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REGISTERED NUMBER: SC378703 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Abacus Mountain Guides Limited

Abacus Mountain Guides Limited (Registered number: SC378703)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Abacus Mountain Guides Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Michael Pescod
Louise Pescod





REGISTERED OFFICE: 11 Lochiel Road
Inverlochy
Fort William
PH33 6NS





REGISTERED NUMBER: SC378703 (Scotland)





ACCOUNTANTS: Melanie Morrice Accountancy Services Ltd
Rodane
Badabrie
Banavie
Fort William
PH33 7LX

Abacus Mountain Guides Limited (Registered number: SC378703)

Report of the Directors
for the Year Ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of providing world class mountain adventures on the west coast of Scotland.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Michael Pescod
Louise Pescod

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Michael Pescod - Director


23 July 2025

Abacus Mountain Guides Limited (Registered number: SC378703)

Income Statement
for the Year Ended 31 March 2025

31.3.25 31.3.24
Notes £    £   

TURNOVER 117,089 133,500

Cost of sales 64,840 76,455
GROSS PROFIT 52,249 57,045

Administrative expenses 51,704 47,725
545 9,320

Other operating income 228 486
OPERATING PROFIT 4 773 9,806

Interest receivable and similar income - 33
PROFIT BEFORE TAXATION 773 9,839

Tax on profit 74 2,003
PROFIT FOR THE FINANCIAL YEAR 699 7,836

Abacus Mountain Guides Limited (Registered number: SC378703)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 7,944 4,198
7,944 4,198

CURRENT ASSETS
Debtors 7 4,357 2,380
Cash at bank 38,264 60,457
42,621 62,837
CREDITORS
Amounts falling due within one year 8 26,645 42,814
NET CURRENT ASSETS 15,976 20,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,920

24,221

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,820 24,121
SHAREHOLDERS' FUNDS 23,920 24,221

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





Louise Pescod - Director


Abacus Mountain Guides Limited (Registered number: SC378703)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Abacus Mountain Guides 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Abacus Mountain Guides Limited (Registered number: SC378703)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.25 31.3.24
£    £   
Depreciation - owned assets 875 702

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
AMORTISATION
At 1 April 2024
and 31 March 2025 10,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

6. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 2,094 5,932 6,010 2,019 16,055
Additions 3,363 - - 1,258 4,621
At 31 March 2025 5,457 5,932 6,010 3,277 20,676
DEPRECIATION
At 1 April 2024 - 4,519 5,319 2,019 11,857
Charge for year - 283 173 419 875
At 31 March 2025 - 4,802 5,492 2,438 12,732
NET BOOK VALUE
At 31 March 2025 5,457 1,130 518 839 7,944
At 31 March 2024 2,094 1,413 691 - 4,198

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 3,770 1,860
Other debtors 587 520
4,357 2,380

Abacus Mountain Guides Limited (Registered number: SC378703)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 656 5,550
Taxation and social security 3,470 16,945
Other creditors 22,519 20,319
26,645 42,814