Company Registration No. SC517378 (Scotland)
Offshoot Design Ltd
Unaudited accounts
for the year ended 31 October 2023
Offshoot Design Ltd
Unaudited accounts
Contents
Offshoot Design Ltd
Company Information
for the year ended 31 October 2023
Director
Mr. Kenneth Macalister Hall
Company Number
SC517378 (Scotland)
Registered Office
2 Regent Place
Parkhall
Clydebank
West Dunbartonshire
G81 3SG
Scotland
Accountants
Poise Accountancy Ltd.
2 Regent Place
Clydebank
G81 3SG
Offshoot Design Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
27,632
8,448
Cash at bank and in hand
51,694
92,319
Creditors: amounts falling due within one year
(17,450)
(26,832)
Net current assets
58,991
75,142
Total assets less current liabilities
86,623
83,590
Creditors: amounts falling due after more than one year
(26,615)
(36,464)
Called up share capital
1,000
1,000
Profit and loss account
59,008
46,126
Shareholders' funds
60,008
47,126
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
Mr. Kenneth Macalister Hall
Director
Company Registration No. SC517378
Offshoot Design Ltd
Notes to the Accounts
for the year ended 31 October 2023
Offshoot Design Ltd is a private company, limited by shares, registered in Scotland, registration number SC517378. The registered office is 2 Regent Place, Parkhall, Clydebank, West Dunbartonshire, G81 3SG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line basis, over 36 months, commencing month following purchase
Computer equipment
Straight line basis, over 36 months, commencing month following purchase
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
-
10,341
17,248
27,589
Additions
20,039
-
4,622
24,661
At 31 October 2023
20,039
10,341
21,567
51,947
At 1 November 2022
-
5,788
13,353
19,141
Charge for the year
1,405
1,894
2,178
5,477
On disposals
-
-
(303)
(303)
At 31 October 2023
1,405
7,682
15,228
24,315
At 31 October 2023
18,634
2,659
6,339
27,632
At 31 October 2022
-
4,553
3,895
8,448
Offshoot Design Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
23,964
8,599
Accrued income and prepayments
783
1,056
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,703
10,955
Loans from directors
-
15,000
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
700 Ordinary shares - A of £1 each
700
700
300 Ordinary shares - B of £1 each
300
300
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Business Funding
(15,000)
-
(15,000)
-
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).