THEPIT LTD - Accounts

Registered Number: SC794500 THEPIT LTD
Balance Sheet
As at 31 January 2026

	2026		2025
	£	£	£	£
Fixed assets		11,689		416
Current assets	3,433		1,199
Prepayments and accrued income	1,540		-
Creditors: amount falling due within one year	(19,468)		(3,769)
Net current assets		(14,495)		(2,570)
Total assets less current liabilities		(2,806)		(2,154)
Net assets		(2,806)		(2,154)


Capital and reserves		(2,806)		(2,154)

NOTES TO THE ACCOUNTS

General Information

THEPIT LTD is a private company, limited by shares, registered in Scotland, registration number SC794500, registration address Unit 91, 147 Drakemire Drive, Glasgow, G45 9SA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Website cost

Planning and operating costs for the company's website are charged to the profit and loss account as incurred.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 February 2025	520	520
Additions	14,222	14,222
Disposals	-	-
At 31 January 2026	14,742	14,742
Depreciation
At 01 February 2025	104	104
Charge for year	2,949	2,949
On disposals	-	-
At 31 January 2026	3,053	3,053
Net book values
Closing balance as at 31 January 2026	11,689	11,689
Opening balance as at 01 February 2025	416	416

3.	Average number of employees Average number of employees during the period was 0 (2025 : 0).

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 30 October 2026 and were signed on its behalf by:

--------------------------------
Heather Ryce
Director