Holly House Hire Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC302758 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Holly House Hire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. Martin Coats

Mr. Jonathan James Coats

Mrs. Marie Coats

Mr John Coats

Mrs. Susan Coats

SECRETARY:

Mrs. Marie Coats

REGISTERED OFFICE:

Holly House

Station Road

Conon Bridge

Ross-shire

IV7 8AA

REGISTERED NUMBER:

SC302758 (Scotland)

ACCOUNTANTS:

Leggatts Accountants Ltd

Kempfield Court

Dingwall

Highland

IV15 9RT

FIXED ASSETS

Tangible assets

4

1,353,372

1,341,248

CURRENT ASSETS

Stocks

27,232

29,500

Debtors

5

451,509

465,320

478,741

494,820

CREDITORS

Amounts falling due within one year

6

554,803

616,731

NET CURRENT LIABILITIES

(76,062

)

(121,911

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,277,310

1,219,337

CREDITORS

Amounts falling due after more than
one year

7

(161,434

)

(165,216

)

PROVISIONS FOR LIABILITIES

(31,782

)

(57,541

)

NET ASSETS

1,084,094

996,580

CAPITAL AND RESERVES

Called up share capital

66

Retained earnings

1,084,028

996,514

1,084,094

996,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 1 October 2026 and were signed on its behalf by:

Mr. Martin Coats - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Freehold property

-

15% on reducing balance and not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

straight line over 3 years

Motor vehicles

-

25% on reducing balance

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 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

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 year was 17 (2025 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2025

1,086,365

1,068,166

2,154,531

Additions

43,081

127,599

170,680

Disposals

-

(65,722

)

(65,722

)

At 31 January 2026

1,129,446

1,130,043

2,259,489

DEPRECIATION

At 1 February 2025

67,367

745,916

813,283

Charge for year

19,188

83,504

102,692

Eliminated on disposal

-

(9,858

)

(9,858

)

At 31 January 2026

86,555

819,562

906,117

NET BOOK VALUE

At 31 January 2026

1,042,891

310,481

1,353,372

At 31 January 2025

1,018,998

322,250

1,341,248

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

353,003

378,743

Other debtors

98,506

86,577

451,509

465,320

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

55,187

238,947

Hire purchase contracts

50,680

45,998

Trade creditors

224,276

151,305

Taxation and social security

103,523

93,217

Other creditors

121,137

87,264

554,803

616,731

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Bank loans

98,302

106,904

Hire purchase contracts

63,132

58,312

161,434

165,216

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

Mr John Coats and Mrs. Marie Coats

Balance outstanding at start of year

(21,086

)

(883

)

Amounts advanced

1,350

297

Amounts repaid

-

(20,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(19,736

)

(21,086

)

Mr. Jonathan James Coats

Balance outstanding at start of year

808

(1,673

)

Amounts advanced

-

2,481

Amounts repaid

(808

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

808

Mr. Martin Coats

Balance outstanding at start of year

(1,046

)

(2,154

)

Amounts advanced

28

1,108

Amounts repaid

(374

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(1,392

)

(1,046

)