IRIS Accounts Production v25.4.12.37 SC442378 director 1.3.25 28.2.26 28.2.26 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC442378 2025-02-28 SC442378 2026-02-28 SC442378 2025-03-01 2026-02-28 SC442378 2024-02-28 SC442378 2024-02-29 2025-02-28 SC442378 2025-02-28 SC442378 ns15:Scotland 2025-03-01 2026-02-28 SC442378 ns14:PoundSterling 2025-03-01 2026-02-28 SC442378 ns10:Director1 2025-03-01 2026-02-28 SC442378 ns10:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 SC442378 ns10:SmallEntities 2025-03-01 2026-02-28 SC442378 ns10:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 SC442378 ns10:SmallCompaniesRegimeForDirectorsReport 2025-03-01 2026-02-28 SC442378 ns10:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 SC442378 ns10:FullAccounts 2025-03-01 2026-02-28 SC442378 ns10:RegisteredOffice 2025-03-01 2026-02-28 SC442378 ns5:CurrentFinancialInstruments 2026-02-28 SC442378 ns5:CurrentFinancialInstruments 2025-02-28 SC442378 ns5:ShareCapital 2026-02-28 SC442378 ns5:ShareCapital 2025-02-28 SC442378 ns5:RetainedEarningsAccumulatedLosses 2026-02-28 SC442378 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC442378 ns5:ComputerEquipment 2025-03-01 2026-02-28 SC442378 ns5:ComputerEquipment 2025-02-28 SC442378 ns5:ComputerEquipment 2026-02-28 SC442378 ns5:ComputerEquipment 2025-02-28

REGISTERED NUMBER: SC442378 (Scotland)

Tay Salmon Fly Limited

Unaudited Financial Statements

for the Year Ended 28th February 2026

| Tay Salmon Fly Limited (Registered number: SC442378) |

Contents of the Financial Statements

for the year ended 28th February 2026

| Page |

| Company information | 1 |

| Balance sheet | 2 |  | to |  | 3

| Notes to the financial statements | 4 |  | to |  | 5

| Tay Salmon Fly Limited |

Company Information

for the year ended 28th February 2026

| Director: | M S Ritchie

| Registered office: | 38 Hendersyde Drive

| Kelso

| Roxburghshire

| TD5 7TQ

| Registered number: | SC442378 (Scotland)

| Accountants: | Rennie Welch LLP

| Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| Tay Salmon Fly Limited (Registered number: SC442378) |

Balance Sheet

28th February 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 198 |  | 414 |  |

Current assets

Stocks | 26,983 |  | 33,615 |  |

Cash at bank | 7,689 |  | 6,504 |  |

34,672 |  | 40,119 |  |

Creditors

Amounts falling due within one year | 5 | 16,941 |  | 22,376 |  |

Net current assets | 17,731 |  | 17,743 |  |

Total assets less current liabilities | 17,929 |  | 18,157 |  |

Capital and reserves

Called up share capital | 1 |  | 1 |  |

Retained earnings | 17,928 |  | 18,156 |  |

17,929 |  | 18,157 |  |

| Tay Salmon Fly Limited (Registered number: SC442378) |

Balance Sheet - continued

28th February 2026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12th March 2026 and were signed by:

M S Ritchie - Director

| Tay Salmon Fly Limited (Registered number: SC442378) |

Notes to the Financial Statements

for the year ended 28th February 2026

1. | Statutory information

| Tay Salmon Fly 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.

| Turnover

| Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

| Turnover arising from from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

| 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.

| Office equipment | - | 25% on reducing balance and Straight line over 4 years

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

| Stocks

| Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

| Financial instruments

| The following assets and liabilities are classified as financial instruments - accruals and directors' loans.

| Directors' loans (being repayable on demand) and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

| 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.

| Tay Salmon Fly Limited (Registered number: SC442378) |

Notes to the Financial Statements - continued

for the year ended 28th February 2026

2. | Accounting policies - continued

| 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.

| Provisions

| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

| Going concern

| The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. | Employees and directors

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

4. | Tangible fixed assets

| Office

| equipment

£ |

| Cost

| At 1st March 2025

| and 28th February 2026 | 2,285 |  |

| Depreciation

| At 1st March 2025 | 1,871 |  |

| Charge for year | 216 |  |

| At 28th February 2026 | 2,087 |  |

| Net book value

| At 28th February 2026 | 198 |  |

| At 28th February 2025 | 414 |  |

5. | Creditors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Taxation and social security | - |  | 671 |  |

| Other creditors | 16,941 |  | 21,705 |  |

16,941 |  | 22,376 |  |