REGISTERED NUMBER: SC238865 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ALIAS SMITH & GARRATT LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A H Garratt

Mrs W J Garratt

H H S Garratt

SECRETARY:

Mrs W J Garratt

REGISTERED OFFICE:

The Guildhall

Ladykirk

Berwick Upon Tweed

Berwickshire

TD15 1XL

REGISTERED NUMBER:

SC238865 (Scotland)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alias Smith & Garratt Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Alias Smith & Garratt Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alias Smith & Garratt Limited and state those matters that we have agreed to state to the Board of Directors of Alias Smith & Garratt Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alias Smith & Garratt Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alias Smith & Garratt Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alias Smith & Garratt Limited. You consider that Alias Smith & Garratt Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alias Smith & Garratt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

10 July 2026

FIXED ASSETS

Tangible assets

4

110,165

94,810

CURRENT ASSETS

Stocks

145,969

134,714

Debtors

5

127,734

130,283

Investments

6

223,946

84,998

Cash at bank and in hand

386,907

228,125

884,556

578,120

CREDITORS

Amounts falling due within one year

7

327,902

237,544

NET CURRENT ASSETS

556,654

340,576

TOTAL ASSETS LESS CURRENT LIABILITIES

666,819

435,386

CREDITORS

Amounts falling due after more than one year

8

-

(10,834

)

PROVISIONS FOR LIABILITIES

(12,539

)

(7,979

)

NET ASSETS

654,280

416,573

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

18,380

9,079

Retained earnings

635,800

407,394

654,280

416,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

A H Garratt - Director

1.	STATUTORY INFORMATION

Alias Smith & Garratt 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.

Changes in accounting policies

These financial statements, for the year ended 31 October 2025, are the first the company has prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. For periods up to and including the year ended 31 October 2024, the company prepared its financial statements in accordance with FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime.

The date of transition to FRS 102 is 1 November 2023. The transition to FRS 102 has resulted in changes to the accounting policies compared to those applied previously. The impacts of the transition from FRS 105 to FRS 102 on equity and profit or loss are shown on pages 11 to 13.

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 each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Fixtures & furnishings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

Motor

property

Equipment

& furnishings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

75,000

40,204

21,081

22,095

158,380

Additions

9,514

4,398

7,495

-

21,407

At 31 October 2025

84,514

44,602

28,576

22,095

179,787

DEPRECIATION

At 1 November 2024

-

32,512

10,535

20,523

63,570

Charge for year

-

2,203

3,456

393

6,052

At 31 October 2025

-

34,715

13,991

20,916

69,622

NET BOOK VALUE

At 31 October 2025

84,514

9,887

14,585

1,179

110,165

At 31 October 2024

75,000

7,692

10,546

1,572

94,810

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Trade debtors

127,675

120,769

Amounts recoverable on contract

-

9,514

Other debtors

59

-

127,734

130,283

6.	CURRENT ASSET INVESTMENTS

31/10/25

31/10/24

£

£

Investment portfolio

223,946

84,998

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans and overdrafts

10,834

16,250

Payments on account

400

550

Trade creditors

47,491

14,478

Taxation and social security

104,101

77,415

Other creditors

165,076

128,851

327,902

237,544

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans

-

10,834

9.

RESERVES

Revaluation

reserve

£

At 1 November 2024

9,079

Unrealised gain/loss

9,301

At 31 October 2025

18,380