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REGISTERED NUMBER: SC340506 (Scotland)












Financial Statements for the Period 1 April 2024 to 30 April 2025

for

GEDDEYE LTD

GEDDEYE LTD (REGISTERED NUMBER: SC340506)






Contents of the Financial Statements
for the Period 1 April 2024 to 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEDDEYE LTD

Company Information
for the Period 1 April 2024 to 30 April 2025







DIRECTOR: LR Geddes





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC340506 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

GEDDEYE LTD (REGISTERED NUMBER: SC340506)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 15,297

CURRENT ASSETS
Debtors 5 2,219 -
Cash at bank 39,073 78,989
41,292 78,989
CREDITORS
Amounts falling due within one year 6 41,286 26,686
NET CURRENT ASSETS 6 52,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

6

67,600

CREDITORS
Amounts falling due after more than one
year

7

-

(28,006

)

PROVISIONS FOR LIABILITIES - (2,906 )
NET ASSETS 6 36,688

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings - 36,682
SHAREHOLDERS' FUNDS 6 36,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

GEDDEYE LTD (REGISTERED NUMBER: SC340506)

Balance Sheet - continued
30 April 2025


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





LR Geddes - Director


GEDDEYE LTD (REGISTERED NUMBER: SC340506)

Notes to the Financial Statements
for the Period 1 April 2024 to 30 April 2025

1. STATUTORY INFORMATION

Geddeye Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all material 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 period 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.

GEDDEYE LTD (REGISTERED NUMBER: SC340506)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 30 April 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 39,438 37,918 2,680 80,036
Disposals (39,438 ) (37,918 ) (2,680 ) (80,036 )
At 30 April 2025 - - - -
DEPRECIATION
At 1 April 2024 30,901 31,158 2,680 64,739
Eliminated on disposal (30,901 ) (31,158 ) (2,680 ) (64,739 )
At 30 April 2025 - - - -
NET BOOK VALUE
At 30 April 2025 - - - -
At 31 March 2024 8,537 6,760 - 15,297

GEDDEYE LTD (REGISTERED NUMBER: SC340506)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 30 April 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 April 2024 49,000
Disposals (49,000 )
At 30 April 2025 -
DEPRECIATION
At 1 April 2024 42,051
Eliminated on disposal (42,051 )
At 30 April 2025 -
NET BOOK VALUE
At 30 April 2025 -
At 31 March 2024 6,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 2,219 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 4,718
Taxation and social security 5,205 12,032
Other creditors 36,081 9,936
41,286 26,686

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 28,006

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £44,675 were paid to the director .

GEDDEYE LTD (REGISTERED NUMBER: SC340506)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 30 April 2025

8. RELATED PARTY DISCLOSURES - continued

The company was under the control of L Geddes, the director, throughout the current and previous year.

During the period the director advanced the company net amounts totalling £25,883. As at 30 April 2025 included in other creditors is a balance outstanding due to the director of £35,071 (2024 - £9,188). No interest was paid on this loan. With the disposal of the plant, and the withdrawal of the reserves as dividends, the directors shall now apply for a dissolution.