Company Registration No. SC554201 (Scotland)
Team Scotia Limited
Unaudited Accounts
for the year ended 31 January 2025
Team Scotia Limited
Unaudited Accounts
Contents
Team Scotia Limited
Company Information
for the year ended 31 January 2025
Company Number
SC554201 (Scotland)
Registered Office
Blue Square Offices, 272 Bath Street
Glasgow
G2 4JR
Scotland
Accountants
ESJ Accountants Ltd
4 Raleigh House
Admirals Way
Canary Wharf
London
E14 9SN
Team Scotia Limited
Statement of financial position
as at 31 January 2025
Intangible assets
1,460
1,552
Tangible assets
28,701
35,876
Cash at bank and in hand
689
824
Creditors: amounts falling due within one year
(565,825)
(410,584)
Net current liabilities
(565,136)
(407,995)
Total assets less current liabilities
(534,975)
(370,567)
Creditors: amounts falling due after more than one year
(272,172)
(258,105)
Net liabilities
(807,147)
(628,672)
Called up share capital
51,235
51,235
Profit and loss account
(858,382)
(679,907)
Shareholders' funds
(807,147)
(628,672)
For the year ending 31 January 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by
D Anwar
Director
Company Registration No. SC554201
Team Scotia Limited
Notes to the Accounts
for the year ended 31 January 2025
Team Scotia Limited is a private company, limited by shares, registered in Scotland, registration number SC554201. The registered office is Blue Square Offices, 272 Bath Street, Glasgow, G2 4JR, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Team Scotia Limited
Notes to the Accounts
for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Other creditors
56,931
56,627
Loans from directors
508,894
353,653
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
50,346
36,279
Loans from directors
221,826
221,826
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).