REGISTERED NUMBER: SC723263 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Perrell Jones Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms C G Perrell-Jones

REGISTERED OFFICE:

Cornerstone House

Station Road

Selkirk

TD7 5DJ

REGISTERED NUMBER:

SC723263 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Tangible assets

4

23,273

30,333

CURRENT ASSETS

Debtors

5

39,183

19,626

Cash at bank

123,529

102,735

162,712

122,361

CREDITORS

Amounts falling due within one year

6

35,488

32,877

NET CURRENT ASSETS

127,224

89,484

TOTAL ASSETS LESS CURRENT LIABILITIES

150,497

119,817

PROVISIONS FOR LIABILITIES

7

5,818

7,206

NET ASSETS

144,679

112,611

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

144,579

112,511

SHAREHOLDERS' FUNDS

144,679

112,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 June 2026 and were signed by:

Ms C G Perrell-Jones - Director

1.	STATUTORY INFORMATION

Perrell Jones Limited 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

1,076

60,976

7,026

69,078

Additions

-

2,931

-

2,931

At 28 February 2026

1,076

63,907

7,026

72,009

DEPRECIATION

At 1 March 2025

622

33,766

4,357

38,745

Charge for year

114

7,535

2,342

9,991

At 28 February 2026

736

41,301

6,699

48,736

NET BOOK VALUE

At 28 February 2026

340

22,606

327

23,273

At 28 February 2025

454

27,210

2,669

30,333

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

14,600

15,444

Directors' current accounts

24,059

3,655

Prepayments

524

527

39,183

19,626

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Tax

35,085

32,481

Social security and other taxes

(292

)

(146

)

Accrued expenses

695

542

35,488

32,877

7.	PROVISIONS FOR LIABILITIES

28.2.26

28.2.25

£

£

Deferred tax

5,818

7,206

Deferred

tax

£

Balance at 1 March 2025

As previously reported

7,125

Prior year adjustment

81

As restated

7,206

Provided during year

(1,388

)

Balance at 28 February 2026

5,818

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

28.2.26

28.2.25

£

£

Ms C G Perrell-Jones

Balance outstanding at start of year

3,656

34,446

Amounts advanced

105,119

114,127

Amounts repaid

(84,717

)

(144,917

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,058

3,656

Interest has been charged at the average rate of 2.25%. The loan was repaid shortly after the year end.