REGISTERED NUMBER: SC694954 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SIVP Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P D E Buckland

E J Troughton

REGISTERED OFFICE:

Creagorry

Benbecula

Western Isles

HS7 5PG

REGISTERED NUMBER:

SC694954 (Scotland)

ACCOUNTANTS:

Campbell Stewart MacLennan & Co

Chartered Accountants

Unit 3, Broom Place

Portree

Highland

IV51 9HL

FIXED ASSETS

Intangible assets

4

162,000

186,000

Tangible assets

5

26,291

30,495

188,291

216,495

CURRENT ASSETS

Stocks

31,500

35,000

Debtors

6

97,983

92,704

Prepayments and accrued income

5,366

4,513

Cash at bank and in hand

28,524

29,655

163,373

161,872

CREDITORS

Amounts falling due within one year

7

197,928

215,001

NET CURRENT LIABILITIES

(34,555

)

(53,129

)

TOTAL ASSETS LESS CURRENT LIABILITIES

153,736

163,366

CREDITORS

Amounts falling due after more than one year

8

(9,183

)

(19,201

)

PROVISIONS FOR LIABILITIES

(5,617

)

(6,201

)

ACCRUALS AND DEFERRED INCOME

(15,149

)

(8,614

)

NET ASSETS

123,787

129,350

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

123,777

129,340

123,787

129,350

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

P D E Buckland - Director

1.	STATUTORY INFORMATION

SIVP 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.

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.

Turnover

Turnover is recognised at the fair value of consideration received or receivable at the point when services are undertaken and when goods are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% and 33% on straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

240,000

AMORTISATION

At 1 April 2024

54,000

Charge for year

24,000

At 31 March 2025

78,000

NET BOOK VALUE

At 31 March 2025

162,000

At 31 March 2024

186,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

50,134

Additions

11,158

At 31 March 2025

61,292

DEPRECIATION

At 1 April 2024

19,639

Charge for year

15,362

At 31 March 2025

35,001

NET BOOK VALUE

At 31 March 2025

26,291

At 31 March 2024

30,495

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

80,132

72,995

Other debtors

17,851

19,709

97,983

92,704

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,018

10,018

Trade creditors

36,118

31,401

Taxation and social security

57,633

54,281

Other creditors

94,159

119,301

197,928

215,001

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

9,183

19,201

9.	LEASING AGREEMENTS

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

31/3/25

31/3/24

£

£

Within one year

13,750

13,750

Between one and five years

51,562

55,000

In more than five years

-

10,312

65,312

79,062

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, £20,368 was advanced to PDE Buckland and £10,897 was repaid. The amount due from the director at the end of the year was £4,261.(2024 £5,211 due from the company).

During the year, £3,945 was advanced to E J Troughton and £10,000 was repaid.. The amount due from the director at the end of the year was £1,769. (2024 £7,824 due to the company).

These balances do not carry interest and are repayable on demand.

11.	RELATED PARTY DISCLOSURES

At 31 March 2025 £89,955 (2024 £105,955) was due to D P & L Buckland, parents of director P D E Buckland. This loan is interest free and is repayable on demand.

12.	GOING CONCERN

The company, at present, is reliant on the continuing financial support provided by the loan from D P & L Buckland which is repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SIVP Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of SIVP Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SIVP Ltd and state those matters that we have agreed to state to the Board of Directors of SIVP Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SIVP Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SIVP Ltd. You consider that SIVP Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SIVP Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Campbell Stewart MacLennan & Co

Chartered Accountants

Unit 3, Broom Place

Portree

Highland

IV51 9HL

29 December 2025