SCHOLARSMITHS LTD


Director	GRUNDY, Janet Lindsey


Registered Address	Grosvenor House Downcast Way
	Swinton
	Manchester
	M27 8UW


Registered Number	12418228 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	31 Aug 2025		31 Jan 2025
		£	£	£	£
Fixed assets
Intangible assets	3		15,600		15,600
Tangible assets	4		426		498
			16,026		16,098
Current assets
Debtors		56,916		56,782
Cash at bank and on hand		745		1,157
		57,661		57,939
Creditors amounts falling due within one year	5	(131,250)		(126,074)
Net current assets (liabilities)			(73,589)		(68,135)
Total assets less current liabilities			(57,563)		(52,037)
Creditors amounts falling due after one year	6		(1,903)		(3,303)
Net assets			(59,466)		(55,340)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(59,566)		(55,440)
Shareholders' funds			(59,466)		(55,340)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 August 2026, and are signed on its behalf by:

GRUNDY, Janet Lindsey
Director
Registered Company No. 12418228

SCHOLARSMITHS LTD

Notes to the Financial Statements
for the period ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2025		2025
	Average number of employees during the year	11		8

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 February 25	15,600	15,600
At 31 August 25	15,600	15,600
Net book value
At 31 August 25	15,600	15,600
At 31 January 25	15,600	15,600

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 February 25	2,001	2,001
At 31 August 25	2,001	2,001
Depreciation and impairment
At 01 February 25	1,503	1,503
Charge for year	72	72
At 31 August 25	1,575	1,575
Net book value
At 31 August 25	426	426
At 31 January 25	498	498

5.	Creditors: amounts due within one year

	2025	2025
	£	£
Trade creditors / trade payables	500	-
Taxation and social security	528	311
Other creditors	130,222	125,763
Total	131,250	126,074

6.	Creditors: amounts due after one year

	2025	2025
	£	£
Bank borrowings and overdrafts	1,903	3,303
Total	1,903	3,303