CHAPELHALL INDUSTRIAL BEARINGS LIMITED


Directors	Hay, Alison Baxter
	Hay, Ian
	Hay, James
	Hay, Robert


Company Secretary	HAY, Alison Baxter


Registered Address	Block 4, Unit 5, Burns Road
	Chapelhall Industrial Estate
	Airdrie
	ML6 8QH


Registered Number	SC116385 (Scotland)

Balance Sheet as at
30 June 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		21,269		24,577
			21,269		24,577
Current assets
Stocks		9,000		10,440
Debtors	4	46,042		40,024
Cash at bank and on hand		50,611		59,689
		105,653		110,153
Creditors amounts falling due within one year	5	(44,847)		(53,167)
Net current assets (liabilities)			60,806		56,986
Total assets less current liabilities			82,075		81,563
Creditors amounts falling due after one year			-		(1,126)
Provisions for liabilities			(4,703)		(5,490)
Net assets			77,372		74,947
Capital and reserves
Called up share capital			100		100
Profit and loss account			77,272		74,847
Shareholders' funds			77,372		74,947

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 21 September 2026, and are signed on its behalf by:

Hay, Robert
Director
Registered Company No. SC116385

CHAPELHALL INDUSTRIAL BEARINGS LIMITED

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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 policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	3		3

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 July 25	89,061
	At 30 June 26	89,061
	Depreciation and impairment
	At 01 July 25	64,484
	Charge for year	3,308
	At 30 June 26	67,791
	Net book value
	At 30 June 26	21,269
	At 30 June 25	24,577


	Included in the above are motor vehicles which are held on HP contracts. The Net Book Value of these vehicles was £Nil (2025: £2,056.50).

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	45,312	38,754
Other debtors	-	686
Prepayments and accrued income	730	584
Total	46,042	40,024

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	24,145	30,011
Taxation and social security	17,036	16,417
Finance lease and HP contracts	1,126	4,503
Other creditors	40	9
Accrued liabilities and deferred income	2,500	2,227
Total	44,847	53,167


	Included within Other Creditors is an amount due to the Directors from Chapelhall Industrial Bearings Ltd of £40 (2025: £9). This loan is interest-free and repayable on demand.

6.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	1,126		5,629

7.	Controlling party
	There is no ultimate controlling party.