SCOT CURRENCY GROUP LTD

Company limited by guarantee

Company Registration Number:
SC738736 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 19 July 2022

End date: 31 July 2023

SCOT CURRENCY GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

SCOT CURRENCY GROUP LTD

Directors' report period ended 31 July 2023

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

Principal activities of the company

promotion of an independent currency and central bank for Scotland



Directors

The director shown below has held office during the whole of the period from
19 July 2022 to 31 July 2023

Timothy Rideout


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
16 April 2024

And signed on behalf of the board by:
Name: Timothy Rideout
Status: Director

SCOT CURRENCY GROUP LTD

Profit And Loss Account

for the Period Ended 31 July 2023

2023


£
Turnover: 5,378
Gross profit(or loss): 5,378
Administrative expenses: ( 4,484 )
Operating profit(or loss): 894
Profit(or loss) before tax: 894
Tax: ( 170 )
Profit(or loss) for the financial year: 724

SCOT CURRENCY GROUP LTD

Balance sheet

As at 31 July 2023

Notes 2023


£
Current assets
Cash at bank and in hand: 2,134
Total current assets: 2,134
Creditors: amounts falling due within one year: 3 ( 1,410 )
Net current assets (liabilities): 724
Total assets less current liabilities: 724
Total net assets (liabilities): 724
Members' funds
Profit and loss account: 724
Total members' funds: 724

The notes form part of these financial statements

SCOT CURRENCY GROUP LTD

Balance sheet statements

For the year ending 31 July 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 16 April 2024
and signed on behalf of the board by:

Name: Timothy Rideout
Status: Director

The notes form part of these financial statements

SCOT CURRENCY GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 July 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision ofservices in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the company's activities.

SCOT CURRENCY GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

SCOT CURRENCY GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Creditors: amounts falling due within one year note

2023
£
Taxation and social security 170
Accruals and deferred income 480
Other creditors 760
Total 1,410