IRIS Accounts Production v24.2.0.383 SC247150 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2471502022-12-31SC2471502023-12-31SC2471502023-01-012023-12-31SC2471502021-12-31SC2471502022-01-012022-12-31SC2471502022-12-31SC247150ns15:Scotland2023-01-012023-12-31SC247150ns14:PoundSterling2023-01-012023-12-31SC247150ns10:Director12023-01-012023-12-31SC247150ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC247150ns10:SmallEntities2023-01-012023-12-31SC247150ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC247150ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC247150ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC247150ns10:FullAccounts2023-01-012023-12-31SC247150ns10:OrdinaryShareClass12023-01-012023-12-31SC247150ns10:CompanySecretary12023-01-012023-12-31SC247150ns10:RegisteredOffice2023-01-012023-12-31SC247150ns5:CurrentFinancialInstruments2023-12-31SC247150ns5:CurrentFinancialInstruments2022-12-31SC247150ns5:ShareCapital2023-12-31SC247150ns5:ShareCapital2022-12-31SC247150ns5:FurnitureFittings2022-12-31SC247150ns5:ComputerEquipment2022-12-31SC247150ns5:FurnitureFittings2023-01-012023-12-31SC247150ns5:ComputerEquipment2023-01-012023-12-31SC247150ns5:FurnitureFittings2023-12-31SC247150ns5:ComputerEquipment2023-12-31SC247150ns5:FurnitureFittings2022-12-31SC247150ns5:ComputerEquipment2022-12-31SC247150ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC247150ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC247150ns5:DeferredTaxation2022-12-31SC247150ns5:DeferredTaxation2023-01-012023-12-31SC247150ns5:DeferredTaxation2023-12-31SC247150ns10:OrdinaryShareClass12023-12-31SC2471501ns10:Director12022-12-31SC2471501ns10:Director12021-12-31SC2471501ns10:Director12023-01-012023-12-31SC2471501ns10:Director12022-01-012022-12-31SC2471501ns10:Director12023-12-31SC2471501ns10:Director12022-12-31
REGISTERED NUMBER: SC247150 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Numeriq Limited

Numeriq Limited (Registered number: SC247150)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Numeriq Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D P Oxley



SECRETARY: D P Oxley



REGISTERED OFFICE: 6 Logie Mill
Beaverbank Business Park
Edinburgh
Lothian
EH7 4HG



REGISTERED NUMBER: SC247150 (Scotland)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: Bank of Scotland
8 Lochside Avenue
Edinburgh
EH12 9DJ

Numeriq Limited (Registered number: SC247150)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 222 547

CURRENT ASSETS
Debtors 5 10,446 11,851
Cash at bank 1,100 237
11,546 12,088
CREDITORS
Amounts falling due within one year 6 11,716 12,521
NET CURRENT LIABILITIES (170 ) (433 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52

114

PROVISIONS FOR LIABILITIES 7 42 104
NET ASSETS 10 10

CAPITAL AND RESERVES
Called up share capital 8 10 10
SHAREHOLDERS' FUNDS 10 10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:





D P Oxley - Director


Numeriq Limited (Registered number: SC247150)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Numeriq Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the director and creditors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax, and other sales taxes.

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represent the value of services provided under contracts to the extent that there is a right to consideration and is recorded at fair value of the consideration received or receivable.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is
provided on all tangible fixed assets, other than investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment -33% on cost
Fixtures and fittings-20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Numeriq Limited (Registered number: SC247150)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2023 531 11,114 11,645
Additions - 190 190
At 31 December 2023 531 11,304 11,835
DEPRECIATION
At 1 January 2023 449 10,649 11,098
Charge for year 27 488 515
At 31 December 2023 476 11,137 11,613
NET BOOK VALUE
At 31 December 2023 55 167 222
At 31 December 2022 82 465 547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 2,580 6,147
ACT debtor 1,949 1,818
Directors' loan accounts 5,917 3,886
10,446 11,851

Numeriq Limited (Registered number: SC247150)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 235 -
Trade creditors 203 119
Tax 6,611 6,586
VAT 2,881 2,948
ACT creditor 686 1,818
Accrued expenses 1,100 1,050
11,716 12,521

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£ £
Deferred tax 42 104

Deferred tax
£
Balance at 1 January 2023 104
Provided during year (62 )
Balance at 31 December 2023 42

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
10 Ordinary £1 10 10

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£ £
D P Oxley
Balance outstanding at start of year 3,886 5,595
Amounts advanced 8,875 2,172
Amounts repaid (6,844 ) (3,881 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,917 3,886

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,894 (2022 - £26,428) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is D P Oxley.