REGISTERED NUMBER: SC485954 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

FAIRDEAL LICENCED GROCERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N P Irshad

I Irshad

REGISTERED OFFICE:

114 Coatbridge Road

Glenmavis

Airdrie

ML6 0NJ

REGISTERED NUMBER:

SC485954 (Scotland)

FIXED ASSETS

Tangible assets

4

59,530

47,158

CURRENT ASSETS

Stocks

22,083

42,133

Debtors

5

48,218

64,908

Cash at bank and in hand

34,983

14,486

105,284

121,527

CREDITORS

Amounts falling due within one year

6

102,774

89,748

NET CURRENT ASSETS

2,510

31,779

TOTAL ASSETS LESS CURRENT LIABILITIES

62,040

78,937

CREDITORS

Amounts falling due after more than one year

7

(10,783

)

(4,163

)

PROVISIONS FOR LIABILITIES

8

(11,310

)

(8,960

)

NET ASSETS

39,947

65,814

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

39,847

65,714

SHAREHOLDERS' FUNDS

39,947

65,814

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 28 October 2026 and were signed on its behalf by:

Mrs N P Irshad - Director

1.	STATUTORY INFORMATION

Fairdeal Licenced Grocers 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.

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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Tangible assets are initially recognised at cost which is the price plus any directly attributable costs. Subsequently tangible assets are measured at cost less accumulated depreciation and impairment losses.

Stocks

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

Financial instruments

The company only has basic financial instruments.

Basic financial instruments such as debtors, cash and bank are recorded at the proceeds received net of transaction costs.

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

1,813

128,732

-

8,047

138,592

Additions

7,000

10,210

14,475

-

31,685

At 31 January 2026

8,813

138,942

14,475

8,047

170,277

DEPRECIATION

At 1 February 2025

1,157

84,685

-

5,592

91,434

Charge for year

1,914

13,565

3,015

819

19,313

At 31 January 2026

3,071

98,250

3,015

6,411

110,747

NET BOOK VALUE

At 31 January 2026

5,742

40,692

11,460

1,636

59,530

At 31 January 2025

656

44,047

-

2,455

47,158

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

8,037

7,672

Other debtors

40,181

57,236

48,218

64,908

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,290

10,648

Hire purchase contracts

3,156

-

Trade creditors

72,492

55,959

Tax

6,604

13,510

VAT

3,954

3,830

Directors' current accounts

64

2,390

Accrued expenses

11,214

3,411

102,774

89,748

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

4,163

Hire purchase contracts

10,783

-

10,783

4,163

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

11,310

8,960

Deferred

tax

£

Balance at 1 February 2025

8,960

Provided during year

2,350

Balance at 31 January 2026

11,310

The deferred taxation provision relates to capital allowance in advance of depreciation and potential tax liability on gift or assets to the company.