REGISTERED NUMBER: SC058986 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026

FOR

ARDMALEISH BOATBUILDING COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms H Ferguson

R M Ferguson

C M Ferguson

REGISTERED OFFICE:

Ardmaleish Point

Rothesay

Isle of Bute

PA20 0QY

REGISTERED NUMBER:

SC058986 (Scotland)

ACCOUNTANTS:

Blaeford Gordon & Company Ltd

101 Galgate

Barnard Castle

Co. Durham

DL12 8ES

FIXED ASSETS

Tangible assets

4

1,658

2,212

CURRENT ASSETS

Debtors

5

935,858

753,843

Cash at bank

34,678

52,476

970,536

806,319

CREDITORS

Amounts falling due within one year

6

236,856

294,816

NET CURRENT ASSETS

733,680

511,503

TOTAL ASSETS LESS CURRENT LIABILITIES

735,338

513,715

CAPITAL AND RESERVES

Called up share capital

10,429

10,429

Share premium

27,500

27,500

Other reserves

16,486

16,486

Retained earnings

680,923

459,300

SHAREHOLDERS' FUNDS

735,338

513,715

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 19 October 2026 and were signed on its behalf by:

Ms H Ferguson - Director

1.	STATUTORY INFORMATION

Ardmaleish Boatbuilding Company 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

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 29 (2025 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 September 2025

and 31 August 2026

213,334

28,408

241,742

DEPRECIATION

At 1 September 2025

211,451

28,079

239,530

Charge for year

471

83

554

At 31 August 2026

211,922

28,162

240,084

NET BOOK VALUE

At 31 August 2026

1,412

246

1,658

At 31 August 2025

1,883

329

2,212

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

31.8.25

£

£

Trade debtors

57,673

191,815

Stock

50,000

50,000

Work in progress

718,000

463,363

Due from holding company

84,455

-

VAT

25,730

48,665

935,858

753,843

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

31.8.25

£

£

Trade creditors

135,391

124,949

Tax

29,272

-

Social security and other taxes

-

20,026

Due to holding company

-

124,477

Accrued expenses

72,193

25,364

236,856

294,816