Dimensionless Limited SC639523 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is the provision of financial consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true SC639523 2022-09-01 2023-08-31 SC639523 2023-08-31 SC639523 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-08-31 SC639523 core:CurrentFinancialInstruments 2023-08-31 SC639523 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 SC639523 core:FurnitureFittingsToolsEquipment 2023-08-31 SC639523 bus:SmallEntities 2022-09-01 2023-08-31 SC639523 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 SC639523 bus:FullAccounts 2022-09-01 2023-08-31 SC639523 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SC639523 bus:RegisteredOffice 2022-09-01 2023-08-31 SC639523 bus:Director1 2022-09-01 2023-08-31 SC639523 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 SC639523 bus:Agent1 2022-09-01 2023-08-31 SC639523 core:ComputerEquipment 2022-09-01 2023-08-31 SC639523 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 SC639523 countries:Scotland 2022-09-01 2023-08-31 SC639523 2022-08-31 SC639523 core:FurnitureFittingsToolsEquipment 2022-08-31 SC639523 2021-09-01 2022-08-31 SC639523 2022-08-31 SC639523 core:CurrentFinancialInstruments 2022-08-31 SC639523 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 SC639523 core:FurnitureFittingsToolsEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: SC639523

Dimensionless Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Dimensionless Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Dimensionless Limited

Company Information

Director

Dr B Fleming

Registered office

89/66 Holyrood Road
Edinburgh
EH8 8BA

Accountants

Mitchell Oswald Chartered Accountants
28 James Young Road
Bathgate
West Lothian
EH48 2UP

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Dimensionless Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dimensionless Limited for the year ended 31 August 2023 as set out on pages 3 to 9 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com.

This report is made solely to the Board of Directors of Dimensionless Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dimensionless Limited and state those matters that we have agreed to state to the Board of Directors of Dimensionless Limited, as a body, in this report in accordance with the requirements of The Institute of Chartered Accountants of Scotland as detailed at www.icas.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dimensionless Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dimensionless Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dimensionless Limited. You consider that Dimensionless 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 accounts of Dimensionless 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 accounts.

......................................

Mitchell Oswald Chartered Accountants
28 James Young Road
Bathgate
West Lothian
EH48 2UP

6 November 2023

 

Dimensionless Limited

(Registration number: SC639523)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

563

Other financial assets

5

784,146

662,329

 

784,146

662,892

Current assets

 

Debtors

6

96

-

Cash at bank and in hand

 

1,954

623,999

 

2,050

623,999

Creditors: Amounts falling due within one year

7

(639,834)

(1,187,769)

Net current liabilities

 

(637,784)

(563,770)

Total assets less current liabilities

 

146,362

99,122

Provisions for liabilities

(22,356)

(15,215)

Net assets

 

124,006

83,907

Capital and reserves

 

Called up share capital

100

100

Other reserves

67,829

63,112

Retained earnings

56,077

20,695

Shareholders' funds

 

124,006

83,907

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Dimensionless Limited

(Registration number: SC639523)
Balance Sheet as at 31 August 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 November 2023
 

.........................................
Dr B Fleming
Director

   
     
 

Dimensionless Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
89/66 Holyrood Road
Edinburgh
EH8 8BA

These financial statements were authorised for issue by the director on 6 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% on cost

 

Dimensionless Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Investments

Investments are stated at fair value. Any gain or loss on the revaluation of investments is included within the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

 

Dimensionless Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Financial instruments

Classification

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans to the company.

 Recognition and measurement

Trade debtors and trade creditors are measured at the undiscounted amounts receivable from a customer or payable to a supplier, which is normally the invoice price.

Loans received from a bank at a market rate of interest are recognised at the amount of cash received from the bank, less separately incurred transaction costs.

Director's loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

Investments in equity shares which are publicly traded or where the fair value of the shares can be measured reliably are initially measured at fair value. Transaction costs are charged to profit or loss. The investments are subsequently remeasured in the balance sheet at fair value with changes in fair value recognised through profit and loss.


 Impairment

Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Dimensionless Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

5,406

5,406

At 31 August 2023

5,406

5,406

Depreciation

At 1 September 2022

4,843

4,843

Charge for the year

563

563

At 31 August 2023

5,406

5,406

Carrying amount

At 31 August 2023

-

-

At 31 August 2022

563

563

5

Other financial assets

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 September 2022

662,329

662,329

Fair value adjustments

11,858

11,858

Additions

109,959

109,959

At 31 August 2023

784,146

784,146

Carrying amount

At 31 August 2023

784,146

784,146

6

Debtors

Current

2023
£

2022
£

Prepayments

96

-

 

Dimensionless Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

637,914

1,185,909

Accruals and deferred income

 

1,920

1,860

 

639,834

1,187,769

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

637,914

1,185,909