ACCOUNTS - Final Accounts preparation

Registered number: SC464652

WHYTE CARGO HANDLERS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

WHYTE CARGO HANDLERS LIMITED

COMPANY INFORMATION

Directors	W J Whyte
	J B Mullen (resigned 12 May 2025)
	A U Stevenson
	D W Whyte


Registered number	SC464652


Registered office	Montrose Harbour Office
	South Quay
	Ferryden
	Montrose
	DD10 9SL


Accountants	EQ Accountants Limited
	Chartered Accountants
	Westby
	64 West High Street
	Forfar
	Angus
	DD8 1BJ

WHYTE CARGO HANDLERS LIMITED

REGISTERED NUMBER: SC464652

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
		£		£

FIXED ASSETS
Tangible assets	4		5,228,016		4,506,901
			5,228,016		4,506,901
CURRENT ASSETS
Debtors: amounts falling due within one year	5	779,261		796,149
Bank and cash balances		2,523		148,938
		781,784		945,087
Creditors: amounts falling due within one year	6	(1,210,216)		(788,984)
NET CURRENT (LIABILITIES)/ASSETS			(428,432)		156,103
TOTAL ASSETS LESS CURRENT LIABILITIES			4,799,584		4,663,004
Creditors: amounts falling due after more than one year	7		(2,048,032)		(1,515,381)
PROVISIONS FOR LIABILITIES
Deferred tax		(591,516)		(701,223)
			(591,516)		(701,223)
NET ASSETS			2,160,036		2,446,400

CAPITAL AND RESERVES
Called up share capital	8	100	100
Profit and loss account		2,159,936	2,446,300
		2,160,036	2,446,400

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WHYTE CARGO HANDLERS LIMITED

REGISTERED NUMBER: SC464652

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 July 2026.

A U Stevenson

Director

The notes on pages 3 to 9 form part of these financial statements.

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WHYTE CARGO HANDLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

Whyte cargo Handlers Limited is a private company, limited by shares, incorporated in Scotland with registration number SC464652. The registered office is Harbour Office, South Quay, Ferryden, Montrose, DD10 9SL.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

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WHYTE CARGO HANDLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

CURRENT AND DEFERRED TAXATION

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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WHYTE CARGO HANDLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings	-	4%	reducing balance
Tenants improvements	-	20%	reducing balance
Plant and machinery	-	20%	reducing balance
Motor vehicles	-	20%	reducing balance
Fixtures and fittings	-	20%	reducing balance
Cranes	-	10%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 27 (2024 - 27).

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		WHYTE CARGO HANDLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

	4.	TANGIBLE FIXED ASSETS

	Land and buildings	Tenants improvements	Plant and machinery	Motor vehicles
	£	£	£	£
COST OR VALUATION
At 1 January 2025	551,414	17,331	1,242,746	650,178
Additions	68,359	-	95,926	145,706
Disposals	-	-	(200,500)	(71,961)
At 31 December 2025	619,773	17,331	1,138,172	723,923
DEPRECIATION
At 1 January 2025	64,365	15,624	723,169	425,997
Charge for the year on owned assets	21,989	341	111,018	59,542
Disposals	-	-	(132,999)	(33,627)
At 31 December 2025	86,354	15,965	701,188	451,912
NET BOOK VALUE
At 31 December 2025	533,419	1,366	436,984	272,011
At 31 December 2024	487,049	1,707	519,577	224,181

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WHYTE CARGO HANDLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.TANGIBLE FIXED ASSETS (CONTINUED)

	Fixtures and fittings	Cranes	Total
	£	£	£
COST OR VALUATION
At 1 January 2025	121,552	4,503,451	7,086,672
Additions	-	1,306,818	1,616,809
Disposals	(38,950)	(731,393)	(1,042,804)
At 31 December 2025	82,602	5,078,876	7,660,677
DEPRECIATION
At 1 January 2025	105,919	1,244,697	2,579,771
Charge for the year on owned assets	1,018	334,463	528,371
Disposals	(28,410)	(480,445)	(675,481)
At 31 December 2025	78,527	1,098,715	2,432,661
NET BOOK VALUE
At 31 December 2025	4,075	3,980,161	5,228,016
At 31 December 2024	15,633	3,258,754	4,506,901

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WHYTE CARGO HANDLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

DEBTORS

					2025	2024
					£	£


Trade debtors	414,073	339,142
Other debtors	364,525	457,007
Prepayments and accrued income	663	-
	779,261	796,149

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Bank overdrafts	211,829	-
Bank loan	30,000	30,000
Trade creditors	98,931	79,670
Other taxation and social security	48,976	108,738
Obligations under finance lease and hire purchase contracts	769,452	496,250
Accruals and deferred income	51,028	74,326
	1,210,216	788,984

The following liabilities were secured:
	2025	2024
	£	£


Bank loan	30,000	30,000
	30,000	30,000

Details of security provided:

The bank loan is secured against the company property.

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WHYTE CARGO HANDLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

Bank loan	160,000	190,000
Net obligations under finance leases and hire purchase contracts	1,888,032	1,325,381
	2,048,032	1,515,381

The following liabilities were secured:
	2025	2024
	£	£


Bank loan	160,000	190,000
	160,000	190,000

Details of security provided:

The bank loan is secured against the company property.

8.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

9.	DIRECTORS' BENEFITS: ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a loan to the directors totalling £103,974 (2024: £218,711). Interest at a rate of 2.25% - 3.75% has been charged and the loan is repayable on demand.

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