REGISTERED NUMBER: SC237670 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

V Twin Brands Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W G Gordon

REGISTERED OFFICE:

Unit 16

31 Gordon Avenue

Hillington Park

Glasgow

G52 4TG

REGISTERED NUMBER:

SC237670 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Intangible assets

4

1,769

2,359

Tangible assets

5

61,771

21,309

63,540

23,668

CURRENT ASSETS

Stocks

600,835

456,402

Debtors

6

852,167

891,103

Cash at bank and in hand

52,385

2,669

1,505,387

1,350,174

CREDITORS

Amounts falling due within one year

7

(2,295,706

)

(1,634,898

)

NET CURRENT LIABILITIES

(790,319

)

(284,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(726,779

)

(261,056

)

CAPITAL AND RESERVES

Called up share capital

400

400

Share premium

7,499,002

7,499,002

Retained earnings

(8,226,181

)

(7,760,458

)

SHAREHOLDERS' FUNDS

(726,779

)

(261,056

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2026 and were signed by:

W G Gordon - Director

1.	STATUTORY INFORMATION

V Twin Brands 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.

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 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.

The accounts have been prepared on a going concern basis. The director believes that the company has adequate resources to continue trading.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets

Amortisation is provided on computer software at the following annual rate -25% on reducing balance.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

293,851

AMORTISATION

At 1 April 2024

291,492

Charge for year

590

At 31 March 2025

292,082

NET BOOK VALUE

At 31 March 2025

1,769

At 31 March 2024

2,359

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

107,337

Additions

59,145

Disposals

(18,000

)

At 31 March 2025

148,482

DEPRECIATION

At 1 April 2024

86,028

Charge for year

17,986

Eliminated on disposal

(17,303

)

At 31 March 2025

86,711

NET BOOK VALUE

At 31 March 2025

61,771

At 31 March 2024

21,309

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

17,492

12,723

Other debtors

834,675

878,380

852,167

891,103

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

20,074

32,948

Taxation and social security

5,368

14,485

Other creditors

2,270,264

1,587,465

2,295,706

1,634,898

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the period, the company owed the director £2,248,152 (2024: £1,558,152). The loan, which is included in other creditors, is interest free and repayable on demand.