PRIDE OF SCOTS LIMITED

PRIDE OF SCOTS LIMITED
Contents Page
For the year ended 31 January 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

PRIDE OF SCOTS LIMITED
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	19,780	23,271
		19,780	23,271
Current assets
Stocks		43,741	40,311
Debtors		34,156	20,206
Cash at bank and in hand		533	13,267
		78,430	73,784
Creditors: amount falling due within one year		(50,617)	(52,666)
Net current assets		27,813	21,118

Total assets less current liabilities		47,593	44,389
Creditors: amount falling due after more than one year		(39,018)	(37,195)
Net assets		8,575	7,194

Capital and reserves
Called up share capital		100	100
Profit and loss account		8,475	7,094
Shareholders' funds		8,575	7,194

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.

Director's 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 director acknowledges 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 31 October 2026 and were signed by:

-------------------------------
Rafeeque OLIKKATHODI
Director

1

PRIDE OF SCOTS LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 January 2026

General Information

PRIDE OF SCOTS LIMITED is a private company, limited by shares, registered in , registration number SC650139, registration address 56 ALMONDVALE SOUTH, LIVINGSTON, EH54 6NB.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – 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 as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Basis of Preparation

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

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

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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:

Fixtures and Fittings

25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the period was 5 (2025 : 2).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 February 2025	33,450	33,450
Additions	-	-
Disposals	-	-
At 31 January 2026	33,450	33,450
Depreciation
At 01 February 2025	10,179	10,179
Charge for year	3,491	3,491
On disposals	-	-
At 31 January 2026	13,670	13,670
Net book values
Closing balance as at 31 January 2026	19,780	19,780
Opening balance as at 01 February 2025	23,271	23,271

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