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Registered number: SC691155
Music From Scotland Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Nuvo Scotland Limited
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Mr A Usmani
Company Number SC691155
Registered Office 42 Ashley Park Drive
Aberdeen
AB10 6SE
Accountants Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Music From Scotland Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Music From Scotland Limited which comprise the Profit and Loss Account, the Balance Sheet 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/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Music From Scotland Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Music From Scotland Limited and state those matters that we have agreed to state to the director of Music From Scotland Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Music From Scotland Limited and its director as a body for our work or for this report.
It is your duty to ensure that Music From Scotland Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Music From Scotland Limited . You consider that Music From Scotland 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 accounts of Music From Scotland 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 financial statements.
21 July 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 2
Page 3
Balance Sheet
Registered number: SC691155
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 537 876
537 876
CURRENT ASSETS
Debtors 5 - 974
Cash at bank and in hand 889 727
889 1,701
Creditors: Amounts Falling Due Within One Year 6 (1,140 ) (2,141 )
NET CURRENT ASSETS (LIABILITIES) (251 ) (440 )
TOTAL ASSETS LESS CURRENT LIABILITIES 286 436
NET ASSETS 286 436
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 284 434
SHAREHOLDERS' FUNDS 286 436
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Usmani
Director
20 July 2025
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 2 1,642 1,644
Profit for the year and total comprehensive income - 5,592 5,592
Dividends paid - (6,800) (6,800)
As at 31 March 2024 and 1 April 2024 2 434 436
Profit for the year and total comprehensive income - 850 850
Dividends paid - (1,000) (1,000)
As at 31 March 2025 2 284 286
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Page 5
Notes to the Financial Statements
1. General Information
Music From Scotland Limited is a private company, limited by shares, incorporated in Scotland, registered number SC691155 . The registered office is 42 Ashley Park Drive, Aberdeen, AB10 6SE.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period.  The effect of any change is accounted for prospectively.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 5
Page 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 1,356
As at 31 March 2025 1,356
Depreciation
As at 1 April 2024 480
Provided during the period 339
As at 31 March 2025 819
Net Book Value
As at 31 March 2025 537
As at 1 April 2024 876
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 974
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1
Corporation tax 279 1,626
Accruals and deferred income 34 -
Director's loan account 827 514
1,140 2,141
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Adam Usmani (514 ) - (312 ) - (827 )
The above loan is interest free and has no fixed repayment terms.
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