1 April 2023 false No description of principal activity Taxfiler 2024.6 SC691295business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC6912952023-03-31 SC6912952023-04-012024-03-31 SC691295business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC691295business:FilletedAccounts2023-04-012024-03-31 SC6912952024-03-31 SC691295business:Director12023-04-012024-03-31 SC691295business:RegisteredOffice2023-04-012024-03-31 SC6912952023-03-31 SC691295core:WithinOneYear2024-03-31 SC691295core:WithinOneYear2023-03-31 SC691295core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC691295core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC691295core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC691295core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC691295core:PreviouslyStatedAmount2024-03-31 SC691295core:PreviouslyStatedAmount2023-03-31 SC691295business:SmallEntities2023-04-012024-03-31 SC691295countries:Scotland2023-04-012024-03-31 SC691295core:ComputerEquipment2023-04-012024-03-31 SC691295core:ComputerEquipment2023-03-31 SC691295core:ComputerEquipment2024-03-31 SC6912952022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC691295 (Scotland)
Saltire Asset Finance Ltd Unaudited accounts for the year ended 31 March 2024
Saltire Asset Finance Ltd Unaudited accounts Contents
Page
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Saltire Asset Finance Ltd Company Information for the year ended 31 March 2024
Director
Mr AJ McLean
Company Number
SC691295 (Scotland)
Registered Office
5 OWENDALE AVENUE BELLSHILL ML4 1NS SCOTLAND
Accountants
Added Accounting Ltd 8 Whitehouse Crescent Gorebridge EH23 4FT
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Saltire Asset Finance Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
629 
560 
Current assets
Debtors
1,141 
- 
Cash at bank and in hand
1,541 
1,065 
2,682 
1,065 
Creditors: amounts falling due within one year
(2,517)
(636)
Net current assets
165 
429 
Net assets
794 
989 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
793 
988 
Shareholders' funds
794 
989 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2025 and were signed on its behalf by
Mr AJ McLean Director Company Registration No. SC691295
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Saltire Asset Finance Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Saltire Asset Finance Ltd is a private company, limited by shares, registered in Scotland, registration number SC691295. The registered office is 5 OWENDALE AVENUE, BELLSHILL, ML4 1NS, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line at 33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,680 
Additions
944 
At 31 March 2024
2,624 
Depreciation
At 1 April 2023
1,120 
Charge for the year
875 
At 31 March 2024
1,995 
Net book value
At 31 March 2024
629 
At 31 March 2023
560 
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Saltire Asset Finance Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,141 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
100 
Loans from directors
2,105 
104 
Accruals
412 
432 
2,517 
636 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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