Company No: SC209637 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.04.2026		30.04.2025
		£		£
Fixed assets
Tangible assets	4	3,822,121		3,995,106
		3,822,121		3,995,106
Current assets
Stocks		46,100		28,100
Debtors	5	1,949,372		1,702,530
Cash at bank and in hand		43,305		178,063
		2,038,777		1,908,693
Creditors: amounts falling due within one year	6	( 2,074,126)		( 1,883,009)
Net current (liabilities)/assets		(35,349)		25,684
Total assets less current liabilities		3,786,772		4,020,790
Creditors: amounts falling due after more than one year	7	( 1,193,185)		( 1,369,583)
Provision for liabilities	8, 9	( 584,362)		( 587,525)
Net assets		2,009,225		2,063,682
Capital and reserves
Called-up share capital	10	2		2
Profit and loss account		2,009,223		2,063,680
Total shareholders' funds		2,009,225		2,063,682

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Alan Davie Limited (registered number: SC209637) were approved and authorised for issue by the Board of Directors on 13 October 2026. They were signed on its behalf by:

Alan Wood Davie Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Alan Davie Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is East Happas, Fothringham, Inverarity, Angus, DD8 2JW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Financial Reporting Standard 102 (FRS 102) applicable in the UK and Republic of Ireland issued by the Financial Reporting Council and the requirements of the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company has net current liabilities of £35,349 The directors consider it appropriate to prepare the accounts on a going concern basis. In coming to this conclusion they confirm that they will not seek repayment of their loan account and will support the company for at least twelve months from the approval of these financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or recoverable for the services provided in the normal course of business, and is stated net of VAT and trade discounts. Turnover from the road haulage is recognised when the goods are physically delivered to the customer.

Turnover from garage sales is recognised on the date the service occurs.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 % reducing balance
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Office equipment	20 % reducing balance
Other property, plant and equipment	10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Year ended 30.04.2026		Period from 01.04.2024 to 30.04.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	87		82

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2025	175,000		175,000
At 30 April 2026	175,000		175,000
Accumulated amortisation
At 01 May 2025	175,000		175,000
At 30 April 2026	175,000		175,000
Net book value
At 30 April 2026	0		0
At 30 April 2025	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 May 2025	735,607		311,658		5,923,159		20,945		1,033,024		8,024,393
Additions	0		2,890		657,586		1,369		57,546		719,391
Disposals	0		( 6,161)		( 831,927)		0		0		( 838,088)
At 30 April 2026	735,607		308,387		5,748,818		22,314		1,090,570		7,905,696
Accumulated depreciation
At 01 May 2025	351,826		186,037		3,025,931		9,398		456,095		4,029,287
Charge for the financial year	38,378		25,354		616,529		2,538		59,155		741,954
Disposals	0		( 5,022)		( 682,644)		0		0		( 687,666)
At 30 April 2026	390,204		206,369		2,959,816		11,936		515,250		4,083,575
Net book value
At 30 April 2026	345,403		102,018		2,789,002		10,378		575,320		3,822,121
At 30 April 2025	383,781		125,621		2,897,228		11,547		576,929		3,995,106

5. Debtors

	30.04.2026		30.04.2025
	£		£
Trade debtors	1,721,990		1,602,085
Other debtors	227,382		100,445
	1,949,372		1,702,530

Included in Trade debtors is £1,502,000 (2025 - £1,375,755) of which debt has been factored.

Included in Trade debtors is a bad debt provision of £0 (2025 - £173).

6. Creditors: amounts falling due within one year

	30.04.2026		30.04.2025
	£		£
Bank loans and overdrafts	640,179		303,523
Trade creditors	374,900		372,505
Other taxation and social security	238,410		297,736
Obligations under finance leases and hire purchase contracts	734,680		770,947
Other creditors	85,957		138,298
	2,074,126		1,883,009

Obligations under finance leases amounting to £734,679 (2025 - £770,947) are secured over the related assets.

Bank loans and overdrafts include £518,312 (2025 - £246,271) which relates to advances from factors. The balance is secured over the debts to which the amounts relate.

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

	30.04.2026		30.04.2025
	£		£
Bank loans	197,961		256,827
Obligations under finance leases and hire purchase contracts	995,224		1,112,756
	1,193,185		1,369,583

Obligations under finance leases amounting to £967,224 (2025 - £1,112,756) and secured over the related assets.

Bank borrowings are secured over Myreton Garage.

8. Provision for liabilities

	30.04.2026		30.04.2025
	£		£
Deferred tax	584,362		587,525

9. Deferred tax

	30.04.2026		30.04.2025
	£		£
At the beginning of financial year/period	( 587,525)		( 486,934)
Credited/(charged) to the Statement of Income and Retained Earnings	3,163		( 100,591)
At the end of financial year/period	( 584,362)		( 587,525)

10. Called-up share capital

	30.04.2026		30.04.2025
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

11. Related party transactions

Transactions with owners holding a participating interest in the entity

	30.04.2026		30.04.2025
	£		£
Director's Loan Account	48,151		66,434

Advances of £22,000 (2025 - £20,000) were made to the directors during the year. Repayments of £38,283 (2025 - £29,481 ) were made by the directors. Director loans are unsecured, interest free and repayable on demand.