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REGISTERED NUMBER: SC753493 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

PEATYTURF LTD

PEATYTURF LTD (REGISTERED NUMBER: SC753493)






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


PEATYTURF LTD

Company Information
for the year ended 31 December 2024







DIRECTORS: C Farrell
N L W Mackenzie





REGISTERED OFFICE: Unit 8 The Vision Building
20 Greenmarket
Dundee
DD1 4QB





REGISTERED NUMBER: SC753493 (Scotland)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

PEATYTURF LTD (REGISTERED NUMBER: SC753493)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 848 -
Tangible assets 5 2,536 3,247
3,384 3,247

CURRENT ASSETS
Debtors 6 6,069 48,612
Cash at bank 75,439 5,087
81,508 53,699
CREDITORS
Amounts falling due within one year 7 (2,217 ) (30,669 )
NET CURRENT ASSETS 79,291 23,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,675

26,277

PROVISIONS FOR LIABILITIES 8 (462 ) -
NET ASSETS 82,213 26,277

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 82,113 26,177
SHAREHOLDERS' FUNDS 82,213 26,277

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.

PEATYTURF LTD (REGISTERED NUMBER: SC753493)

Balance Sheet - continued
31 December 2024


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 17 June 2025 and were signed on its behalf by:





C Farrell - Director


PEATYTURF LTD (REGISTERED NUMBER: SC753493)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Peatyturf 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.

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
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from video game sales is recognised at the point of sale.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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 reducing balance
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.

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.

PEATYTURF LTD (REGISTERED NUMBER: SC753493)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
Additions 942
At 31 December 2024 942
AMORTISATION
Amortisation for year 94
At 31 December 2024 94
NET BOOK VALUE
At 31 December 2024 848

PEATYTURF LTD (REGISTERED NUMBER: SC753493)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2024 619 4,176 4,795
Additions - 960 960
At 31 December 2024 619 5,136 5,755
DEPRECIATION
At 1 January 2024 155 1,393 1,548
Charge for year 116 1,555 1,671
At 31 December 2024 271 2,948 3,219
NET BOOK VALUE
At 31 December 2024 348 2,188 2,536
At 31 December 2023 464 2,783 3,247

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 6,069 48,612

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security - 5,568
Other creditors 2,217 25,101
2,217 30,669

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 462 -

Deferred tax
£
Provided during year 462
Balance at 31 December 2024 462

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100