REGISTERED NUMBER: SC046752 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

EUROSCOT ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J F Rorison

Mrs J L Rorison

SECRETARY:

Mrs J L Rorison

REGISTERED OFFICE:

2-6 Earl Haig Road

Hillington Park

Glasgow

G52 4JU

REGISTERED NUMBER:

SC046752 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

SOLICITORS:

Miller, Beckett & Jackson

190 St Vincent Street

Glasgow

G2 5SP

FIXED ASSETS

Tangible assets

4

2,313,722

1,423,108

CURRENT ASSETS

Stocks

369,633

289,547

Debtors

5

1,201,775

1,096,265

Cash at bank

24,126

83,884

1,595,534

1,469,696

CREDITORS

Amounts falling due within one year

6

1,001,924

698,088

NET CURRENT ASSETS

593,610

771,608

TOTAL ASSETS LESS CURRENT LIABILITIES

2,907,332

2,194,716

CREDITORS

Amounts falling due after more than one year

7

(1,150,859

)

(637,523

)

PROVISIONS FOR LIABILITIES

10

(292,799

)

(292,799

)

ACCRUALS AND DEFERRED INCOME

(558,994

)

(250,459

)

NET ASSETS

904,680

1,013,935

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

894,680

1,003,935

SHAREHOLDERS' FUNDS

904,680

1,013,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 31 August 2026 and were signed on its behalf by:

J F Rorison - Director

1.	STATUTORY INFORMATION

Euroscot Engineering 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.

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 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 the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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.

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.

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.

Grants

Capital grants received towards the cost of tangible fixed assets are included in creditors as deferred income and credited to the income statement over the life of the related asset.

Grants of a revenue nature are recognised in the income statement to match the related expenditure and when the conditions for receipt are met.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 September 2024

-

3,043,468

3,043,468

Additions

220,506

1,001,216

1,221,722

At 31 August 2025

220,506

4,044,684

4,265,190

Depreciation

At 1 September 2024

-

1,620,360

1,620,360

Charge for year

22,050

309,058

331,108

At 31 August 2025

22,050

1,929,418

1,951,468

Net book value

At 31 August 2025

198,456

2,115,266

2,313,722

At 31 August 2024

-

1,423,108

1,423,108

Assets held under HP agreements amount to cost £2,195,545 (2024 - £1,391,684), aggregate depreciation £619,307 (2024 - £499,418) and a net book value of £1,576,238 (2024 - £892,226).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

547,484

504,024

Amounts owed by group undertakings

418,311

312,997

Other debtors

235,980

279,244

1,201,775

1,096,265

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

4,167

10,000

Hire purchase contracts (see note 8)

373,686

241,044

Trade creditors

339,910

204,138

Taxation and social security

129,028

148,161

Other creditors

155,133

94,745

1,001,924

698,088

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

6,667

Hire purchase contracts (see note 8)

946,042

394,649

Other creditors

204,817

236,207

1,150,859

637,523

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

373,686

241,044

Between one and five years

946,042

394,649

1,319,728

635,693

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts

1,319,728

635,693

Hire purchase creditors are secured against the specific assets financed.

Other loans are secured by a bond and floating charge, subject to a ranking agreement.

10.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

292,799

292,799

Deferred

tax

£

Balance at 1 September 2024

292,799

Balance at 31 August 2025

292,799

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

J F Rorison and Mrs J L Rorison

Balance outstanding at start of year

51,125

62,414

Amounts advanced

3,165

1,125

Amounts repaid

(1,125

)

(12,414

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,165

51,125

Interest has been charged at 2.25% and 3.75 %on the average overdrawn balance.

12.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors, J F Rorison and Mrs J L Rorison by virtue of their shareholding in the parent company, RDP (Ayr) Ltd.