Company Registration No. SC554201 (Scotland)
Team Scotia Limited
Unaudited Accounts
for the year ended 31 January 2023
Team Scotia Limited
Unaudited Accounts
Contents
Team Scotia Limited
Company Information
for the year ended 31 January 2023
Company Number
SC554201 (Scotland)
Registered Office
Glenruthven Mill Business Park
Abbey Road
Auchterarder
Perth & Kinross
PH3 1DP
Scotland
Accountants
AMS Accountants
4 Raleigh House
Admirals Way
Canary Wharf
London
E14 9SN
Team Scotia Limited
Statement of financial position
as at 31 January 2023
Intangible assets
1,644
1,736
Tangible assets
32,933
32,239
Cash at bank and in hand
1,545
51,475
Creditors: amounts falling due within one year
(219,476)
(76,260)
Net current liabilities
(217,714)
(22,728)
Total assets less current liabilities
(183,137)
11,247
Creditors: amounts falling due after more than one year
(221,826)
(221,826)
Net liabilities
(404,963)
(210,579)
Called up share capital
51,235
51,235
Profit and loss account
(456,198)
(261,814)
Shareholders' funds
(404,963)
(210,579)
For the year ending 31 January 2023 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 24 October 2023 and were signed on its behalf by
A Anwar
Director
Company Registration No. SC554201
Team Scotia Limited
Notes to the Accounts
for the year ended 31 January 2023
Team Scotia Limited is a private company, limited by shares, registered in Scotland, registration number SC554201. The registered office is Glenruthven Mill Business Park, Abbey Road, Auchterarder, Perth & Kinross, PH3 1DP, Scotland.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Team Scotia Limited
Notes to the Accounts
for the year ended 31 January 2023
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
214,971
75,985
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
221,826
221,826
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).