Silverfin false false 30/06/2025 01/07/2024 30/06/2025 Duncan Bruce Wallace 30/01/2019 Mary Ann Wallace 30/01/2019 23 December 2025 The principal activity of the Company during the financial year was the import and distribution of timber based products. SC619601 2025-06-30 SC619601 bus:Director1 2025-06-30 SC619601 bus:Director2 2025-06-30 SC619601 2024-06-30 SC619601 core:CurrentFinancialInstruments 2025-06-30 SC619601 core:CurrentFinancialInstruments 2024-06-30 SC619601 core:ShareCapital 2025-06-30 SC619601 core:ShareCapital 2024-06-30 SC619601 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC619601 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC619601 core:OtherPropertyPlantEquipment 2024-06-30 SC619601 core:OtherPropertyPlantEquipment 2025-06-30 SC619601 bus:OrdinaryShareClass1 2025-06-30 SC619601 2024-07-01 2025-06-30 SC619601 bus:FilletedAccounts 2024-07-01 2025-06-30 SC619601 bus:SmallEntities 2024-07-01 2025-06-30 SC619601 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC619601 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC619601 bus:Director1 2024-07-01 2025-06-30 SC619601 bus:Director2 2024-07-01 2025-06-30 SC619601 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-07-01 2025-06-30 SC619601 2023-07-01 2024-06-30 SC619601 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 SC619601 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC619601 (Scotland)

# QNA (SCOTLAND) LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH THE REGISTRAR

QNA (SCOTLAND) LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

Contents

QNA (SCOTLAND) LTD

## BALANCE SHEET

AS AT 30 JUNE 2025
QNA (SCOTLAND) LTD

## BALANCE SHEET (continued)

AS AT 30 JUNE 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Stocks | 4 | 13,748 |  | 0
Debtors | 5 | 100,222 |  | 79,972
Cash at bank and in hand | 6 | 29,664 |  | 15,208
|  | 143,634 |  | 95,180
Creditors: amounts falling due within one year | 7 | ( 23,859) |  | ( 6,451)
Net current assets |  | 119,775 |  | 88,729
Total assets less current liabilities |  | 119,775 |  | 88,729
Net assets |  | 119,775 |  | 88,729
Capital and reserves |  |  |  |
Called-up share capital | 8 | 2 |  | 2
Profit and loss account |  | 119,773 |  | 88,727
Total shareholders' funds |  | 119,775 |  | 88,729

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of QNA (Scotland) Ltd (registered number: SC619601) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

Duncan Bruce Wallace Director |

QNA (SCOTLAND) LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
QNA (SCOTLAND) LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

QNA (Scotland) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit S, Arran House, Arran Road, Perth, PH1 3DZ, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents commission received from the import and distribution of timber products and is shown net of VAT.
Revenue is recognised on an accruals basis

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 5,900 |  | 5,900
At 30 June 2025 | 5,900 |  | 5,900
Accumulated depreciation |  |  |
At 01 July 2024 | 5,900 |  | 5,900
At 30 June 2025 | 5,900 |  | 5,900
Net book value |  |  |
At 30 June 2025 | 0 |  | 0
At 30 June 2024 | 0 |  | 0

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 13,748 |  | 0

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 92,241 |  | 78,843
Other debtors | 7,981 |  | 1,129
| 100,222 |  | 79,972

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 29,664 |  | 15,208

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 8,536 |  | 0
Taxation and social security | 12,824 |  | 4,432
Other creditors | 2,499 |  | 2,019
| 23,859 |  | 6,451

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2