Company Registration No. SC569758 (Scotland)
Askival West Limited
Unaudited accounts
for the year ended 31 March 2025
Askival West Limited
Unaudited accounts
Contents
Askival West Limited
Company Information
for the year ended 31 March 2025
Directors
Daniel Gilbertson
Lachlan Mackinnon
Company Number
SC569758 (Scotland)
Registered Office
Sakura
Half of One Heaste
Isle of Skye
IV49 9BN
Scotland
Accountants
Callan Accountancy
21 - 23 Woodside Place
Glasgow
G3 7QL
Askival West Limited
Statement of financial position
as at 31 March 2025
Tangible assets
293,855
283,396
Cash at bank and in hand
17,616
23,307
Creditors: amounts falling due within one year
(48,336)
(50,425)
Net current liabilities
(28,526)
(19,457)
Total assets less current liabilities
265,329
263,939
Creditors: amounts falling due after more than one year
(70,736)
(86,342)
Net assets
194,593
177,597
Called up share capital
2
2
Capital redemption reserve
1
1
Profit and loss account
194,590
177,594
Shareholders' funds
194,593
177,597
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by
Daniel Gilbertson
Director
Company Registration No. SC569758
Askival West Limited
Notes to the Accounts
for the year ended 31 March 2025
Askival West Limited is a private company, limited by shares, registered in Scotland, registration number SC569758. The registered office is Sakura, Half of One Heaste, Isle of Skye, IV49 9BN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
etc., 25%RB, 20% SL
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
272,969
30,562
303,531
At 31 March 2025
272,969
52,057
325,026
At 1 April 2024
15,678
4,457
20,135
Charge for the year
1,823
9,213
11,036
At 31 March 2025
17,501
13,670
31,171
At 31 March 2025
255,468
38,387
293,855
At 31 March 2024
257,291
26,105
283,396
Amounts falling due within one year
Askival West Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
18,976
16,300
Obligations under finance leases and hire purchase contracts
12,500
20,834
Taxes and social security
19,880
13,696
Loans from directors
(3,020)
1,240
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).