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DIVOTEND SCOTLAND LTD

Registered Number
SC394060
(Scotland)

Unaudited Financial Statements for the Period ended
28 February 2024

DIVOTEND SCOTLAND LTD
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

Damian Kilby

Registered Address

H5 Business Park
Newark Road South
Glenrothes
KY7 4NS

Registered Number

SC394060 (Scotland)
DIVOTEND SCOTLAND LTD
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,1672,462
Investments44,0171,500
7,1843,962
Current assets
Stocks7,4976,771
Debtors51516
Cash at bank and on hand10,68410,197
18,19616,984
Creditors amounts falling due within one year6(23,065)(22,764)
Net current assets (liabilities)(4,869)(5,780)
Total assets less current liabilities2,315(1,818)
Provisions for liabilities(254)(44)
Net assets2,061(1,862)
Capital and reserves
Called up share capital100100
Profit and loss account1,961(1,962)
Shareholders' funds2,061(1,862)
The financial statements were approved and authorised for issue by the Board of Directors on 3 February 2025, and are signed on its behalf by:
Damian Kilby
Director
Registered Company No. SC394060
DIVOTEND SCOTLAND LTD
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed that he will continue to support the company as required.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Office Equipment-3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 2319,7051,87421,579
Additions-1,5481,548
At 28 February 2419,7053,42223,127
Depreciation and impairment
At 01 March 2317,9921,12519,117
Charge for year344499843
At 28 February 2418,3361,62419,960
Net book value
At 28 February 241,3691,7983,167
At 28 February 231,7137492,462
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 March 231,5001,500
Additions8,5008,500
Revaluations1,9161,916
Disposals(7,899)(7,899)
At 28 February 244,0174,017
Net book value
At 28 February 244,0174,017
At 28 February 231,5001,500

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Other debtors1516
Total1516
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables437500
Taxation and social security260529
Other creditors21,49920,991
Accrued liabilities and deferred income869744
Total23,06522,764