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Company Registration No. SC264274 (Scotland)
Angus Lambie Motor Engineers Limited Unaudited accounts for the year ended 31 March 2026
Angus Lambie Motor Engineers Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Angus Lambie Motor Engineers Limited Company Information for the year ended 31 March 2026
Directors
Angus Lambie Sean MacDougall
Company Number
SC264274 (Scotland)
Registered Office
Arran Accountants Alexanders Brodick Isle of Arran KA27 8AJ
Accountants
Arran Accountancy Limited Alexanders Brodick Isle of Arran KA27 8HF
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Angus Lambie Motor Engineers Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
5
327,095
229,341
Current assets
Inventories
22,022
22,022
Debtors
6
346,789
12,066
Cash at bank and in hand
97,960
120,914
466,771
155,002
Creditors: amounts falling due within one year
7
(388,871)
(101,601)
Net current assets
77,900
53,401
Total assets less current liabilities
404,995
282,742
Creditors: amounts falling due after more than one year
8
(92,641)
(47,933)
Provisions for liabilities
Deferred tax
(62,148)
(43,575)
Net assets
250,206
191,234
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
250,204
191,232
Shareholders' funds
250,206
191,234
For the year ending 31 March 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by
Angus Lambie Director Company Registration No. SC264274
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Angus Lambie Motor Engineers Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Angus Lambie Motor Engineers Limited is a private company, limited by shares, registered in Scotland, registration number SC264274. The registered office is Arran Accountants, Alexanders, Brodick , Isle of Arran , KA27 8AJ.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Current year tax
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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Angus Lambie Motor Engineers Limited Notes to the Accounts for the year ended 31 March 2026
4
Intangible fixed assets
Other
£
Cost
At 1 April 2025
30,000
At 31 March 2026
30,000
Amortisation
At 1 April 2025
30,000
At 31 March 2026
30,000
Net book value
At 31 March 2026
-
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
75,528
340,803
416,331
Additions
8,467
150,000
158,467
At 31 March 2026
83,995
490,803
574,798
Depreciation
At 1 April 2025
61,947
125,043
186,990
Charge for the year
3,648
57,065
60,713
At 31 March 2026
65,595
182,108
247,703
Net book value
At 31 March 2026
18,400
308,695
327,095
At 31 March 2025
13,581
215,760
229,341
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
12,061
12,066
Accrued income and prepayments
7,224
-
19,285
12,066
Amounts falling due after more than one year
Other debtors
327,504
-
- 6 -
Angus Lambie Motor Engineers Limited Notes to the Accounts for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
248,377
5,895
VAT
9,783
7,282
Obligations under finance leases and hire purchase contracts
63,580
40,232
Trade creditors
92,440
18,419
Taxes and social security
12,077
26,482
Other creditors
334
1,515
Loans from directors
(39,178)
451
Accruals
1,458
1,325
388,871
101,601
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
982
Obligations under finance leases and hire purchase contracts
92,641
46,951
92,641
47,933
9
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 6 (2025: 6).
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