REGISTERED NUMBER: SC636956 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Dundee Satellite Station Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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

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.

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

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