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REGISTERED NUMBER: SC166891 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Roadvert Limited

Roadvert Limited (Registered number: SC166891)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roadvert Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr T L Craig
Mr A G Stewart
Mr C W Fuller





REGISTERED OFFICE: c/o Robertson Craig
3 Clairmont Gardens
Glasgow
G3 7LW





REGISTERED NUMBER: SC166891 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Roadvert Limited (Registered number: SC166891)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 849,470 672,921
Tangible assets 5 8,408 2,390
857,878 675,311

CURRENT ASSETS
Stock 98,177 57,090
Debtors 6 201,101 451,913
Cash at bank 116,132 1,564
415,410 510,567
CREDITORS
Amounts falling due within one year 7 503,282 531,925
NET CURRENT LIABILITIES (87,872 ) (21,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

770,006

653,953

CREDITORS
Amounts falling due after more than one
year

8

47,993

66,529
NET ASSETS 722,013 587,424

Roadvert Limited (Registered number: SC166891)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 268 268
Share premium 877,456 877,456
Revaluation reserve 308,571 308,571
Retained earnings (464,282 ) (598,871 )
SHAREHOLDERS' FUNDS 722,013 587,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





Mr T L Craig - Director


Roadvert Limited (Registered number: SC166891)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Roadvert 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Patents
Patents are stated at Directors' valuation.

Software development
Software Development is included at Directors' valuation.

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 reducing balance
Fittings and equipment - 25% on cost
Computer equipment - 25% on cost

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


Roadvert Limited (Registered number: SC166891)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 141,515 531,406 672,921
Additions 7,524 169,025 176,549
At 31 December 2024 149,039 700,431 849,470
NET BOOK VALUE
At 31 December 2024 149,039 700,431 849,470
At 31 December 2023 141,515 531,406 672,921

Cost or valuation at 31 December 2024 is represented by:

Patents
and Computer
licences software Totals
£    £    £   
Valuation in 2016 - 252,225 252,225
Cost 149,039 448,206 597,245
149,039 700,431 849,470

Roadvert Limited (Registered number: SC166891)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fittings
Plant and and Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,280 5,291 16,049 22,620
Additions - 4,875 4,527 9,402
At 31 December 2024 1,280 10,166 20,576 32,022
DEPRECIATION
At 1 January 2024 1,280 4,563 14,387 20,230
Charge for year - 1,462 1,922 3,384
At 31 December 2024 1,280 6,025 16,309 23,614
NET BOOK VALUE
At 31 December 2024 - 4,141 4,267 8,408
At 31 December 2023 - 728 1,662 2,390

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 189,723 384,345
Other debtors 11,378 67,568
201,101 451,913

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 76,981 26,975
Trade creditors 53,963 102,671
Taxation and social security 339,175 297,024
Other creditors 33,163 105,255
503,282 531,925

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 47,993 14,167
Taxation and social security - 52,362
47,993 66,529

Roadvert Limited (Registered number: SC166891)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 6,643 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
267,723 Ordinary £0.00 1 268 268

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T L Craig.