Boyd Digital Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Boyd Digital Ltd for the year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Boyd Digital Ltd which comprise the Profit and Loss Account, the 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Boyd Digital Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Boyd Digital Ltd and state those matters that we have agreed to state to the directors of Boyd Digital Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boyd Digital Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Boyd Digital Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Boyd Digital Ltd . You consider that Boyd Digital 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 accounts of Boyd Digital 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 financial statements.

22 April 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Boyd Digital Ltd

Balance Sheet

As At 31 October 2025

Balance Sheet

Registered number: SC409423

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		79,595		2,185

			79,595		2,185
CURRENT ASSETS
Debtors	5	191,967		129,910
Cash at bank and in hand		4,313		32,539

		196,280		162,449
Creditors: Amounts Falling Due Within One Year	6	(138,284 )		(100,696 )

NET CURRENT ASSETS (LIABILITIES)			57,996		61,753

TOTAL ASSETS LESS CURRENT LIABILITIES			137,591		63,938

Creditors: Amounts Falling Due After More Than One Year	7		(82,092 )		(29,416 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,899 )		-

NET ASSETS			35,600		34,522

CAPITAL AND RESERVES
Called up share capital			1,000		1,000
Profit and Loss Account			34,600		33,522

SHAREHOLDERS' FUNDS			35,600		34,522

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Boyd Digital Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 22 April 2026 and were signed on its behalf by:

Mr G Ruxton

Director

The notes on pages 4 to 7 form part of these financial statements.

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Boyd Digital Ltd

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Boyd Digital Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC409423 . The registered office is 176 Bath Street, Glasgow, G2 4HG.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Motor Vehicles	25% reducing balance
Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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Boyd Digital Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 14)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	-	-	1,320	18,607	19,927
Additions	4,017	69,550	4,261	4,362	82,190

As at 31 October 2025	4,017	69,550	5,581	22,969	102,117

Depreciation
As at 1 November 2024	-	-	1,320	16,422	17,742
Provided during the period	505	2,898	266	1,111	4,780

As at 31 October 2025	505	2,898	1,586	17,533	22,522

...CONTINUED

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Boyd Digital Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	3,512	66,652	3,995	5,436	79,595

As at 1 November 2024	-	-	-	2,185	2,185

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	71,478	-
Computer Equipment	2,676	-

	74,154	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	155,409	127,971
Prepayments and accrued income	16,177	1,939
Directors' loan accounts	20,381	-

	191,967	129,910

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,706	-
Trade creditors	19,793	3,363
Bank loans and overdrafts	18,331	23,672
Corporation tax	9,386	22,355
Other taxes and social security	7,090	5,370
VAT	69,523	38,610
Other creditors	3,957	4,283
Accruals and deferred income	498	3,043

	138,284	100,696

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	58,863	-
Bank loans	23,229	29,416

	82,092	29,416

8. Secured Creditors

The company has granted a bond and floating charge in favour of Santander UK PLC over all assets and present and future undertakings of the company regarding bank loans.

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Boyd Digital Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	25,434	39,657
Later than one year and not later than five years	6,781	15,225

	32,215	54,882

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Grant Ruxton	-	10,064	(328 )	-	9,736
Mr Colin Boyd	-	31,232	(20,587 )	-	10,645

The above loans are interest free and have no fixed repayment terms.

11. Related Party Transactions

During the year, fees of £42,000 (2024: £44,800) were payable to a company under control of the spouse of a director.

12. Ultimate Controlling Party

The company's ultimate controlling parties are Grant Ruxton and Colin Boyd by virtue of their ownership of 100% of the issued share capital in the company.

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