Stuart Grassie Engineering Limited

Stuart Grassie Engineering Limited
Registered number:		SC205185
Balance Sheet
at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		272			544
Investments	4		-			10
			272			554

Current assets
Debtors	5	791			32,571
Investments held as current assets	6	5,139,970			3,329,047
Cash at bank and in hand		32,266			2,508,617
		5,173,027			5,870,235

Creditors: amounts falling due within one year	7	(16,821)			(643,052)

Net current assets			5,156,206			5,227,183

Net assets			5,156,478			5,227,737

Capital and reserves
Called up share capital			100			100
Profit and loss account			5,156,378			5,227,637

Shareholder's funds			5,156,478			5,227,737

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr Stuart Liddle Grassie
Director
Approved by the board on 24 July 2026

Stuart Grassie Engineering Limited
Notes to the Financial Statements
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and grant income. Grant income is recognised as funds are expended for the grant purpose.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.

	Plant and machinery	25% per year

	Investments
	Profits and losses on investments are calculated by reference first to the cost of identical assets purchased the same day, next by reference to those purchased within the next 30 days and finally by reference to the cost of previous purchases.

	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.

	Taxation
	Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Employee benefits
	Short-term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred. The company operates stakeholder defined contribution pension schemes for the benefit of the employees and directors. The assets of the pension schemes are administered by an independent pensions provider.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery
£
	Cost
	At 1 April 2025				16,349
	At 31 March 2026				16,349

	Depreciation
	At 1 April 2025				15,805
	Charge for the year				272
	At 31 March 2026				16,077

	Net book value
	At 31 March 2026				272
	At 31 March 2025				544


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2025				10
	Disposals				(10)

	At 31 March 2026				-


5	Debtors		2026		2025
£				£

	Trade debtors		281		23,835
	Other taxes and social security		-		-
	Owed by subsidiary undertakings		-		5,064
	Prepayments and accrued income		510		3,672
			791		32,571


6	Investments held as current assets		2026		2025
£				£
	Fair value
	Listed investments		5,139,970		3,329,047



7	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		650		623,054
	Other creditors		6,171		9,998
	Accruals and deferred income		10,000		10,000
			16,821		643,052


8	Controlling party
	Dr S L Grassie



9	Other information

	Stuart Grassie Engineering Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	c/o Burgoyne Carey
	Pavilion 2, 3 Dava Street
	Broomloan Road
	Glasgow
	G51 2JA