Company Registration No. SC178923 (Scotland)
123V Ltd
Unaudited accounts
for the year ended 31 March 2025
123V Ltd
Unaudited accounts
Contents
123V Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr R A Marlin
Mrs A J Marlin
Mr D J Freeman
Mrs J A Freeman
Miss S R Marlin
Mrs P M Anderson
Mr R S Drysdale
Company Number
SC178923 (Scotland)
Registered Office
CANOPY HOUSE RAMSAY STREET
COALSNAUGHTON
TILLICOULTRY
CLACKMANNANSHIRE
FK13 6LH
United Kingdom
123V Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
22,104
24,560
Tangible assets
329,155
401,247
Investment property
230,000
230,000
Inventories
339,680
375,645
Cash at bank and in hand
148,545
124,178
Creditors: amounts falling due within one year
(207,252)
(256,585)
Net current assets
301,262
263,331
Total assets less current liabilities
882,521
919,138
Creditors: amounts falling due after more than one year
(279,393)
(243,183)
Provisions for liabilities
Other provisions
-
(55,987)
Net assets
603,128
619,968
Called up share capital
101,550
101,550
Revaluation reserve
31,000
31,000
Profit and loss account
470,578
487,418
Shareholders' funds
603,128
619,968
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 16 December 2025 and were signed on its behalf by
Mr R A Marlin
Director
Company Registration No. SC178923
123V Ltd
Notes to the Accounts
for the year ended 31 March 2025
123V Ltd is a private company, limited by shares, registered in Scotland, registration number SC178923. The registered office is CANOPY HOUSE RAMSAY STREET, COALSNAUGHTON, TILLICOULTRY, CLACKMANNANSHIRE, FK13 6LH, United Kingdom.
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:
Other tangible fixed assets
10%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
123V Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
165,000
368,702
390,825
153,659
191,890
1,270,076
Additions
-
1,754
-
-
5,706
7,460
Disposals
-
-
(50,013)
-
-
(50,013)
At 31 March 2025
165,000
370,456
340,812
153,659
197,596
1,227,523
At 1 April 2024
-
287,081
274,723
143,871
163,154
868,829
Charge for the year
-
16,675
-
1,957
6,888
25,520
Surplus on revaluation
-
-
16,522
-
-
16,522
On disposals
-
-
(12,503)
-
-
(12,503)
At 31 March 2025
-
303,756
278,742
145,828
170,042
898,368
At 31 March 2025
165,000
66,700
62,070
7,831
27,554
329,155
At 31 March 2024
165,000
81,621
116,102
9,788
28,736
401,247
Fair value at 1 April 2024
230,000
Amounts falling due within one year
Accrued income and prepayments
17,704
17,705
8
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
59,144
71,951
Trade creditors
73,067
83,717
Taxes and social security
6,929
26,963
Other creditors
28,068
39,956
123V Ltd
Notes to the Accounts
for the year ended 31 March 2025
9
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
122,804
239,183
Loans from directors
156,589
-
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).