REGISTERED NUMBER: SC582918 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

862 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miles McMillan

Ms Mia McMillan

REGISTERED OFFICE:

7 Titwood Road

Glasgow

G41 2DD

REGISTERED NUMBER:

SC582918 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

7,069

10,609

Tangible assets

5

74,378

85,946

81,447

96,555

CURRENT ASSETS

Stock

12,475

11,875

Debtors

6

103,040

63,614

Cash at bank and in hand

67,279

45,610

182,794

121,099

CREDITORS

Amounts falling due within one year

7

239,329

176,984

NET CURRENT LIABILITIES

(56,535

)

(55,885

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,912

40,670

CREDITORS

Amounts falling due after more than one year

8

-

(1,938

)

PROVISIONS FOR LIABILITIES

9

(19,311

)

(21,486

)

NET ASSETS

5,601

17,246

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

5,597

17,242

SHAREHOLDERS' FUNDS

5,601

17,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

Miles McMillan - Director

1.	STATUTORY INFORMATION

862 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Fittings and equipment

-

15% on reducing balance

Stocks

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2025 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

35,368

AMORTISATION

At 1 April 2025

24,759

Amortisation for year

3,540

At 31 March 2026

28,299

NET BOOK VALUE

At 31 March 2026

7,069

At 31 March 2025

10,609

5.	TANGIBLE FIXED ASSETS

Fittings

and

equipment

£

COST

At 1 April 2025

184,159

Additions

4,932

At 31 March 2026

189,091

DEPRECIATION

At 1 April 2025

98,213

Charge for year

16,500

At 31 March 2026

114,713

NET BOOK VALUE

At 31 March 2026

74,378

At 31 March 2025

85,946

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

7,416

3,490

Other debtors

95,624

60,124

103,040

63,614

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

37,304

32,263

Taxation and social security

134,953

88,346

Other creditors

67,072

56,375

239,329

176,984

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

-

1,938

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

19,311

21,486

Deferred

tax

£

Balance at 1 April 2025

21,486

Provided during year

(2,175

)

Balance at 31 March 2026

19,311

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

50

Ordinary A

1p

1

1

50

Ordinary B

1p

1

1

50

Ordinary C

1p

1

1

50

Ordinary D

1p

1

1

4

4