REGISTERED NUMBER: SC321669 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Naysmith Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Naysmith

Ms C Naysmith

SECRETARY:

Ms C Naysmith

REGISTERED OFFICE:

Unit 5/6 Polbeth Industrial Estate

Polbeth

West Calder

West Lothian

EH55 8TJ

REGISTERED NUMBER:

SC321669 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,794

3,725

2,794

3,725

CURRENT ASSETS

Stocks

64,342

74,152

Debtors

6

11,996

8,527

Prepayments and accrued income

290

452

Cash at bank and in hand

2,338

2,614

78,966

85,745

CREDITORS

Amounts falling due within one year

7

45,551

50,493

NET CURRENT ASSETS

33,415

35,252

TOTAL ASSETS LESS CURRENT LIABILITIES

36,209

38,977

CREDITORS

Amounts falling due after more than one year

8

(27,546

)

(32,696

)

PROVISIONS FOR LIABILITIES

(698

)

(931

)

NET ASSETS

7,965

5,350

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

7,665

5,050

SHAREHOLDERS' FUNDS

7,965

5,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 21 July 2026 and were signed on its behalf by:

Mrs L Naysmith - Director

1.	STATUTORY INFORMATION

Naysmith Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of eight years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipments

-

25% on reducing balance

Stocks

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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

The company has elected to apply Section 11 'Basic Financial Instruments' of FRS102 to its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

- Debtors

Debtors with no stated interest rate or which are receivable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the income statement.

- Creditors

Creditors with no stated interest rate or which are payable within one year are recorded at the transaction price.

All interest bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable. After initial recognition they are measured at amortised 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Charge over company assets

As at 31st March 2026, the company had the following charge registered with Companies House in respect of security granted over its assets. This is a fixed and floating charge created 10 June 2008 in favour Bank of Scotland Plc, covering all present and future assets including book debts, stock and property.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

125,000

AMORTISATION

At 1 April 2025

and 31 March 2026

125,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipments

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

210

20,733

24,989

45,932

DEPRECIATION

At 1 April 2025

209

19,543

22,455

42,207

Charge for year

-

297

634

931

At 31 March 2026

209

19,840

23,089

43,138

NET BOOK VALUE

At 31 March 2026

1

893

1,900

2,794

At 31 March 2025

1

1,190

2,534

3,725

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

569

-

Other debtors

11,427

7,898

VAT

-

629

11,996

8,527

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

7,230

10,668

Trade creditors

18,110

15,733

Credit Card Liability

4,132

3,485

Tax

939

4,697

Social security and other taxes

1,177

1,741

VAT

130

-

Other creditors

591

715

Directors' current accounts

13,242

13,454

45,551

50,493

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

3,232

Directors loan

27,546

29,464

27,546

32,696

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £588 (2025 - £588) were paid to the directors .