Spc Scotland Limited - Accounts to registrar (filleted) - small 23.2.5

Spc Scotland Limited - Accounts to registrar (filleted) - small 23.2.5

SPC SCOTLAND LIMITED - Company Information

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IRIS Accounts Production v23.4.0.336 SC522590 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5225902022-12-31SC5225902023-12-31SC5225902023-01-012023-12-31SC5225902021-12-31SC5225902022-01-012022-12-31SC5225902022-12-31SC522590ns15:Scotland2023-01-012023-12-31SC522590ns14:PoundSterling2023-01-012023-12-31SC522590ns10:Director12023-01-012023-12-31SC522590ns10:CompanyLimitedByGuarantee2023-01-012023-12-31SC522590ns10:SmallEntities2023-01-012023-12-31SC522590ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31SC522590ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC522590ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC522590ns10:FullAccounts2023-01-012023-12-31SC522590ns10:Director22023-01-012023-12-31SC522590ns10:Director32023-01-012023-12-31SC522590ns10:Director42023-01-012023-12-31SC522590ns10:RegisteredOffice2023-01-012023-12-31SC522590ns5:CurrentFinancialInstruments2023-12-31SC522590ns5:CurrentFinancialInstruments2022-12-31SC522590ns5:RetainedEarningsAccumulatedLosses2023-12-31SC522590ns5:RetainedEarningsAccumulatedLosses2022-12-31SC522590ns5:PlantMachinery2023-01-012023-12-31SC522590ns5:PlantMachinery2022-12-31SC522590ns5:PlantMachinery2023-12-31SC522590ns5:PlantMachinery2022-12-31SC522590ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC522590ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: SC522590 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SPC SCOTLAND LIMITED
SPC SCOTLAND LIMITED (REGISTERED NUMBER: SC522590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SPC SCOTLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R J G Couston
P Hilton
D A G Kilshaw
B Marnoch





REGISTERED OFFICE: 107 George Street
Edinburgh
United Kingdom
EH2 3ES





REGISTERED NUMBER: SC522590 (Scotland)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SPC SCOTLAND LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spc Scotland Limited for the year ended 31 December 2023 which comprise the Income and expenditure account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Spc Scotland Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spc Scotland Limited and state those matters that we have agreed to state to the Board of Directors of Spc Scotland Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spc Scotland Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spc Scotland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Spc Scotland Limited. You consider that Spc Scotland Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spc Scotland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


27 March 2024

This page does not form part of the statutory financial statements

Page 2
SPC SCOTLAND LIMITED (REGISTERED NUMBER: SC522590)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 5 59 458
Cash at bank 17,587 17,305
17,646 17,763
CREDITORS
Amounts falling due within one year 6 650 665
NET CURRENT ASSETS 16,996 17,098
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,996
17,098

PROVISIONS FOR LIABILITIES 2,897 2,897
NET ASSETS 14,099 14,201

RESERVES
Income and expenditure account 14,099 14,201
14,099 14,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 surplus or deficit 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 notes form part of these financial statements

Page 3 continued...
SPC SCOTLAND LIMITED (REGISTERED NUMBER: SC522590)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income and expenditure account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





P Hilton - Director


The notes form part of these financial statements

Page 4
SPC SCOTLAND LIMITED (REGISTERED NUMBER: SC522590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Spc Scotland Limited is a private company, limited by guarantee , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income and expenditure account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Page 5 continued...
SPC SCOTLAND LIMITED (REGISTERED NUMBER: SC522590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 22,960
DEPRECIATION
At 1 January 2023
and 31 December 2023 22,960
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Other debtors 59 458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors - 15
Other creditors 650 650
650 665

7. RELATED PARTY DISCLOSURES

By the company's nature, and in accordance with its rules, SPC Scotland Limited enter into a number of transactions in the normal course of business with members with whom it shares common directors/principals during the period. These transactions have not been disclosed as related party transactions.

8. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital.

Page 6