James Scott & Sons (Kitchen Equipment) L - Accounts to registrar (filleted)

REGISTERED NUMBER: SC049875 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

James Scott & Sons (Kitchen Equipment)

Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

9,381

-

Tangible assets

5

1,341,151

615,487

1,350,532

615,487

CURRENT ASSETS

Stocks

300,320

151,628

Debtors

6

1,592,915

1,011,856

Cash at bank and in hand

684,326

266,851

2,577,561

1,430,335

CREDITORS

Amounts falling due within one year

7

(2,181,359

)

(1,212,477

)

NET CURRENT ASSETS

396,202

217,858

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,746,734

833,345

CREDITORS

Amounts falling due after more than one
year

8

(482,588

)

(2,500

)

PROVISIONS FOR LIABILITIES

(25,216

)

-

NET ASSETS

1,238,930

830,845

CAPITAL AND RESERVES

Called up share capital

3,000

Retained earnings

1,235,930

827,845

SHAREHOLDERS' FUNDS

1,238,930

830,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 2 September 2026 and were signed on its behalf by:

J S Scott - Director

1.	STATUTORY INFORMATION

James Scott & Sons (Kitchen Equipment) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC049875. The registered office is Unit 1 Ochilview Business Park, Bog Road, Falkirk, Scotland, FK2 9PJ.

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

The turnover shown in the profit and loss account represents the value of all commercial kitchen equipment manufactured and installed during the period, less returns received, at selling price exclusive of Value Added Tax.

Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

For construction contracts, turnover represents the value of work done in the year and is determined by reference to the stage of completion of each contract.

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.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Raw materials and purchased finished goods are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Work in progress and manufactured finished goods are valued on the basis of direct material and labour costs plus attributable overheads based on a normal level of activity.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Construction contracts

Amounts recoverable on contract, which are included in debtors, are stated at the net sales value of work done, after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Profit on construction contracts is recognised as the work is carried out, only if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of work carried out at the year end, by recording turnover and related costs as contract activity accordingly. Revenue derived from variations on contracts is recognised only when the variations have been accepted by the customers.

Full provision is made for losses on all contracts in the year in which they are first foreseen.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is

determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2025 - 45 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

9,875

At 30 April 2026

9,875

AMORTISATION

Charge for year

494

At 30 April 2026

494

NET BOOK VALUE

At 30 April 2026

9,381

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 May 2025

444,833

413,842

858,675

Additions

657,434

104,664

762,098

Disposals

-

(10,713

)

(10,713

)

At 30 April 2026

1,102,267

507,793

1,610,060

DEPRECIATION

At 1 May 2025

-

243,188

Charge for year

-

34,556

Eliminated on disposal

-

(8,835

)

(8,835

)

At 30 April 2026

-

268,909

NET BOOK VALUE

At 30 April 2026

1,102,267

238,884

1,341,151

At 30 April 2025

444,833

170,654

615,487

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2025

12,000

Additions

95,410

At 30 April 2026

107,410

DEPRECIATION

At 1 May 2025

5,669

Charge for year

8,682

At 30 April 2026

14,351

NET BOOK VALUE

At 30 April 2026

93,059

At 30 April 2025

6,331

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade debtors

247,166

149,231

Amounts owed by related parties

-

1,187

Amounts recoverable on contract

1,106,857

616,051

Other debtors

238,892

245,387

1,592,915

1,011,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Bank loans and overdrafts

181,924

10,000

Hire purchase contracts

35,471

3,166

Trade creditors

1,792,212

1,160,136

Amounts owed to related parties

2,813

-

Taxation and social security

25,767

14,084

Other creditors

143,172

25,091

2,181,359

1,212,477

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.26

30.4.25

£

Bank loans

-

2,500

Hire purchase contracts

116,888

-

Other creditors

365,700

-

482,588

2,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.26

30.4.25

£

Bank overdraft

179,424

-

Hire purchase contracts

152,359

3,166

331,783

3,166

Hire purchase contracts are secured over the assets to which they relate.

The Royal Bank of Scotland holds a standard security over the property.

10.	ULTIMATE PARENT COMPANY

The company's ultimate parent company is James Scott & Sons (Holdings) Limited, a company registered in Scotland. The financial statements of James Scott & Sons (Holdings) Limited can be obtained from Companies House and its registered office is Unit 1 Ochilview Business Park, Bog Road, Falkirk, Scotland, FK2 9PJ.