UNLTD SCOTLAND

Company limited by guarantee

Company Registration Number:
SC475273 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

UNLTD SCOTLAND

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

UNLTD SCOTLAND

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The object of the company is to carry out the work of its parent charity, The Foundation for Social Entrepreneurs (UnLtd) in Scotland.A range of UnLtd’s grant awards for social entrepreneurs are available to Scottish applicants. Promising applicants are invited to pitch to an independent panel of expert practitioners from Scotland and their recommendations are considered by UnLtd Trustees. UnLtd’s support for social entrepreneurs in Scotland is delivered by two members of staff employed by UNLTD SCOTLAND, a company Limited by Guarantee. Our staff work from co-working spaces in Glasgow and Edinburgh.UnLtd ensures close collaboration with other organisations working with social entrepreneurs in Scotland to avoid replication and to maximise the impact for Scottish beneficiaries. We aim to support the implementation of UnLtd’s strategy while also taking advantage of opportunities to meet challenges specific to Scotland. We run the Resilient Communities place-based programme in three geographical areas including Dundee, North Glasgow, and Argyll & Bute.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Raymond Tran
Nic Farhi


Secretary Raymond Tran

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 September 2023

And signed on behalf of the board by:
Name: Nic Farhi
Status: Director

UNLTD SCOTLAND

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 219,017 118,768
Cost of sales: ( 218,279 ) ( 118,072 )
Gross profit(or loss): 738 696
Administrative expenses: ( 738 ) ( 696 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

UNLTD SCOTLAND

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 7,213 5,791
Total current assets: 7,213 5,791
Creditors: amounts falling due within one year: 4 ( 7,213 ) ( 5,791 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

UNLTD SCOTLAND

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 September 2023
and signed on behalf of the board by:

Name: Nic Farhi
Status: Director

The notes form part of these financial statements

UNLTD SCOTLAND

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    ACCOUNTING POLICIESa) The individual financial statements of UNLTD SCOTLAND Limited have been prepared incompliance with Section 1A of Financial Reporting Standard 102, the Financial ReportingStandard applicable in the UK and Republic of Ireland, and the Companies Act 2006.b) The financial statements have been prepared on a going concern basis, under the historical costconvention.c) Revenue is measured at the fair value of the consideration received or receivable andrepresents the amount receivable for goods supplied or services rendered, net of returns,discounts and rebates allowed by the Company and value added taxes.d) The Company is exempt from the requirement of FRS102 to present a cash flow statement.e) Expenditure is recognised once there is a legal or constructive obligation to make a payment toa third party, it is probable that settlement will be required, and the amount of the obligation canbe measured reliably.

UNLTD SCOTLAND

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 3

UNLTD SCOTLAND

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Debtors

2023 2022
£ £
Other debtors 7,213 5,791
Total 7,213 5,791

UNLTD SCOTLAND

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 5,486 2,543
Accruals and deferred income 738 2,412
Other creditors 989 836
Total 7,213 5,791