REGISTERED NUMBER: SC488649 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Subcold Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L J F Mclean

D Mclean

REGISTERED OFFICE:

28/2 Firth Road

Houstoun Industrial Estate

Livingston

EH54 5DJ

REGISTERED NUMBER:

SC488649 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Tangible assets

4

196,870

154,137

CURRENT ASSETS

Stocks

698,774

598,675

Debtors

5

374,861

604,956

Cash at bank

5,659,716

4,253,903

6,733,351

5,457,534

CREDITORS

Amounts falling due within one year

6

842,378

612,093

NET CURRENT ASSETS

5,890,973

4,845,441

TOTAL ASSETS LESS CURRENT LIABILITIES

6,087,843

4,999,578

CREDITORS

Amounts falling due after more than one year

7

(61,794

)

(77,561

)

PROVISIONS FOR LIABILITIES

(20,743

)

-

NET ASSETS

6,005,306

4,922,017

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

6,005,305

4,922,016

6,005,306

4,922,017

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by:

D Mclean - Director

1.	STATUTORY INFORMATION

Subcold 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.

Turnover

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

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

-

20% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

20% on reducing balance

An impairment review of assets was carried out at the year end, and no signs of impairment were noted.

Stocks

Stocks are stated 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. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

62,962

189,314

11,668

263,944

Additions

12,859

89,750

5,089

107,698

Disposals

-

(97,033

)

-

(97,033

)

At 31 December 2025

75,821

182,031

16,757

274,609

DEPRECIATION

At 1 January 2025

14,982

89,750

5,075

109,807

Charge for year

12,202

19,952

1,945

34,099

Eliminated on disposal

-

(66,167

)

-

(66,167

)

At 31 December 2025

27,184

43,535

7,020

77,739

NET BOOK VALUE

At 31 December 2025

48,637

138,496

9,737

196,870

At 31 December 2024

47,980

99,564

6,593

154,137

An impairment review of assets was carried out at the year end, and no signs of impairment were noted.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

318,397

571,463

Other debtors

56,464

33,493

374,861

604,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

7,884

-

Trade creditors

88,318

231,665

Taxation and social security

595,486

416,924

Other creditors

150,690

(36,496

)

842,378

612,093

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

61,794

-

Other creditors

-

77,561

61,794

77,561