Company Registration No. SC661285 (Scotland)
Reid and Ford Limited
Unaudited accounts
for the year ended 31 May 2026
Reid and Ford Limited
Unaudited accounts
Contents
Reid and Ford Limited
Company Information
for the year ended 31 May 2026
Directors
Keith Roderick Reid
Ross Cameron Reid
Company Number
SC661285 (Scotland)
Registered Office
Clyde Offices
2/3 Clyde Offices
48 West George Street
Glasgow
Lanarkshire
G2 1BP
Scotland
Accountants
Callan Accountancy
21 - 23 Woodside Place
Glasgow
G3 7QF
Reid and Ford Limited
Statement of financial position
as at 31 May 2026
Tangible assets
3,574
4,766
Investment property
95,000
95,000
Cash at bank and in hand
1,312
15,602
Creditors: amounts falling due within one year
(20,336)
(20,008)
Net current assets/(liabilities)
976
(4,406)
Total assets less current liabilities
99,550
95,360
Provisions for liabilities
Deferred tax
(18,050)
(18,050)
Called up share capital
2
2
Profit and loss account
81,498
77,308
Shareholders' funds
81,500
77,310
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by
Keith Roderick Reid
Director
Company Registration No. SC661285
Reid and Ford Limited
Notes to the Accounts
for the year ended 31 May 2026
Reid and Ford Limited is a private company, limited by shares, registered in Scotland, registration number SC661285. The registered office is Clyde Offices, 2/3 Clyde Offices, 48 West George Street, Glasgow, Lanarkshire, G2 1BP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% WDV
Reid and Ford Limited
Notes to the Accounts
for the year ended 31 May 2026
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2025
95,000
During the year the directors have revalued the investment property to its market value.
6
Investments held as current assets
2026
2025
Listed investments
20,000
-
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
229
-
Loans from directors
20,008
20,008
8
Transactions with related parties
During the year to 31 May 2026, the company directors, have provided a company with an interest free loan of £20,008 (2025, £20,008). There is no fixed terms of repayment.
9
Average number of employees
During the year the average number of employees was 0 (2025: 0).