REGISTERED NUMBER: SC231281 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

COMPLEMENTS OF SCOTLAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S B Kayne

Mrs S Kayne

Dr L Kayne

SECRETARY:

Dr S B Kayne

REGISTERED OFFICE:

20 Main Street

Busby

Glasgow

GLASGOW

G76 8DU

REGISTERED NUMBER:

SC231281 (Scotland)

ACCOUNTANTS:

Bannerman Johnstone Maclay

213 St Vincent Street

Glasgow

G2 5QY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,361

12,454

10,361

12,454

CURRENT ASSETS

Stocks

29,098

35,235

Debtors

6

153,325

154,240

Cash at bank and in hand

151,996

126,470

334,419

315,945

CREDITORS

Amounts falling due within one year

7

85,523

81,002

NET CURRENT ASSETS

248,896

234,943

TOTAL ASSETS LESS CURRENT LIABILITIES

259,257

247,397

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

259,157

247,297

SHAREHOLDERS' FUNDS

259,257

247,397

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 28 July 2026 and were signed on its behalf by:

Dr L Kayne - Director

1.	STATUTORY INFORMATION

Complements of Scotland 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2002, is being amortised evenly over its estimated useful life of ten 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 etc

-

33% on cost, 15% on cost and 15% 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 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.

Basic financial assets

Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including certain creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

450,000

AMORTISATION

At 1 November 2024

and 31 October 2025

450,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

180,731

Additions

2,748

At 31 October 2025

183,479

DEPRECIATION

At 1 November 2024

168,277

Charge for year

4,841

At 31 October 2025

173,118

NET BOOK VALUE

At 31 October 2025

10,361

At 31 October 2024

12,454

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,329

7,119

Amounts due from related undertakings

51,892

51,275

Other debtors

97,104

95,846

153,325

154,240

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

11,461

30,019

Taxation and social security

52,463

42,755

Other creditors

21,599

8,228

85,523

81,002

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

Dr L Kayne

Balance outstanding at start of year

49,333

67,857

Amounts advanced

10,896

10,226

Amounts repaid

(13,750

)

(28,750

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

46,479

49,333

Mrs S Kayne

Balance outstanding at start of year

46

8,260

Amounts advanced

4,163

3,386

Amounts repaid

(4,200

)

(11,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9

46

Dr S B Kayne

Balance outstanding at start of year

24

17,534

Amounts advanced

5,980

19,110

Amounts repaid

(6,000

)

(36,620

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4

24