Taylor HMG Scotland Ltd - Filleted accounts

Registered number

SC080376

Taylor HMG Scotland Ltd

Filleted Accounts

31 December 2025

Taylor HMG Scotland Ltd
Registered number:		SC080376
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		45,552			28,573

Current assets
Stocks		1,122			1,025
Debtors	4	205,278			245,500
Cash at bank and in hand		120			34
		206,520			246,559

Creditors: amounts falling due within one year	5	(171,605)			(208,999)

Net current assets			34,915			37,560

Total assets less current liabilities			80,467			66,133

Creditors: amounts falling due after more than one year	6		(45,826)			(34,287)

Provisions for liabilities			(15,331)			(3,943)


Net assets			19,310			27,903

Capital and reserves
Called up share capital			20,000			20,000
Profit and loss account			(690)			7,903

Shareholders' funds			19,310			27,903

The directors are 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 directors acknowledge their 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.




Mr D Taylor
Director
Approved by the board on 1 September 2026

Taylor HMG Scotland Ltd
Notes to the Accounts
for the year ended 31 December 2025


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:

	Property improvements			10% reducing balance
	Plant and machinery			25% straight line
	Fixtures, fittings, and equipment			10% reducing balance and 33% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

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


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Property improvements		Plant and machinery		Fixtures, fittings & equipment		Total
£			£		£		£
	Cost
	At 1 January 2025	25,465		29,019		7,193		61,677
	Additions	-		42,898		-		42,898
	Disposals	-		(28,500)		-		(28,500)
	At 31 December 2025	25,465		43,417		7,193		76,075

	Depreciation
	At 1 January 2025	17,644		9,435		6,025		33,104
	Charge for the year	782		12,487		191		13,460
	On disposals	-		(16,041)		-		(16,041)
	At 31 December 2025	18,426		5,881		6,216		30,523

	Net book value
	At 31 December 2025	7,039		37,536		977		45,552
	At 31 December 2024	7,821		19,584		1,168		28,573


4	Debtors					2025		2024
£							£

	Trade debtors					19,393		62,129
	Other debtors					185,885		183,371
						205,278		245,500


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,668		8,620
	Obligations under finance lease and hire purchase contracts					8,579		5,834
	Trade creditors					58,523		98,167
	Accrued expenses					3,802		4,977
	Taxation and social security costs					90,033		91,401
						171,605		208,999


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					12,938		17,756
	Obligations under finance lease and hire purchase contracts					32,888		16,531
						45,826		34,287


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					52,135		30,985

	Hire Purchase Finance through Mann Island is secured over plant & machinery held by the company.


8	Loans to directors
	Description and conditions	B/fwd		Paid/Adjusted	Repaid		C/fwd
£			£		£		£
	Mr D Taylor
	Director's loan	141,614		3,514		(1,000)		144,128

		141,614		3,514		(1,000)		144,128


9	Other information

	Taylor HMG Scotland Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	20 Tormeadow Road
	Newton Mearns
	Glasgow
	Scotland
	G77 6TF