ACCOUNTS - Final Accounts preparation

Registered number: SC477223

GRAEME HUGHSON TECHNICAL CONSULTANTS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2026

GRAEME HUGHSON TECHNICAL CONSULTANTS LTD

REGISTERED NUMBER: SC477223

BALANCE SHEET

AS AT 31 MAY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		2,150		3,109
			2,150		3,109
Current assets
Debtors: amounts falling due within one year	5	47,210		75,560
Current asset investments	6	340,056		299,958
Cash at bank and in hand	7	182,007		218,971
		569,273		594,489
Creditors: amounts falling due within one year	8	(22,006)		(44,158)
Net current assets			547,267		550,331
Total assets less current liabilities			549,417		553,440
Provisions for liabilities
Deferred tax		(1,605)		(777)
			(1,605)		(777)
Net assets			547,812		552,663

Capital and reserves
Called up share capital	9	100	100
Non-distributable reserves		6,295	-
Profit and loss account		541,417	552,563
		547,812	552,663

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GRAEME HUGHSON TECHNICAL CONSULTANTS LTD

REGISTERED NUMBER: SC477223

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2026.

Dr G Hughson

Director

The notes on pages 3 to 7 form part of these financial statements.

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GRAEME HUGHSON TECHNICAL CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

1.	Company information

Graeme Hughson Techincal Consultants Ltd is a private company limited by shares incorporated in Scotland. The registered office is 1 Wrae Farm Steading, Broughton, Biggar, Lanarkshire, ML12 6QH

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover represents net invoiced sales of services, excluding value added tax..

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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GRAEME HUGHSON TECHNICAL CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

2.Accounting policies (continued)

2.5

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.

2.6

Investments

Investments in non-derivative equity instruments that are publicly traded or their fair value can otherwise be measured reliably, are measured at fair value with changes in fair value recognised in the profit or loss account. All other such investments shall be measured at cost less impairment.

Investment bonds with a maturity date greater than three months from the balance sheet date are included as current asset investments.

Where the investments are valued by reference to an active market, the gains and losses are realised through the profit and loss account. Where investments do not have an active market, or short term conversion to cash would be on adverse terms, the gains and losses through the profit and loss account are transferred to a non-distributable reserve as unrealised profits.

2.7

Creditors

Short-term creditors are measured at the transaction price. 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.

2.8

Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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GRAEME HUGHSON TECHNICAL CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

2.Accounting policies (continued)

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.10

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.11

Retirement benefits

Payments to defined contribution retirement schemes are charged as an expense as the fall due.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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GRAEME HUGHSON TECHNICAL CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 June 2025	6,459
	Additions	404
	At 31 May 2026	6,863
	Depreciation
	At 1 June 2025	3,350
	Charge for the year on owned assets	1,363
	At 31 May 2026	4,713
	Net book value
	At 31 May 2026	2,150
	At 31 May 2025	3,110

Debtors

					2026	2025
					£	£


Trade debtors	47,210	75,560
	47,210	75,560

6.	Current asset investments
		2026	2025
		£	£

Listed investments	340,056	299,958
	340,056	299,958

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GRAEME HUGHSON TECHNICAL CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

7.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	182,007	218,971
	182,007	218,971

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Corporation tax	620	17,977
Other taxation and social security	13,566	20,034
Other creditors	4,448	3,215
Accruals and deferred income	3,372	2,932
	22,006	44,158

9.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

100 (2025 - 100) Ordinary Shares shares of £1.00 each	100	100

10.	Related party transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 14 appendix C.

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