Acorah Software Products - Accounts Production 14.5.501 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 07021397 Mr P F Chambers Ms K L Chambers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07021397 2022-09-30 07021397 2023-09-30 07021397 2022-10-01 2023-09-30 07021397 frs-core:CurrentFinancialInstruments 2023-09-30 07021397 frs-core:FurnitureFittings 2022-10-01 2023-09-30 07021397 frs-core:MotorVehicles 2022-10-01 2023-09-30 07021397 frs-core:PlantMachinery 2023-09-30 07021397 frs-core:PlantMachinery 2022-10-01 2023-09-30 07021397 frs-core:PlantMachinery 2022-09-30 07021397 frs-core:ShareCapital 2023-09-30 07021397 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07021397 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07021397 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 07021397 frs-bus:SmallEntities 2022-10-01 2023-09-30 07021397 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 07021397 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07021397 frs-bus:Director1 2022-10-01 2023-09-30 07021397 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 07021397 frs-countries:EnglandWales 2022-10-01 2023-09-30 07021397 2021-09-30 07021397 2022-09-30 07021397 2021-10-01 2022-09-30 07021397 frs-core:CurrentFinancialInstruments 2022-09-30 07021397 frs-core:ShareCapital 2022-09-30 07021397 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 07021397
Scorpio Welding & Fabrications Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07021397
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 949 1,266
949 1,266
CURRENT ASSETS
Debtors 5 3,227 70,744
Cash at bank and in hand 48,230 88,132
51,457 158,876
Creditors: Amounts Falling Due Within One Year 6 (27,966 ) (133,074 )
NET CURRENT ASSETS (LIABILITIES) 23,491 25,802
TOTAL ASSETS LESS CURRENT LIABILITIES 24,440 27,068
NET ASSETS 24,440 27,068
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 24,340 26,968
SHAREHOLDERS' FUNDS 24,440 27,068
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For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P F Chambers
Director
4 March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Scorpio Welding & Fabrications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07021397 . The registered office is Unit 1 Old Birchills Trading Estate, Walsall, West Midlands.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The policies adopted for the recognition of turnover are as follows:
Turnover is recognised by reference to completion at the balance sheet date.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 October 2022 22,531
As at 30 September 2023 22,531
Depreciation
As at 1 October 2022 21,265
Provided during the period 317
As at 30 September 2023 21,582
Net Book Value
As at 30 September 2023 949
As at 1 October 2022 1,266
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 702 68,600
Other debtors 2,525 2,144
3,227 70,744
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,572 104,899
Other creditors 23,596 23,551
Taxation and social security 798 4,624
27,966 133,074
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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