Autocare (Inverness) Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Autocare (Inverness) Limited for the year ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Autocare (Inverness) Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Autocare (Inverness) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Autocare (Inverness) Limited and state those matters that we have agreed to state to the directors of Autocare (Inverness) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Autocare (Inverness) Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Autocare (Inverness) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Autocare (Inverness) Limited . You consider that Autocare (Inverness) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Autocare (Inverness) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

2 September 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Autocare (Inverness) Limited

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: SC203216

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		47,025		52,521
Investment Properties	5		185,580		-

			232,605		52,521
CURRENT ASSETS
Stocks		22,941		19,897
Debtors	6	74,965		94,135
Cash at bank and in hand		56,641		135,581

		154,547		249,613
Creditors: Amounts Falling Due Within One Year	7	(133,277 )		(105,114 )

NET CURRENT ASSETS (LIABILITIES)			21,270		144,499

TOTAL ASSETS LESS CURRENT LIABILITIES			253,875		197,020

Creditors: Amounts Falling Due After More Than One Year	8		(833 )		(5,833 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(11,756 )		(13,130 )

NET ASSETS			241,286		178,057

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			241,186		177,957

SHAREHOLDERS' FUNDS			241,286		178,057

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Autocare (Inverness) Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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.

The financial statements were approved by the board of directors on 2 September 2026 and were signed on its behalf by:

Mr G Johnston

Director

The notes on pages 4 to 8 form part of these financial statements.

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Autocare (Inverness) Limited

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Autocare (Inverness) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC203216 . The registered office is Unit 3, 15 Lotland Street, Inverness, IV1 1ST.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

2.3. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

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:

Plant & Machinery	20% on cost
Motor Vehicles	25% reducing balance
Website	25% on cost
Computer Equipment	25% on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on these adjustments at the rate expected to apply when the properties are sold.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Autocare (Inverness) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 10)

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Autocare (Inverness) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Website	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	92,019	55,252	1,725	8,527	157,523
Additions	5,879	-	-	5,617	11,496
Disposals	-	(4,246 )	-	-	(4,246 )

As at 31 January 2026	97,898	51,006	1,725	14,144	164,773

Depreciation
As at 1 February 2025	77,780	20,391	1,725	5,106	105,002
Provided during the period	4,867	8,716	-	2,345	15,928
Disposals	-	(3,182 )	-	-	(3,182 )

As at 31 January 2026	82,647	25,925	1,725	7,451	117,748

Net Book Value
As at 31 January 2026	15,251	25,081	-	6,693	47,025

As at 1 February 2025	14,239	34,861	-	3,421	52,521

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor Vehicles	19,353	25,804

5. Investment Property

	2026
	£
Fair Value
As at 1 February 2025	-
Additions	185,580

As at 31 January 2026	185,580

Investment property was valued on an open market basis on 31 January 2026 by the directors.

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	36,492	58,068
Prepayments and accrued income	12,032	4,568
Other debtors	16,860	16,860
Directors' loan accounts	-	14,639
Amounts owed by group undertakings	9,581	-

	74,965	94,135

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Autocare (Inverness) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	5,000	5,000
Trade creditors	49,618	34,596
Corporation tax	39,584	22,353
Other taxes and social security	8,338	7,542
VAT	20,425	24,539
Other creditors	3,287	1,515
Accruals and deferred income	5,741	9,257
Directors' loan accounts	1,284	312

	133,277	105,114

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	833	5,833

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,000	5,000
Later than one year and not later than five years	833	5,833

	5,833	10,833

	5,833	10,833

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 February 2025	13,130	13,130
Deferred taxation	(1,374 )	(1,374 )

Balance at 31 January 2026	11,756	11,756

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	46,745	46,745
Later than one year and not later than five years	85,524	132,268

	132,269	179,013

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Autocare (Inverness) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

12. Directors Advances, Credits and Guarantees

Included within creditors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Stewart Anderson	14,639	47	(15,346 )	-	(660 )
Mr Gavin Johnston	(312 )	-	(312 )	-	(624 )

The above loans are interest free and has no fixed repayment terms.

13. Post Balance Sheet Events

After the year end, an asset was bought under hire purchase amounting to £15,000.

14. Related Party Transactions

As at 31 January 2026, there is a loan balance due to Autocare (Inverness) Limited of £9,581 (2025: £nil) from a company that shares common directorship.

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