REGISTERED NUMBER: SC576952 (Scotland)

Financial Statements For The Year Ended 31 March 2025

for

39 SVP Flexible Working Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P J Logan

A G Logan

REGISTERED OFFICE:

6th Floor

7 Buchanan Street

Glasgow

G1 3HL

REGISTERED NUMBER:

SC576952 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

74,335

91,690

CURRENT ASSETS

Debtors

284,627

205,834

Cash at bank

3,672

57,880

288,299

263,714

CREDITORS

Amounts falling due within one year

291,447

290,339

NET CURRENT LIABILITIES

(3,148

)

(26,625

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,187

65,065

CREDITORS

Amounts falling due after more than one year

5

128,071

89,662

NET LIABILITIES

(56,884

)

(24,597

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(56,984

)

(24,697

)

(56,884

)

(24,597

)

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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

P J Logan - Director

1.	STATUTORY INFORMATION

39 SVP Flexible Working Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The company reports net liabilities on its balance sheet as at the year end date and as such the director has considered the appropriateness of the going concern basis for preparing these accounts. The company relies on support from third party creditors in order that it can meet its obligations. The director has discussed matters with the company's creditors and is confident that no repayment of facilities will be sought by the company's creditors within a period of 12 months of signing these financial statements that would result in the company failing to meet its obligations. As such, the director is of the view that it is appropriate to prepare these accounts on the going concern basis.

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.

Leasehold improvements

-

over the period of lease

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in statement of comprehensive income.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

126,421

DEPRECIATION

At 1 April 2024

34,731

Charge for year

17,355

At 31 March 2025

52,086

NET BOOK VALUE

At 31 March 2025

74,335

At 31 March 2024

91,690

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

12,700

7,318

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

120,000

110,000

Between one and five years

521,667

360,000

In more than five years

548,333

840,000

1,190,000

1,310,000

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

P J Logan

Balance outstanding at start of year

113,340

36,479

Amounts advanced

92,050

76,861

Amounts repaid

(20,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

185,390

113,340

A G Logan

Balance outstanding at start of year

10,785

10,785

Amounts advanced

57,760

-

Amounts repaid

(50,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,545

10,785