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Registration number: SC216423

Grainstatus Ltd
Unaudited Financial Statements
for the Year Ended 31 March 2026

Grainstatus Ltd

Contents

Statement of Financial Position | 1 to 2
Notes to the Financial Statements | 3 to 7

Grainstatus Ltd

(Registration number: SC216423)
Statement of Financial Position as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 18,711 | 13,800
Current assets |  |  |
Stocks |  | 37,427 | 37,427
Debtors | 5 | 30,693 | 29,721
Cash at bank and in hand |  | 57,006 | 54,809
|  | 125,126 | 121,957
Creditors: Amounts falling due within one year | 6 | (143,949) | (122,743)
Net current liabilities |  | (18,823) | (786)
Total assets less current liabilities |  | (112) | 13,014
Provisions for liabilities |  | 113 | (2,447)
Net assets |  | 1 | 10,567
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | - | 10,566
Shareholders' funds |  | 1 | 10,567

For the financial 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.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 1 July 2026 and signed on its behalf by:

Grainstatus Ltd

(Registration number: SC216423)
Statement of Financial Position as at 31 March 2026

......................................... Mr Mark Robb Company secretary and director

Grainstatus Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

1 | General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
118 High Street
Carnoustie
Angus
DD7 7EB

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Grainstatus Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 15% reducing balance
Fixtures & Fittings | 33% straight line
Motor Vehicles | 25% reducing balance
Equipment | 33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Grainstatus Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 27 (2025 - 29).

Grainstatus Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 4,550 | 54,209 | 1,599 | 17,750 | 78,108
Additions | - | - | - | 16,888 | 16,888
Disposals | - | - | - | (17,000) | (17,000)
At 31 March 2026 | 4,550 | 54,209 | 1,599 | 17,638 | 77,996
Depreciation
At 1 April 2025 | 4,550 | 42,909 | 1,471 | 15,378 | 64,308
Charge for the year | - | 1,695 | 42 | 4,264 | 6,001
Eliminated on disposal | - | - | - | (11,024) | (11,024)
At 31 March 2026 | 4,550 | 44,604 | 1,513 | 8,618 | 59,285
Carrying amount
At 31 March 2026 | - | 9,605 | 86 | 9,020 | 18,711
At 31 March 2025 | - | 11,300 | 128 | 2,372 | 13,800

5 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 12,456 | 11,863
Prepayments | 4,388 | 6,324
Other debtors | 13,849 | 11,534
| 30,693 | 29,721

Grainstatus Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 7 | 7,380 | -
Trade creditors |  | 37,092 | 49,365
Taxation and social security |  | 63,445 | 61,777
Accruals and deferred income |  | 12,259 | 10,795
Other creditors |  | 23,773 | 806
|  | 143,949 | 122,743

7 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Hire purchase contracts | 7,380 | -

8 | Dividends

|  | 2026 |  | 2025
|  | £ |  | £
Final dividend of £57,509.00 (2025 - £43,480.00) per ordinary share |  | 57,509 |  | 43,480