REGISTERED NUMBER: SC792803 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

18 DECEMBER 2023 TO 31 MARCH 2025

FOR

VIDATEC HOLDINGS 2024 LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R J Wilson

SECRETARY:

I S R Baird

REGISTERED OFFICE:

Suite 8

10 Newton Place

Glasgow

Scotland

G3 7PR

REGISTERED NUMBER:

SC792803 (Scotland)

ACCOUNTANTS:

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

FIXED ASSETS

Intangible assets

4

529,982

Investments

5

20

530,002

CURRENT ASSETS

Cash at bank

8,513

CREDITORS

Amounts falling due within one year

6

(191,922

)

NET CURRENT LIABILITIES

(183,409

)

TOTAL ASSETS LESS CURRENT LIABILITIES

346,593

CREDITORS

Amounts falling due after more than one year

7

(440,000

)

NET LIABILITIES

(93,407

)

CAPITAL AND RESERVES

Called up share capital

8

Retained earnings

(93,415

)

(93,407

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

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 8 September 2025 and were signed by:

R J Wilson - Director

1.	STATUTORY INFORMATION

Vidatec Holdings 2024 Ltd is a private company, limited by shares, registered in Scotland, registration number SC792803. The registered office is Suite 8, 10 Newton Place, Glasgow, Scotland, G3 7PR..

The principal activity of the company is that of a holding company.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Going concern

These financial statements have been prepared on the going concern basis despite the fact that Statement of Financial Position is showing a net current liability position of the Company. The key driver for this are loans provided to the Company by shareholders and associated companies. There is no intention to recall the loans within the next 12 months, hence going concern basis of the Company is considered to be appropriate.

Significant judgements and estimates

In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

Other than the period of amortisation of Goodwill (as outlined in these Notes), there are no significant judgements or estimates used in the preparation of these accounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, 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.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was NIL.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

599,980

At 31 March 2025

599,980

AMORTISATION

Charge for period

69,998

At 31 March 2025

69,998

NET BOOK VALUE

At 31 March 2025

529,982

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

20

At 31 March 2025

20

NET BOOK VALUE

At 31 March 2025

20

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to associates

77,587

Other creditors

114,335

191,922

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

440,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

152,000