Advances or credits have been granted by the company to its director as follows:

The directors were advanced £121,870 (2023: £119,729) during the year and repaid £128,400 (2023: £131,450). Interest of £3,679 was charged on amounts owing. At the year end the directors owed the company £107,598 (2023: £110,449).

The average number of persons, including directors, employed by the company during the year was as follows:

Smart & Co (Scotland) Limited is a private company limited by shares incorporated in Scotland. The registered office is 5 Atholl Place, Perth, United Kingdom, PH1 5NE.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

(e) the company has relied on the specified exemption as a micro company contained in section 352 Companies Act 2014; the company has done so on the grounds that it is entitled to the benefit of that exemption as a small company and we confirm that the abridged financial statements have been properly prepared in accordance with section 353 Companies Act 2014.true