IRIS Accounts Production v25.1.4.42 SC677032 director 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6770322023-10-31SC6770322024-10-31SC6770322023-11-012024-10-31SC6770322022-10-31SC6770322022-11-012023-10-31SC6770322023-10-31SC677032ns15:Scotland2023-11-012024-10-31SC677032ns14:PoundSterling2023-11-012024-10-31SC677032ns10:Director12023-11-012024-10-31SC677032ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC677032ns10:SmallEntities2023-11-012024-10-31SC677032ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-31SC677032ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC677032ns10:FullAccounts2023-11-012024-10-31SC677032ns10:RegisteredOffice2023-11-012024-10-31SC677032ns5:CurrentFinancialInstruments2024-10-31SC677032ns5:CurrentFinancialInstruments2023-10-31SC677032ns5:Non-currentFinancialInstruments2024-10-31SC677032ns5:Non-currentFinancialInstruments2023-10-31SC677032ns5:ShareCapital2024-10-31SC677032ns5:ShareCapital2023-10-31SC677032ns5:RetainedEarningsAccumulatedLosses2024-10-31SC677032ns5:RetainedEarningsAccumulatedLosses2023-10-31SC677032ns5:PlantMachinery2023-11-012024-10-31SC677032ns5:MotorVehicles2023-11-012024-10-31SC677032ns5:PlantMachinery2023-10-31SC677032ns5:MotorVehicles2023-10-31SC677032ns5:ComputerEquipment2023-10-31SC677032ns5:ComputerEquipment2023-11-012024-10-31SC677032ns5:PlantMachinery2024-10-31SC677032ns5:MotorVehicles2024-10-31SC677032ns5:ComputerEquipment2024-10-31SC677032ns5:PlantMachinery2023-10-31SC677032ns5:MotorVehicles2023-10-31SC677032ns5:ComputerEquipment2023-10-31SC677032ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC677032ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: SC677032 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

SIDELINE GROUP (SCOTLAND) LTD

SIDELINE GROUP (SCOTLAND) LTD (REGISTERED NUMBER: SC677032)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIDELINE GROUP (SCOTLAND) LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: J A Stewart





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC677032 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

SIDELINE GROUP (SCOTLAND) LTD (REGISTERED NUMBER: SC677032)

Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,238 10,766

CURRENT ASSETS
Stocks 119,523 184,557
Debtors 5 96,104 52,696
Cash at bank - 20,632
215,627 257,885
CREDITORS
Amounts falling due within one year 6 207,224 198,427
NET CURRENT ASSETS 8,403 59,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,641

70,224

CREDITORS
Amounts falling due after more than one
year

7

28,750

39,167
NET ASSETS 5,891 31,057

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,791 30,957
5,891 31,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SIDELINE GROUP (SCOTLAND) LTD (REGISTERED NUMBER: SC677032)

Balance Sheet - continued
31 OCTOBER 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 director and authorised for issue on 25 July 2025 and were signed by:





J A Stewart - Director


SIDELINE GROUP (SCOTLAND) LTD (REGISTERED NUMBER: SC677032)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Sideline Group (Scotland) 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.
Plant and machinery - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

SIDELINE GROUP (SCOTLAND) LTD (REGISTERED NUMBER: SC677032)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 6,075 22,594 1,479 30,148
Additions 10,187 11,000 133 21,320
At 31 October 2024 16,262 33,594 1,612 51,468
DEPRECIATION
At 1 November 2023 5,276 13,312 794 19,382
Charge for year 2,746 2,570 532 5,848
At 31 October 2024 8,022 15,882 1,326 25,230
NET BOOK VALUE
At 31 October 2024 8,240 17,712 286 26,238
At 31 October 2023 799 9,282 685 10,766

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,040 12,825
Other debtors 63,064 39,871
96,104 52,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,477 12,500
Trade creditors 76,814 108,774
Taxation and social security 62,108 59,530
Other creditors 45,825 17,623
207,224 198,427

SIDELINE GROUP (SCOTLAND) LTD (REGISTERED NUMBER: SC677032)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 28,750 39,167