REGISTERED NUMBER: SC448509 (Scotland)

Unaudited Financial Statements

for the Period 1 July 2025 to 31 December 2025

for

Taylor & Son Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A J Gray

REGISTERED OFFICE:

Shed 3

Tortorston Industrial Estate

Peterhead

AB42 3JF

REGISTERED NUMBER:

SC448509 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

34,243

17,536

34,243

17,536

CURRENT ASSETS

Stocks

8,560

5,900

Debtors

6

272,782

262,522

Cash at bank

226,383

254,515

507,725

522,937

CREDITORS

Amounts falling due within one year

7

138,193

149,367

NET CURRENT ASSETS

369,532

373,570

TOTAL ASSETS LESS CURRENT LIABILITIES

403,775

391,106

CREDITORS

Amounts falling due after more than one year

8

(135,686

)

(129,490

)

PROVISIONS FOR LIABILITIES

(4,633

)

(3,966

)

NET ASSETS

263,456

257,650

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

263,356

257,550

SHAREHOLDERS' FUNDS

263,456

257,650

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 September 2026 and were signed by:

Mr A J Gray - Director

1.	STATUTORY INFORMATION

Taylor & Son Engineering 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 goods to customers. Revenue is recognised at the point of sale.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2017 has been fully amortised over its estimated useful life of five years.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 period 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 period 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 period was 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2025

and 31 December 2025

100,000

AMORTISATION

At 1 July 2025

and 31 December 2025

100,000

NET BOOK VALUE

At 31 December 2025

-

At 30 June 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2025

-

91,375

2,284

Additions

9,020

10,289

-

At 31 December 2025

9,020

101,664

2,284

DEPRECIATION

At 1 July 2025

-

76,654

1,878

Charge for period

682

2,522

51

At 31 December 2025

682

79,176

1,929

NET BOOK VALUE

At 31 December 2025

8,338

22,488

355

At 30 June 2025

-

14,721

406

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2025

2,438

7,817

103,914

Additions

-

1,468

20,777

At 31 December 2025

2,438

9,285

124,691

DEPRECIATION

At 1 July 2025

2,213

5,633

86,378

Charge for period

29

786

4,070

At 31 December 2025

2,242

6,419

90,448

NET BOOK VALUE

At 31 December 2025

196

2,866

34,243

At 30 June 2025

225

2,184

17,536

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.6.25

£

£

Trade debtors

237,581

168,724

Amounts recoverable on contract

30,232

81,807

Other debtors

4,969

11,991

272,782

262,522

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.6.25

£

£

Trade creditors

52,426

67,206

Taxation and social security

76,969

72,241

Other creditors

8,798

9,920

138,193

149,367

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

30.6.25

£

£

Amounts owed to group undertakings

135,686

129,490

9.	RELATED PARTY DISCLOSURES

Norkram Limited is the parent company of Taylor & Son Engineering Limited. During the year, the company made sales of £23,969 (2025 - £42,211) to Norkram Limited. The balance outstanding due from Norkram Limited at the year end was £16,266 (2025 - £13,326). The company made purchases of £15,636 (2025 - £101,035) from Norkram Limited. The balance outstanding due to Norkram Limited at the year end was £nil (2025 - £8,299).

An intercompany loan of £135,686 (2025 - £129,490) was due by the company to Norkram Limited at the year end. The loan is interest free and there are no fixed repayment terms.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Norkram Limited.

The ultimate controlling parties are Jan-Pit Kroll, Timm Jorgen Kroll and Diana Mackova.