2025-03-31-accounts

Contents

1. Executive Summary

2. Profit and Loss

3. Balance Sheet

4. Aged Debtors

5. Aged Creditors

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Executive Summary

Scottish Summit SCIO

Accounting Year 2024/25

	Accounting Year 2024/25
Profit and Loss
Income	145,396
Profit / Loss	11,070
Profit / Loss after tax, dividend or drawings	11,070
Cumulative Profit / Loss	2,045
Balance Sheet
Assets	3,895
Liabilities	1,850
Assets minus Liabilities	2,045
Total Owner's Equity	2,045
Combined Bank Balance	3,895
Aged Debtors
Unpaid Invoices / Outstanding Invoice Credit Notes (Value)	0
Unpaid Invoices / Outstanding Invoice Credit Notes (Number)	0
Clients with Unpaid Invoices / Outstanding Invoice Credit Notes (Number)	0
Aged Creditors
Unpaid Bills / Outstanding Bill Credit Notes (Value)	1,750
Unpaid Bills / Outstanding Bill Credit Notes (Number)	1
Clients with Unpaid Bills / Outstanding Bill Credit Notes (Number)	1

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Profit & Loss

Scottish Summit SCIO

Accounting Year 2024/25

	Debit	Credit
Turnover		145,396
Sales		115,322
Donations		10,073
Sponsorships		2,000
MCT Summit		18,000
add Other Income		7,734
Interest Received		65
Grant Income		7,669
less Cost of Sales	12,286
MCT Cost Of Sales	10,008
Cost of Sales	281
Materials	1,998
Gross Profit		140,843
less Administration Expenses	123,248
Rent	30
Computer Software	2,568
Office Equipment	1,091
Printing	208
Motor Expenses	258
Accommodation and Meals	20,387
Advertising and Promotion	40,458
Leasing Payments	50,676
Accountancy Fees	662
Consultancy Fees	5,896
Postage	50
Bank/Finance Charges	50
Insurance	192

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Travel	666
Realized Currency Exchange Gain/Loss	57
Unrealized Currency Exchange Gain/Loss	-2
less Staff Costs	1,025
Subcontractor Costs	500
Net Salary Expense	525
less Tax-Disallowable Admin Expenses	5,500
Charitable Donations	5,500
Operating Profit		£11,070
less Drawings		£0
less Profit & Loss journal entries		£0
Retained Profit this period:		£11,070
Retained Profit brought forward:		-£9,025
Distributable Reserves / Retained Profit carried forward:		£2,045

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Balance Sheet

Scottish Summit SCIO

As at 31 Mar 25

		£	£
Capital Assets
Net Book Value		0
Current Assets		3,895
	Bank Account: Virgin Bank	3,895
_less_Current Liabilities			1,850
	Trade Creditors		1,750
	VAT		37
	VAT Reclaimed		63
Net Current Assets		£2,045
Total Assets		£2,045
Owner's Equity
	Capital Account:		511
	Capital Account:		511
	Capital Account:		511
	Capital Account:		511
Total Owner's Equity			£2,045

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Aged Debtors

Scottish Summit SCIO

As at 31 Mar 25 ageing by invoice date

Customer/Invoice	Invoice date	Due date	Total	0-30 Days	31-60 Days	61-90 Days	>90 Days
Grand Total			£0.00	£0.00	£0.00	£0.00	£0.00

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Aged Creditors

Scottish Summit SCIO

As at 31 Mar 25 ageing by bill date

Supplier/Bill Bill date	Due date	Total	VAT	0-30 Days	31-60 Days	61-90 Days	>90 Days
MicBoo Ltd		£1,750.00	£291.67	£0.00	£0.00	£0.00	£1,750.00
Outstanding Debt 01 Nov 24	01 Dec 24	£1,750.00	£291.67				£1,750.00
Grand Total		£1,750.00	£291.67	£0.00	£0.00	£0.00	£1,750.00

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