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REGISTERED NUMBER: 05085605 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ESSCOTTI LIMITED

ESSCOTTI LIMITED (REGISTERED NUMBER: 05085605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESSCOTTI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Shah





REGISTERED OFFICE: 115c Milton Road
Cambridge
Cambridgeshire
CB4 1XE





REGISTERED NUMBER: 05085605 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

ESSCOTTI LIMITED (REGISTERED NUMBER: 05085605)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 770 1,050

CURRENT ASSETS
Debtors 5 3,800 -
Cash at bank - 1,224
3,800 1,224
CREDITORS
Amounts falling due within one year 6 4,494 1,365
NET CURRENT LIABILITIES (694 ) (141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76

909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24 ) 809
SHAREHOLDERS' FUNDS 76 909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





A Shah - Director


ESSCOTTI LIMITED (REGISTERED NUMBER: 05085605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Esscotti Limited is a private company, limited by shares , registered in England and Wales. 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.

The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31 March 2024 the company's net current liabilities were £694 and total liabilities of the company were £4,494. The company is reliant upon the continued supports of its director, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ESSCOTTI LIMITED (REGISTERED NUMBER: 05085605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023
and 31 March 2024 11,418
DEPRECIATION
At 1 April 2023 10,368
Charge for year 280
At 31 March 2024 10,648
NET BOOK VALUE
At 31 March 2024 770
At 31 March 2023 1,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 3,800 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,659 -
Tax 1,145 630
Director's current account - 95
Accruals and deferred income 690 640
4,494 1,365

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 March 2024, the Directors loan account was overdrawn by £3,800, this will be repaid within 9 months of the year end.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,435 (2023 - £6,100) were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Shah.