Scottish Tourist Guides Association

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

Registered number: SC167477

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		1,200
Tangible Assets	5		5,327		3,188

			5,327		4,388
CURRENT ASSETS
Stocks	6	9,850		10,484
Debtors	7	19,794		22,812
Cash at bank and in hand		497,034		425,626

		526,678		458,922
Creditors: Amounts Falling Due Within One Year	8	(342,591 )		(296,033 )

NET CURRENT ASSETS (LIABILITIES)			184,087		162,889

TOTAL ASSETS LESS CURRENT LIABILITIES			189,414		167,277

NET ASSETS			189,414		167,277

Income and Expenditure Account			189,414		167,277

MEMBERS' FUNDS			189,414		167,277

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Scottish Tourist Guides Association

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit 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 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 Income and Expenditure Account.

On behalf of the board

Mr Fergus Salvesen Halliday

Director

2nd October 2026

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

1. General Information

Scottish Tourist Guides Association is a company limited by guarantee of its members and does not have share capital. Each member has undertaken to contribute an amount not exceeding one pound towards any deficit arising in the event of the company being wound up.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

Scottish Tourist Guides Association is a private company, limited by guarantee, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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. Research and Development

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five 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	20 % SLM
Fixtures & Fittings	20% RBM
Computer Equipment	50% SLM

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.

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Scottish Tourist Guides Association

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

3. Average Number of Employees

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

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 March 2025	12,000

As at 28 February 2026	12,000

Amortisation
As at 1 March 2025	10,800
Provided during the period	1,200

As at 28 February 2026	12,000

Net Book Value
As at 28 February 2026	-

As at 1 March 2025	1,200

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	33,899	11,551	11,175	56,625
Additions	-	2,515	1,161	3,676

As at 28 February 2026	33,899	14,066	12,336	60,301

Depreciation
As at 1 March 2025	33,899	8,618	10,920	53,437
Provided during the period	-	702	835	1,537

As at 28 February 2026	33,899	9,320	11,755	54,974

Net Book Value
As at 28 February 2026	-	4,746	581	5,327

As at 1 March 2025	-	2,933	255	3,188

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Scottish Tourist Guides Association

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Stocks

	2026	2025
	£	£
Stock	9,850	10,484

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	5,623	7,267
Prepayments and accrued income	8,849	10,598
Other debtors	2,500	1,000
Stripe account	2,487	3,287
Direct Debit - GBP	335	660

	19,794	22,812

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	15,078	6,690
Other taxes and social security	4,346	3,641
Other creditors	1	1
Accruals and deferred income	323,166	285,701

	342,591	296,033

9. Share Capital

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