1 January 2024 false No description of principal activity Taxfiler 2024.6 SC243243 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC243243 2023-12-31 SC243243 2024-01-01 2024-12-31 SC243243 business:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC243243 business:FilletedAccounts 2024-01-01 2024-12-31 SC243243 2024-12-31 SC243243 2023-12-31 SC243243 core:WithinOneYear 2024-12-31 SC243243 core:WithinOneYear 2023-12-31 SC243243 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 SC243243 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 SC243243 core:SharePremium core:PreviouslyStatedAmount 2024-12-31 SC243243 core:SharePremium core:PreviouslyStatedAmount 2023-12-31 SC243243 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 SC243243 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 SC243243 core:PreviouslyStatedAmount 2024-12-31 SC243243 core:PreviouslyStatedAmount 2023-12-31 SC243243 business:SmallEntities 2024-01-01 2024-12-31 SC243243 business:Director2 2024-01-01 2024-12-31 SC243243 countries:Scotland 2024-01-01 2024-12-31 SC243243 business:RegisteredOffice 2024-01-01 2024-12-31 SC243243 core:ComputerEquipment 2024-01-01 2024-12-31 SC243243 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 SC243243 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 SC243243 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 SC243243 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 SC243243 core:ComputerEquipment 2023-12-31 SC243243 core:ComputerEquipment 2024-12-31 SC243243 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Sandstorm International Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
1,609
4,342
Tangible assets
5
100
211
Investments
6
1,606,963
1,606,963
1,608,672
1,611,516
Current assets
Debtors
7
743,582
776,377
Cash at bank and in hand
232
4,059
743,814
780,436
Creditors: amounts falling due within one year
8
(299,574)
(306,687)
Net current assets
444,240
473,749
Net assets
2,052,912
2,085,265
Capital and reserves
Called up share capital
669,137
669,137
Share premium
3,992,573
3,992,573
Profit and loss account
(2,608,798)
(2,576,445)
Shareholders' funds
2,052,912
2,085,265
For the year ending 31 December 2024 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 26 December 2025 and were signed on its behalf by
Isaac Odundo Awuondo Director Company Registration No. SC243243
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Sandstorm International Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Sandstorm International Limited is a private company, limited by shares, registered in Scotland, registration number SC243243. The registered office is Park House Business Centre, South Street, Elgin, Morayshire, IV30 1JB, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
Reducing Balance Over 5 Years
Other tangible fixed assets
Reducing Balance Over 5 Years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
27,226
At 31 December 2024
27,226
Amortisation
At 1 January 2024
22,884
Charge for the year
2,733
At 31 December 2024
25,617
Net book value
At 31 December 2024
1,609
At 31 December 2023
4,342
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Sandstorm International Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
2,221
At 31 December 2024
2,221
Depreciation
At 1 January 2024
2,010
Charge for the year
111
At 31 December 2024
2,121
Net book value
At 31 December 2024
100
At 31 December 2023
211
6
Investments
Other investments
£
Valuation at 1 January 2024
1,606,963
Valuation at 31 December 2024
1,606,963
7
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
308
1,451
Trade debtors
473
473
Amounts due from group undertakings etc.
741,399
773,051
Other debtors
1,402
1,402
743,582
776,377
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
253
253
Taxes and social security
152
152
Other creditors
573
348
Loans from directors
168,858
174,934
Accruals
129,738
131,000
299,574
306,687
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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