Grant's Ballindalloch Timber Haulage Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC496711

Grant's Ballindalloch Timber Haulage Ltd

Filleted Unaudited Financial Statements

30 April 2026

Grant's Ballindalloch Timber Haulage Ltd

Statement of Financial Position

30 April 2026

	2026		2025
			(restated)
Note	£	£	£

Fixed assets

Tangible assets	5	1,432,393	1,110,277
Investments	6	50	50
		------------	------------
		1,432,443	1,110,327

Current assets

Debtors	7	315,900	364,957
Cash at bank and in hand		162,803	188
		---------	---------
		478,703	365,145

Creditors: amounts falling due within one year	8	1,119,062		683,521
		------------		---------
Net current liabilities			640,359	318,376
			------------	------------
Total assets less current liabilities			792,084	791,951

Creditors: amounts falling due after more than one year	9	624,504	404,415
		---------	---------
Net assets		167,580	387,536
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	167,578	387,534
	---------	---------
Shareholders funds	167,580	387,536
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Grant's Ballindalloch Timber Haulage Ltd

Statement of Financial Position (continued)

30 April 2026

These financial statements were approved by the board of directors and authorised for issue on 29 September 2026 , and are signed on behalf of the board by:

Mr F Grant
Director

Company registration number: SC496711

Grant's Ballindalloch Timber Haulage Ltd

Notes to the Financial Statements

Year ended 30 April 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Georgetown, Ballindalloch, Moray, AB37 9BA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have prepared the financial statements on a going concern basis.

Revenue recognition

Turnover represents amounts receivable for haulage services net of VAT and trade discounts. Turnover is recognised at the point of completion of delivery.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Buildings	-	Straight line over 20 years
Plant & Vehicles	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The following assets and liabilities are classified as financial instruments - bank, trade debtors, trade creditors and directors' loans from the company. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held on demand. Bank overdrafts are shown within creditors due within one year. Trade debtors and creditors are measured at the undiscounted amounts receivable from the customer or payable to a supplier, which is normally the invoiced price. Trade debtors are assessed at the end of each reporting period for the objective evidence of impairment. If such evidence is found, an impairment loss is recognise in the statement of income and retained earnings. Directors' loans from the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2025: 12 ).

5. Tangible assets

	Buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 May 2025 (as restated)	9,700	2,538,791	2,548,491
Additions	8,557	687,216	695,773
Disposals	–	( 227,776)	( 227,776)
	--------	------------	------------
At 30 April 2026	18,257	2,998,231	3,016,488
	--------	------------	------------
Depreciation
At 1 May 2025	485	1,437,729	1,438,214
Charge for the year	913	322,887	323,800
Disposals	–	( 177,919)	( 177,919)
	--------	------------	------------
At 30 April 2026	1,398	1,582,697	1,584,095
	--------	------------	------------
Carrying amount
At 30 April 2026	16,859	1,415,534	1,432,393
	--------	------------	------------
At 30 April 2025	9,215	1,101,062	1,110,277
	--------	------------	------------

6. Investments

	Other investments other than loans
	£
Cost
At 1 May 2025 as restated and 30 April 2026	50
	----
Impairment
At 1 May 2025 as restated and 30 April 2026	–
	----

Carrying amount
At 30 April 2026	50
	----
At 30 April 2025	50
	----

7. Debtors

	2026	2025
		(restated)
	£	£
Trade debtors	270,753	315,589
Other debtors	45,147	49,368
	---------	---------
	315,900	364,957
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
		(restated)
	£	£
Bank loans and overdrafts	106,290	44,841
Trade creditors	102,751	123,952
Social security and other taxes	39,291	44,509
Other creditors	870,730	470,219
	------------	---------
	1,119,062	683,521
	------------	---------

The bank overdrawn balance of £106,290 (2025 - £44,841) and the invoice finance balance, which is included within other creditors, of £149,166 (2025 - £120,139) are secured by a charge over the debtor book and a floating charge over the assets of the company.

Obligations under hire purchase and finance leases of £284,770 (2025 - £193,722), included within other creditors, are secured on the assets concerned.

9. Creditors: amounts falling due after more than one year

	2026	2025
		(restated)
	£	£
Other creditors	624,504	404,415
	---------	---------

Obligations under hire purchase and finance leases of £624,504 (2025 - £404,415), included within other creditors, are secured on the assets concerned.

10. Related party transactions

The company was under the control of the director throughout the current and previous year.