REGISTERED NUMBER: SC109389 (Scotland)

Financial Statements for the Year Ended 31 December 2024

for

Maltacourt (Scotland) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

104,681

132,579

CURRENT ASSETS

Debtors

5

917,373

577,084

Cash at bank

388,991

134,219

1,306,364

711,303

CREDITORS

Amounts falling due within one year

6

(957,143

)

(727,139

)

NET CURRENT ASSETS/(LIABILITIES)

349,221

(15,836

)

TOTAL ASSETS LESS CURRENT LIABILITIES

453,902

116,743

CREDITORS

Amounts falling due after more than one year

7

(38,955

)

(55,248

)

PROVISIONS FOR LIABILITIES

(22,751

)

(29,507

)

NET ASSETS

392,196

31,988

CAPITAL AND RESERVES

Called up share capital

10

8,334

8,334

Share premium

1,666

1,666

Capital redemption reserve

2,778

2,778

Retained earnings

379,418

19,210

SHAREHOLDERS' FUNDS

392,196

31,988

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 Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:

Mr A Williams - Director

1.	STATUTORY INFORMATION

Maltacourt (Scotland) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC109389

Registered office:

Rooms 1/10, 1/11 and 1/13

Spitfire House

Turnhouse Business Park

Edinburgh

EH12 0AL

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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance and 20% on reducing balance

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

48,392

48,028

159,472

255,892

DEPRECIATION

At 1 January 2024

40,057

12,235

71,021

123,313

Charge for year

4,839

5,369

17,690

27,898

At 31 December 2024

44,896

17,604

88,711

151,211

NET BOOK VALUE

At 31 December 2024

3,496

30,424

70,761

104,681

At 31 December 2023

8,335

35,793

88,451

132,579

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

647,397

447,421

Amounts owed by group undertakings

213,150

54,537

Other debtors

56,826

75,126

917,373

577,084

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

5,805

5,777

Trade creditors

178,725

323,108

Amounts owed to group undertakings

193,858

-

Taxation and social security

136,009

209,140

Other creditors

442,746

189,114

957,143

727,139

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

26,527

32,332

Other creditors

12,428

22,916

38,955

55,248

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by instalment

-

8,941

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

71,969

91,716

Between one and five years

48,990

120,959

120,959

212,675

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

32,332

38,109

Maltacourt (Scotland) has obtained an interest-bearing loan facility from Clydesdale Bank. The loan is secured by an undertaking and a floating charge over all the company’s property and assets, both present and future, including uncalled capital.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

8,334

Ordinary

1

8,334

8,334

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Taylor BFP FCA (Senior Statutory Auditor)

for and on behalf of Harts Limited

12.	RELATED PARTY DISCLOSURES

As at balance sheet date, the company was owed £211,570.48 (2023: £nil) by Logicall Group B.V., the ultimate controlling party.

At the same date, a balance of £193,585.00 (2023: £nil) was payable to Logicall UK Ltd, the parent company.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Logicall Group BV.

Maltacourt (Scotland) Ltd is a wholly owned subsidiary of the parent company Logicall UK Limited.

The registered office of the parent company is:

Unit 1, The Griffin Centre,

Staines Road, Feltham,

England,

TW14 0HS