REGISTERED NUMBER: SC487892 (Scotland)

Unaudited Financial Statements

for the Period 1 October 2023 to 31 December 2024

for

The 01324 Agency Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

37,044

39,344

Cash at bank

1,433

76

38,477

39,420

CREDITORS

Amounts falling due within one year

5

(29,937

)

(27,540

)

NET CURRENT ASSETS

8,540

11,880

TOTAL ASSETS LESS CURRENT LIABILITIES

8,540

11,880

CREDITORS

Amounts falling due after more than one year

6

(8,411

)

(11,745

)

NET ASSETS

129

135

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29

35

SHAREHOLDERS' FUNDS

129

135

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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 30 September 2025 and were signed by:

Mr N Coleman - Director

1.	STATUTORY INFORMATION

The 01324 Agency Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC487892. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, Stirlingshire, FK3 8WX.

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.

Turnover

Turnover represents net invoiced sales of goods in respect of marketing activities, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

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 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 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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.9.23

£

£

Trade debtors

6,216

6,823

Other debtors

30,828

32,521

37,044

39,344

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.9.23

£

£

Bank loans and overdrafts

4,861

4,861

Trade creditors

398

3,415

Taxation and social security

23,723

18,384

Other creditors

955

880

29,937

27,540

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.9.23

£

£

Bank loans

8,411

11,745

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2024 and the year ended 30 September 2023:

31.12.24

30.9.23

£

£

Mr N Coleman

Balance outstanding at start of period

24,445

21,032

Amounts advanced

22,892

19,523

Amounts repaid

(24,585

)

(16,110

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

22,752

24,445