REGISTERED NUMBER: SC160843 (Scotland)

Mind Screen Limited

Unaudited Financial Statements

for the Year Ended 31st March 2026

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

G J G Devereux

E J H Devereux

K D Brydon

Secretary:

G J G Devereux

Registered office:

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Registered number:

SC160843 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Intangible assets

4

3,409

4,087

Tangible assets

5

11,954

15,444

15,363

19,531

Current assets

Debtors

6

82,708

82,431

Cash at bank

16,477

5,798

99,185

88,229

Creditors

Amounts falling due within one year

7

86,597

88,250

Net current assets/(liabilities)

12,588

(21

)

Total assets less current liabilities

27,951

19,510

Capital and reserves

Called up share capital

389,567

389,567

Retained earnings

(361,616

)

(370,057

)

Shareholders' funds

27,951

19,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 8th June 2026 and were signed on its behalf by:

G J G Devereux - Director

1.	Statutory information

Mind Screen 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 the total value, excluding value added tax of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from marketing is recognised as contract activity progresses and the right to consideration is earned.

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.

Licences have been fully amortised over their estimated useful life of 7 years.

Patents and trademarks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over the assets estimated useful lives. Patents are written off over 20 years. Trademarks are written off over 10 years.

Tangible fixed assets

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

Website

-

10% on cost

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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 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.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

3.	Employees and directors

The average number of employees during the year was 1 (2025 - 1 ) .

4.	Intangible fixed assets

Patents

Licences

Trademark

Totals

£

£

£

£

Cost

At 1st April 2025

and 31st March 2026

4,042

7,248

4,765

16,055

Amortisation

At 1st April 2025

3,030

7,248

1,690

11,968

Amortisation for year

202

-

476

678

At 31st March 2026

3,232

7,248

2,166

12,646

Net book value

At 31st March 2026

810

-

2,599

3,409

At 31st March 2025

1,012

-

3,075

4,087

5.	Tangible fixed assets

Office

Website

equipment

Totals

£

£

£

Cost

At 1st April 2025

and 31st March 2026

33,762

1,293

35,055

Depreciation

At 1st April 2025

18,433

1,178

19,611

Charge for year

3,375

115

3,490

At 31st March 2026

21,808

1,293

23,101

Net book value

At 31st March 2026

11,954

-

11,954

At 31st March 2025

15,329

115

15,444

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

5,636

3,219

Other debtors

77,072

79,212

82,708

82,431

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

988

45

Taxation and social security

948

305

Other creditors

84,661

87,900

86,597

88,250

8.	Related party disclosures

Included within other creditors are directors loan balances, due to two of the directors, totalling £83,155.. These loans are unsecured, interest free and repayable on demand.