IRIS Accounts Production v25.2.0.378 SC636956 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC636956 2024-03-31 SC636956 2025-03-31 SC636956 2024-04-01 2025-03-31 SC636956 2023-03-31 SC636956 2023-04-01 2024-03-31 SC636956 2024-03-31 SC636956 ns15:Scotland 2024-04-01 2025-03-31 SC636956 ns14:PoundSterling 2024-04-01 2025-03-31 SC636956 ns10:Director1 2024-04-01 2025-03-31 SC636956 ns10:Director2 2024-04-01 2025-03-31 SC636956 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC636956 ns10:SmallEntities 2024-04-01 2025-03-31 SC636956 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC636956 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC636956 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC636956 ns10:FullAccounts 2024-04-01 2025-03-31 SC636956 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC636956 ns5:CurrentFinancialInstruments 2025-03-31 SC636956 ns5:CurrentFinancialInstruments 2024-03-31 SC636956 ns5:Non-currentFinancialInstruments 2025-03-31 SC636956 ns5:Non-currentFinancialInstruments 2024-03-31 SC636956 ns5:ShareCapital 2025-03-31 SC636956 ns5:ShareCapital 2024-03-31 SC636956 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC636956 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC636956 1 2024-04-01 2025-03-31 SC636956 ns5:PlantMachinery 2024-04-01 2025-03-31 SC636956 ns5:ComputerEquipment 2024-04-01 2025-03-31 SC636956 ns5:PlantMachinery 2024-03-31 SC636956 ns5:ComputerEquipment 2024-03-31 SC636956 ns5:PlantMachinery 2025-03-31 SC636956 ns5:ComputerEquipment 2025-03-31 SC636956 ns5:PlantMachinery 2024-03-31 SC636956 ns5:ComputerEquipment 2024-03-31 SC636956 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC636956 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC636956 ns5:CurrentFinancialInstruments 2024-04-01 2025-03-31

REGISTERED NUMBER: SC636956 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Dundee Satellite Station Ltd |

| Dundee Satellite Station Ltd (Registered number: SC636956) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Dundee Satellite Station Ltd |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Dr P S Crawford

| N Lonie

| REGISTERED OFFICE: | 51 Wallace Place

| Longforgan

| Dundee

| DD2 5EE

| REGISTERED NUMBER: | SC636956 (Scotland)

| ACCOUNTANTS: | Henderson Black & Co

| Chartered Accountants

| 28 Rodger Street

| Anstruther

| Fife

| KY10 3DU

| Dundee Satellite Station Ltd (Registered number: SC636956) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 67,702 |  | 78,659 |  |

CURRENT ASSETS

Debtors | 5 | 110,040 |  | 123,395 |  |

Cash at bank | 516,434 |  | 166,130 |  |

626,474 |  | 289,525 |  |

CREDITORS

Amounts falling due within one year | 6 | 340,691 |  | 137,339 |  |

NET CURRENT ASSETS | 285,783 |  | 152,186 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 353,485 |  | 230,845 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (4,541 | ) | (18,701 | ) |

PROVISIONS FOR LIABILITIES | (12,265 | ) | - |  |

NET ASSETS | 336,679 |  | 212,144 |  |

CAPITAL AND RESERVES

Called up share capital | 40,000 |  | 40,000 |  |

Retained earnings | 296,679 |  | 172,144 |  |

336,679 |  | 212,144 |  |

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.

| Dundee Satellite Station Ltd (Registered number: SC636956) |

Balance Sheet - continued

31 March 2025

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 18 September 2025 and were signed on its behalf by:

N Lonie - Director

Dr P S Crawford - Director

| Dundee Satellite Station Ltd (Registered number: SC636956) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Dundee Satellite Station Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| The directors have made judgements in determining the stage of completion of construction projects at the reporting date. These judgements affect the timing of revenue recognition and the carrying amount of deferred income.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration on exchange for its performance under contracts to provide goods and services. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers.

| Revenue from contruction projects is recognised in the profit and loss account by reference to the stage of completion of the project at the reporting date. The stage of completion is determined by the reference to costs incurred to date as a proportion of total estimated costs. Where the outcome of a project cannot be estimated reliably, revenue is recognised only to the extent of costs incurred that are expected to be recoverable. Payments received from customers in advance of the of the performance of services are recognised as deferred income within creditors, and released to revenue in line with the recognition of related costs.

| Tangible fixed assets

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

| Plant & equipment | - | 10% on cost, straight line

| Computer equipment | - | 33% on cost, straight line

| Dundee Satellite Station Ltd (Registered number: SC636956) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Dundee Satellite Station Ltd (Registered number: SC636956) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

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

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Basic financial liabilities

| Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities where payment is due within one year or less, recognised at transaction price.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Plant & |  | Computer |

| equipment |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 120,135 |  | 11,457 |  | 131,592 |  |

| Additions | - |  | 2,736 |  | 2,736 |  |

| At 31 March 2025 | 120,135 |  | 14,193 |  | 134,328 |  |

| DEPRECIATION

| At 1 April 2024 | 42,332 |  | 10,601 |  | 52,933 |  |

| Charge for year | 11,947 |  | 1,746 |  | 13,693 |  |

| At 31 March 2025 | 54,279 |  | 12,347 |  | 66,626 |  |

| NET BOOK VALUE

| At 31 March 2025 | 65,856 |  | 1,846 |  | 67,702 |  |

| At 31 March 2024 | 77,803 |  | 856 |  | 78,659 |  |

| Dundee Satellite Station Ltd (Registered number: SC636956) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 32,060 |  | 123,395 |  |

| Other debtors | 77,980 |  | - |  |

110,040 |  | 123,395 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 13,960 |  | 13,604 |  |

| Trade creditors | 21,673 |  | 1,445 |  |

| Taxation and social security | 51,580 |  | 53,273 |  |

| Other creditors | 253,478 |  | 69,017 |  |

340,691 |  | 137,339 |  |

| Deferred income includes amounts received from customers in respect of construction projects which had not been recognised as revenue at the balance sheet date. At the year end £220,066 is included within other creditors (2024 Nil).

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 4,541 |  | 18,701 |  |