Registration number: SC256420

The Glenfinnan Consultancy Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

The Glenfinnan Consultancy Ltd

Company Information

Director

Mr E Cameron

Company secretary

Mrs H Cameron

Registered office

Benrinnes Crook of Devon Kinross KY13 0UL

Accountants

Ross McConnell Chartered Accountant3 High Street Kinross KY13 8AW

The Glenfinnan Consultancy Ltd

(Registration number: SC256420)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	6	270	539
Current assets
Debtors	7	1,460	620
Cash at bank and in hand		-	743
		1,460	1,363
Creditors: Amounts falling due within one year	8	(9,899)	(7,932)
Net current liabilities		(8,439)	(6,569)
Net liabilities		(8,169)	(6,030)
Capital and reserves
Called up share capital	9	2	2
Retained earnings		(8,171)	(6,032)
Shareholders' deficit		(8,169)	(6,030)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 May 2025
 

......................................... Mr E Cameron Director

The Glenfinnan Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Benrinnes
Crook of Devon
Kinross
KY13 0UL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

The Glenfinnan Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	20% straight line
Equipment	25% straight line

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

The Glenfinnan Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	269	574

The Glenfinnan Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5	Intangible assets

	Website  £	Total £
Cost or valuation
At 1 September 2024 and 31 August 2025	2,500	2,500
Amortisation
At 1 September 2024 and 31 August 2025	2,500	2,500
Carrying amount
At 31 August 2024 and 31 August 2025	-	-

6	Tangible Assets

	Fixtures & Fittings  £	Equipment  £	Total £
Cost or valuation
At 1 September 2024	6,189	5,247	11,436
At 31 August 2025	6,189	5,247	11,436
Depreciation
At 1 September 2024	5,770	5,007	10,777
Charge for the year	209	180	389
At 31 August 2025	5,979	5,187	11,166
Carrying amount
At 31 August 2025	210	60	270
At 31 August 2024	419	120	539

7

Debtors

Current	2025 £	2024 £
Other debtors	1,460	620
	1,460	620

The Glenfinnan Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		3,943	984
Taxation and social security		4,715	5,707
Accruals and deferred income		670	670
Other creditors		571	571
		9,899	7,932

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2