Company registration number SC260173 (Scotland)
FWA (SCOTLAND) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
FWA (SCOTLAND) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
FWA (SCOTLAND) LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
5,746
5,662
Investments
5
-
0
100
5,746
5,762
Current assets
Stocks
95,678
120,942
Debtors
6
756,910
1,107,179
Investments
7
134,349
86,683
Cash at bank and in hand
643,430
478,364
1,630,367
1,793,168
Creditors: amounts falling due within one year
8
(237,249)
(454,044)
Net current assets
1,393,118
1,339,124
Total assets less current liabilities
1,398,864
1,344,886
Creditors: amounts falling due after more than one year
9
(31,748)
(30,911)
Provisions for liabilities
(609)
629
Net assets
1,366,507
1,314,604
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,366,506
1,314,603
Total equity
1,366,507
1,314,604
FWA (SCOTLAND) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 23 June 2026
Mrs Eufrasia Wright
Director
Company registration number SC260173 (Scotland)
FWA (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

FWA (Scotland) Limited is a private company limited by shares incorporated in Scotland. The registered office is The Barn, Stacklawhill, Stewarton, Ayrshire, KA3 3EJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which shall not exceed ten years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

FWA (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% reducing balance
Computers
33% reducing balance

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.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

FWA (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

FWA (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 6 -
1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
29
53
3
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2025 and 31 January 2026
480,000
Amortisation and impairment
At 1 February 2025 and 31 January 2026
480,000
Carrying amount
At 31 January 2026
-
0
At 31 January 2025
-
0
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 February 2025
12,985
50,175
63,160
Additions
390
1,318
1,708
At 31 January 2026
13,375
51,493
64,868
Depreciation and impairment
At 1 February 2025
10,753
46,745
57,498
Depreciation charged in the year
361
1,263
1,624
At 31 January 2026
11,114
48,008
59,122
FWA (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
(Continued)
- 7 -
Carrying amount
At 31 January 2026
2,261
3,485
5,746
At 31 January 2025
2,232
3,430
5,662
5
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
-
0
100
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 February 2025 & 31 January 2026
100
Impairment
At 1 February 2025
-
Disposals
100
At 31 January 2026
100
Carrying amount
At 31 January 2026
-
At 31 January 2025
100
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
91,798
419,975
Other debtors
665,112
687,204
756,910
1,107,179
FWA (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 8 -
7
Current asset investments
2026
2025
£
£
Other investments
134,349
86,683
8
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
1,858
551
Corporation tax
94,539
135,122
Other taxation and social security
87,563
192,175
Other creditors
53,289
126,196
237,249
454,044
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
31,748
30,911
10
Related party transactions

The following amounts were outstanding at the reporting end date:

2026
2025
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
649,419
670,919
2026-01-31 2025-02-01 false false false 23 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs E Wright SC260173 2025-02-01 2026-01-31 SC260173 2026-01-31 SC260173 2025-01-31 SC260173 core:FurnitureFittings 2026-01-31 SC260173 core:ComputerEquipment 2026-01-31 SC260173 core:FurnitureFittings 2025-01-31 SC260173 core:ComputerEquipment 2025-01-31 SC260173 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 SC260173 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 SC260173 core:Non-currentFinancialInstruments core:AfterOneYear 2026-01-31 SC260173 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 SC260173 core:CurrentFinancialInstruments 2026-01-31 SC260173 core:CurrentFinancialInstruments 2025-01-31 SC260173 core:ShareCapital 2026-01-31 SC260173 core:ShareCapital 2025-01-31 SC260173 core:RetainedEarningsAccumulatedLosses 2026-01-31 SC260173 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC260173 bus:Director1 2025-02-01 2026-01-31 SC260173 core:Goodwill 2025-02-01 2026-01-31 SC260173 core:FurnitureFittings 2025-02-01 2026-01-31 SC260173 core:ComputerEquipment 2025-02-01 2026-01-31 SC260173 2024-02-01 2025-01-31 SC260173 core:NetGoodwill 2025-01-31 SC260173 core:NetGoodwill 2026-01-31 SC260173 core:NetGoodwill 2025-01-31 SC260173 core:FurnitureFittings 2025-01-31 SC260173 core:ComputerEquipment 2025-01-31 SC260173 2025-01-31 SC260173 core:Non-currentFinancialInstruments 2026-01-31 SC260173 core:Non-currentFinancialInstruments 2025-01-31 SC260173 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC260173 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC260173 bus:FRS102 2025-02-01 2026-01-31 SC260173 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 SC260173 bus:FullAccounts 2025-02-01 2026-01-31 xbrli:pure xbrli:shares iso4217:GBP