REGISTERED NUMBER: SC625990 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Muggshot Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A D Muggoch

REGISTERED OFFICE:

Ragusa

Rhu

Helensburgh

G84 8NH

REGISTERED NUMBER:

SC625990 (Scotland)

ACCOUNTANTS:

Clements

Chartered Accountants

17 Colquhoun Square

Helensburgh

G84 8AD

FIXED ASSETS

Tangible assets

4

-

333

Investments

5

53,368

53,368

53,368

53,701

CURRENT ASSETS

Debtors

6

16,752

33,504

Cash at bank

1,648,168

1,342,034

1,664,920

1,375,538

CREDITORS

Amounts falling due within one year

7

192,381

153,324

NET CURRENT ASSETS

1,472,539

1,222,214

TOTAL ASSETS LESS CURRENT LIABILITIES

1,525,907

1,275,915

PROVISIONS FOR LIABILITIES

-

83

NET ASSETS

1,525,907

1,275,832

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,525,807

1,275,732

SHAREHOLDERS' FUNDS

1,525,907

1,275,832

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

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

The financial statements were approved by the director and authorised for issue on 15 May 2026 and were signed by:

A D Muggoch - Director

1.	STATUTORY INFORMATION

Muggshot 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.

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

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax. The company recognises revenue when it has the right to receive it.

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.

Computer equipment

-

33% on cost

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

Investments

Investments held as fixed assets are recognised at fair value which is equivalent to market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

8,235

DEPRECIATION

At 1 April 2025

7,902

Charge for year

333

At 31 March 2026

8,235

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

333

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

53,368

NET BOOK VALUE

At 31 March 2026

53,368

At 31 March 2025

53,368

The fair value of Investments is the equivalent of cost £53,368.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

16,752

33,504

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

173,037

148,887

Other creditors

19,344

4,437

192,381

153,324

Included in other creditors is the director's current account which is unsecured, interest free and repayable on demand.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £166,000 (2025 - £90,000) were paid to the director .