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REGISTERED NUMBER: SC600239 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

SRN Scotland Limited

SRN Scotland Limited (Registered number: SC600239)






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


SRN Scotland Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: S Nisbet





REGISTERED OFFICE: c/o KPP Accountants
Unit 3 Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC600239 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3 Morris Park
Rosyth Road
Glasgow
G5 0YE

SRN Scotland Limited (Registered number: SC600239)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Debtors 4 338,659 231,265
Cash at bank 3,862 115,552
342,521 346,817
CREDITORS
Amounts falling due within one year 5 196,002 128,177
NET CURRENT ASSETS 146,519 218,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,519

218,640

CREDITORS
Amounts falling due after more than one
year

6

112,955

189,040
NET ASSETS 33,564 29,600

RESERVES
Retained earnings 33,564 29,600
SHAREHOLDERS' FUNDS 33,564 29,600

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 7 December 2023 and were signed by:





S Nisbet - Director


SRN Scotland Limited (Registered number: SC600239)

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

1. STATUTORY INFORMATION

SRN Scotland Limited 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.

The accounts are presented in Sterling, which is the functional currency of the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

- the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the Company; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

SRN Scotland Limited (Registered number: SC600239)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 196,321 190,686
Other debtors 142,338 40,579
338,659 231,265

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 40,000 -
Trade creditors 142,001 105,855
Taxation and social security 2,932 1,448
Other creditors 11,069 20,874
196,002 128,177

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 112,955 189,040

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10,000 Ordinary Shares 0.01 - -

8. ADDITIONAL INFORMATION

SRN Scotland Limited is a private company limited by shares and incorporated in Scotland.
Its registered number is:

Its registered office is: Its trading address is:
Suite 4f Ingram House
227 Ingram Street
Glasgow
G1 1DA

Its trading address is:
47 Broad Street
Glasgow

G40 2QW