Company Registration No. SC586119 (Scotland)
SCOTCOIN LIMITED
Unaudited accounts
for the year ended 30 September 2023
SCOTCOIN LIMITED
Unaudited accounts
Contents
SCOTCOIN LIMITED
Company Information
for the year ended 30 September 2023
Directors
David Low
Temple Melville
Peter McGowan
Company Number
SC586119 (Scotland)
Registered Office
56 ASHTON LANE
GLASGOW
G12 8SJ
SCOTLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
SCOTCOIN LIMITED
Statement of financial position
as at 30 September 2023
Intangible assets
107,500
44,998
Investments
238,858
70,000
Cash at bank and in hand
2,912
442
Creditors: amounts falling due within one year
(2,678)
(1,650)
Net current assets/(liabilities)
20,234
(1,208)
Net assets
366,592
113,790
Called up share capital
50,000
50,000
Revaluation reserve
312,210
68,350
Profit and loss account
4,382
(4,560)
Shareholders' funds
366,592
113,790
For the year ending 30 September 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
David Low
Director
Company Registration No. SC586119
SCOTCOIN LIMITED
Notes to the Accounts
for the year ended 30 September 2023
SCOTCOIN LIMITED is a private company, limited by shares, registered in Scotland, registration number SC586119. The registered office is 56 ASHTON LANE, GLASGOW, G12 8SJ, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 30 September 2023
125,000
Charge for the year
12,500
At 30 September 2023
17,500
At 30 September 2023
107,500
At 30 September 2022
44,998
5
Investments
Subsidiary undertakings
Valuation at 1 October 2022
70,000
Fair value adjustments
168,858
Valuation at 30 September 2023
238,858
SCOTCOIN LIMITED
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
20,000
-
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,028
-
Loans from directors
1,650
1,650
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).