Mindset Zero Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: SC594047

		30 April 2026		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		53,022

			-		53,022
CURRENT ASSETS
Debtors	5	492		37,005
Cash at bank and in hand		23,796		7,426

		24,288		44,431
Creditors: Amounts Falling Due Within One Year	6	(18,513 )		(30,502 )

NET CURRENT ASSETS (LIABILITIES)			5,775		13,929

TOTAL ASSETS LESS CURRENT LIABILITIES			5,775		66,951

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		-		(11,400 )

NET ASSETS			5,775		55,551

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			5,575		55,351

SHAREHOLDERS' FUNDS			5,775		55,551

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Mindset Zero Limited

Balance Sheet (continued)

As At 30 April 2026

For the period ending 30 April 2026 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 23 June 2026 and were signed on its behalf by:

Mr D C Tyeson Director	Mrs G R Tyeson Director
23/06/2026

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2024	200	84,735	84,935
Profit for the year and total comprehensive income	-	44,116	44,116

Dividends paid	-	(73,500)	(73,500)

As at 31 March 2025 and 1 April 2025	200	55,351	55,551


Profit for the period and total comprehensive income	-	23,724	23,724

Dividends paid	-	(73,500)	(73,500)

As at 30 April 2026	200	5,575	5,775

1. General Information

Mindset Zero Limited is a private company, limited by shares, incorporated in Scotland, registered number SC594047 . The registered office is Royal Bank House , Lochpark, , Carradale East, Campbeltown, PA28 6SG.

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. Significant judgements and estimations

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company’s accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.

2.3. 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.

2.4. Tangible Fixed Assets and Depreciation

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:

Motor Vehicles	25% Reducing balance
Fixtures & Fittings	33% on cost
Computer Equipment	50% on cost

2.5. Financial Instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at cost and 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 within profit and loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were sold at the balance sheet date.

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Mindset Zero Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 30 April 2026

2.6. Taxation

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

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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. 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 period was: 2 (2025: 2)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	112,551	3,933	11,473	127,957
Disposals	(112,551 )	-	-	(112,551 )

As at 30 April 2026	-	3,933	11,473	15,406

Depreciation
As at 1 April 2025	62,287	3,659	8,989	74,935
Provided during the period	12,566	274	2,484	15,324
Disposals	(74,853 )	-	-	(74,853 )

As at 30 April 2026	-	3,933	11,473	15,406

Net Book Value
As at 30 April 2026	-	-	-	-

As at 1 April 2025	50,264	274	2,484	53,022

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Mindset Zero Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 30 April 2026

5. Debtors

	30 April 2026	31 March 2025
	£	£
Due within one year
Trade debtors	-	33,793
Other debtors	492	3,212

	492	37,005

6. Creditors: Amounts Falling Due Within One Year

	30 April 2026	31 March 2025
	£	£
Other creditors	499	3,689
Taxation and social security	18,014	26,813

	18,513	30,502

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	30 April 2026	31 March 2025
	£	£
Other timing differences	-	11,400

8. Share Capital

	30 April 2026	31 March 2025
	£	£
Allotted, Called up and fully paid	200	200

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