Scrap A Car Scotland.com Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC535292 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Scrap A Car Scotland.com Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Mr Lindsay Craft

Mr Brad Mcwatt

REGISTERED OFFICE:

Scrap A Car Scotland Strathore Road

Thonton

Kirkcaldy

KY1 4DF

REGISTERED NUMBER:

SC535292 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

1,686,738

1,347,431

CURRENT ASSETS

Stocks

118,743

Debtors

5

701,349

1,107,977

Cash at bank

281,051

394,912

1,101,143

1,621,632

CREDITORS

Amounts falling due within one year

6

1,035,383

923,791

NET CURRENT ASSETS

65,760

697,841

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,752,498

2,045,272

CREDITORS

Amounts falling due after more than one year

7

(671,710

)

(503,062

)

PROVISIONS FOR LIABILITIES

(431,882

)

(162,112

)

NET ASSETS

648,906

1,380,098

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

648,806

1,379,998

648,906

1,380,098

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2026 and were signed on its behalf by:

Mr Lindsay Craft - Director

1.	STATUTORY INFORMATION

Scrap A Car Scotland.com 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

50% on cost, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks

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

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

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 56 (2024 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 December 2024

196,167

1,853,681

2,049,848

Additions

-

759,045

At 30 November 2025

196,167

2,612,726

2,808,893

DEPRECIATION

At 1 December 2024

20,221

682,196

702,417

Charge for year

3,923

415,815

419,738

At 30 November 2025

24,144

1,098,011

1,122,155

NET BOOK VALUE

At 30 November 2025

172,023

1,514,715

1,686,738

At 30 November 2024

175,946

1,171,485

1,347,431

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

348,783

452,311

Other debtors

352,566

655,666

701,349

1,107,977

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

5,000

10,000

Hire purchase contracts

304,759

166,151

Trade creditors

346,836

241,346

Taxation and social security

239,195

230,761

Other creditors

139,593

275,533

1,035,383

923,791

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

Bank loans

-

7,126

Hire purchase contracts

671,710

495,936

671,710

503,062

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

11 February 2026