REGISTERED NUMBER: SC286990 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

First Sight (Glasgow) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P MacEwen

N C MacEwen

REGISTERED OFFICE:

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

REGISTERED NUMBER:

SC286990 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Intangible assets

4

12,569

18,028

Tangible assets

5

141,993

459,230

154,562

477,258

CURRENT ASSETS

Stocks

16,250

17,500

Debtors

6

111,695

116,588

Cash at bank and in hand

432,921

180,654

560,866

314,742

CREDITORS

Amounts falling due within one year

7

218,754

203,669

NET CURRENT ASSETS

342,112

111,073

TOTAL ASSETS LESS CURRENT LIABILITIES

496,674

588,331

CREDITORS

Amounts falling due after more than one year

8

(63,222

)

(105,006

)

PROVISIONS FOR LIABILITIES

(35,499

)

(28,777

)

NET ASSETS

397,953

454,548

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

397,853

454,448

SHAREHOLDERS' FUNDS

397,953

454,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2026 and were signed on its behalf by:

Mrs P MacEwen - Director

1.	STATUTORY INFORMATION

First Sight (Glasgow) Limited 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 represents net sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in the acquisition of businesses in 2005 and 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost, 20% on cost and 10% on cost

Stocks

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

127,922

AMORTISATION

At 1 February 2025

109,894

Charge for year

5,459

At 31 January 2026

115,353

NET BOOK VALUE

At 31 January 2026

12,569

At 31 January 2025

18,028

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2025

186,636

743,315

929,951

Additions

-

124,186

124,186

Disposals

(186,636

)

(321,322

)

(507,958

)

At 31 January 2026

-

546,179

546,179

DEPRECIATION

At 1 February 2025

3,733

466,988

470,721

Charge for year

-

63,523

63,523

Eliminated on disposal

(3,733

)

(126,325

)

(130,058

)

At 31 January 2026

-

404,186

404,186

NET BOOK VALUE

At 31 January 2026

-

141,993

141,993

At 31 January 2025

182,903

276,327

459,230

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2025

64,700

Additions

58,658

At 31 January 2026

123,358

DEPRECIATION

At 1 February 2025

16,175

Charge for year

30,839

At 31 January 2026

47,014

NET BOOK VALUE

At 31 January 2026

76,344

At 31 January 2025

48,525

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

31,045

25,994

Directors' current accounts

69,958

79,109

VAT

1,786

2,476

Prepayments and other debtors

8,906

9,009

111,695

116,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

50,000

84,850

Hire purchase contracts

25,537

15,460

Trade creditors

45,179

44,633

Tax

44,166

-

Social security and other taxes

12,319

6,261

Other creditors

27,087

30,837

Accrued expenses

14,466

21,628

218,754

203,669

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans - 1-2 years

-

50,293

Hire purchase contracts

63,222

54,713

63,222

105,006

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

50,000

135,143

A bond and floating charge over all of the company's assets is held by Handelsbanken Plc.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

Mrs P MacEwen

Balance outstanding at start of year

79,109

59,855

Amounts advanced

35,020

79,854

Amounts repaid

(79,150

)

(60,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,979

79,109

N C MacEwen

Balance outstanding at start of year

-

-

Amounts advanced

34,979

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,979

-

At the year end amounts of of £34,979 and £34,979 were due to the company by P MacEwen and N MacEwen.

The amounts carried no interest and were repaid in full after the year end.