Company Registration No. SC089898 (Scotland)
Wooleys of Arran Limited
Unaudited accounts
for the year ended 31 December 2025
Wooleys of Arran Limited
Unaudited accounts
Contents
Wooleys of Arran Limited
Company Information
for the year ended 31 December 2025
Company Number
SC089898 (Scotland)
Registered Office
James Campbell & Co Solicitors
Brodick
Isle of Arran
Isle of Arran
KA27 8AJ
Scotland
Accountants
Arran Accountancy Limited
Alexanders
Brodick
Isle of Arran
KA27 8HF
Wooleys of Arran Limited
Statement of financial position
as at 31 December 2025
Tangible assets
70,811
67,661
Cash at bank and in hand
36,251
21,913
Creditors: amounts falling due within one year
(129,369)
(111,109)
Net current assets/(liabilities)
11,988
(13,751)
Total assets less current liabilities
82,799
53,910
Creditors: amounts falling due after more than one year
(16,536)
(26,193)
Provisions for liabilities
Deferred tax
(12,877)
(12,071)
Called up share capital
15,000
15,000
Profit and loss account
38,386
646
Shareholders' funds
53,386
15,646
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 4 August 2026 and were signed on its behalf by
A G M Keir
Director
Company Registration No. SC089898
Wooleys of Arran Limited
Notes to the Accounts
for the year ended 31 December 2025
Wooleys of Arran Limited is a private company, limited by shares, registered in Scotland, registration number SC089898. The registered office is James Campbell & Co Solicitors, Brodick, Isle of Arran, Isle of Arran, KA27 8AJ, Scotland.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
over 20 years
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. 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. In this case tax is also recognised in other comprehensive income or directly in equity respectively.
Current or deferred taxation assets and liabilities are not discounted.
i) Current Tax:
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
ii) Deferred Tax:
Wooleys of Arran Limited
Notes to the Accounts
for the year ended 31 December 2025
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only 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 tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
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Intangible fixed assets
Goodwill
At 31 December 2025
20,000
At 31 December 2025
20,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
65,848
242,037
31,703
339,588
Additions
886
5,544
10,193
16,623
At 31 December 2025
66,734
247,581
41,896
356,211
At 1 January 2025
52,485
196,921
22,521
271,927
Charge for the year
1,565
7,064
4,844
13,473
At 31 December 2025
54,050
203,985
27,365
285,400
At 31 December 2025
12,684
43,596
14,531
70,811
At 31 December 2024
13,363
45,116
9,182
67,661
Raw materials
30,951
23,195
Wooleys of Arran Limited
Notes to the Accounts
for the year ended 31 December 2025
Amounts falling due within one year
Trade debtors
43,565
29,988
Accrued income and prepayments
249
1,683
Other debtors
28,791
17,247
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
52,856
67,127
Obligations under finance leases and hire purchase contracts
4,005
1,800
Trade creditors
25,642
29,686
Taxes and social security
13,919
8,730
Loans from directors
-
2,363
9
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
8,039
5,999
10
Average number of employees
During the year the average number of employees was 23 (2024: 23).