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Company registration number:
SC454008
Gael Moffat Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2026
Gael Moffat Limited
Abridged Statement of Financial Position
31 March 2026

| 2026 | 2025
--- | --- | ---
| £ | £
Current assets |  |  |  |
Debtors | 8,324 |  | 10,655 |
Cash at bank and in hand | 15,175 |  | 14,592 |
| 23,499 |  | 25,247 |
Creditors: amounts falling due within one year | (4,734 | ) | (10,102 | )
Net current assets | 18,765 |  | 15,145 |
Total assets less current liabilities | 18,765 |  | 15,145 |
Capital and reserves |  |  |  |
Called up share capital | 100 |  | 100 |
Profit and loss account | 18,665 |  | 15,045 |
Shareholders funds | 18,765 |  | 15,145 |

For the year ending
31 March 2026
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.

All of the members have consented to the preparation of the abridged statement of financial position for the year ended
31 March 2026
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
1 July 2026
, and are signed on behalf of the board by:

Miss G Moffat
Director

Company registration number:
SC454008
Gael Moffat Limited
Notes to the Abridged Financial Statements
Year ended
31 March 2026

## 1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
King Street Clinic
,
King Street
,
Dumfries
,
DG2 9AL
, Scotland.

## 2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current tax

Taxation Taxation for the period 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 period 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.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## 4 Average number of employees

The average number of persons employed by the company during the year was
1
(2025:
1.00
).

## 5 Fixed assets

| Tangible assets
--- | ---
| £
Cost |  |
At 1 April 2025 and 31 March 2026 | 3,000 |
Depreciation |  |
At 1 April 2025 and 31 March 2026 | 3,000 |
Carrying amount |  |
At 31 March 2026 | - |
At 31 March 2025 | - |