REGISTERED NUMBER: SC185220 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

P. LAYDEN & SON LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss J Coogans

Mrs L A Wilkie

SECRETARY:

Miss J Coogans

REGISTERED OFFICE:

North Walton Farm Craigton Road

Newton Mearns

Glasgow

G77 6QG

REGISTERED NUMBER:

SC185220 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

254,785

185,654

CURRENT ASSETS

Stocks

5

356,510

616,548

Debtors

6

357,797

396,944

Cash at bank and in hand

11,742

82,002

726,049

1,095,494

CREDITORS

Amounts falling due within one year

7

983,415

851,482

NET CURRENT (LIABILITIES)/ASSETS

(257,366

)

244,012

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,581

)

429,666

CREDITORS

Amounts falling due after more than one year

8

(58,383

)

(5,813

)

PROVISIONS FOR LIABILITIES

-

(35,274

)

NET (LIABILITIES)/ASSETS

(60,964

)

388,579

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(60,966

)

388,577

SHAREHOLDERS' FUNDS

(60,964

)

388,579

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 31 August 2026 and were signed on its behalf by:

Miss J Coogans - Director

Mrs L A Wilkie - Director

1.	STATUTORY INFORMATION

P. Layden & Son Ltd. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

56,312

51,345

238,228

345,885

Additions

40,107

-

124,975

165,082

Disposals

-

-

(88,302

)

(88,302

)

At 30 November 2025

96,419

51,345

274,901

422,665

DEPRECIATION

At 1 December 2024

8,447

9,959

141,825

160,231

Charge for year

13,196

6,208

48,277

67,681

Eliminated on disposal

-

-

(60,032

)

(60,032

)

At 30 November 2025

21,643

16,167

130,070

167,880

NET BOOK VALUE

At 30 November 2025

74,776

35,178

144,831

254,785

At 30 November 2024

47,865

41,386

96,403

185,654

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

124,975

At 30 November 2025

124,975

DEPRECIATION

Charge for year

31,244

At 30 November 2025

31,244

NET BOOK VALUE

At 30 November 2025

93,731

5.

STOCKS

30.11.25

30.11.24

£

£

Stocks

140,000

120,000

Work-in-progress

216,510

496,548

356,510

616,548

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

310,920

245,216

Tax

-

44,958

VAT

46,270

105,736

Prepayments and accrued income

607

1,034

357,797

396,944

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

5,824

10,020

Hire purchase contracts

25,948

-

Trade creditors

216,199

399,446

Social security and other taxes

26,225

35,475

Other creditors

686,308

403,380

Accrued expenses

22,911

3,161

983,415

851,482

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-2 years

-

5,813

Hire purchase contracts

58,383

-

58,383

5,813

9.	RELATED PARTY DISCLOSURES

Included in other creditors is £672,955 (2024- £392,146) owed to related parties. The maximum amount outstanding was £392,146 during the year.