COMPANY REGISTRATION NUMBER:
SC459364
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2026
Current Assets
|
Debtors |
4 |
413,102 |
|
247,102 |
|
Cash at bank and in hand |
50,129 |
|
31,988 |
|
--------- |
|
--------- |
|
463,231 |
|
279,090 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
94,384 |
|
29,199 |
|
--------- |
|
--------- |
|
Net Current Assets |
|
368,847 |
249,891 |
|
|
--------- |
--------- |
|
Total Assets Less Current Liabilities |
|
368,847 |
249,891 |
|
|
--------- |
--------- |
|
Net Assets |
|
368,847 |
249,891 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and Reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
368,747 |
249,791 |
|
|
--------- |
--------- |
|
Shareholders Funds |
|
368,847 |
249,891 |
|
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2026 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 year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
30 June 2026
, and are signed on behalf of the board by:
Company registration number:
SC459364
|
Notes to the Financial Statements |
|
Year Ended 31 March 2026
1.
General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Office 8, 5 West Victoria Dock Road, Dundee, DD1 3JT.
2.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
The company has net assets of £368,847 (2025 - £249,891). The company has prepared detailed financial forecasts which show a profitable forthcoming 12 months and therefore the directors confirm the financial statements are prepared on a going concern basis.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Corporation Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
370,502 |
246,502 |
|
Other debtors |
42,600 |
600 |
|
--------- |
--------- |
|
413,102 |
247,102 |
|
--------- |
--------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Trade creditors |
3,093 |
3,093 |
|
Corporation tax |
36,416 |
– |
|
Social security and other taxes |
3,593 |
5,824 |
|
Other creditors |
51,282 |
20,282 |
|
-------- |
-------- |
|
94,384 |
29,199 |
|
-------- |
-------- |
|
|
|
6.
Related Party Transactions
Mr Paul Rushton was the managing director during the period. The company operated an intercompany loan account with Invinceus Group Limited and at the year end was due to receive £370,502 (2025 - £232,502). In addition, the company was due to pay £31,000 (2025 - £14,000 receivable) from AarraA Consultants Ltd, a group company. These loans have no set repayment terms or interest accruing, however are repayable on demand to the related party.
7.
Controlling Party
During the year the company was under the control of Invinceus Group Limited, a company incorporated in Scotland.