REGISTERED NUMBER: SC430507 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Shetland Truck & Van Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G A Adie

Mr G L Nicol

REGISTERED OFFICE:

Unit 5

Newmachar Business Centre

Kingseat Business Park

Newmachar

Aberdeenshire

AB21 0AZ

REGISTERED NUMBER:

SC430507 (Scotland)

ACCOUNTANTS:

SBP

Accountants

25a Market Place

Inverurie

AB51 3PU

FIXED ASSETS

Tangible assets

4

225

282

CURRENT ASSETS

Debtors

5

31,149

32,415

Cash at bank

6

32

31,155

32,447

CREDITORS

Amounts falling due within one year

6

11,660

11,045

NET CURRENT ASSETS

19,495

21,402

TOTAL ASSETS LESS CURRENT LIABILITIES

19,720

21,684

CREDITORS

Amounts falling due after more than one year

7

12,500

13,625

NET ASSETS

7,220

8,059

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(2,780

)

(1,941

)

7,220

8,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

Mr G L Nicol - Director

1.	STATUTORY INFORMATION

Shetland Truck & Van 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.

Tangible fixed assets

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

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2024

and 31 August 2025

2,988

DEPRECIATION

At 1 September 2024

2,706

Charge for year

57

At 31 August 2025

2,763

NET BOOK VALUE

At 31 August 2025

225

At 31 August 2024

282

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

31,149

32,415

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

10,000

10,000

Other creditors

1,660

1,045

11,660

11,045

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

12,500

13,625

8.	RELATED PARTY DISCLOSURES

Mr G Nicol and Mr G Adie are also director's of VFM Scotland Limited, a company registered in Scotland. At the balance sheet date, the amount due from VFM Scotland Limited was £31,148.64 (2024 - £32,415.08).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Nicol & Mr G Adie, who each own 50% of the share capital.