REGISTERED NUMBER: SC170206 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Spear Engineering (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr B W Montgomery

REGISTERED OFFICE:

Christian Hall

Cuminestown

Turriff

Aberdeenshire

AB53 5UE

REGISTERED NUMBER:

SC170206 (Scotland)

ACCOUNTANTS:

SBP

Accountants

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

FIXED ASSETS

Tangible assets

4

11,329

11,883

CURRENT ASSETS

Stocks

5

17,857

22,839

Debtors

6

47,837

48,729

Cash in hand

144

616

65,838

72,184

CREDITORS

Amounts falling due within one year

7

99,432

94,714

NET CURRENT LIABILITIES

(33,594

)

(22,530

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,265

)

(10,647

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(22,267

)

(10,649

)

SHAREHOLDERS' FUNDS

(22,265

)

(10,647

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2026 and were signed by:

Mr B W Montgomery - Director

1.	STATUTORY INFORMATION

Spear Engineering (Scotland) 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.

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 amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 December 2024

7,554

76,587

307

Additions

-

2,700

-

Disposals

-

(709

)

-

At 30 November 2025

7,554

78,578

307

DEPRECIATION

At 1 December 2024

755

71,733

307

Charge for year

756

1,705

-

At 30 November 2025

1,511

73,438

307

NET BOOK VALUE

At 30 November 2025

6,043

5,140

-

At 30 November 2024

6,799

4,854

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

4,600

1,143

90,191

Additions

-

-

2,700

Disposals

-

-

(709

)

At 30 November 2025

4,600

1,143

92,182

DEPRECIATION

At 1 December 2024

4,405

1,108

78,308

Charge for year

49

35

2,545

At 30 November 2025

4,454

1,143

80,853

NET BOOK VALUE

At 30 November 2025

146

-

11,329

At 30 November 2024

195

35

11,883

5.

STOCKS

30.11.25

30.11.24

£

£

Stock

14,531

21,042

Work-in-progress

3,326

1,797

17,857

22,839

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

47,435

48,473

Prepayments

402

256

47,837

48,729

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

11,839

2,639

Other loans

1,750

4,750

Trade creditors

1,304

479

Social security and other taxes

270

300

VAT

10,933

11,821

Other creditors

1,038

2,910

Directors' current accounts

70,589

69,781

Accrued expenses

1,709

2,034

99,432

94,714

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Montgomery.