S1 Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC550318

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		180,024		220,524

			180,024		220,524
CURRENT ASSETS
Debtors	5	500		500
Cash at bank and in hand		7,109		2,251

		7,609		2,751
Creditors: Amounts Falling Due Within One Year	6	(349,717 )		(407,143 )

NET CURRENT ASSETS (LIABILITIES)			(342,108 )		(404,392 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(162,084 )		(183,868 )

Creditors: Amounts Falling Due After More Than One Year	7		(1,667 )		(667 )

NET LIABILITIES			(163,751 )		(184,535 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(163,851 )		(184,635 )

SHAREHOLDERS' FUNDS			(163,751)		(184,535)

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S1 Holdings Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Ferrier

Director

15/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

S1 Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC550318 . The registered office is Ferrier House, 1 Gleddoch View, Dumbarton, West Dunbartonshire, G82 4BL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No Depreciation
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2025	59,324	471,965	25,612	1,960	558,861

As at 31 December 2025	59,324	471,965	25,612	1,960	558,861

Depreciation
As at 1 January 2025	-	321,915	15,112	1,310	338,337
Provided during the period	-	40,350	-	150	40,500

As at 31 December 2025	-	362,265	15,112	1,460	378,837

...CONTINUED

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S1 Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	59,324	109,700	10,500	500	180,024

As at 1 January 2025	59,324	150,050	10,500	650	220,524

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	500	500

included in other debtors is £500 in respect of prepayments

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(4,487 )	4,249
Other loans	261,917	65,917
VAT	2,335	3,131
Accruals	1,500	1,500
Director's loan account	88,452	332,346

	349,717	407,143

Other Loans:

Included in other loans are

Amount due To S1 Storage Ltd £26000 2024 was £29000

Amount due to T Lorimer £26917 2024 was £43917

Amount due from Steel Boc Holdings Ltd £1000 was £7000

Amount due to Up 4 Let £210000 2024 was £230000

Included in other Creditors are

Directors Loan £ o 2024 ws £102346

Up 4 Let Loan £ 0 was £230000

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,667	667

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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