Registered Number
(Scotland)
Unaudited Financial Statements for the Year ended
31 March 2024
Directors | |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Called up share capital not paid | ||||||||
Fixed assets | ||||||||
Tangible assets | 4 | |||||||
Current assets | ||||||||
Stocks | 5 | |||||||
Debtors | 6 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 7 | ( | ||||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Provisions for liabilities | 8 | ( | ||||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ||||||||
Shareholders' funds |
The financial statements were approved and authorised for issue by the Board of Directors on 5 March 2025, and are signed on its behalf by: |
Director Registered Company No. SC725400 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Functional and presentation currency | |
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Turnover policy | |
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Operating leases | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Straight line (years) | ||
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Office Equipment |
Stocks and work in progress | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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2. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
3. | Deferred tax |
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Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised. |
4. | Tangible fixed assets |
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Plant & machinery | Total | |||
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£ | £ | |||
Cost or valuation | ||||
Additions | ||||
At 31 March 24 | ||||
Net book value | ||||
At 31 March 24 | ||||
At 31 March 23 |
5. | Stocks |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
Finished goods | ||||
Total |
6. | Debtors: amounts due within one year |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
7. | Creditors: amounts due within one year |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
Trade creditors / trade payables | ||||
Amounts owed to related parties | ||||
Taxation and social security | ||||
Accrued liabilities and deferred income | ||||
Total |
8. | Provisions for liabilities |
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2024 | 2023 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |
9. | Controlling party |
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The company has been acquired through a management buyout of 100% of the outstanding shares that was agreed effective 30 June 2023. The ultimate parent undertaking is Evolva Group Limited, a UAE entity. |