Additional XBRL Tags and Values
Accounting standards applied
[Current]
bus_SmallEntities
Accounts status, audited or unaudited
[Current]
bus_AuditExempt-NoAccountantsReport
Accounts type
[Current]
bus_FilletedAccounts
Average number of employees during the period
[Prior]
3
Average number of employees during the period
[Current]
3
Balance sheet date
[Current]
31 December 2025
Date of authorisation of financial statements for issue
[Current]
07 July 2026
Director signing Directors' Report
[Current]
bus_Director1
Director signing financial statements
[Current]
bus_Director1
End date for period covered by report
[Current]
31 December 2025
Entity current legal or registered name
[Current]
Hazelbank Motors Limited
Entity is dormant [true/false]
[Current]
false
Entity trading status
[Current]
[default]
Equity [Multiple Tags or Values]
[Prior]
744,668
Equity [Multiple Tags or Values]
[Current]
740,720
Legal form of entity
[Current]
bus_PrivateLimitedCompanyLtd
Name of entity auditors
[Current]
CT
Name of entity officer
[Current]
IE Coates
Name of individual auditor
[Current]
CT
Name of production software
[Current]
Draftworx Cloud
Start date for period covered by report
[Current]
01 January 2025
UK Companies House registered number
[Current]
SC055569
Version of production software
[Current]
2026.12.0.0