REGISTERED NUMBER: SC526668 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

J. Watson Scott & Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms Alison Jane Harvie

REGISTERED OFFICE:

Mcadam House

1 Cadzow Lane

Hamilton

ML3 6AY

REGISTERED NUMBER:

SC526668 (Scotland)

ACCOUNTANTS:

Accountants Plus

Chartered Certified Accountants

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

FIXED ASSETS

Intangible assets

4

-

5,000

Tangible assets

5

111,757

68,386

111,757

73,386

CURRENT ASSETS

Stocks

4,350

5,126

Debtors

6

19,265

19,378

Cash at bank and in hand

2,752,078

725,515

2,775,693

750,019

CREDITORS

Amounts falling due within one year

7

2,756,811

689,789

NET CURRENT ASSETS

18,882

60,230

TOTAL ASSETS LESS CURRENT LIABILITIES

130,639

133,616

CREDITORS

Amounts falling due after more than one year

8

(32,264

)

-

PROVISIONS FOR LIABILITIES

(84

)

(123

)

NET ASSETS

98,291

133,493

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

98,290

133,492

98,291

133,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 13 October 2026 and were signed by:

Ms Alison Jane Harvie - Director

1.	STATUTORY INFORMATION

J. Watson Scott & Co Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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 creditors are measured at transaction price, less any impairment. 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 year 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 year 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.

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 year was 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

50,000

AMORTISATION

At 1 March 2025

45,000

Amortisation for year

5,000

At 28 February 2026

50,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

5,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2025

69,251

511

2,645

72,407

Additions

45,749

-

-

45,749

At 28 February 2026

115,000

511

2,645

118,156

DEPRECIATION

At 1 March 2025

1,385

510

2,126

4,021

Charge for year

2,300

-

78

2,378

At 28 February 2026

3,685

510

2,204

6,399

NET BOOK VALUE

At 28 February 2026

111,315

1

441

111,757

At 28 February 2025

67,866

1

519

68,386

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

13,740

13,760

Prepayments

5,525

5,618

19,265

19,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

10,200

-

Balances due to clients

2,705,221

624,173

Corporation tax

13,627

26,393

Social security and other taxes

1,326

1,044

VAT

8,391

22,489

Other creditors

356

367

Directors' loan accounts

16,005

14,555

Accrued expenses

1,685

768

2,756,811

689,789

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans

32,264

-