Company No: SC315335 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	16,936		61,026
		16,936		61,026
Current assets
Stocks		3,900		3,900
Debtors	4	180,990		185,820
Cash at bank and in hand		835,023		717,466
		1,019,913		907,186
Creditors: amounts falling due within one year	5	( 222,846)		( 167,747)
Net current assets		797,067		739,439
Total assets less current liabilities		814,003		800,465
Provision for liabilities		0		( 3,742)
Net assets		814,003		796,723
Capital and reserves
Called-up share capital	6	121		121
Share premium account		4,985		4,985
Capital redemption reserve		120		120
Profit and loss account		808,777		791,497
Total shareholders' funds		814,003		796,723

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Geddes Consulting Limited (registered number: SC315335) were approved and authorised for issue by the Board of Directors on 01 June 2026. They were signed on its behalf by:

Mr S Salter Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Geddes Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 17 Bernard Street, Edinburgh, EH6 6PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for planning advice net of VAT and trade discounts.

Revenue from the provision of planning advice is recognised upon the completion of the service, and when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost , net of depreciation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	4 years straight line
Fixtures and fittings	4 years straight line
Computer equipment	4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Work in progress represents the costs associated with professional services delivered to customers still ongoing at the year end. Cost comprises of direct materials and, where applicable, direct labour costs and those overheads that have been incurred in completing the professional services.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at cost.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		12

3. Tangible assets

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 February 2025	176,585		17,818		27,160		221,563
Additions	0		0		6,985		6,985
Disposals	( 74,545)		0		0		( 74,545)
At 31 January 2026	102,040		17,818		34,145		154,003
Accumulated depreciation
At 01 February 2025	128,429		15,680		16,428		160,537
Charge for the financial year	31,722		1,596		5,333		38,651
Disposals	( 62,121)		0		0		( 62,121)
At 31 January 2026	98,030		17,276		21,761		137,067
Net book value
At 31 January 2026	4,010		542		12,384		16,936
At 31 January 2025	48,156		2,138		10,732		61,026

4. Debtors

	2026		2025
	£		£
Trade debtors	129,201		143,549
Deferred tax asset	7,031		0
Other debtors	44,758		42,271
	180,990		185,820

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	9,683		2,074
Corporation tax	86,124		40,263
Other taxation and social security	60,351		60,252
Other creditors	66,688		65,158
	222,846		167,747

Within other creditors are hire purchase obligation of £nil (2024 - £4,299). This was secured over the assets to which they relate.

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1,212 Ordinary shares of £ 0.10 each	121		121

7. Financial commitments

Other financial commitments

	2026		2025
	£		£
Total commitments in relation to rental lease	0		7,513

8. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Key management personnel	4,897		24,288

During the year, advances of £175,422 were made and £194,926 was repaid. Interest of £113 was applied to the loan, bringing the closing balance as at 31 January 2026 to £4,897. The loan is unsecured with no fixed repayments terms and interest is charged at a rate of between 3.75% and 2.25%.