IRIS Accounts Production v25.1.3.33 SC517381 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5173812024-03-31SC5173812025-03-31SC5173812024-04-012025-03-31SC5173812023-03-31SC5173812023-04-012024-03-31SC5173812024-03-31SC517381ns15:Scotland2024-04-012025-03-31SC517381ns14:PoundSterling2024-04-012025-03-31SC517381ns10:Director12024-04-012025-03-31SC517381ns10:PrivateLimitedCompanyLtd2024-04-012025-03-31SC517381ns10:SmallEntities2024-04-012025-03-31SC517381ns10:AuditExemptWithAccountantsReport2024-04-012025-03-31SC517381ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-31SC517381ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31SC517381ns10:FullAccounts2024-04-012025-03-31SC517381ns10:Director22024-04-012025-03-31SC517381ns10:RegisteredOffice2024-04-012025-03-31SC517381ns5:CurrentFinancialInstruments2025-03-31SC517381ns5:CurrentFinancialInstruments2024-03-31SC517381ns5:ShareCapital2025-03-31SC517381ns5:ShareCapital2024-03-31SC517381ns5:RetainedEarningsAccumulatedLosses2025-03-31SC517381ns5:RetainedEarningsAccumulatedLosses2024-03-31SC517381ns5:FurnitureFittings2024-04-012025-03-31SC517381ns5:ComputerEquipment2024-04-012025-03-31SC517381ns5:FurnitureFittings2024-03-31SC517381ns5:ComputerEquipment2024-03-31SC517381ns5:FurnitureFittings2025-03-31SC517381ns5:ComputerEquipment2025-03-31SC517381ns5:FurnitureFittings2024-03-31SC517381ns5:ComputerEquipment2024-03-31SC517381ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31SC517381ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC517381ns5:DeferredTaxation2024-03-31SC517381ns5:DeferredTaxation2025-03-31SC5173811ns10:Director12024-03-31SC5173811ns10:Director12023-03-31SC5173811ns10:Director12024-04-012025-03-31SC5173811ns10:Director12023-04-012024-03-31SC5173811ns10:Director12025-03-31SC5173811ns10:Director12024-03-31SC517381ns10:Director222024-03-31SC517381ns10:Director222023-03-31SC517381ns10:Director222024-04-012025-03-31SC517381ns10:Director222023-04-012024-03-31SC517381ns10:Director222025-03-31SC517381ns10:Director222024-03-31
REGISTERED NUMBER: SC517381 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MASCOT GROUP LIMITED

MASCOT GROUP LIMITED (REGISTERED NUMBER: SC517381)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

MASCOT GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: Mr S Aird
Mrs J Milne





REGISTERED OFFICE: The Melting Pot
15 Calton Road
Edinburgh
EH8 8DL





REGISTERED NUMBER: SC517381 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

MASCOT GROUP LIMITED (REGISTERED NUMBER: SC517381)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 2,481 3,940

CURRENT ASSETS
Debtors 6 14,307 11,002
Cash at bank 14,077 7,798
28,384 18,800
CREDITORS
Amounts falling due within one year 7 24,915 21,425
NET CURRENT ASSETS/(LIABILITIES) 3,469 (2,625 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,950

1,315

PROVISIONS FOR LIABILITIES 8 620 985
NET ASSETS 5,330 330

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,230 230
SHAREHOLDERS' FUNDS 5,330 330

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 29 May 2025 and were signed on its behalf by:





Mr S Aird - Director


MASCOT GROUP LIMITED (REGISTERED NUMBER: SC517381)

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

1. STATUTORY INFORMATION

Mascot Group 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the proceeds and the carrying value of the asset and is included in the profit and loss account.

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.

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.

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

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.

MASCOT GROUP LIMITED (REGISTERED NUMBER: SC517381)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans are recognised at transaction price.
Financial liabilities are derecognised when the company's contractual obligations are discharged.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 19 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 3,904 8,820 12,724
Disposals (55 ) (2,893 ) (2,948 )
At 31 March 2025 3,849 5,927 9,776
DEPRECIATION
At 1 April 2024 1,751 7,033 8,784
Charge for year 789 670 1,459
Eliminated on disposal (55 ) (2,893 ) (2,948 )
At 31 March 2025 2,485 4,810 7,295
NET BOOK VALUE
At 31 March 2025 1,364 1,117 2,481
At 31 March 2024 2,153 1,787 3,940

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 11,309 8,004
Other debtors 2,998 2,998
14,307 11,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 12,148 13,353
Social security and other taxes 387 403
Pensions 37 74
VAT 10,941 6,817
Directors' current accounts 1,402 778
24,915 21,425

MASCOT GROUP LIMITED (REGISTERED NUMBER: SC517381)

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

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 620 985

Deferred
tax
£   
Balance at 1 April 2024 985
Movement (365 )
Balance at 31 March 2025 620

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr S Aird
Balance outstanding at start of year (716 ) (404 )
Amounts advanced 800 -
Amounts repaid (1,112 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,028 ) (716 )

Mrs J Milne
Balance outstanding at start of year (62 ) 250
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (374 ) (62 )

These amounts bear no interest and have no fixed repayment terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are both the directors Stephen Aird and Joanne Milne, the shareholders of Mascot Group Limited.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MASCOT GROUP LIMITED (REGISTERED NUMBER: SC517381)

The following reproduces the text of the report prepared for the directors 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 Directors 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 Mascot Group Limited for the year ended 31 March 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 Board of Directors of Mascot Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mascot Group Limited and state those matters that we have agreed to state to the Board of Directors of Mascot Group Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mascot Group 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 Mascot Group Limited. You consider that Mascot Group 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 Mascot Group 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
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


29 May 2025