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Company No: SC738667 (Scotland)

# ALEXANDER GAULD LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2026
PAGES FOR FILING WITH THE REGISTRAR

ALEXANDER GAULD LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2026

Contents

ALEXANDER GAULD LIMITED

## BALANCE SHEET

AS AT 30 APRIL 2026
ALEXANDER GAULD LIMITED

## BALANCE SHEET (continued)

AS AT 30 APRIL 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,404,059 |  | 1,212,226
|  | 1,404,059 |  | 1,212,226
Current assets |  |  |  |
Debtors | 4 | 261,459 |  | 230,990
Cash at bank and in hand |  | 66,804 |  | 13,923
|  | 328,263 |  | 244,913
Creditors: amounts falling due within one year | 5 | ( 946,803) |  | ( 876,385)
Net current liabilities |  | (618,540) |  | (631,472)
Total assets less current liabilities |  | 785,519 |  | 580,754
Creditors: amounts falling due after more than one year | 6 | ( 578,733) |  | ( 445,570)
Provision for liabilities | 7, 8 | ( 297,068) |  | ( 274,142)
Net liabilities |  | ( 90,282) |  | ( 138,958)
Capital and reserves |  |  |  |
Called-up share capital | 9 | 100 |  | 100
Profit and loss account |  | ( 90,382 ) |  | ( 139,058 )
Total shareholder's deficit |  | ( 90,282) |  | ( 138,958)

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

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Alexander Gauld Limited (registered number: SC738667) were approved and authorised for issue by the Board of Directors on 30 July 2026. They were signed on its behalf by:

Roy Gauld Director |  | Aileen Gauld Director

ALEXANDER GAULD LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2026
ALEXANDER GAULD LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Alexander Gauld Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Druidsdale Farm, Barras, Stonehaven, AB39 2UD, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £90,282. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Employee benefits

Short term benefits
The cost 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 sales or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 2.5 - 20 % reducing balance

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 8 |  | 10

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2025 | 1,376,698 |  | 1,376,698
Additions | 431,175 |  | 431,175
Disposals | ( 151,870) |  | ( 151,870)
At 30 April 2026 | 1,656,003 |  | 1,656,003
Accumulated depreciation |  |  |
At 01 May 2025 | 164,472 |  | 164,472
Charge for the financial year | 115,739 |  | 115,739
Disposals | ( 28,267) |  | ( 28,267)
At 30 April 2026 | 251,944 |  | 251,944
Net book value |  |  |
At 30 April 2026 | 1,404,059 |  | 1,404,059
At 30 April 2025 | 1,212,226 |  | 1,212,226

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 192,319 |  | 228,234
Amounts owed by related parties | 69,140 |  | 0
Other debtors | 0 |  | 2,756
| 261,459 |  | 230,990

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 49,974 |  | 33,755
Amounts owed to related parties | 607,478 |  | 612,781
Other taxation and social security | 88,330 |  | 44,546
Obligations under finance leases and hire purchase contracts | 190,701 |  | 176,266
Other creditors | 10,320 |  | 9,037
| 946,803 |  | 876,385

Obligations under hire purchase contracts are secured over the related assets.

#### 6. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Obligations under finance leases and hire purchase contracts | 578,733 |  | 445,570

Obligations under hire purchase contracts are secured over the related assets.

#### 7. Provision for liabilities

| 2026 |  | 2025
| £ |  | £
Deferred tax | 297,068 |  | 274,142

#### 8. Deferred tax

| 2026 |  | 2025
| £ |  | £
At the beginning of financial year | ( 274,142) |  | ( 264,192)
Charged to the Profit and Loss Account | ( 22,926) |  | ( 9,950)
At the end of financial year | ( 297,068) |  | ( 274,142)

#### 9. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

| 2026 |  | 2025
| £ |  | £
Amounts owed to related party in which there is a participating interest | 607,478 |  | 628,281
Amounts owed from related party in which there is a participating interest | 69,140 |  | 15,500

Included in other creditors is a balance of £607,478 due to a related party. The balance is unsecured, interest-free and no fixed terms of repayment.