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Company Registration No. SC126791 (Scotland)
Aero Leather Clothing Ltd. Unaudited accounts for the year ended 31 October 2025
Aero Leather Clothing Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Aero Leather Clothing Ltd. Company Information for the year ended 31 October 2025
Directors
K Calder L Calder D Calder H Calder H Tsuchiya
Company Number
SC126791 (Scotland)
Registered Office
Greenbank Woollen Mill Huddersfield Street Galashiels Scotland TD1 3AY
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Aero Leather Clothing Ltd. Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
11,222
20,034
Tangible assets
5
21,340
14,376
32,562
34,410
Current assets
Inventories
300,897
299,633
Debtors
247,978
171,747
Cash at bank and in hand
37,544
94,120
586,419
565,500
Creditors: amounts falling due within one year
(142,203)
(146,083)
Net current assets
444,216
419,417
Total assets less current liabilities
476,778
453,827
Provisions for liabilities
Deferred tax
(3,655)
-
Net assets
473,123
453,827
Capital and reserves
Called up share capital
4,000
4,000
Profit and loss account
469,123
449,827
Shareholders' funds
473,123
453,827
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2026 and were signed on its behalf by
K Calder Director Company Registration No. SC126791
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Aero Leather Clothing Ltd. Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Aero Leather Clothing Ltd. is a private company, limited by shares, registered in Scotland, registration number SC126791. The registered office is Greenbank Woollen Mill, Huddersfield Street, Galashiels, Scotland, TD1 3AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Fixtures & fittings
15% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill, patents, trade marks and capitalised website costs) are included at cost less accumulated amortisation. All intangible fixed assets are being amortised over 5 years.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Aero Leather Clothing Ltd. Notes to the Accounts for the year ended 31 October 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Total
£
Cost
At 1 November 2024
144,056
At 31 October 2025
144,056
Amortisation
At 1 November 2024
124,022
Charge for the year
8,812
At 31 October 2025
132,834
Net book value
At 31 October 2025
11,222
At 31 October 2024
20,034
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 November 2024
82,993
Additions
13,920
Disposals
(1,124)
At 31 October 2025
95,789
Depreciation
At 1 November 2024
68,617
Charge for the year
6,846
On disposals
(1,014)
At 31 October 2025
74,449
Net book value
At 31 October 2025
21,340
At 31 October 2024
14,376
6
Average number of employees
During the year the average number of employees was 27 (2024: 27).
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