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REGISTERED NUMBER: SC232385 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Zedscot Ltd.

Zedscot Ltd. (Registered number: SC232385)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Zedscot Ltd.

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr A Strachan Jnr





REGISTERED OFFICE: 1 Riverside Drive
Peterhead
Aberdeenshire
AB42 1LT





REGISTERED NUMBER: SC232385 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Zedscot Ltd. (Registered number: SC232385)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Debtors 4 186 -
Investments 5 604,280 484,524
Cash at bank 185,518 149,003
789,984 633,527
CREDITORS
Amounts falling due within one year 6 53,058 38,104
NET CURRENT ASSETS 736,926 595,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,926

595,423

CAPITAL AND RESERVES
Called up share capital 10 10
Other reserves 7 9,084 2,885
Retained earnings 7 727,832 592,528
SHAREHOLDERS' FUNDS 736,926 595,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:





Mr A Strachan Jnr - Director


Zedscot Ltd. (Registered number: SC232385)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments
Current assets investments are stated at market value as at the balance sheet date based on valuation statements as provided by the investment provider. Any gains/losses on revaluation are reported through the profit & loss account. Any such gains do not form part of the distributable profits of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 186 -

5. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Other investments 604,280 484,524

The current asset investments are stated at market value based on the information provided by the investment provider. The investments have been revalued in the year at a gain of £2,924, (loss of £17,595 - 2022). The value stated reflects original cost of £603,500 with total net revaluation gains to date of £780 (£1,024 - 2022).

Zedscot Ltd. (Registered number: SC232385)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 46,643 31,746
Other creditors 6,415 6,358
53,058 38,104

7. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 July 2022 592,528 2,885 595,413
Profit for the year 191,503 191,503
Dividends (50,000 ) (50,000 )
Transfer (6,199 ) 6,199 -
At 30 June 2023 727,832 9,084 736,916

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Strachan Jnr.