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Company Registration No. SC554201 (Scotland)
Team Scotia Limited Unaudited Accounts for the year ended 31 January 2024
Team Scotia Limited Unaudited Accounts Contents
Page
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Team Scotia Limited Company Information for the year ended 31 January 2024
Directors
D Anwar A Anwar
Company Number
SC554201 (Scotland)
Registered Office
Glenruthven Mill Business Park Abbey Road Auchterarder Perth & Kinross PH3 1DP Scotland
Accountants
ESJ Accountants Ltd 4 Raleigh House Admirals Way Canary Wharf London E14 9SN
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Team Scotia Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,552 
1,644 
Tangible assets
35,876 
32,933 
37,428 
34,577 
Current assets
Debtors
1,765 
217 
Cash at bank and in hand
824 
1,545 
2,589 
1,762 
Creditors: amounts falling due within one year
(410,584)
(219,476)
Net current liabilities
(407,995)
(217,714)
Total assets less current liabilities
(370,567)
(183,137)
Creditors: amounts falling due after more than one year
(258,105)
(221,826)
Net liabilities
(628,672)
(404,963)
Capital and reserves
Called up share capital
51,235 
51,235 
Profit and loss account
(679,907)
(456,198)
Shareholders' funds
(628,672)
(404,963)
For the year ending 31 January 2024 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 11 July 2024 and were signed on its behalf by
D Anwar Director Company Registration No. SC554201
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Team Scotia Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Team Scotia Limited is a private company, limited by shares, registered in Scotland, registration number SC554201. The registered office is Glenruthven Mill Business Park, Abbey Road, Auchterarder, Perth & Kinross, PH3 1DP, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
1,828 
At 31 January 2024
1,828 
Amortisation
At 1 February 2023
184 
Charge for the year
92 
At 31 January 2024
276 
Net book value
At 31 January 2024
1,552 
At 31 January 2023
1,644 
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Team Scotia Limited Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
37,047 
Additions
7,386 
At 31 January 2024
44,433 
Depreciation
At 1 February 2023
4,114 
Charge for the year
4,443 
At 31 January 2024
8,557 
Net book value
At 31 January 2024
35,876 
At 31 January 2023
32,933 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,765 
217 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
304 
4,230 
Other creditors
56,627 
275 
Loans from directors
353,653 
214,971 
410,584 
219,476 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
36,279 
- 
Loans from directors
221,826 
221,826 
258,105 
221,826 
9
Average number of employees
During the year the average number of employees was 2 (2023: 4).
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