1 June 2022 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP107867802022-06-012023-05-31107867802023-05-31107867802022-05-3110786780core:WithinOneYear2023-05-3110786780core:WithinOneYear2022-05-3110786780core:ShareCapital2023-05-3110786780core:ShareCapital2022-05-3110786780core:RetainedEarningsAccumulatedLosses2023-05-3110786780core:RetainedEarningsAccumulatedLosses2022-05-3110786780bus:Director12022-06-012023-05-3110786780bus:Director22022-06-012023-05-3110786780bus:RegisteredOffice2022-06-012023-05-3110786780core:OfficeEquipment2022-06-012023-05-3110786780core:MotorVehicles2022-06-012023-05-31107867802021-06-012022-05-3110786780core:PlantMachinery2022-06-0110786780core:PlantMachinery2022-06-012023-05-3110786780core:PlantMachinery2023-05-3110786780core:PlantMachinery2022-05-311078678012022-06-012023-05-3110786780countries:EnglandWales2022-06-012023-05-3110786780bus:AuditExemptWithAccountantsReport2022-06-012023-05-3110786780bus:PrivateLimitedCompanyLtd2022-06-012023-05-3110786780bus:SmallEntities2022-06-012023-05-3110786780bus:FullAccounts2022-06-012023-05-31
Company registration number:
10786780
Scripted Limited
Unaudited Filleted Financial Statements for the year ended
31 May 2023
Scripted Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Scripted Limited
Year ended
31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Scripted Limited
for the year ended
31 May 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Scripted Limited
, as a body, in accordance with the terms of my engagement letter dated 5 October 2017. My work has been undertaken solely to prepare for your approval the
financial statements
of
Scripted Limited
and state those matters that I have agreed to state to the Board of Directors of
Scripted Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Scripted Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Scripted 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 profit of
Scripted Limited
. You consider that
Scripted Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Scripted Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Gordon & Co
Chartered Accountants and Business Advisors
4 Bloomsbury Square
London
WC1A 2RP
United Kingdom
Date:
20 February 2024
Scripted Limited
Statement of Financial Position
31 May 2023
20232022
Note££
Fixed assets    
Tangible assets 5
12,572
 
18,855
 
Current assets    
Debtors 6
42,120
 
27,016
 
Cash at bank and in hand
126,077
 
55,858
 
168,197
 
82,874
 
Creditors: amounts falling due within one year 7
(54,313
)
(21,570
)
Net current assets
113,884
 
61,304
 
Total assets less current liabilities 126,456   80,159  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
126,454
 
80,157
 
Shareholders funds
126,456
 
80,159
 
For the year ending
31 May 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
20 February 2024
, and are signed on behalf of the board by:
Lucy Ingles
Philip Ingles
DirectorDirector
Company registration number:
10786780
Scripted Limited
Notes to the Financial Statements
Year ended
31 May 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Stone House
,
15 Whitfield
,
Stanford In The Vale
,
Oxfordshire
,
SN7 8FL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line
Motor vehicles
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 June 2022
29,143
 
Additions
408
 
At
31 May 2023
29,551
 
Depreciation  
At
1 June 2022
10,288
 
Charge
6,691
 
At
31 May 2023
16,979
 
Carrying amount  
At
31 May 2023
12,572
 
At 31 May 2022
18,855
 

6 Debtors

20232022
££
Trade debtors
42,120
 
27,016
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
51,575
 
19,444
 
Other creditors
2,738
 
2,126
 
54,313
 
21,570