Cumbernauld Hire Drive Limited

Registered number

SC398970

Filleted Accounts

31 May 2026

Cumbernauld Hire Drive Limited
Registered number:	SC398970
Balance Sheet
as at 31 May 2026

	Notes		2026			2025
£				£
Fixed assets
Tangible assets	3		205,775			241,488

Current assets
Debtors	4	86,038			74,426
Cash at bank and in hand		18,917			20,971
		104,955			95,397

Creditors: amounts falling due within one year	5	(189,230)			(173,139)

Net current liabilities			(84,275)			(77,742)

Total assets less current liabilities			121,500			163,746

Creditors: amounts falling due after more than one year	6		(28,810)			(22,657)



Net assets			92,690			141,089

Capital and reserves
Called up share capital			100			100
Profit and loss account			92,590			140,989

Shareholders' funds			92,690			141,089

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Brian Bryce
Director
Approved by the board on 9 September 2026

Cumbernauld Hire Drive Limited
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2025	3,376		414,694		418,070
	Additions	-		76,392		76,392
	Disposals	-		(161,788)		(161,788)
	At 31 May 2026	3,376		329,298		332,674

	Depreciation
	At 1 June 2025	735		175,847		176,582
	Charge for the year	454		38,770		39,224
	On disposals	-		(88,907)		(88,907)
	At 31 May 2026	1,189		125,710		126,899

	Net book value
	At 31 May 2026	2,187		203,588		205,775
	At 31 May 2025	2,641		238,847		241,488


4	Debtors			2026		2025
£					£

	Trade debtors			-		195
	Other debtors			86,038		74,231
				86,038		74,426


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			65		2,460
	Obligations under finance lease and hire purchase contracts			19,205		22,035
	Trade creditors			412		412
	Other taxes and social security costs			615		-
	Other creditors			168,933		148,232
				189,230		173,139


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		304
	Obligations under finance lease and hire purchase contracts			28,810		22,353
				28,810		22,657


7	Other information

	Cumbernauld Hire Drive Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	17 Flowerhill Street
	Airdrie
	ML6 6AP