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REGISTERED NUMBER: SC685013 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SCOTT SUBSEA (HIGHLAND) LIMITED

SCOTT SUBSEA (HIGHLAND) LIMITED (REGISTERED NUMBER: SC685013)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

SCOTT SUBSEA (HIGHLAND) LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTOR: Mr M Scott





REGISTERED OFFICE: 25 Castle Heather Road
Inverness
IV20 4EA





REGISTERED NUMBER: SC685013 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

SCOTT SUBSEA (HIGHLAND) LIMITED (REGISTERED NUMBER: SC685013)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,505 1,454

CURRENT ASSETS
Debtors 5 12,126 26,048
Cash at bank 62,263 59,081
74,389 85,129
CREDITORS
Amounts falling due within one year 6 75,794 86,483
NET CURRENT LIABILITIES (1,405 ) (1,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





Mr M Scott - Director


SCOTT SUBSEA (HIGHLAND) LIMITED (REGISTERED NUMBER: SC685013)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Scott Subsea (Highland) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2024 137 124 2,759 3,020
Additions - - 1,041 1,041
At 31 January 2025 137 124 3,800 4,061
DEPRECIATION
At 1 February 2024 53 70 1,443 1,566
Charge for year 27 25 938 990
At 31 January 2025 80 95 2,381 2,556
NET BOOK VALUE
At 31 January 2025 57 29 1,419 1,505
At 31 January 2024 84 54 1,316 1,454

SCOTT SUBSEA (HIGHLAND) LIMITED (REGISTERED NUMBER: SC685013)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 10,812 24,756
Pension debtor 754 754
Prepayments and accrued income 560 538
12,126 26,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 11,662 13,332
VAT 4,013 6,645
Other creditors 34,913 38,232
Directors' current accounts 25,206 28,274
75,794 86,483

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mr M Scott
Balance outstanding at start of year (28,274 ) (29,861 )
Amounts advanced 3,710 1,899
Amounts repaid (642 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,206 ) (28,274 )

The loan is interest free and there are no fixed repayments term.

8. RELATED PARTY DISCLOSURES

At the year end there was an amount of £34,913 (2024: £38,232) due to Lindsay Scott, a shareholder within Scott Subsea (Highland) Limited.

The loan is interest free and there are no fixed repayments term.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SCOTT SUBSEA (HIGHLAND) LIMITED (REGISTERED NUMBER: SC685013)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scott Subsea (Highland) Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Scott Subsea (Highland) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scott Subsea (Highland) Limited and state those matters that we have agreed to state to the director of Scott Subsea (Highland) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Scott Subsea (Highland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scott Subsea (Highland) Limited. You consider that Scott Subsea (Highland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Scott Subsea (Highland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


1 April 2025