REGISTERED NUMBER: SC352464 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ANCO DISTRIBUTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C M Maidment

REGISTERED OFFICE:

Unit 1

Prestonhall Depot

Prestonhall Industrial Estate

Cupar

Fife

KY15 4RD

REGISTERED NUMBER:

SC352464 (Scotland)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Cluny Court

John Smith Business Park

Kirkcaldy

Fife

KY2 6QJ

FIXED ASSETS

Intangible assets

4

46,648

109,440

Tangible assets

5

74,801

64,044

121,449

173,484

CURRENT ASSETS

Stocks

893,956

847,708

Debtors

6

495,061

481,814

Cash at bank and in hand

305,357

198,781

1,694,374

1,528,303

CREDITORS

Amounts falling due within one year

7

(511,325

)

(526,245

)

NET CURRENT ASSETS

1,183,049

1,002,058

TOTAL ASSETS LESS CURRENT LIABILITIES

1,304,498

1,175,542

PROVISIONS FOR LIABILITIES

8

(18,259

)

(16,011

)

NET ASSETS

1,286,239

1,159,531

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,286,237

1,159,529

1,286,239

1,159,531

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2026 and were signed by:

C M Maidment - Director

1.	STATUTORY INFORMATION

Anco Distributors Limited 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, net of discounts and VAT. Turnover includes revenue earned from the sale of pet supplies during the year.

Turnover from the sale of pet supplies is recognised by reference to the stage of completion of the contract determined by the value of the services provided at the balance sheet date as a proportion of the total value of the engagement.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% per annum reducing balance

Fixtures and fittings

-

20% per annum reducing balance

Motor vehicles

-

25% per annum reducing balance

Computer equipment

-

33% per annum on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 27 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

190,278

AMORTISATION

At 1 January 2025

80,838

Charge for year

62,792

At 31 December 2025

143,630

NET BOOK VALUE

At 31 December 2025

46,648

At 31 December 2024

109,440

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

26,180

65,381

39,945

36,473

167,979

Additions

17,265

1,500

-

11,533

30,298

At 31 December 2025

43,445

66,881

39,945

48,006

198,277

DEPRECIATION

At 1 January 2025

14,387

36,956

21,572

31,020

103,935

Charge for year

3,921

5,936

4,593

5,091

19,541

At 31 December 2025

18,308

42,892

26,165

36,111

123,476

NET BOOK VALUE

At 31 December 2025

25,137

23,989

13,780

11,895

74,801

At 31 December 2024

11,793

28,425

18,373

5,453

64,044

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

335,968

286,903

Other debtors

159,093

194,911

495,061

481,814

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

49,085

169,546

Taxation and social security

325,188

267,735

Other creditors

137,052

88,964

511,325

526,245

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

18,259

16,011

Deferred

tax

£

Balance at 1 January 2025

16,011

Provided during year

2,248

Balance at 31 December 2025

18,259

9.	RELATED PARTY DISCLOSURES

Included in 'Other creditors' is an amount of £26,166 (2024 - £216 'Other debtors') due to the director from the company.This loan is interest free and has no fixed terms of repayment.