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REGISTERED NUMBER: SC656528 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SCOTIA CONSULTANTS LTD

SCOTIA CONSULTANTS LTD (REGISTERED NUMBER: SC656528)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


SCOTIA CONSULTANTS LTD (REGISTERED NUMBER: SC656528)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,267 13,867

CURRENT ASSETS
Debtors 5 70,000 40,000
Cash at bank and in hand 15,158 17,142
85,158 57,142
CREDITORS
Amounts falling due within one year 6 26,116 20,908
NET CURRENT ASSETS 59,042 36,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,309

50,101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,209 50,001
74,309 50,101

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 Income Statement has not been delivered.

SCOTIA CONSULTANTS LTD (REGISTERED NUMBER: SC656528)

BALANCE SHEET - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





R Shaw - Director


SCOTIA CONSULTANTS LTD (REGISTERED NUMBER: SC656528)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Scotia Consultants Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC656528

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

SCOTIA CONSULTANTS LTD (REGISTERED NUMBER: SC656528)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 16,000
Additions 5,112
At 31 March 2024 21,112
DEPRECIATION
At 1 April 2023 2,133
Charge for year 3,712
At 31 March 2024 5,845
NET BOOK VALUE
At 31 March 2024 15,267
At 31 March 2023 13,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 70,000 40,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 6,332 5,016
Other creditors 1,260 -
Directors' current accounts 17,834 14,632
Accrued expenses 690 1,260
26,116 20,908