Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 04761396 Mr K J Shelton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04761396 2023-05-31 04761396 2024-05-31 04761396 2023-06-01 2024-05-31 04761396 frs-core:CurrentFinancialInstruments 2024-05-31 04761396 frs-core:Non-currentFinancialInstruments 2024-05-31 04761396 frs-core:FurnitureFittings 2024-05-31 04761396 frs-core:FurnitureFittings 2023-06-01 2024-05-31 04761396 frs-core:FurnitureFittings 2023-05-31 04761396 frs-core:NetGoodwill 2024-05-31 04761396 frs-core:NetGoodwill 2023-06-01 2024-05-31 04761396 frs-core:NetGoodwill 2023-05-31 04761396 frs-core:MotorVehicles 2024-05-31 04761396 frs-core:MotorVehicles 2023-06-01 2024-05-31 04761396 frs-core:MotorVehicles 2023-05-31 04761396 frs-core:PlantMachinery 2024-05-31 04761396 frs-core:PlantMachinery 2023-06-01 2024-05-31 04761396 frs-core:PlantMachinery 2023-05-31 04761396 frs-core:CapitalRedemptionReserve 2024-05-31 04761396 frs-core:ShareCapital 2024-05-31 04761396 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04761396 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04761396 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04761396 frs-bus:SmallEntities 2023-06-01 2024-05-31 04761396 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04761396 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04761396 frs-bus:Director1 2023-06-01 2024-05-31 04761396 frs-core:CurrentFinancialInstruments 1 2024-05-31 04761396 frs-countries:EnglandWales 2023-06-01 2024-05-31 04761396 2022-05-31 04761396 2023-05-31 04761396 2022-06-01 2023-05-31 04761396 frs-core:CurrentFinancialInstruments 2023-05-31 04761396 frs-core:Non-currentFinancialInstruments 2023-05-31 04761396 frs-core:CapitalRedemptionReserve 2023-05-31 04761396 frs-core:ShareCapital 2023-05-31 04761396 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 04761396 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 04761396
Scope Signs & Technical Services Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04761396
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,203 6,417
3,203 6,417
CURRENT ASSETS
Debtors 6 119,697 183,729
Cash at bank and in hand 69,462 81,633
189,159 265,362
Creditors: Amounts Falling Due Within One Year 7 (10,453 ) (16,744 )
NET CURRENT ASSETS (LIABILITIES) 178,706 248,618
TOTAL ASSETS LESS CURRENT LIABILITIES 181,909 255,035
Creditors: Amounts Falling Due After More Than One Year 8 (60,210 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (609 ) (1,219 )
NET ASSETS 121,090 253,816
CAPITAL AND RESERVES
Called up share capital 9 2 4
Capital redemption reserve 2 -
Profit and Loss Account 121,086 253,812
SHAREHOLDERS' FUNDS 121,090 253,816
Page 1
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For the year ending 31 May 2024 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 directors acknowledge their 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 K J Shelton
Director
31 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Scope Signs & Technical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04761396 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 2 years.
2.4. 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 50% reducing balance
Motor Vehicles 50% reducing balance
Fixtures & Fittings 50% reducing balance
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 61,738
As at 31 May 2024 61,738
Amortisation
As at 1 June 2023 61,738
As at 31 May 2024 61,738
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 40,404 47,916 7,075 95,395
As at 31 May 2024 40,404 47,916 7,075 95,395
Depreciation
As at 1 June 2023 40,404 41,640 6,934 88,978
Provided during the period - 3,139 75 3,214
As at 31 May 2024 40,404 44,779 7,009 92,192
Net Book Value
As at 31 May 2024 - 3,137 66 3,203
As at 1 June 2023 - 6,276 141 6,417
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,734 18,230
Prepayments and accrued income 3,456 7,992
Scope Project Loan Account 107,507 157,507
119,697 183,729
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,342 2,826
Corporation tax 1,301 168
Other taxes and social security - 1,276
VAT 3,935 6,618
Credit card account 521 2,562
Accruals and deferred income 3,354 3,255
Directors' loan accounts - 39
10,453 16,744
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 60,210 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 4
10. Related Party Transactions
During the year the company made the following related party transactions:
Scope Projects Limited
(Scope Projects Limited is controlled by Mr K J Shelton by virtue of their majority holding of voting rights in the company)
During the year the company paid rental expenses to Scope Projects Limited of £8,400 (2023: £8,400).
At the balance sheet date the amount due to/(from) Scope Projects Limited was (£107,506.50) (2023: (£157,506.50)).
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