GREAT SCOT LIMITED


Director	Mohammad Halim Hossaini


Registered Address	93 Rose Street
	Edinburgh
	EH2 3DT


Registered Number	SC644176 (Scotland)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		60,085		24,173
			60,085		24,173
Current assets
Stocks	4	130,000		20,000
Debtors	5	302,414		261,145
Cash at bank and on hand		106,117		54,046
		538,531		335,191
Creditors amounts falling due within one year	6	(498,124)		(242,640)
Net current assets (liabilities)			40,407		92,551
Total assets less current liabilities			100,492		116,724
Creditors amounts falling due after one year	7		(31,391)		(115,757)
Net assets			69,101		967
Capital and reserves
Called up share capital			100		100
Profit and loss account			69,001		867
Shareholders' funds			69,101		967

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 October 2026, and are signed on its behalf by:

Mohammad Halim Hossaini
Director
Registered Company No. SC644176

GREAT SCOT LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	10
	Office Equipment	3

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Government grants or assistance
	Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towardsgeneral activities of the entity over a specific period are recognised in the profit and loss account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned. All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

Government grants or assistance

Government grants are recognised in the profit and loss account in an appropriate manner that
matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised
immediately in the profit and loss account. Grants towardsgeneral activities of the entity over a
specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets
and are treated as deferred income and released to the profit and loss account over the useful life
of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been
complied with.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	16		11

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 November 24	-	28,509	-	28,509
Additions	46,045	-	557	46,602
At 31 October 25	46,045	28,509	557	75,111
Depreciation and impairment
At 01 November 24	-	4,336	-	4,336
Charge for year	-	10,690	-	10,690
At 31 October 25	-	15,026	-	15,026
Net book value
At 31 October 25	46,045	13,483	557	60,085
At 31 October 24	-	24,173	-	24,173

4.	Stocks

	2025	2024
	£	£
Finished goods	130,000	20,000
Total	130,000	20,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	6,723	6,723
Other debtors	249,500	201,100
Prepayments and accrued income	46,191	53,322
Total	302,414	261,145


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	373,260	200,211
Bank borrowings and overdrafts	9,967	2
Taxation and social security	82,999	25,632
Other creditors	30,097	14,995
Accrued liabilities and deferred income	1,801	1,800
Total	498,124	242,640


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	31,391	115,757
Total	31,391	115,757