REGISTERED NUMBER: SC248431 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SHEWALTON CAR SPARES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Kyle

Mr S Foster

Mrs W Kyle

Mrs K Foster

REGISTERED OFFICE:

3 Metcalfe Place

Oldhall West Industrial Estate

Irvine

Ayrshire

KA11 5DF

REGISTERED NUMBER:

SC248431 (Scotland)

ACCOUNTANTS:

Galbraith Pritchards

20 Barns Street

Ayr

Ayrshire

KA7 1XA

FIXED ASSETS

Tangible assets

4

71,837

74,222

CURRENT ASSETS

Stocks

31,800

30,000

Cash at bank and in hand

43,600

39,128

75,400

69,128

CREDITORS

Amounts falling due within one year

5

50,673

28,685

NET CURRENT ASSETS

24,727

40,443

TOTAL ASSETS LESS CURRENT LIABILITIES

96,564

114,665

PROVISIONS FOR LIABILITIES

6,045

6,045

NET ASSETS

90,519

108,620

CAPITAL AND RESERVES

Called up share capital

6

100

100

Revaluation reserve

7

14,099

14,099

Retained earnings

7

76,320

94,421

SHAREHOLDERS' FUNDS

90,519

108,620

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

Mrs K Foster - Director

1.	STATUTORY INFORMATION

Shewalton Car Spares 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.

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 as modified by the revaluation of certain assets.

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 has been fully amortised in the current year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Leasehold improvements

-

5% on cost

Plant and machinery

-

At variable rates

Motor vehicles

-

At variable rates

Computer equipment

-

25% on reducing balance

A review of impairment is carried out at each reporting date. Where the carrying value differs from the recoverable amount the asset is impaired accordingly.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2025

86,391

55,354

21,000

3,084

165,829

Disposals

-

-

-

(1,431

)

(1,431

)

At 31 March 2026

86,391

55,354

21,000

1,653

164,398

DEPRECIATION

At 1 April 2025

76,861

12,254

-

2,492

91,607

Charge for year

2,018

-

-

74

2,092

Eliminated on disposal

-

-

-

(1,138

)

(1,138

)

At 31 March 2026

78,879

12,254

-

1,428

92,561

NET BOOK VALUE

At 31 March 2026

7,512

43,100

21,000

225

71,837

At 31 March 2025

9,530

43,100

21,000

592

74,222

Cost or valuation at 31 March 2026 is represented by:

Leasehold

Plant and

Motor

Computer

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2023

86,391

55,354

21,000

1,653

164,398

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Tax

18,797

2,873

Social security and other taxes

1,589

2,104

VAT

11,070

13,248

Directors' current accounts

15,033

5,980

Trade creditors & accruals

4,184

4,480

50,673

28,685

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/26

31/3/25

value:

£

£

100

Ordinary

1.00

100

100

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2025

94,421

14,099

108,520

Profit for the year

63,899

63,899

Dividends

(82,000

)

(82,000

)

At 31 March 2026

76,320

14,099

90,419