Company Registration No. SC777878 (Scotland)
Poseidon Communications Ltd
Unaudited accounts
for the year ended 31 December 2025
Poseidon Communications Ltd
Unaudited accounts
Contents
Poseidon Communications Ltd
Company Information
for the year ended 31 December 2025
Directors
Robert O'Donnell
Alison O'Donnell
Company Number
SC777878 (Scotland)
Registered Office
Axwell House
2 Westerton Road
Broxburn
EH52 5AU
United Kingdom
Accountants
Select Financial Management (Scotland) Ltd
Accountants & Business Advisers
Axwel House
2 Westerton Road
Broxburn
West Lothian
EH52 5AU
Poseidon Communications Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
9,514
15,922
Cash at bank and in hand
542
7,893
Creditors: amounts falling due within one year
(26,526)
(14,406)
Net current (liabilities)/assets
(11,623)
4,067
Total assets less current liabilities
(2,109)
19,989
Creditors: amounts falling due after more than one year
(1,751)
(4,750)
Provisions for liabilities
Net (liabilities)/assets
(3,860)
12,214
Called up share capital
2
2
Profit and loss account
(3,862)
12,212
Shareholders' funds
(3,860)
12,214
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by
Alison O'Donnell
Director
Company Registration No. SC777878
Poseidon Communications Ltd
Notes to the Accounts
for the year ended 31 December 2025
Poseidon Communications Ltd is a private company, limited by shares, registered in Scotland, registration number SC777878. The registered office is Axwell House, 2 Westerton Road, Broxburn, EH52 5AU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Poseidon Communications Ltd
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Motor vehicles
At 31 December 2025
14,326
At 31 December 2024
15,922
Amounts falling due within one year
Trade debtors
11,203
6,369
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
3,000
3,000
Taxes and social security
-
458
Other creditors
11,118
4,882
Loans from directors
11,522
436
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
1,751
4,750
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).