REGISTERED NUMBER: SC334995 (Scotland)

Financial Statements

For The Year Ended 31 December 2025

for

Streetwise Services Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N T O'Neil

F Menzies

G M Nulty

SECRETARY:

N T O'Neil

REGISTERED OFFICE:

91 Alexander Street

Airdrie

North Lanarkshire

ML6 0BD

REGISTERED NUMBER:

SC334995 (Scotland)

ACCOUNTANTS:

Cahill Jack Associates Limited

91 Alexander Street

Airdrie

North Lanarkshire

ML6 0BD

FIXED ASSETS

Tangible assets

4

190,835

217,171

CURRENT ASSETS

Stocks

215,741

231,182

Debtors

5

800,384

921,208

Cash at bank

221,448

192,397

1,237,573

1,344,787

CREDITORS

Amounts falling due within one year

6

244,386

290,880

NET CURRENT ASSETS

993,187

1,053,907

TOTAL ASSETS LESS CURRENT LIABILITIES

1,184,022

1,271,078

CREDITORS

Amounts falling due after more than one year

7

-

(4,167

)

PROVISIONS FOR LIABILITIES

9

(46,577

)

(53,532

)

NET ASSETS

1,137,445

1,213,379

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,136,445

1,212,379

SHAREHOLDERS' FUNDS

1,137,445

1,213,379

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income 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:

F Menzies - Director

G M Nulty - Director

1.	STATUTORY INFORMATION

Streetwise Services 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.

Significant judgements and estimates

The preparation of financial information in compliance with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

The directors have identified the following areas which give rise to estimation uncertainty:

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and any residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account.

Debtors recoverability: For any balance considered irrecoverable, provision is made against the debtor. The remaining debtor balance at the year end not provided for, is therefore considered fully recoverable.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding trade discounts, value added tax and any other sales taxes The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from agreement to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the agreement.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible assets are stated at original cost less accumulated depreciation and accumulated impairment losses.

The company adds to the carrying amount of an item of fixed asset the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. Any carrying amount of the replaced part is written off. Repairs and maintenance are charged to the profit and loss during the year in which they are incurred except for any parts unused at the year end.

Asset residual values, useful lives and depreciation methods of relevant assets are reviewed, and adjusted prospectively if appropriate. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and recognised in the profit and loss during the year of disposal.

Stock & work-in-progress

Work in progress is valued at the lower of cost and net realisable value.

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.

Financial instruments

Trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans.

Any bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Forward currency contracts are derivative financial instruments. They are measured at fair value. Gains and losses arising from changes in the fair value of derivative financial instruments are included in the profit or loss in the period in which they arise.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Any borrowing costs are recognised in the profit and loss account in the year in which they are incurred.

Current and deferred tax

The tax for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge is attributed to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity. The current income tax and deferred tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax asset is limited to the extent that it is possible that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Current or deferred taxation assets and liabilities are not discounted.

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 short term employee 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.

Amounts in respect of defined contribution plans are recognised as an expense when they are incurred.

Short term employee benefits, including holiday pay, are recognised as an expense in the profit and loss in the period in which they are incurred.

Other items

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Holiday pay

A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 87 (2024 - 61 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

75,717

207,508

3,374

Additions

-

53,588

-

Disposals

-

(18,823

)

-

At 31 December 2025

75,717

242,273

3,374

DEPRECIATION

At 1 January 2025

49,065

111,846

3,195

Charge for year

2,665

34,665

44

Eliminated on disposal

-

(8,235

)

-

At 31 December 2025

51,730

138,276

3,239

NET BOOK VALUE

At 31 December 2025

23,987

103,997

135

At 31 December 2024

26,652

95,662

179

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

229,875

15,681

532,155

Additions

-

1,965

55,553

Disposals

(27,778

)

-

(46,601

)

At 31 December 2025

202,097

17,646

541,107

DEPRECIATION

At 1 January 2025

138,156

12,722

314,984

Charge for year

19,675

1,231

58,280

Eliminated on disposal

(14,757

)

-

(22,992

)

At 31 December 2025

143,074

13,953

350,272

NET BOOK VALUE

At 31 December 2025

59,023

3,693

190,835

At 31 December 2024

91,719

2,959

217,171

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

654,917

721,423

Amounts owed by participating interests

92,172

106,110

Other debtors

53,295

93,675

800,384

921,208

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,167

10,000

Trade creditors

9,285

21,379

Taxation and social security

215,844

248,561

Other creditors

15,090

10,940

244,386

290,880

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

4,167

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

4,167

14,167

Hire purchase creditors are secured on the assets concerned.

The BBL loan is supported by a 100% guarantee from the UK Government.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

46,577

53,532

Deferred

tax

£

Balance at 1 January 2025

53,532

Rate movement

Provision movement

(6,955

)

Balance at 31 December 2025

46,577

10.	RELATED PARTY DISCLOSURES

The company premises are rented from a pension scheme controlled by 2 of the directors. The rent paid in the year to 31 December 2025 was £25,200 (2024- £27,000).

The company also trades with Streetwise Properties Ltd which is under common ownership and control. The balance owed to Streetwise Services Ltd as at 31/12/2025 is £92,172.66.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N T O'Neil.