REGISTERED NUMBER: SC539677 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Ian J Milne Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Milne

A N Milne

REGISTERED OFFICE:

Cocklaw Mains

Peterhead

Aberdeenshire

AB42 3JU

REGISTERED NUMBER:

SC539677 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

35,618

1,593

CURRENT ASSETS

Stocks

931

938

Debtors

5

21,777

22,026

Cash at bank

24,537

68,953

47,245

91,917

CREDITORS

Amounts falling due within one year

6

4,898

14,707

NET CURRENT ASSETS

42,347

77,210

TOTAL ASSETS LESS CURRENT LIABILITIES

77,965

78,803

PROVISIONS FOR LIABILITIES

6,767

303

NET ASSETS

71,198

78,500

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

71,098

78,400

SHAREHOLDERS' FUNDS

71,198

78,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 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 10 September 2026 and were signed on its behalf by:

I J Milne - Director

1.	STATUTORY INFORMATION

Ian J Milne 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.

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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

14,137

199

17,235

1,472

33,043

Additions

156

-

34,933

-

35,089

At 31 March 2026

14,293

199

52,168

1,472

68,132

DEPRECIATION

At 1 April 2025

12,673

72

17,235

1,470

31,450

Charge for year

1,037

25

-

2

1,064

At 31 March 2026

13,710

97

17,235

1,472

32,514

NET BOOK VALUE

At 31 March 2026

583

102

34,933

-

35,618

At 31 March 2025

1,464

127

-

2

1,593

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

11,259

11,870

Amounts recoverable on contract

4,056

8,926

Other debtors

6,462

1,230

21,777

22,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

2,086

12,187

Other creditors

2,812

2,520

4,898

14,707