Company registration number SC074300
JAMES HORNE OF LIMERIGG LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
PAGES FOR FILING WITH REGISTRAR
JAMES HORNE OF LIMERIGG LIMITED
COMPANY INFORMATION
Director
Mrs J W Horne
Company number
SC074300
Registered office
The Coalyard
Slamannan Road
Limerigg
Slamannan
FK1 3BN
Accountants
EQ Accountants Ltd
Unit 4B Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX
JAMES HORNE OF LIMERIGG LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Statement of financial position
3
Notes to the financial statements
4 - 9
JAMES HORNE OF LIMERIGG LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 APRIL 2026
- 1 -

The director presents her annual report and financial statements for the year ended 30 April 2026.

Principal activities

The principal activity of the company continued to be that of coal merchants.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr S W Horne
(Resigned 27 April 2026)
Mrs J W Horne
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mrs J W Horne
Director
16 July 2026
JAMES HORNE OF LIMERIGG LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF JAMES HORNE OF LIMERIGG LIMITED
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of James Horne Of Limerigg Limited for the year ended 30 April 2026 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the b oard of d irectors of James Horne Of Limerigg Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of James Horne Of Limerigg Limited and state those matters that we have agreed to state to the b oard of d irectors of James Horne Of Limerigg Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James Horne Of Limerigg Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that James Horne Of Limerigg Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of James Horne Of Limerigg Limited. You consider that James Horne Of Limerigg Limited 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 financial statements of James Horne Of Limerigg Limited. 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 f inancial statements.

EQ Accountants Ltd
Chartered Accountants
Unit 4B Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX
16 July 2026
JAMES HORNE OF LIMERIGG LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2026
30 April 2026
- 3 -
30 Apr 2026
31 May 2025
Notes
£
£
£
£
Fixed assets
Investments
4
5,198
4,915
Current assets
Debtors
5
15,354
47,225
Cash at bank and in hand
91,193
81,441
106,547
128,666
Creditors: amounts falling due within one year
6
(2,256)
(23,145)
Net current assets
104,291
105,521
Net assets
109,489
110,436
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
109,289
110,236
Total equity
109,489
110,436

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 July 2026 and are signed on its behalf by:
Mrs J W Horne
Director
Company registration number SC074300 (Scotland)
JAMES HORNE OF LIMERIGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
- 4 -
1
Accounting policies
Company information

James Horne Of Limerigg Limited is a private company limited by shares incorporated in Scotland. The registered office is The Coalyard, Slamannan Road, Limerigg, Slamannan, FK1 3BN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

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.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

JAMES HORNE OF LIMERIGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 5 -
1.2
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

JAMES HORNE OF LIMERIGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 6 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

JAMES HORNE OF LIMERIGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 7 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
1
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2025 and 30 April 2026
2,000
Amortisation and impairment
At 1 June 2025 and 30 April 2026
2,000
Carrying amount
At 30 April 2026
-
0
At 31 May 2025
-
0
4
Fixed asset investments
2026
2025
£
£
Other investments other than loans
5,198
4,915
JAMES HORNE OF LIMERIGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
4
Fixed asset investments
(Continued)
- 8 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 June 2025
4,915
Additions
283
At 30 April 2026
5,198
Carrying amount
At 30 April 2026
5,198
At 31 May 2025
4,915
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
15,354
47,225
6
Creditors: amounts falling due within one year
2026
2025
£
£
Other borrowings
-
0
21,180
Other creditors
-
0
1
Accruals and deferred income
2,256
1,964
2,256
23,145
7
Related party transactions

The following amounts were outstanding at the reporting end date:

2026
2025
Amounts due from related parties
£
£
James Horne (Wholesale) Ltd
12,929
38,479

The above loan is repayable on demand.

8
Directors' transactions

Other creditors include the following amounts which are owed to individuals who were directors of the company during the year:

JAMES HORNE OF LIMERIGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
8
Directors' transactions
(Continued)
- 9 -
2026
2025
£
£
Mr S W Horne
-
19
Mrs J W Horne
1
21,161
1
21,180

The maximum balance outstanding during the year amounted to £21,180.

The director's current account is repayable on demand.

2026-04-30 2025-06-01 false false false 16 July 2026 CCH Software CCH Accounts Production 2026.100 Mr S W Horne Mrs J W Horne SC074300 2025-06-01 2026-04-30 SC074300 bus:Director2 2025-06-01 2026-04-30 SC074300 bus:Director1 2025-06-01 2026-04-30 SC074300 bus:RegisteredOffice 2025-06-01 2026-04-30 SC074300 2026-04-30 SC074300 2025-05-31 SC074300 core:CurrentFinancialInstruments core:WithinOneYear 2026-04-30 SC074300 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 SC074300 core:ShareCapital 2026-04-30 SC074300 core:ShareCapital 2025-05-31 SC074300 core:RetainedEarningsAccumulatedLosses 2026-04-30 SC074300 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC074300 core:Goodwill 2025-06-01 2026-04-30 SC074300 2024-06-01 2025-05-31 SC074300 core:Goodwill 2025-05-31 SC074300 core:Goodwill 2026-04-30 SC074300 core:Goodwill 2025-05-31 SC074300 core:CurrentFinancialInstruments 2026-04-30 SC074300 core:CurrentFinancialInstruments 2025-05-31 SC074300 bus:PrivateLimitedCompanyLtd 2025-06-01 2026-04-30 SC074300 bus:SmallCompaniesRegimeForAccounts 2025-06-01 2026-04-30 SC074300 bus:FRS102 2025-06-01 2026-04-30 SC074300 bus:AuditExemptWithAccountantsReport 2025-06-01 2026-04-30 SC074300 bus:FullAccounts 2025-06-01 2026-04-30 xbrli:pure xbrli:shares iso4217:GBP