REGISTERED NUMBER: SC180245 (Scotland)

ABRASERVICE SCOTLAND LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B Perry

Mr A W Wragg

Mr P N Hallin

SECRETARY:

Mr A W Wragg

REGISTERED OFFICE:

Unit 1 Bandeath Industrial Estate

Throsk

Stirling

FK7 7NP

REGISTERED NUMBER:

SC180245 (Scotland)

AUDITORS:

Folkes Worton LLP

Chartered Accountants and Statutory Auditor

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

FIXED ASSETS

Tangible assets

4

170,496

183,277

CURRENT ASSETS

Stocks

454,840

495,762

Debtors

5

328,592

340,832

Cash at bank and in hand

304,317

297,774

1,087,749

1,134,368

CREDITORS

Amounts falling due within one year

6

212,852

344,911

NET CURRENT ASSETS

874,897

789,457

TOTAL ASSETS LESS CURRENT LIABILITIES

1,045,393

972,734

PROVISIONS FOR LIABILITIES

25,841

32,158

NET ASSETS

1,019,552

940,576

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

1,019,546

940,570

SHAREHOLDERS' FUNDS

1,019,552

940,576

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

Mr B Perry - Director

1.	STATUTORY INFORMATION

Abraservice Scotland 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 net sales of goods/services, excluding value added tax

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

at variable rates on cost or NBV

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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

319,674

467,042

786,716

Additions

44,405

5,933

50,338

Disposals

-

(5,100

)

(5,100

)

At 31 December 2025

364,079

467,875

831,954

DEPRECIATION

At 1 January 2025

265,030

338,409

603,439

Charge for year

31,917

31,202

63,119

Eliminated on disposal

-

(5,100

)

(5,100

)

At 31 December 2025

296,947

364,511

661,458

NET BOOK VALUE

At 31 December 2025

67,132

103,364

170,496

At 31 December 2024

54,644

128,633

183,277

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

284,808

282,818

Other debtors

43,784

58,014

328,592

340,832

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

201,794

81,276

Taxation and social security

(19,333

)

28,800

Other creditors

30,391

234,835

212,852

344,911

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

289,850

118,165

Between one and five years

310,722

16,327

In more than five years

334,167

-

934,739

134,492

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

The Report of the Auditors was unqualified.

Nigel Meredith FCA (Senior Statutory Auditor)

for and on behalf of Folkes Worton LLP

9.	RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is £153,496 (2024 - £45,137) due to the company's parent company.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of SSAB EMEA AB, a company incorporated in Sweden, which is a wholly owned subsidiary of SSAB AB, a company incorporated in Sweden.