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REGISTERED NUMBER: SC272215 (Scotland)

Financial Statements for the Year Ended 31 January 2026

for

G SMITH LTD

| G SMITH LTD (REGISTERED NUMBER: SC272215) |

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| G SMITH LTD |

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | G C Smith

| J Simpson

| REGISTERED OFFICE: | Riverview

| Marykirk

| Laurencekirk

| Kincardineshire

| AB30 1UT

| REGISTERED NUMBER: | SC272215 (Scotland)

| ACCOUNTANTS: | Account Tax Ltd

| Chartered Certified Accountants

| 12 Traill Drive

| Montrose

| Angus

| DD10 8SW

| G SMITH LTD (REGISTERED NUMBER: SC272215) |

Balance Sheet

31 January 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 1,900 |  |

Tangible assets | 5 | 1,746 |  | 1,914 |  |

1,746 |  | 3,814 |  |

CURRENT ASSETS

Stocks | 8,106 |  | 7,573 |  |

Debtors | 6 | 1,493 |  | 1,086 |  |

Cash at bank and in hand | 54,841 |  | 49,795 |  |

64,440 |  | 58,454 |  |

CREDITORS

Amounts falling due within one year | 7 | 14,540 |  | 9,722 |  |

NET CURRENT ASSETS | 49,900 |  | 48,732 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 51,646 |  | 52,546 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 51,644 |  | 52,544 |  |

SHAREHOLDERS' FUNDS | 51,646 |  | 52,546 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| G SMITH LTD (REGISTERED NUMBER: SC272215) |

Balance Sheet - continued

31 January 2026

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

G C Smith - Director

| G SMITH LTD (REGISTERED NUMBER: SC272215) |

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| G 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.

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stock

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

| G SMITH LTD (REGISTERED NUMBER: SC272215) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all material 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2025 - 4 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 19,000 |  |

| AMORTISATION

| At 1 February 2025 | 17,100 |  |

| Charge for year | 1,900 |  |

| At 31 January 2026 | 19,000 |  |

| NET BOOK VALUE

| At 31 January 2026 | - |  |

| At 31 January 2025 | 1,900 |  |

| G SMITH LTD (REGISTERED NUMBER: SC272215) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2025 | 2,504 |  | 7,947 |  | 8,995 |  | 19,446 |  |

| Additions | - |  | 340 |  | - |  | 340 |  |

| At 31 January 2026 | 2,504 |  | 8,287 |  | 8,995 |  | 19,786 |  |

| DEPRECIATION

| At 1 February 2025 | 1,863 |  | 7,107 |  | 8,562 |  | 17,532 |  |

| Charge for year | 161 |  | 239 |  | 108 |  | 508 |  |

| At 31 January 2026 | 2,024 |  | 7,346 |  | 8,670 |  | 18,040 |  |

| NET BOOK VALUE

| At 31 January 2026 | 480 |  | 941 |  | 325 |  | 1,746 |  |

| At 31 January 2025 | 641 |  | 840 |  | 433 |  | 1,914 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 1,493 |  | 1,086 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 8,430 |  | 5,845 |  |

| Taxation and social security | 4,641 |  | 2,769 |  |

| Other creditors | 1,469 |  | 1,108 |  |

14,540 |  | 9,722 |  |

8. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £15,000 (2025 - £5,000) were paid to the directors .

| The company was under control of G C Smith and J Simpson throughout the current and previous year

| During the year the directors advanced the company net amounts totalling £341. As at 31 January 2026, included within other creditors, is a balance outstanding due to the director of £659 (2025 - £318) No interest was paid on this loan.