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Registered Number: SC612882
Scotland

 

 

 

SCOTTIE TECHNOLOGIES LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Directors Mr E Saevrsson
Ms C Girvan
Mr A Girvan
Registered Number SC612882
Registered Office Citypoint 3rd Floor
65 Haymarket Terrace
Edinburgh
EH12 5HD
Accountants M & S Accountancy & Taxation Limited
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
KY11 3BZ
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 8,064    9,216 
8,064    9,216 
Current assets      
Debtors 5 2,256    35,964 
Cash at bank and in hand 2,985    7,802 
5,241    43,766 
Creditors: amount falling due within one year 6 (3,108)   (227,933)
Net current assets 2,133    (184,167)
 
Total assets less current liabilities 10,197    (174,951)
Net assets 10,197    (174,951)
 

Capital and reserves
     
Called up share capital 7 202,138    2 
Profit and loss account (191,941)   (174,953)
Shareholders' funds 10,197    (174,951)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 August 2025 and were signed on its behalf by:


-------------------------------
Mr E Saevrsson
Director
2
General Information
Scottie Technologies Limited is a private company, limited by shares, registered in Scotland, registration number SC612882, registration address Citypoint 3rd Floor, 65 Haymarket Terrace, Edinburgh, EH12 5HD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
These financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors have agreed to provide financial assistance to the company to ensure that all liabilities are met as they fall due and they will not seek repayment of amounts due to them until there are sufficient cash reserves to do so. The directors have considered a period of twelve months from the date of approval of the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.                                                                                                                                                          
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax.                                                                                                                        
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 10 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers 33% Straight Line
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Software License   Total
  £   £
At 01 January 2024 11,520    11,520 
Additions  
Disposals  
At 31 December 2024 11,520    11,520 
Amortisation
At 01 January 2024 2,304    2,304 
Charge for year 1,152    1,152 
On disposals  
At 31 December 2024 3,456    3,456 
Net book values
At 31 December 2024 8,064    8,064 
At 31 December 2023 9,216    9,216 


4.

Tangible fixed assets

Cost or valuation Computers   Total
  £   £
At 01 January 2024 788    788 
Additions  
Disposals  
At 31 December 2024 788    788 
Depreciation
At 01 January 2024 788    788 
Charge for year  
On disposals  
At 31 December 2024 788    788 
Net book values
Closing balance as at 31 December 2024  
Opening balance as at 01 January 2024  


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 2,256    9,564 
Other Debtors   26,400 
2,256    35,964 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Accrued Expenses 1,586    6,450 
Other Creditors   219,674 
VAT 1,522    1,809 
3,108    227,933 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
202,138 Class A ordinary shares of £1.00 each 202,138   
202,138   

8.

Ultimate Controlling Party

The company's ultimate controlling party is Activity Stream APS by virtue of their ownership of 100% of the issued share capital in the company.


3