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REGISTERED NUMBER: SC625990 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Muggshot Ltd

Muggshot Ltd (Registered number: SC625990)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Muggshot Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A D Muggoch





REGISTERED OFFICE: Ragusa
Rhu
Helensburgh
G84 8NH





REGISTERED NUMBER: SC625990 (Scotland)





ACCOUNTANTS: Clements
Chartered Accountants
17 Colquhoun Square
Helensburgh
G84 8AD

Muggshot Ltd (Registered number: SC625990)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 891 1,752
Investments 5 53,368 53,368
54,259 55,120

CURRENT ASSETS
Debtors 6 14,863 14,773
Cash at bank 1,140,570 763,346
1,155,433 778,119
CREDITORS
Amounts falling due within one year 7 172,940 129,399
NET CURRENT ASSETS 982,493 648,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,036,752

703,840

PROVISIONS FOR LIABILITIES 223 333
NET ASSETS 1,036,529 703,507

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,036,429 703,407
SHAREHOLDERS' FUNDS 1,036,529 703,507

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.

Muggshot Ltd (Registered number: SC625990)

Balance Sheet - continued
31 March 2024


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 6 September 2024 and were signed by:





A D Muggoch - Director


Muggshot Ltd (Registered number: SC625990)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Muggshot Ltd 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.

Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax. The company recognises revenue when it has the right to receive it.

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.
Computer equipment - 33% on cost

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments held as fixed assets are recognised at fair value which is equivalent to market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Muggshot Ltd (Registered number: SC625990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 7,236
Additions 999
At 31 March 2024 8,235
DEPRECIATION
At 1 April 2023 5,484
Charge for year 1,860
At 31 March 2024 7,344
NET BOOK VALUE
At 31 March 2024 891
At 31 March 2023 1,752

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 53,368
NET BOOK VALUE
At 31 March 2024 53,368
At 31 March 2023 53,368

The fair value of Investments is the equivalent of cost £53,368.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 14,773 14,773
Other debtors 90 -
14,863 14,773

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 168,397 125,820
Other creditors 4,543 3,579
172,940 129,399

Muggshot Ltd (Registered number: SC625990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors is the director's current account which is unsecured, interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2023 - £88,310) were paid to the director .