REGISTERED NUMBER: SC529747 (Scotland)

Authentick Limited

Financial Statements For The Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs W Mcmahon

M Mcmahon

C Mcmahon

REGISTERED OFFICE:

First Floor

Robertson House

Shore Street

Inverness

Highland

IV1 1NF

REGISTERED NUMBER:

SC529747 (Scotland)

ACCOUNTANTS:

The Long Partnership

1st Floor

Robertson House

Shore Street

Inverness

Highland

IV1 1NF

BANKERS:

The Royal Bank of Scotland

20 High Street

Nairn

IV12 4AY

FIXED ASSETS

Tangible assets

4

52,343

69,046

CURRENT ASSETS

Debtors

5

138,636

193,386

Cash at bank

5,280

2,640

143,916

196,026

CREDITORS

Amounts falling due within one year

6

89,895

112,897

NET CURRENT ASSETS

54,021

83,129

TOTAL ASSETS LESS CURRENT LIABILITIES

106,364

152,175

CREDITORS

Amounts falling due after more than one year

7

(8,344

)

(14,234

)

PROVISIONS FOR LIABILITIES

(9,552

)

(12,638

)

NET ASSETS

88,468

125,303

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

88,368

125,203

88,468

125,303

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 23 October 2025 and were signed on its behalf by:

M Mcmahon - Director

1.	STATUTORY INFORMATION

Authentick 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.

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

Tangible fixed assets

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

Equipment 25% reducing balance

Motor Vehicles 25% reducing balance

Computer equipment 25% reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2024

and 31 March 2025

148,933

DEPRECIATION

At 1 April 2024

79,887

Charge for year

16,703

At 31 March 2025

96,590

NET BOOK VALUE

At 31 March 2025

52,343

At 31 March 2024

69,046

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

47,949

Amounts owed by associates

93,657

96,902

Other debtors

44,979

48,535

138,636

193,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,962

-

Hire purchase contracts

6,736

6,738

Trade creditors

1,786

3,774

Taxation and social security

7,040

27,468

Other creditors

64,371

74,917

89,895

112,897

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

7,500

14,234

Other creditors

844

-

8,344

14,234

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

C Mcmahon

Balance outstanding at start of year

9,777

11,392

Amounts advanced

-

(1,615

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,777

9,777

Mrs W Mcmahon

Balance outstanding at start of year

50,569

53,006

Amounts advanced

(1,043

)

(2,437

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

49,526

50,569

M Mcmahon

Balance outstanding at start of year

(37,791

)

(34,239

)

Amounts advanced

(1

)

(3,552

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(37,792

)

(37,791

)