IRIS Accounts Production v25.2.0.378 SC430770 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4307702023-12-31SC4307702024-12-31SC4307702024-01-012024-12-31SC4307702022-12-31SC4307702023-01-012023-12-31SC4307702023-12-31SC430770ns15:Scotland2024-01-012024-12-31SC430770ns14:PoundSterling2024-01-012024-12-31SC430770ns10:Director12024-01-012024-12-31SC430770ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC430770ns10:SmallEntities2024-01-012024-12-31SC430770ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC430770ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC430770ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC430770ns10:FullAccounts2024-01-012024-12-31SC43077012024-01-012024-12-31SC430770ns10:Director22024-01-012024-12-31SC430770ns10:RegisteredOffice2024-01-012024-12-31SC430770ns5:CurrentFinancialInstruments2024-12-31SC430770ns5:CurrentFinancialInstruments2023-12-31SC430770ns5:ShareCapital2024-12-31SC430770ns5:ShareCapital2023-12-31SC430770ns5:RetainedEarningsAccumulatedLosses2024-12-31SC430770ns5:RetainedEarningsAccumulatedLosses2023-12-31SC430770ns5:NetGoodwill2024-01-012024-12-31SC430770ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31SC430770ns5:FurnitureFittings2024-01-012024-12-31SC430770ns5:ComputerEquipment2024-01-012024-12-31SC430770ns5:NetGoodwill2023-12-31SC430770ns5:NetGoodwill2024-12-31SC430770ns5:NetGoodwill2023-12-31SC430770ns5:FurnitureFittings2023-12-31SC430770ns5:ComputerEquipment2023-12-31SC430770ns5:FurnitureFittings2024-12-31SC430770ns5:ComputerEquipment2024-12-31SC430770ns5:FurnitureFittings2023-12-31SC430770ns5:ComputerEquipment2023-12-31SC430770ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC430770ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: SC430770 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NICK STEWART MEDIA CONSULTANCY LIMITED
NICK STEWART MEDIA CONSULTANCY LIMITED (REGISTERED NUMBER: SC430770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NICK STEWART MEDIA CONSULTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: N Stewart
C Stewart





REGISTERED OFFICE: c/o Anderson Strathern LLP
58 Morrison Street
Edinburgh
EH3 8BP





REGISTERED NUMBER: SC430770 (Scotland)





ACCOUNTANTS: MacDonald Morton Ltd
Chartered Accountants
67 March Road
Edinburgh
EH4 3SU
Page 1
NICK STEWART MEDIA CONSULTANCY LIMITED (REGISTERED NUMBER: SC430770)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 416
- 416

CURRENT ASSETS
Debtors 6 6,000 -
Cash at bank 107 5,734
6,107 5,734
CREDITORS
Amounts falling due within one year 7 193,739 172,611
NET CURRENT LIABILITIES (187,632 ) (166,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(187,632
)
(166,461
)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (187,634 ) (166,463 )
SHAREHOLDERS' FUNDS (187,632 ) (166,461 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 28 September 2025 and were signed on its behalf by:



N Stewart - Director


The notes form part of these financial statements

Page 2
NICK STEWART MEDIA CONSULTANCY LIMITED (REGISTERED NUMBER: SC430770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Nick Stewart Media Consultancy Limited 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.

Going Concern
These financial statements have been prepared on the going concern basis. The company incurred a net loss of £21,171 for the period ended ended 31 December 2024 and had net liabilities of £187,632 as at 31 December 2024.

The directors have reviewed the current and future trading position of the company and concluded that they are confident that the company will have adequate resources to continue in operational existence for the foreseeable future (period of review limited to a period of less than 12 months from the date of approval of the financial statements). For these reasons, they continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates
The directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services to third parties in the normal course of business, net of discounts, VAT and other related taxes. Revenue from services is recognised when services have been provided and the right to consideration has been earned.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Page 3 continued...
NICK STEWART MEDIA CONSULTANCY LIMITED (REGISTERED NUMBER: SC430770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds the following basic financial instruments.

Financial assets
Cash and cash equivalents - comprise cash in hand and deposits held with banks.

Trade and other debtors are initially measured at the undiscounted amounts receivable from a customer, which is normally the invoiced price. Trade and other debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found an impairment loss is recognised.

Financial liabilities
Trade and other creditors are initially measured at the transaction price, including any transaction costs.

Directors loans are initially measured at the transaction price and are subsequently measured at the undiscounted amount of the cash expected to be paid within the appropriate period of creditors falling due within one year and creditors falling due after more than one year.

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 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 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.

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 2 (2023 - 2 ) .

Page 4 continued...
NICK STEWART MEDIA CONSULTANCY LIMITED (REGISTERED NUMBER: SC430770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 10,000
AMORTISATION
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 2,144 5,070 7,214
DEPRECIATION
At 1 January 2024 2,144 4,654 6,798
Charge for year - 416 416
At 31 December 2024 2,144 5,070 7,214
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - 416 416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 6,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 52,121 55,121
Taxation and social security 35,013 36,429
Other creditors 106,605 81,061
193,739 172,611

8. RELATED PARTY DISCLOSURES

Included within other creditors amounts falling due within one year is £103,125 (2023: £78,558) due to the Directors, N & C Stewart.

Page 5