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REGISTERED NUMBER: SC187434 (Scotland)















Financial Statements For The Year Ended 30 September 2024

for

Tinderbox (Scotland) Limited

Tinderbox (Scotland) Limited (Registered number: SC187434)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Tinderbox (Scotland) Limited

Company Information
For The Year Ended 30 September 2024







DIRECTOR: C Ventisei





SECRETARY: A E Logan





REGISTERED OFFICE: c/o Robb Ferguson
Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC187434 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Tinderbox (Scotland) Limited (Registered number: SC187434)

Abridged Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,149 1,349
Tangible assets 5 407,922 236,846
Investments 6 - -
409,071 238,195

CURRENT ASSETS
Stocks 33,446 29,692
Debtors 306,814 262,301
Cash at bank and in hand 23,058 120,435
363,318 412,428
CREDITORS
Amounts falling due within one year 707,907 492,089
NET CURRENT LIABILITIES (344,589 ) (79,661 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,482

158,534

CREDITORS
Amounts falling due after more than one
year

(105,435

)

(61,618

)

PROVISIONS FOR LIABILITIES (3,342 ) (39,449 )
NET (LIABILITIES)/ASSETS (44,295 ) 57,467

CAPITAL AND RESERVES
Called up share capital 8 47,000 47,000
Retained earnings (91,295 ) 10,467
SHAREHOLDERS' FUNDS (44,295 ) 57,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Tinderbox (Scotland) Limited (Registered number: SC187434)

Abridged Statement of Financial Position - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





C Ventisei - Director


Tinderbox (Scotland) Limited (Registered number: SC187434)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Tinderbox (Scotland) 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.

Although the company has net liabilities at the year end, this is being supported by company creditors who have confirmed their continued support. Payment will only be sought when the company has adequate cashflow and working capital to make such repayments. On this basis, the directors consider it appropriate for the account to be prepared on the going concern basis.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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.

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.
Improvements to property - 4% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks 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 are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in statement of comprehensive income.


Tinderbox (Scotland) Limited (Registered number: SC187434)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of 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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 statement of comprehensive income over the relevant period. The capital elements of the future payments is treated as a liability.

Rentals paid under operating leases are charged to statement of comprehensive income on a straight line basis over the period of the lease. Reduced rents were agreed with landlords during the year as a result of premises being closed due to Covid-19. These rent reductions were recognised in the period of relief and not spread out over the length of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 95 (2023 - 77 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 5,000
AMORTISATION
At 1 October 2023 3,651
Amortisation for year 200
At 30 September 2024 3,851
NET BOOK VALUE

At 30 September 2024 1,149
At 30 September 2023 1,349

Tinderbox (Scotland) Limited (Registered number: SC187434)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 1,077,610
Additions 215,468
At 30 September 2024 1,293,078
DEPRECIATION
At 1 October 2023 840,764
Charge for year 44,392
At 30 September 2024 885,156
NET BOOK VALUE
At 30 September 2024 407,922
At 30 September 2023 236,846

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2023
and 30 September 2024 49,203
DEPRECIATION
At 1 October 2023 22,103
Charge for year 6,775
At 30 September 2024 28,878
NET BOOK VALUE
At 30 September 2024 20,325
At 30 September 2023 27,100

Tinderbox (Scotland) Limited (Registered number: SC187434)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2023
and 30 September 2024 1,002
PROVISIONS
At 1 October 2023
and 30 September 2024 1,002
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,284 8,284
Between one and five years - 8,284
8,284 16,568

Non-cancellable operating leases
2024 2023
£    £   
Within one year 140,500 140,500
Between one and five years 562,000 562,000
In more than five years 435,917 576,417
1,138,417 1,278,917

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000
37,000 8% Cumulative redeemable
preference £1 37,000 37,000
47,000 47,000

Tinderbox (Scotland) Limited (Registered number: SC187434)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

8. CALLED UP SHARE CAPITAL - continued

The preference shares were due to be redeemed in four equal installments at par on 26 August 2000, 2001, 2002 and 2003. Dividends of 8p per share per annum are payable. The rights to redeem preference shares to date have not been exercised by the shareholders.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
C Ventisei
Balance outstanding at start of year 69,574 (160 )
Amounts advanced 51,584 69,734
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,158 69,574

Amounts are interest free and repayable on demand.