IRIS Accounts Production v23.3.0.418 SC166891 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 0.0100 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1668912022-12-31SC1668912023-12-31SC1668912023-01-012023-12-31SC1668912021-12-31SC1668912022-01-012022-12-31SC1668912022-12-31SC166891ns10:Originalns15:Scotland2023-01-012023-12-31SC166891ns14:PoundSterlingns10:Original2023-01-012023-12-31SC166891ns10:Originalns10:Director12023-01-012023-12-31SC166891ns10:Original2023-01-012023-12-31SC166891ns10:Original2023-12-31SC166891ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC166891ns10:Originalns10:SmallEntities2023-01-012023-12-31SC166891ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC166891ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC166891ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-31SC166891ns10:Originalns10:FullAccounts2023-01-012023-12-31SC166891ns10:Original12023-01-012023-12-31SC166891ns10:Originalns10:OrdinaryShareClass12023-01-012023-12-31SC166891ns10:Originalns10:OrdinaryShareClass1112023-01-012023-12-31SC166891ns10:Originalns10:Director22023-01-012023-12-31SC166891ns10:Originalns10:Director32023-01-012023-12-31SC166891ns10:Originalns10:RegisteredOffice2023-01-012023-12-31SC166891ns10:Original2022-12-31SC166891ns10:Originalns5:CurrentFinancialInstruments2023-12-31SC166891ns10:Originalns5:CurrentFinancialInstruments2022-12-31SC166891ns10:Originalns5:Non-currentFinancialInstruments2023-12-31SC166891ns10:Originalns5:Non-currentFinancialInstruments2022-12-31SC166891ns5:ShareCapitalns10:Original2023-12-31SC166891ns5:ShareCapitalns10:Original2022-12-31SC166891ns10:Originalns5:SharePremium2023-12-31SC166891ns10:Originalns5:SharePremium2022-12-31SC166891ns10:Originalns5:RevaluationReserve2023-12-31SC166891ns10:Originalns5:RevaluationReserve2022-12-31SC166891ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-31SC166891ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-31SC166891ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-31SC166891ns10:Originalns5:ComputerSoftware2023-01-012023-12-31SC166891ns10:Originalns5:PlantMachinery2023-01-012023-12-31SC166891ns10:Originalns5:FurnitureFittings2023-01-012023-12-31SC166891ns10:Originalns5:ComputerEquipment2023-01-012023-12-31SC166891ns10:Original2022-01-012022-12-31SC166891ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-31SC166891ns10:Originalns5:ComputerSoftware2022-12-31SC166891ns10:Original2022-12-31SC166891ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-31SC166891ns10:Originalns5:ComputerSoftware2023-12-31SC166891ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-31SC166891ns10:Originalns5:ComputerSoftware2022-12-31SC166891ns10:Originalns5:PlantMachinery2022-12-31SC166891ns10:Originalns5:FurnitureFittings2022-12-31SC166891ns10:Originalns5:ComputerEquipment2022-12-31SC166891ns10:Originalns5:PlantMachinery2023-12-31SC166891ns10:Originalns5:FurnitureFittings2023-12-31SC166891ns10:Originalns5:ComputerEquipment2023-12-31SC166891ns10:Originalns5:PlantMachinery2022-12-31SC166891ns10:Originalns5:FurnitureFittings2022-12-31SC166891ns10:Originalns5:ComputerEquipment2022-12-31SC166891ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC166891ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC166891ns10:Originalns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: SC166891 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Roadvert Limited

Roadvert Limited (Registered number: SC166891)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roadvert Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr T L Craig
Mr A G Stewart
Mr C W Fuller





REGISTERED OFFICE: c/o Robertson Craig
3 Clairmont Gardens
Glasgow
G3 7LW





REGISTERED NUMBER: SC166891 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Roadvert Limited (Registered number: SC166891)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 672,921 595,949
Tangible assets 5 2,390 1,163
675,311 597,112

CURRENT ASSETS
Stock 57,090 68,090
Debtors 6 451,913 227,458
Cash at bank 1,564 2,627
510,567 298,175
CREDITORS
Amounts falling due within one year 7 531,925 558,644
NET CURRENT LIABILITIES (21,358 ) (260,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,953

336,643

CREDITORS
Amounts falling due after more than one
year

8

66,529

24,167
NET ASSETS 587,424 312,476

Roadvert Limited (Registered number: SC166891)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 268 262
Share premium 877,456 802,462
Revaluation reserve 308,571 308,571
Retained earnings (598,871 ) (798,819 )
SHAREHOLDERS' FUNDS 587,424 312,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





Mr T L Craig - Director


Roadvert Limited (Registered number: SC166891)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Roadvert 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Patents
Patents are stated at Directors' valuation.

Software development
Software Development is included at Directors' valuation.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fittings and equipment - 25% on cost
Computer equipment - 25% on cost

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


Roadvert Limited (Registered number: SC166891)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 137,470 458,479 595,949
Additions 4,045 72,927 76,972
At 31 December 2023 141,515 531,406 672,921
NET BOOK VALUE
At 31 December 2023 141,515 531,406 672,921
At 31 December 2022 137,470 458,479 595,949

Roadvert Limited (Registered number: SC166891)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Patents
and Computer
licences software Totals
£    £    £   
Valuation in 2016 - 252,225 252,225
Cost 141,515 279,181 420,696
141,515 531,406 672,921

5. TANGIBLE FIXED ASSETS
Fittings
Plant and and Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,280 4,320 14,759 20,359
Additions - 971 1,290 2,261
At 31 December 2023 1,280 5,291 16,049 22,620
DEPRECIATION
At 1 January 2023 1,280 4,320 13,596 19,196
Charge for year - 243 791 1,034
At 31 December 2023 1,280 4,563 14,387 20,230
NET BOOK VALUE
At 31 December 2023 - 728 1,662 2,390
At 31 December 2022 - - 1,163 1,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 384,345 161,728
Other debtors 67,568 65,730
451,913 227,458

Roadvert Limited (Registered number: SC166891)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 26,975 41,981
Trade creditors 102,671 91,182
Taxation and social security 297,024 286,827
Other creditors 105,255 138,654
531,925 558,644

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 24,167
Taxation and social security 52,362 -
66,529 24,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
267,723 Ordinary £0.00 1 268 262
(31.12.22 - 261,723 )

6,000 Ordinary shares of £0.001 each were allotted as fully paid at a premium of 12.499 per share during the year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T L Craig.