REGISTERED NUMBER: SC373653 (Scotland)

Financial Statements

for the Year Ended 31 March 2026

for

Check-It Holdings (Scotland) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Austin

Mrs H Austin

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC373653 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Intangible assets

3

-

60,000

Property, plant and equipment

4

17,605

238,329

Investment property

5

350,000

-

367,605

298,329

CURRENT ASSETS

Debtors

6

1,654

70,711

Cash at bank

153,548

65,340

155,202

136,051

CREDITORS

Amounts falling due within one year

7

107,110

113,960

NET CURRENT ASSETS

48,092

22,091

TOTAL ASSETS LESS CURRENT LIABILITIES

415,697

320,420

PROVISIONS FOR LIABILITIES

49,565

14,491

NET ASSETS

366,132

305,929

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

365,932

305,729

SHAREHOLDERS' FUNDS

366,132

305,929

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 21 October 2026 and were signed on its behalf by:

Mr J Austin - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Going concern

The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Turnover represents the amounts received from the rental of plant & machinery, excluding value added tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

240,000

Disposals

(240,000

)

At 31 March 2026

-

AMORTISATION

At 1 April 2025

180,000

Amortisation for year

12,000

Eliminated on disposal

(192,000

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

60,000

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

169,345

238,704

85,378

493,427

Additions

-

4,500

11,998

16,498

Disposals

-

(238,704

)

(68,828

)

(307,532

)

Reclassification/transfer

(169,345

)

-

-

(169,345

)

At 31 March 2026

-

4,500

28,548

33,048

DEPRECIATION

At 1 April 2025

-

190,612

64,486

255,098

Charge for year

-

338

2,482

2,820

Eliminated on disposal

-

(190,612

)

(51,863

)

(242,475

)

At 31 March 2026

-

338

15,105

15,443

NET BOOK VALUE

At 31 March 2026

-

4,162

13,443

17,605

At 31 March 2025

169,345

48,092

20,892

238,329

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

180,655

Reclassification/transfer

169,345

At 31 March 2026

350,000

NET BOOK VALUE

At 31 March 2026

350,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

180,655

Cost

169,345

350,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

-

70,711

Other debtors

1,654

-

1,654

70,711

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

255

8,970

Taxation and social security

30,724

37,306

Other creditors

76,131

67,684

107,110

113,960

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

200

Ordinary

£1

200

200