NA EDINBURGH LTD


Director	ATWAL, Narinder Singh


Registered Address	First Floor
	108 George Street
	Edinburgh
	EH2 4LH


Registered Number	SC591386 (Scotland)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on a going concern basis even though at the balance sheet date the company's net liabilities exceeded its net assets by £467,335 (2024: £518,338). The director considers the going concern basis to be appropriate because in his opinion, the company will obtain sufficient funding from its shareholders to enable it to pay its debts as they fall due.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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. Patents and licences are being amortised evenly over their estimated useful life of ten years. Goodwill is amortised evenly over their estimated useful life of eight years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Fixtures and fittings	25	-
Office Equipment	-	10

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Financial instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized 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 amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies 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 amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized 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 amortized.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, loans from fellow group companies 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 amortized.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 April 24	627,676	14,799	642,475
Disposals	-	(4,584)	(4,584)
At 31 March 25	627,676	10,215	637,891
Amortisation and impairment
At 01 April 24	252,694	6,363	259,057
Charge for year	50,214	610	50,824
On disposals	-	(2,244)	(2,244)
At 31 March 25	302,908	4,729	307,637
Net book value
At 31 March 25	324,768	5,486	330,254
At 31 March 24	374,982	8,436	383,418

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	11,595	250,608	252,362	514,565
Disposals	-	(16,227)	-	(16,227)
At 31 March 25	11,595	234,381	252,362	498,338
Depreciation and impairment
At 01 April 24	5,587	181,264	116,863	303,714
Charge for year	1,159	16,052	25,236	42,447
On disposals	-	(11,092)	-	(11,092)
At 31 March 25	6,746	186,224	142,099	335,069
Net book value
At 31 March 25	4,849	48,157	110,263	163,269
At 31 March 24	6,008	69,344	135,499	210,851

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	100	100
At 31 March 25	100	100
Net book value
At 31 March 25	100	100
At 31 March 24	100	100

	Notes
	¹Investments in group undertakings and participating interests

6.	Stocks

	2025	2024
	£	£
Finished goods	7,972	9,617
Total	7,972	9,617

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	207,389	51,698
Prepayments and accrued income	31,682	44,355
Total	239,071	96,053

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	793,486	793,486
Bank borrowings and overdrafts	83,666	109,294
Taxation and social security	646	-
Finance lease and HP contracts	1,711	1,711
Other creditors	97,209	239,671
Accrued liabilities and deferred income	52,653	21,153
Total	1,029,371	1,165,315

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,751	31,877
Other creditors	1,398	2,567
Total	5,149	34,444


	Included within creditors falling due within one year and creditors falling due after more than one year is £29,533(2024: £35,249) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme. The loan is repayable by April 2026 and interest is charged at 3.99% above base rate per annum on this loan. Included within creditors falling due within one year and creditors falling due after more than one year is £42,928(2024: £105,922) in respect of a bank loan from Bank of Scotland which is secured by a floating charge over present and future assets of the company.

Included within creditors falling due within one year and creditors falling due after more than one year is £29,533(2024: £35,249) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme.

The loan is repayable by April 2026 and interest is charged at 3.99% above base rate per annum on this loan.

Included within creditors falling due within one year and creditors falling due after more than one year is £42,928(2024: £105,922) in respect of a bank loan from Bank of Scotland which is secured by a floating charge over present and future assets of the company.

10.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	3,109		4,279


	Obligations under finance leases are secured on the related assets. Minimum lease payments under non-cancellable leases fall due as follows: Due within one year: £1,711 (2024: £1,711) Due after one year: £1,398 (2024: £2,567).

11.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	-	51,324
Other provisions	25,000	25,000
Total	25,000	76,324

12.	Other commitments
	LEASING AGREEMENTS: Minimum lease payments under non-cancellable operating leases fall due as follows: Due within one year: £81,343 (2024: £171,500)

13.

Related party transactions

Included in other debtors falling due within one year are due from companies connected to the director.
Nalmond Ltd £Nil (2024: £1,000).

Included in other creditors falling due within one year is due to companies connected to the director.
HA Aberdeen Ltd £8,000 (2024: £8,000); Hadplaid Limited £55,500Dr (2024: £127,339); NA Aberdeen Ltd £Nil (2024: £16,000), Jedco Ltd £751 Dr (2024: £15,621); ST Edinburgh Ltd £5000 (2024: £Nil); HA Fife Ltd £17,895 (2024: £21,500); PB Edinburgh Ltd £778 Dr (2024: £420); MCA Edinburgh Ltd £10,000 (2024: £10,000)

Included in other creditors due in 12 months is the amount due to the directors £18,220 (2024:£ £18,220).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		330,254		383,418
Tangible assets	4		163,269		210,851
Investments	5		100		100
			493,623		594,369
Current assets
Stocks	6	7,972		9,617
Debtors	7	239,071		96,053
Cash at bank and on hand		57,056		57,706
		304,099		163,376
Creditors amounts falling due within one year	8	(1,029,371)		(1,165,315)
Net current assets (liabilities)			(725,272)		(1,001,939)
Total assets less current liabilities			(231,649)		(407,570)
Creditors amounts falling due after one year	9		(5,149)		(34,444)
Provisions for liabilities	11		(25,000)		(76,324)
Net assets			(261,798)		(518,338)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(261,898)		(518,438)
Shareholders' funds			(261,798)		(518,338)