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REGISTERED NUMBER: SC341135 (Scotland)















ReBoot Trading (Moray) Ltd.

Financial Statements For The Year Ended 31 March 2024






ReBoot Trading (Moray) Ltd. (Registered number: SC341135)






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


ReBoot Trading (Moray) Ltd.

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Ms H M Lamont
Mr L A K McGrath
Mr W Young
Ms L Farish
Mr M Hendry
Ms C A McAllister



SECRETARY: Mr W Young



REGISTERED OFFICE: 9 Greshop Road
Greshop Industrial Estate
Forres
Moray
IV36 2GU



REGISTERED NUMBER: SC341135 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Royal Bank of Scotland plc
209 High Street
Elgin
Moray
IV30 1DL

ReBoot Trading (Moray) Ltd. (Registered number: SC341135)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,944 33,895

CURRENT ASSETS
Stocks 355 355
Debtors 5 4,758 6,831
Cash at bank and in hand 33,787 37,820
38,900 45,006
CREDITORS
Amounts falling due within one year 6 45,000 52,937
NET CURRENT LIABILITIES (6,100 ) (7,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,844

25,964

CREDITORS
Amounts falling due after more than one
year

7

19,839

25,898
NET ASSETS 5 66

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 4 65
SHAREHOLDERS' FUNDS 5 66

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 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.

ReBoot Trading (Moray) Ltd. (Registered number: SC341135)

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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr L A K McGrath - Director


ReBoot Trading (Moray) Ltd. (Registered number: SC341135)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

ReBoot Trading (Moray) 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
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
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Plant and equipment 20% reducing balance
Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or changed to profit or loss.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

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

ReBoot Trading (Moray) Ltd. (Registered number: SC341135)

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

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 38,843
DEPRECIATION
At 1 April 2023 4,948
Charge for year 7,951
At 31 March 2024 12,899
NET BOOK VALUE
At 31 March 2024 25,944
At 31 March 2023 33,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,745 609
Other debtors 13 6,222
4,758 6,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 221 1,630
Amounts owed to group undertakings 34,434 41,934
Taxation and social security 485 -
Other creditors 9,860 9,373
45,000 52,937

Included in other creditors is £6,059 of deferred grants. These grants are not repayable and represent deferred income which will be credited to the trading and profit and loss account over the useful lives of the assets which were acquired with the grants in line with the relevant depreciation rates set out in note 2 Accounting Policies.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 19,839 25,898

Included in other creditors is £19,839 of deferred grants. These grants are not repayable and represent deferred income which will be credited to the trading and profit and loss account over the useful lives of the assets which were acquired with the grants in line with the relevant depreciation rates set out in note 2 Accounting Policies.

ReBoot Trading (Moray) Ltd. (Registered number: SC341135)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2023 65
Deficit for the year (61 )
At 31 March 2024 4

10. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of ReBOOT (Moray Computer Recycling), a registered charity and a company incorporated in Scotland, having its principal place of business at 9 Greshop Road, Forres, IV36 2GU.

At 31 March 2023 and 31 March 2024 the company owed the charity £10,784. This loan is interest free and there are no fixed terms of repayment.

At 31 March 2024 the company owed the charity £23,650 in respect of donations due (2023 £31,150). This amount has since been paid to the charity.

The charity provided services amounting to £1,735 (2023 £1,549) to the company and the charity received services from the company amounting to £4,219 (2023 £3,827).