IRIS Accounts Production v25.4.0.155 SC370625 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false 37208 3335 66776 89294 64309 55421 39675 37208 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC370625 2024-03-31 SC370625 2025-03-31 SC370625 2024-04-01 2025-03-31 SC370625 2023-03-31 SC370625 2023-04-01 2024-03-31 SC370625 2024-03-31 SC370625 ns15:Scotland 2024-04-01 2025-03-31 SC370625 ns14:PoundSterling 2024-04-01 2025-03-31 SC370625 ns10:Director1 2024-04-01 2025-03-31 SC370625 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC370625 ns10:SmallEntities 2024-04-01 2025-03-31 SC370625 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC370625 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC370625 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC370625 ns10:FullAccounts 2024-04-01 2025-03-31 SC370625 1 2024-04-01 2025-03-31 SC370625 ns10:Director3 43 2024-03-31 SC370625 ns10:Director3 43 2023-03-31 SC370625 ns10:Director3 43 2024-04-01 2025-03-31 SC370625 ns10:Director3 43 2023-04-01 2024-03-31 SC370625 ns10:Director3 43 2025-03-31 SC370625 ns10:Director3 43 2024-03-31 SC370625 ns10:Director2 2024-04-01 2025-03-31 SC370625 ns10:Director3 2024-04-01 2025-03-31 SC370625 ns10:CompanySecretary1 2024-04-01 2025-03-31 SC370625 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC370625 ns5:CurrentFinancialInstruments 2025-03-31 SC370625 ns5:CurrentFinancialInstruments 2024-03-31 SC370625 ns5:Non-currentFinancialInstruments 2025-03-31 SC370625 ns5:Non-currentFinancialInstruments 2024-03-31 SC370625 ns5:ShareCapital 2025-03-31 SC370625 ns5:ShareCapital 2024-03-31 SC370625 ns5:SharePremium 2025-03-31 SC370625 ns5:SharePremium 2024-03-31 SC370625 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC370625 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC370625 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 SC370625 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 SC370625 ns5:ComputerSoftware 2024-04-01 2025-03-31 SC370625 ns5:PlantMachinery 2024-04-01 2025-03-31 SC370625 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 SC370625 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 SC370625 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 SC370625 ns5:PlantMachinery 2024-03-31 SC370625 ns5:PlantMachinery 2025-03-31 SC370625 ns5:PlantMachinery 2024-03-31 SC370625 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC370625 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC370625 ns5:CurrentFinancialInstruments 2024-04-01 2025-03-31 SC370625 ns10:Director1 1 2024-03-31 SC370625 ns10:Director1 1 2023-03-31 SC370625 ns10:Director1 1 2024-04-01 2025-03-31 SC370625 ns10:Director1 1 2023-04-01 2024-03-31 SC370625 ns10:Director1 1 2025-03-31 SC370625 ns10:Director1 1 2024-03-31

REGISTERED NUMBER: SC370625 (Scotland)

| Morocco Gold Limited |

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| Morocco Gold Limited (Registered number: SC370625) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Morocco Gold Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mr G Davidson

| Mr R Watson

| Mrs L Lyons

| SECRETARY: | Mrs L Lyons

| REGISTERED OFFICE: | 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| REGISTERED NUMBER: | SC370625 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| BANKERS: | Hampden & Co. Bankers

| 9 Charlotte Square

| Edinburgh

| EH2 4DR

| Morocco Gold Limited (Registered number: SC370625) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 3,067 |  | 3,539 |  |

Tangible assets | 5 | 1,466 |  | 3,016 |  |

4,533 |  | 6,555 |  |

CURRENT ASSETS

Stocks | 856,895 |  | 341,524 |  |

Debtors | 6 | 109,826 |  | 165,088 |  |

Cash at bank | 68,605 |  | 133,201 |  |

1,035,326 |  | 639,813 |  |

CREDITORS

Amounts falling due within one year | 7 | 645,699 |  | 454,695 |  |

NET CURRENT ASSETS | 389,627 |  | 185,118 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 394,160 |  | 191,673 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (143,135 | ) | (179,884 | ) |

PROVISIONS FOR LIABILITIES | (1,133 | ) | (1,245 | ) |

NET ASSETS | 249,892 |  | 10,544 |  |

| Morocco Gold Limited (Registered number: SC370625) |

Balance Sheet - continued

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 10,314 |  | 10,314 |  |

Share premium | 59,410 |  | 59,410 |  |

Retained earnings | 180,168 |  | (59,180 | ) |

SHAREHOLDERS' FUNDS | 249,892 |  | 10,544 |  |

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 15 January 2026 and were signed on its behalf by:

Mr G Davidson - Director

| Morocco Gold Limited (Registered number: SC370625) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Morocco Gold Limited 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 represents sales of olive oil.

| Revenue is recognised in the period in which the goods were dispatched.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| Computer software is being amortised evenly over its estimated useful life of four years.

| 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% on cost and 20% on cost

| Stocks

| Stocks are valued at the lower of cost or net realisable value after making due allowance for obsolete or slow moving stock.

| Financial instruments

| Financial instruments comprise financial assets and financial liabilities which are recognised when the company becomes a part to the contractual provisions of th instrument. Financial instruments are classified as "basic" in accordance with FRS102 and are accounted for at amortised cost using the effective interest method The effective interest rate is the rate that exactly estimated future cash flows over the life od the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

| Financial assets at cost comprise cash and other debtors. Financial liabilities comprise bank and other loans, accruals and other creditors.

| Morocco Gold Limited (Registered number: SC370625) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

| Morocco Gold Limited (Registered number: SC370625) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 8,292 |  |

| AMORTISATION

| At 1 April 2024 | 4,753 |  |

| Charge for year | 472 |  |

| At 31 March 2025 | 5,225 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,067 |  |

| At 31 March 2024 | 3,539 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 7,432 |  |

| DEPRECIATION

| At 1 April 2024 | 4,416 |  |

| Charge for year | 1,550 |  |

| At 31 March 2025 | 5,966 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,466 |  |

| At 31 March 2024 | 3,016 |  |

| Morocco Gold Limited (Registered number: SC370625) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 37,312 |  | 97,162 |  |

| Amounts owed by participating interests | 2,766 |  | - |  |

| Other debtors | 69,748 |  | 67,926 |  |

109,826 |  | 165,088 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 36,749 |  | 32,339 |  |

| Trade creditors | 212,083 |  | 103,937 |  |

| Amounts owed to participating interests | 7,039 |  | 7,039 |  |

| Taxation and social security | 93,912 |  | 11,597 |  |

| Other creditors | 295,916 |  | 299,783 |  |

645,699 |  | 454,695 |  |

| Included within other creditors is a directors current account, which is interest free, unsecured, and repayable on demand.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 143,135 |  | 179,884 |  |

9. | 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 |

£ | £ |

| Mr G Davidson and Mrs L Lyons

| Balance outstanding at start of year | 37,208 |  | 3,335 |  |

| Amounts advanced | 66,776 |  | 89,294 |  |

| Amounts repaid | (64,309 | ) | (55,421 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 39,675 |  | 37,208 |  |

| Morocco Gold Limited (Registered number: SC370625) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| Director advances are repayable on demand, unsecured, and interest charged at 2.25%.