Kerry Smith Architects Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC403431

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		1,543
Investments	5		12,950		12,950

			12,950		14,493
CURRENT ASSETS
Stocks	6	-		11,423
Debtors	7	6,990		2,000
Cash at bank and in hand		4,935		23,430

		11,925		36,853
Creditors: Amounts Falling Due Within One Year	8	(7,950 )		(24,938 )

NET CURRENT ASSETS (LIABILITIES)			3,975		11,915

TOTAL ASSETS LESS CURRENT LIABILITIES			16,925		26,408

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(1,205 )

NET ASSETS			16,925		25,203

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			16,924		25,202

SHAREHOLDERS' FUNDS			16,925		25,203

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Kerry Smith Architects Ltd.

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Kerry Smith

Director

9th September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kerry Smith Architects Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC403431 . The registered office is 4 John Street, Montrose, DD10 8LY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 6)

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Kerry Smith Architects Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	2,399	5,453	14,711	22,563
Disposals	(2,399 )	(5,453 )	(14,711 )	(22,563 )

As at 31 March 2026	-	-	-	-

Depreciation
As at 1 April 2025	2,324	4,637	14,059	21,020
Disposals	(2,324 )	(4,637 )	(14,059 )	(21,020 )

As at 31 March 2026	-	-	-	-

Net Book Value
As at 31 March 2026	-	-	-	-

As at 1 April 2025	75	816	652	1,543

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2025	12,950

As at 31 March 2026	12,950

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	12,950

As at 1 April 2025	12,950

6. Stocks

	2026	2025
	£	£
Work in progress	-	11,423

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	5,744	2,000
Other taxes and social security	1,246	-

	6,990	2,000

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Kerry Smith Architects Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	248
Corporation tax	3,346	(211 )
Other taxes and social security	-	1,276
VAT	4,604	6,714
Other creditors - pension	-	430
Accruals and deferred income	-	3,176
Director's loan account	-	13,305

	7,950	24,938

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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