1 November 2022 false Taxfiler 2024.4 SC517378business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC5173782022-10-31 SC5173782022-11-012023-10-31 SC517378business:AuditExemptWithAccountantsReport2022-11-012023-10-31 SC517378business:FilletedAccounts2022-11-012023-10-31 SC5173782023-10-31 SC517378business:Director12022-11-012023-10-31 SC517378business:RegisteredOffice2022-11-012023-10-31 SC5173782022-10-31 SC517378core:WithinOneYear2023-10-31 SC517378core:WithinOneYear2022-10-31 SC517378core:AfterOneYear2023-10-31 SC517378core:AfterOneYear2022-10-31 SC517378core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC517378core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC517378core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC517378core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC517378core:PreviouslyStatedAmount2023-10-31 SC517378core:PreviouslyStatedAmount2022-10-31 SC517378business:SmallEntities2022-11-012023-10-31 SC517378countries:Scotland2022-11-012023-10-31 SC517378core:FurnitureFittings2022-11-012023-10-31 SC517378core:ComputerEquipment2022-11-012023-10-31 SC517378core:MotorVehicles2022-10-31 SC517378core:FurnitureFittings2022-10-31 SC517378core:ComputerEquipment2022-10-31 SC517378core:MotorVehicles2022-11-012023-10-31 SC517378core:MotorVehicles2023-10-31 SC517378core:FurnitureFittings2023-10-31 SC517378core:ComputerEquipment2023-10-31 SC517378business:OrdinaryShareClass12022-11-012023-10-31 SC517378business:OrdinaryShareClass12021-11-012022-10-31 SC517378business:OrdinaryShareClass22022-11-012023-10-31 SC517378business:OrdinaryShareClass22021-11-012022-10-31 SC517378business:AllOrdinaryShares2022-11-012023-10-31 SC517378business:AllOrdinaryShares2021-11-012022-10-31 SC517378business:Director112022-11-012023-10-31 SC517378business:Director112022-10-31 SC517378business:Director112023-10-31 SC5173782021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC517378 (Scotland)
Offshoot Design Ltd Unaudited accounts for the year ended 31 October 2023
Offshoot Design Ltd Unaudited accounts Contents
Page
- 2 -
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
- 3 -
Offshoot Design Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,632 
8,448 
Current assets
Debtors
24,747 
9,655 
Cash at bank and in hand
51,694 
92,319 
76,441 
101,974 
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)
Net assets
60,008 
47,126 
Capital and reserves
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
- 4 -
Offshoot Design Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Pension costs
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 
Disposals
- 
- 
(303)
(303)
At 31 October 2023
20,039 
10,341 
21,567 
51,947 
Depreciation
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 
Net book value
At 31 October 2023
18,634 
2,659 
6,339 
27,632 
At 31 October 2022
- 
4,553 
3,895 
8,448 
- 5 -
Offshoot Design Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,964 
8,599 
Accrued income and prepayments
783 
1,056 
24,747 
9,655 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,277 
- 
Trade creditors
5,470 
852 
Taxes and social security
5,703 
10,955 
Loans from directors
- 
15,000 
Accruals
- 
25 
17,450 
26,832 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,615 
36,464 
8
Share capital
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 
1,000 
1,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Business Funding
(15,000)
- 
(15,000)
- 
(15,000)
- 
(15,000)
- 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -