IRIS Accounts Production v26.1.0.640 SC399242 Board of Directors 6.4.25 5.4.26 5.4.26 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC399242 2025-04-05 SC399242 2026-04-05 SC399242 2025-04-06 2026-04-05 SC399242 2024-04-05 SC399242 2024-04-06 2025-04-05 SC399242 2025-04-05 SC399242 ns15:Scotland 2025-04-06 2026-04-05 SC399242 ns14:PoundSterling 2025-04-06 2026-04-05 SC399242 ns10:Director1 2025-04-06 2026-04-05 SC399242 ns10:PrivateLimitedCompanyLtd 2025-04-06 2026-04-05 SC399242 ns10:SmallEntities 2025-04-06 2026-04-05 SC399242 ns10:AuditExempt-NoAccountantsReport 2025-04-06 2026-04-05 SC399242 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-06 2026-04-05 SC399242 ns10:SmallCompaniesRegimeForAccounts 2025-04-06 2026-04-05 SC399242 ns10:FullAccounts 2025-04-06 2026-04-05 SC399242 1 2025-04-06 2026-04-05 SC399242 ns10:Director2 2025-04-06 2026-04-05 SC399242 ns10:CompanySecretary1 2025-04-06 2026-04-05 SC399242 ns10:RegisteredOffice 2025-04-06 2026-04-05 SC399242 ns5:CurrentFinancialInstruments 2026-04-05 SC399242 ns5:CurrentFinancialInstruments 2025-04-05 SC399242 ns5:ShareCapital 2026-04-05 SC399242 ns5:ShareCapital 2025-04-05 SC399242 ns5:RetainedEarningsAccumulatedLosses 2026-04-05 SC399242 ns5:RetainedEarningsAccumulatedLosses 2025-04-05 SC399242 ns5:NetGoodwill 2025-04-06 2026-04-05 SC399242 ns5:FurnitureFittings 2025-04-06 2026-04-05 SC399242 ns5:ComputerEquipment 2025-04-06 2026-04-05 SC399242 ns5:NetGoodwill 2025-04-05 SC399242 ns5:NetGoodwill 2026-04-05 SC399242 ns5:NetGoodwill 2025-04-05 SC399242 ns5:FurnitureFittings 2025-04-05 SC399242 ns5:ComputerEquipment 2025-04-05 SC399242 ns5:FurnitureFittings 2026-04-05 SC399242 ns5:ComputerEquipment 2026-04-05 SC399242 ns5:FurnitureFittings 2025-04-05 SC399242 ns5:ComputerEquipment 2025-04-05 SC399242 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-04-05 SC399242 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-05 SC399242 ns5:DeferredTaxation 2025-04-05 SC399242 ns5:DeferredTaxation 2025-04-06 2026-04-05 SC399242 ns5:DeferredTaxation 2026-04-05

REGISTERED NUMBER: SC399242 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 5 APRIL 2026 |

| FOR |

| DAVID KEDDIE WEALTH MANAGEMENT LTD |

DAVID KEDDIE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC399242)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 5 April 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

DAVID KEDDIE WEALTH MANAGEMENT LTD

COMPANY INFORMATION

for the year ended 5 April 2026

| DIRECTORS: | Mr D Keddie

| Mrs J Keddie

| SECRETARY: | Mr D Keddie

| REGISTERED OFFICE: | Unit 2, Prospect House

| Prospect Business Centre

| Dundee Technology Park

| Dundee

| DD2 1TY

| REGISTERED NUMBER: | SC399242 (Scotland)

| ACCOUNTANTS: | S&W Partners (Scotland) Limited

| Wallace House

| Maxwell Place

| Stirling

| FK8 1JU

DAVID KEDDIE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC399242)

BALANCE SHEET

5 April 2026

| 2026 |  | 2025

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 6,932 |  | 7,922 |  |

Tangible assets | 5 | 5,152 |  | 3,306 |  |

12,084 |  | 11,228 |  |

CURRENT ASSETS

Debtors | 6 | 48,086 |  | 42,254 |  |

Cash at bank | 185,497 |  | 205,018 |  |

233,583 |  | 247,272 |  |

CREDITORS

Amounts falling due within one year | 7 | (44,082 | ) | (43,484 | ) |

NET CURRENT ASSETS | 189,501 |  | 203,788 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 201,585 |  | 215,016 |  |

PROVISIONS FOR LIABILITIES | 8 | (1,236 | ) | (787 | ) |

NET ASSETS | 200,349 |  | 214,229 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | 200,149 |  | 214,029 |  |

SHAREHOLDERS' FUNDS | 200,349 |  | 214,229 |  |

DAVID KEDDIE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC399242)

BALANCE SHEET - continued

5 April 2026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by:

Mr D Keddie - Director

DAVID KEDDIE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC399242)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 5 April 2026

1. | STATUTORY INFORMATION

| David Keddie Wealth Management 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 commissions and other income received for services provided.

| GOODWILL

| Goodwill, being the amount paid in connection with the acquisition of a business in 2011 and 2024, is being amortised evenly over its estimated useful life of ten years.

| 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.

| Fixtures and fittings | - | 20% per annum reducing balance

| Computer equipment | - | 25% per annum on cost and 20% per annum reducing balance

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

DAVID KEDDIE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC399242)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 5 April 2026

2. | ACCOUNTING POLICIES - continued

| FINANCIAL INSTRUMENTS

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument subsequently at amortised cost.

| Financial assets that are measured at cost and 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 comprehensive income.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| 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.

| 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.

| 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.

| HIRE PURCHASE AND LEASING COMMITMENTS

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

DAVID KEDDIE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC399242)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 5 April 2026

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 6 April 2025

| and 5 April 2026 | 18,402 |  |

| AMORTISATION

| At 6 April 2025 | 10,480 |  |

| Amortisation for year | 990 |  |

| At 5 April 2026 | 11,470 |  |

| NET BOOK VALUE

| At 5 April 2026 | 6,932 |  |

| At 5 April 2025 | 7,922 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 6 April 2025 | 2,467 |  | 6,884 |  | 9,351 |  |

| Additions | - |  | 3,197 |  | 3,197 |  |

| Disposals | - |  | (950 | ) | (950 | ) |

| At 5 April 2026 | 2,467 |  | 9,131 |  | 11,598 |  |

| DEPRECIATION

| At 6 April 2025 | 1,992 |  | 4,053 |  | 6,045 |  |

| Charge for year | 95 |  | 1,256 |  | 1,351 |  |

| Eliminated on disposal | - |  | (950 | ) | (950 | ) |

| At 5 April 2026 | 2,087 |  | 4,359 |  | 6,446 |  |

| NET BOOK VALUE

| At 5 April 2026 | 380 |  | 4,772 |  | 5,152 |  |

| At 5 April 2025 | 475 |  | 2,831 |  | 3,306 |  |

DAVID KEDDIE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC399242)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 5 April 2026

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

2026 | 2025 |

£ | £ |

| Trade debtors | 44,628 |  | 39,512 |  |

| Other debtors | 3,458 |  | 2,742 |  |

48,086 |  | 42,254 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 2,816 |  | 4,842 |  |

| Taxation and social security | 38,887 |  | 35,740 |  |

| Other creditors | 2,379 |  | 2,902 |  |

44,082 |  | 43,484 |  |

8. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax | 1,236 |  | 787 |  |

| Deferred |

| tax |

£ |

| Balance at 6 April 2025 | 787 |  |

| Charge to Statement of Income and Retained Earnings during year | 449 |  |

| Balance at 5 April 2026 | 1,236 |  |

9. | LEASING AGREEMENTS

| As at the balance sheet date the total minimum lease payments due under non-cancellable operating lease amounts to £20,400 (2025: £3,048).