REGISTERED NUMBER: SC202132 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Scotia Supply Co. Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

G Hunter

D Kelly

Mrs S E Kelly

REGISTERED OFFICE:

Logans House

Lochlands Industrial Estate

Larbert

Falkirk

FK5 3NS

REGISTERED NUMBER:

SC202132 (Scotland)

ACCOUNTANTS:

William Watson & Company Accountants Ltd

51 Lynnhurst

Uddingston

G71 6SA

FIXED ASSETS

Intangible assets

4

311,937

-

Tangible assets

5

160,465

283,011

472,402

283,011

CURRENT ASSETS

Stocks

233,000

250,000

Debtors

6

1,986,070

1,932,977

Cash at bank

108,145

26,964

2,327,215

2,209,941

CREDITORS

Amounts falling due within one year

7

1,919,387

1,810,990

NET CURRENT ASSETS

407,828

398,951

TOTAL ASSETS LESS CURRENT LIABILITIES

880,230

681,962

CREDITORS

Amounts falling due after more than one year

8

(188,146

)

(259,154

)

PROVISIONS FOR LIABILITIES

9

(37,699

)

-

NET ASSETS

654,385

422,808

CAPITAL AND RESERVES

Called up share capital

98

11

Retained earnings

654,287

422,797

654,385

422,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

G Hunter - Director

1.	STATUTORY INFORMATION

Scotia Supply Co. Ltd. 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST OR VALUATION

Revaluations

311,937

At 31 December 2025

311,937

NET BOOK VALUE

At 31 December 2025

311,937

Cost or valuation at 31 December 2025 is represented by:

Goodwill

£

Valuation in 2025

311,937

If shares had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

311,937

-

Holding company shares were valued on an open market basis on 31 August 2026 by the director .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

449,000

218,529

667,529

Additions

-

75,571

75,571

Disposals

(449,000

)

-

(449,000

)

At 31 December 2025

-

294,100

294,100

DEPRECIATION

At 1 January 2025

291,000

93,518

384,518

Charge for year

-

40,117

40,117

Eliminated on disposal

(291,000

)

-

(291,000

)

At 31 December 2025

-

133,635

133,635

NET BOOK VALUE

At 31 December 2025

-

160,465

160,465

At 31 December 2024

158,000

125,011

283,011

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

975,369

810,262

Other debtors

1,010,701

1,122,715

1,986,070

1,932,977

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

371,858

252,216

Trade creditors

1,374,008

1,222,249

Taxation and social security

87,062

137,774

Other creditors

86,459

198,751

1,919,387

1,810,990

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

54,425

185,045

Hire purchase contracts

59,248

74,109

Other creditors

74,473

-

188,146

259,154

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Accelerated capital allowances

39,151

-

Other timing differences

(1,452

)

-

37,699

-

Deferred

tax

£

Charge to Income Statement during year

37,699

Balance at 31 December 2025

37,699

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

William Watson & Company Accountants Ltd

51 Lynnhurst

Uddingston

G71 6SA

15 September 2026