## **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**<br>**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**<br>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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