REGISTERED NUMBER: SC238834 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Direct Engineering (Scotland) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D McGee

Mrs D McGee

SECRETARY:

Mrs D McGee

REGISTERED OFFICE:

Unit 9

Stuart Industrial Estate

Napier Street

Linwood

PA3 3AJ

REGISTERED NUMBER:

SC238834 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

852,323

811,572

CURRENT ASSETS

Stocks

226,524

180,745

Debtors

5

1,570,393

1,556,382

Cash at bank and in hand

1,276,550

1,269,464

3,073,467

3,006,591

CREDITORS

Amounts falling due within one year

6

(964,237

)

(1,140,157

)

NET CURRENT ASSETS

2,109,230

1,866,434

TOTAL ASSETS LESS CURRENT LIABILITIES

2,961,553

2,678,006

CREDITORS

Amounts falling due after more than one year

7

(61,548

)

(67,121

)

PROVISIONS FOR LIABILITIES

10

(199,592

)

(189,313

)

NET ASSETS

2,700,413

2,421,572

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,700,313

2,421,472

SHAREHOLDERS' FUNDS

2,700,413

2,421,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

D McGee - Director

1.	STATUTORY INFORMATION

Direct Engineering (Scotland) Ltd 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 represents the net invoiced sales of goods and services, excluding value added tax.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stock and work in progress

Stocks and work in progress are stated at the lower of cost, including an appropriate proportion of attributable overheads, and net realisable value.

Taxation

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

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Government grants

Government grants received are treated as deferred credits and credited to the profit and loss account over the estimated useful life of the relevant fixed assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2025 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

131,090

837,156

1,042,930

27,830

2,039,006

Additions

-

180,571

107,368

3,527

291,466

Disposals

-

(9,387

)

(112,321

)

-

(121,708

)

At 31 March 2026

131,090

1,008,340

1,037,977

31,357

2,208,764

DEPRECIATION

At 1 April 2025

79,590

600,889

544,590

2,365

1,227,434

Charge for year

14,566

78,703

138,064

6,783

238,116

Eliminated on disposal

-

(9,056

)

(100,053

)

-

(109,109

)

At 31 March 2026

94,156

670,536

582,601

9,148

1,356,441

NET BOOK VALUE

At 31 March 2026

36,934

337,804

455,376

22,209

852,323

At 31 March 2025

51,500

236,267

498,340

25,465

811,572

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

151,154

654,864

806,018

Additions

20,379

107,367

127,746

Transfer to ownership

(62,204

)

(520,109

)

(582,313

)

At 31 March 2026

109,329

242,122

351,451

DEPRECIATION

At 1 April 2025

38,714

263,714

302,428

Charge for year

28,110

48,467

76,577

Transfer to ownership

(36,508

)

(256,644

)

(293,152

)

At 31 March 2026

30,316

55,537

85,853

NET BOOK VALUE

At 31 March 2026

79,013

186,585

265,598

At 31 March 2025

112,440

391,150

503,590

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

827,578

821,816

Other debtors

742,815

734,566

1,570,393

1,556,382

Included within other debtors is a loan given to an associated company for the value of £650,000 (2025: £650,618). This loan is payable on demand and is interest free.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

47,781

10,000

Hire purchase contracts (see note 8)

104,906

158,183

Trade creditors

446,675

381,391

Taxation and social security

276,654

445,432

Other creditors

88,221

145,151

964,237

1,140,157

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

2,500

Hire purchase contracts (see note 8)

61,548

64,621

61,548

67,121

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

104,906

158,183

Between one and five years

61,548

64,621

166,454

222,804

Non-cancellable

operating leases

31.3.26

31.3.25

£

£

Within one year

91,800

65,008

Between one and five years

75,024

166,824

166,824

231,832

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

166,454

222,804

Hire purchase creditors are secured over the asset to which they relate.

10.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

199,592

189,313

Deferred

tax

£

Balance at 1 April 2025

189,313

Provided during year

10,279

Movement

Balance at 31 March 2026

199,592