Smart Group (Scotland) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC466792 (Scotland)

Unaudited Financial Statements

For The Period 1 August 2024 to 31 October 2025

for

Smart Group (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

J L Harkins

REGISTERED OFFICE:

Solar House

121 Deerdykes View

Cumbernauld

Glasgow

G68 9HN

REGISTERED NUMBER:

SC466792 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

74,212

67,488

CURRENT ASSETS

Stocks

-

20,989

Debtors

5

194,577

111,146

Investments

6

1

Cash at bank

28,704

16,504

223,282

148,640

CREDITORS

Amounts falling due within one year

7

272,961

143,873

NET CURRENT (LIABILITIES)/ASSETS

(49,679

)

4,767

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,533

72,255

CREDITORS

Amounts falling due after more than one year

8

31,380

66,923

NET (LIABILITIES)/ASSETS

(6,847

)

5,332

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(6,947

)

5,232

(6,847

)

5,332

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

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

The director acknowledges his 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 director and authorised for issue on 31 July 2026 and were signed by:

J L Harkins - Director

1.	STATUTORY INFORMATION

Smart Group (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.

Management have reviewed the financial position of the business and believe the business will continue for the foreseeable future. Therefore, the accounts have been prepared on the going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

33% on cost and 15% on reducing balance

Computer equipment

-

10% on cost

Stocks

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

Taxation

Taxation for the period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 August 2024

1,103

110,977

38,335

150,415

Additions

1,990

21,531

2,549

26,070

At 31 October 2025

3,093

132,508

40,884

176,485

DEPRECIATION

At 1 August 2024

1,103

57,306

24,518

82,927

Charge for period

199

17,857

1,290

19,346

At 31 October 2025

1,302

75,163

25,808

102,273

NET BOOK VALUE

At 31 October 2025

1,791

57,345

15,076

74,212

At 31 July 2024

-

53,671

13,817

67,488

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Motor

vehicles

£

COST

At 1 August 2024

57,356

Additions

21,531

At 31 October 2025

78,887

DEPRECIATION

At 1 August 2024

21,833

Charge for period

16,070

At 31 October 2025

37,903

NET BOOK VALUE

At 31 October 2025

40,984

At 31 July 2024

35,523

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.7.24

£

Trade debtors

172,375

102,009

Other debtors

22,202

9,137

194,577

111,146

6.	CURRENT ASSET INVESTMENTS

31.10.25

31.7.24

£

Shares in group undertakings

1

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.7.24

£

Bank loans and overdrafts

5,834

10,000

Hire purchase contracts and finance leases

34,675

16,660

Trade creditors

159,159

46,653

Taxation and social security

4,164

3,637

Other creditors

69,129

66,923

272,961

143,873

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.7.24

£

Bank loans

-

8,334

Hire purchase contracts and finance leases

31,380

58,589

31,380

66,923

9.	RELATED PARTY DISCLOSURES

AT 31/10/2025, Smart Group (Scotland) Ltd was owed £5,000 (PY - £0) from Smart Group Building Services Ltd. The companies share a director.

The following reproduces the text of the report prepared for the director 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 Director 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 Smart Group (Scotland) Limited for the period ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Smart Group (Scotland) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smart Group (Scotland) Limited and state those matters that we have agreed to state to the director of Smart Group (Scotland) Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Smart Group (Scotland) 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 loss of Smart Group (Scotland) Limited. You consider that Smart Group (Scotland) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Smart Group (Scotland) 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

31 July 2026