Company registration number SC704238 (Scotland)
GHILLIE SMITH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
GHILLIE SMITH LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GHILLIE SMITH LTD
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
31 January 2026
31 July 2024
£
£
£
£
Fixed assets
Tangible assets
4
-
0
3,457
Current assets
Debtors
5
11,691
-
0
Cash at bank and in hand
2,751
13,600
14,442
13,600
Creditors: amounts falling due within one year
6
(14,342)
(17,833)
Net current assets/(liabilities)
100
(4,233)
Total assets less current liabilities
100
(776)
Provisions for liabilities
-
0
(691)
Net assets/(liabilities)
100
(1,467)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
-
0
(1,567)
Total equity
100
(1,467)

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 25 March 2026
Mrs G E Smith
Director
Company registration number SC704238 (Scotland)
GHILLIE SMITH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -
1
Accounting policies
Company information

Ghillie Smith Ltd 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.

1.1
Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
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 a reducing balance basis
Computer equipment
25% on a straight line basis
1.4
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

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 been 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 differences.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GHILLIE SMITH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
2
Employees

The average number of employees during the year was 1 (2024 - 1).

2026
2024
Number
Number
Total
1
1
3
Taxation
2026
2024
£
£
Current tax
UK corporation tax on profits for the current period
11,128
12,424
Deferred tax
Origination and reversal of timing differences
(691)
(316)
Total tax charge
10,437
12,108
4
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 August 2024
4,996
2,581
7,577
Additions
-
0
1,946
1,946
Disposals
(4,996)
(4,527)
(9,523)
At 31 January 2026
-
0
-
0
-
0
Depreciation and impairment
At 1 August 2024
2,185
1,935
4,120
Depreciation charged in the year
1,054
1,517
2,571
Eliminated in respect of disposals
(3,239)
(3,452)
(6,691)
At 31 January 2026
-
0
-
0
-
0
Carrying amount
At 31 January 2026
-
0
-
0
-
0
At 31 July 2024
2,811
646
3,457
GHILLIE SMITH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
5
Debtors
2026
2024
Amounts falling due within one year:
£
£
Other debtors
11,691
-
0
6
Creditors: amounts falling due within one year
2026
2024
£
£
Corporation tax
11,128
12,424
Other taxation and social security
157
3,276
Other creditors
3,057
2,133
14,342
17,833
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