Registration number: SC237682

John Syme & Co. Ltd.

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9
Accountants' Report	10

John Syme & Co. Ltd.

Company Information

Directors

Mrs D P Fullerton Scobbie Mr D Scobbie

Company secretary

Mrs D P Fullerton Scobbie

Registered office

19 Willow Grove West Myreton Menstrie Clacks FK11 7DQ

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

John Syme & Co. Ltd.

(Registration number: SC237682)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	59,836	73,520
Current assets
Stocks	6	35,500	25,800
Debtors	7	81,689	63,093
		117,189	88,893
Creditors: Amounts falling due within one year	11	(118,821)	(96,152)
Net current liabilities		(1,632)	(7,259)
Total assets less current liabilities		58,204	66,261
Creditors: Amounts falling due after more than one year	11	(50,473)	(59,394)
Provisions for liabilities		(7,559)	(6,552)
Net assets		172	315
Capital and reserves
Called up share capital		2	2
Retained earnings		170	313
Shareholders' funds		172	315

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 June 2026 and signed on its behalf by:
 

......................................... Mrs D P Fullerton Scobbie Company secretary and director

John Syme & Co. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

John Syme & Co. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	Straight line at 10%
Improvements to property	Reducing balance at 25%
Plant and machinery	Reducing balance at 25%
Furniture and fittings	Reducing balance at 25%
Office equipment	Straight line at 33%
Motor Vehicles	Straight line at 25%

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line at 20%

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

John Syme & Co. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	4,000	4,000
At 31 October 2025	4,000	4,000
Amortisation
At 1 November 2024	4,000	4,000
At 31 October 2025	4,000	4,000
Carrying amount
At 31 October 2025	-	-

5	Tangible assets

	Land and buildings £	Improvements to property  £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 November 2024	16,250	8,974	3,038	89,684
Additions	-	-	-	17,501
At 31 October 2025	16,250	8,974	3,038	107,185
Depreciation
At 1 November 2024	16,250	8,904	2,986	52,704
Charge for the year	-	17	13	19,756
At 31 October 2025	16,250	8,921	2,999	72,460
Carrying amount
At 31 October 2025	-	53	39	34,725
At 31 October 2024	-	70	52	36,980

John Syme & Co. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	5,362	48,557	171,865
Additions	1,112	-	18,613
At 31 October 2025	6,474	48,557	190,478
Depreciation
At 1 November 2024	5,362	12,139	98,345
Charge for the year	371	12,140	32,297
At 31 October 2025	5,733	24,279	130,642
Carrying amount
At 31 October 2025	741	24,278	59,836
At 31 October 2024	-	36,418	73,520

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	35,500	25,800

7

Debtors

Current	2025 £	2024 £
Trade debtors	19,347	23,088
Other debtors	62,342	40,005
	81,689	63,093

John Syme & Co. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	50,473	59,394

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	7,574
Bank overdrafts	20,446	18,771
Hire purchase contracts	25,957	24,957
	46,403	51,302

John Syme & Co. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
 

	2025  £	2024  £
	-	-

10	Related party transactions

Transactions with directors Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2025	At 1 November 2024 £	Advances to director £	At 31 October 2025 £
Mr D Scobbie
Loan	29,587	16,699	46,286

2024	At 1 November 2023 £	Repayments by director £	At 31 October 2024 £
Mr D Scobbie
Loan	31,721	(2,135)	29,587

John Syme & Co. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Included within other creditors is an inter-company balance totalling £7,749 (2024: £7,749) due to Kestral Controls Ltd, a company under the control of a close family member of David Buchanan Scobbie .

 

11

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	46,403	51,302
Trade creditors		47,859	30,152
Taxation and social security		15,560	6,949
Other creditors		8,999	7,749
		118,821	96,152

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	50,473	59,394

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
John Syme & Co. Ltd.
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of John Syme & Co. Ltd. for the year ended 31 October 2025 as set out on pages 2 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of John Syme & Co. Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of John Syme & Co. Ltd. and state those matters that we have agreed to state to the Board of Directors of John Syme & Co. Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Syme & Co. Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that John Syme & Co. Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of John Syme & Co. Ltd.. You consider that John Syme & Co. Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of John Syme & Co. Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

9 June 2026