REGISTERED NUMBER: SC606891 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

NORTH COAST 500 PODS LTD

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Intangible assets

4

8,636

13,144

Tangible assets

5

205,927

235,507

214,563

248,651

CURRENT ASSETS

Debtors

6

34,205

30,365

Cash at bank

40,767

9,538

74,972

39,903

CREDITORS

Amounts falling due within one year

7

(90,307

)

(67,307

)

NET CURRENT LIABILITIES

(15,335

)

(27,404

)

TOTAL ASSETS LESS CURRENT LIABILITIES

199,228

221,247

CREDITORS

Amounts falling due after more than one year

8

(163,754

)

(185,902

)

PROVISIONS FOR LIABILITIES

(7,829

)

(13,449

)

NET ASSETS

27,645

21,896

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,545

21,796

27,645

21,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

A Young - Director

1.	STATUTORY INFORMATION

North Coast 500 Pods Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC606891

Registered office:

30 Craiglockhart Dell Road

Edinburgh

EH14 1JP

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.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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

TANGIBLE FIXED ASSETS

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

Freehold land and buildings - not depreciated

Computer Equipment - 33.33% straight line

Furniture & Fittings - 25% straight line

Plant & Machinery - 5% straight line

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

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 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

15,600

Additions

711

At 31 August 2025

16,311

AMORTISATION

At 1 September 2024

2,456

Charge for year

5,219

At 31 August 2025

7,675

NET BOOK VALUE

At 31 August 2025

8,636

At 31 August 2024

13,144

5.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 September 2024

28,349

367,952

396,301

Disposals

-

(287

)

(287

)

At 31 August 2025

28,349

367,665

396,014

DEPRECIATION

At 1 September 2024

-

160,794

160,794

Charge for year

-

29,431

29,431

Eliminated on disposal

-

(138

)

(138

)

At 31 August 2025

-

190,087

190,087

NET BOOK VALUE

At 31 August 2025

28,349

177,578

205,927

At 31 August 2024

28,349

207,158

235,507

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

25,578

21,738

Prepayments

8,627

8,627

34,205

30,365

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

15,460

13,539

Trade creditors

1,500

-

Tax

10,636

4,140

Social security and other taxes

850

1,350

VAT

35,825

24,093

Other creditors

10,295

10,444

Directors' current accounts

12,741

10,741

Accruals and deferred income

3,000

3,000

90,307

67,307

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

21,298

33,196

Directors' loan accounts

142,456

152,706

163,754

185,902

Amounts included above is payable to Mr Alisdair Young £142,456 (2024: £152,706) and Mr Calum McLeod £12,741 (2024: £12,741)