REGISTERED NUMBER: 00671154 (England and Wales)

Financial Statements For The Year Ended 31 December 2025

for

Scottish Fine Soaps Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D B Ross

R C Ross

W J D McMartin

SECRETARY:

W J D McMartin

REGISTERED OFFICE:

Unit 4 Wested Lane

Swanley

England

BR8 8TE

REGISTERED NUMBER:

00671154 (England and Wales)

INDEPENDENT AUDITORS:

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

SOLICITORS:

Shepherd & Wedderburn LLP

9 Haymarket Square

Edinburgh

EH3 8FY

FIXED ASSETS

Tangible assets

4

400,178

337,680

CURRENT ASSETS

Stocks

5

2,824,782

2,194,556

Debtors

6

1,267,062

1,984,846

Cash at bank and in hand

245,019

63,769

4,336,863

4,243,171

CREDITORS

Amounts falling due within one year

7

1,113,974

848,070

NET CURRENT ASSETS

3,222,889

3,395,101

TOTAL ASSETS LESS CURRENT LIABILITIES

3,623,067

3,732,781

PROVISIONS FOR LIABILITIES

90,673

71,606

NET ASSETS

3,532,394

3,661,175

CAPITAL AND RESERVES

Called up share capital

9

2,851

2,851

Retained earnings

3,529,543

3,658,324

SHAREHOLDERS' FUNDS

3,532,394

3,661,175

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

R C Ross - Director

1.	STATUTORY INFORMATION

Scottish Fine Soaps Limited is a private company, limited by shares , registered in England and Wales. 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.

Going concern

The directors ordinarily review and update cash flow and trading forecasts to ensure the company has sufficient resources to enable it to meet its liabilities as they fall due for a period of at least twelve months from the date of signing of the financial statements.

The directors have considered a number of potential scenarios over the coming twelve months, including a different sales mix from those originally forecast as a result of business change, international events and a potential high inflationary environment. The board have also produced a sensitised forecast on the back of these events that shows the company has adequate working capital to continue trading over this period.

The directors believe that the company continues to have a strong pipeline of sales opportunities and with a diversified product base and customer mix that is continuing to grow. The directors are therefore satisfied that there is demand for the company's products. The company has shown its ability to sustain the core business growth across 2025, despite the uncertainty and current economic challenges, and the directors believe that the company will align its business to prepandemic levels with organic growth. Early indications in 2026 are showing growth across all revenue streams within the business.

Thus, with a healthy cash balance; strong sales through 2026; the ability of the team to adapt and work within the current economic challenges; and future forecasted trading expectations, the directors are satisfied that the company will have adequate resources to continue as a going concern for the foreseeable future.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Where payments are received from customers in advance of delivery of goods, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets

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

Fixed plant and equipment

-

Between 10% and 33.3% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currency transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on

tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to

complete and sell.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2024 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Fixed

plant and

equipment

£

COST

At 1 January 2025

882,704

Additions

162,930

At 31 December 2025

1,045,634

DEPRECIATION

At 1 January 2025

545,024

Charge for year

100,432

At 31 December 2025

645,456

NET BOOK VALUE

At 31 December 2025

400,178

At 31 December 2024

337,680

5.

STOCKS

2025

2024

£

£

Stocks

2,824,782

2,194,556

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,015,097

1,698,732

Amounts owed by group undertakings

125,401

220,748

Other debtors

300

30,134

Prepayments and accrued income

126,264

35,232

1,267,062

1,984,846

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

956,800

300,116

Amounts owed to group undertakings

53,691

403,691

Social security and other taxes

32,659

39,502

Other creditors

3,487

3,723

Accrued expenses

67,337

101,038

1,113,974

848,070

8.	SECURED DEBTS

The company’s bankers hold a Fixed Charge over all present freehold and leasehold property; a First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future and a first floating charge over all assets and undertakings both present and future. In addition, a Composite Company Unlimited Multilateral Guarantee has been given by Alexander Ross Holdings Limited, Unico Limited, Scottish Fine Soaps Limited, Alexander Ross Management Services Limited and Montague Lloyd Limited.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,851

Ordinary

£1

2,851

2,851

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Alex Webb BAcc FCCA (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

11.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Alexander Ross Management Services Limited, a company registered in England and Wales. The ultimate parent company is Alexander Ross Holdings Limited, a company registered in Scotland and this is the smallest group for which consolidated accounts are drawn up of which the company is a member. Copies of the group financial statements can be obtained from the registered office, North Main Street, Carronshore, Falkirk, FK2 8HT.

13.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £39,783 (2024 - £103,774). Contributions totalling £3,327 (2024 - £3,322) were payable to the fund at the reporting date.