58 Seasgad Limited SC707385 true 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is has been process engineering project consultancy services and development of potential malt distillery Digita Accounts Production Advanced 6.30.9574.0 true John Stevenson Fiona Ellen Stevenson SC707385 2024-08-01 2025-07-31 SC707385 2025-07-31 SC707385 bus:OrdinaryShareClass1 2025-07-31 SC707385 core:RetainedEarningsAccumulatedLosses 2025-07-31 SC707385 core:ShareCapital 2025-07-31 SC707385 core:CurrentFinancialInstruments 2025-07-31 SC707385 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 SC707385 core:FurnitureFittingsToolsEquipment 2025-07-31 SC707385 bus:FRS102 2024-08-01 2025-07-31 SC707385 bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 SC707385 bus:FullAccounts 2024-08-01 2025-07-31 SC707385 bus:RegisteredOffice 2024-08-01 2025-07-31 SC707385 bus:Director1 2024-08-01 2025-07-31 SC707385 bus:Director2 2024-08-01 2025-07-31 SC707385 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 SC707385 bus:EntityNoLongerTradingButTradedInPast 2024-08-01 2025-07-31 SC707385 bus:Consolidated 2024-08-01 2025-07-31 SC707385 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC707385 countries:Scotland 2024-08-01 2025-07-31 SC707385 2024-07-31 SC707385 core:FurnitureFittingsToolsEquipment 2024-07-31 SC707385 2024-07-31 SC707385 bus:OrdinaryShareClass1 2024-07-31 SC707385 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC707385 core:ShareCapital 2024-07-31 SC707385 core:CurrentFinancialInstruments 2024-07-31 SC707385 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 SC707385 core:FurnitureFittingsToolsEquipment 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC707385

58 Seasgad Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

58 Seasgad Limited

Profit and Loss Account for the Year Ended 31 July 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

58 Seasgad Limited

(Registration number: SC707385)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 1,600 | 1,600
Current assets |  |  |
Debtors | 4 | 1,907 | -
Cash at bank and in hand |  | 26,115 | 30,436
|  | 28,022 | 30,436
Creditors: Amounts falling due within one year | 6 | (26,622) | (2,211)
Net current assets |  | 1,400 | 28,225
Net assets |  | 3,000 | 29,825
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | 2,998 | 29,823
Shareholders' funds |  | 3,000 | 29,825

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:

......................................... John Stevenson Director |  |

58 Seasgad Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Fangorn
Muiravonside
Linlithgow
EH49 6LW

These financial statements were authorised for issue by the Board on 18 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

58 Seasgad Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

58 Seasgad Limited

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

3 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 3,612 | 3,612
At 31 July 2025 | 3,612 | 3,612
Depreciation
At 1 August 2024 | 2,012 | 2,012
At 31 July 2025 | 2,012 | 2,012
Carrying amount
At 31 July 2025 | 1,600 | 1,600
At 31 July 2024 | 1,600 | 1,600

4 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,907 | -
| 1,907 | -

5 | Cash and cash equivalents

| 2025 £ | 2024 £
Cash at bank | 26,115 | 30,436

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 27,503 | 3,688
Social security and other taxes |  | - | 100
Other payables |  | - | (1)
Accruals |  | 1,000 | 1,000
Income tax liability |  | (1,881) | (2,576)
|  | 26,622 | 2,211

58 Seasgad Limited

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

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.01 each | 200 | 2 | 200 | 2

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Director current account | 27,503 | 3,688