REGISTERED NUMBER: SC323771 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

WILLIAM KERR TRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Annabella Charlotte Kerr

Janice Anne Simpson

SECRETARY:

Annabella Charlotte Kerr

REGISTERED OFFICE:

Mosshill

By Ayr

KA6 6AJ

REGISTERED NUMBER:

SC323771 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

BANKERS:

Bank of Scotland

123 High Street

Ayr

KA7 1QP

FIXED ASSETS

Tangible assets

4

330,002

341,342

CURRENT ASSETS

Stocks

151,790

104,502

Debtors

5

87,668

86,077

Cash at bank and in hand

23,826

22,783

263,284

213,362

CREDITORS

Amounts falling due within one year

6

307,647

291,190

NET CURRENT LIABILITIES

(44,363

)

(77,828

)

TOTAL ASSETS LESS CURRENT LIABILITIES

285,639

263,514

CREDITORS

Amounts falling due after more than one year

7

-

(7,500

)

PROVISIONS FOR LIABILITIES

(1,258

)

(2,047

)

NET ASSETS

284,381

253,967

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

284,281

253,867

SHAREHOLDERS' FUNDS

284,381

253,967

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2026 and were signed on its behalf by:

Annabella Charlotte Kerr - Director

1.	STATUTORY INFORMATION

William Kerr Tractors 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised under tangible fixed assets in the balance sheet and depreciated over their estimated useful lives. The interest element of the rental obligations is charged to the profit and loss account over the period of the contract and represents a constant proportion of the balance of capital outstanding.

Rentals payable on operating leases are charged to income on a straight line basis over the term of the agreement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

359,314

80,156

439,470

Additions

-

820

820

Disposals

-

(23,349

)

(23,349

)

At 31 October 2025

359,314

57,627

416,941

DEPRECIATION

At 1 November 2024

28,745

69,383

98,128

Charge for year

7,186

1,467

8,653

Eliminated on disposal

-

(19,842

)

(19,842

)

At 31 October 2025

35,931

51,008

86,939

NET BOOK VALUE

At 31 October 2025

323,383

6,619

330,002

At 31 October 2024

330,569

10,773

341,342

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

86,877

86,070

Other debtors

791

7

87,668

86,077

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,768

15,652

Trade creditors

191,297

164,221

Taxation and social security

17,901

11,458

Other creditors

78,681

99,859

307,647

291,190

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

7,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Annabella Charlotte Kerr.

Director Annabella Charlotte Kerr exercised immediate and ultimate control as she held 75% of the issued share capital of the company.