Scopuli Limited
Annual Report and Unaudited Financial Statements
For the period ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 14718694 (England and Wales)
Scopuli Limited
Contents
Page
Director's report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
Scopuli Limited
Director's Report
For the period ended 31 March 2024
Page 1

The director presents his annual report and financial statements for the period ended 31 March 2024.

Principal activities

The company was incorporated on the 9th March 2023, and its principal activity is that of providing information technology consultancy activities.

Director

The director who held office during the period and up to the date of signature of the financial statements was as follows:

Mr M Bunyan
(Appointed 9 March 2023)
Statement of director's responsibilities

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

 

 

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr M Bunyan
Director
4 October 2024
Scopuli Limited
Balance Sheet
As at 31 March 2024
Page 2
2024
Notes
£
£
Fixed assets
Tangible assets
3
320
Current assets
Debtors
4
14,400
Cash at bank and in hand
52,171
66,571
Creditors: amounts falling due within one year
5
(33,896)
Net current assets
32,675
Net assets
32,995
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
32,895
Total equity
32,995

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 4 October 2024
Mr M  Bunyan
Director
Company Registration No. 14718694
Scopuli Limited
Statement of Changes in Equity
For the period ended 31 March 2024
Page 3
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Issue of share capital
6
100
-
100
Balance at 9 March 2023
-
0
-
0
-
Period ended 31 March 2024:
Profit and total comprehensive income for the period
-
76,895
76,895
Issue of share capital
6
100
-
100
Dividends
-
(44,000)
(44,000)
Balance at 31 March 2024
100
32,895
32,995
Scopuli Limited
Notes to the Financial Statements
For the period ended 31 March 2024
Page 4
1
Accounting policies
Company information

Scopuli Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Reporting period

The company was incorporated on the 9th March 2023. The financial statements are therefore presented for a period longer than one year.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Scopuli Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2024
1
Accounting policies
(Continued)
Page 5
1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was: 1.

3
Tangible fixed assets
Computers
£
Cost
At 9 March 2023
-
0
Additions
397
At 31 March 2024
397
Depreciation and impairment
At 9 March 2023
-
0
Depreciation charged in the period
77
At 31 March 2024
77
Carrying amount
At 31 March 2024
320
Scopuli Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2024
Page 6
4
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
14,400
5
Creditors: amounts falling due within one year
2024
£
Trade creditors
1,299
Corporation tax
22,147
Other taxation and social security
7,938
Other creditors
12
Accruals and deferred income
2,500
33,896
6
Share capital
2024
Ordinary share capital
£
Issued and fully paid
100 Ordinary shares of £1 each
100
2024-03-312023-03-09false04 October 2024CCH SoftwareCCH Accounts Production 2024.210The company was incorporated on the 9th March 2023, and its principal activity is that of providing information technology consultancy activities. Mr M Bunyanfalsefalse147186942023-03-092024-03-3114718694bus:Director12023-03-092024-03-31147186942024-03-3114718694core:ComputerEquipment2024-03-3114718694core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3114718694core:CurrentFinancialInstruments2024-03-3114718694core:ShareCapital2024-03-3114718694core:RetainedEarningsAccumulatedLosses2024-03-3114718694core:ShareCapital2023-03-0814718694core:RetainedEarningsAccumulatedLosses2023-03-0814718694core:ShareCapital2023-03-092024-03-3114718694core:RetainedEarningsAccumulatedLosses2023-03-092024-03-3114718694core:ComputerEquipment2023-03-092024-03-3114718694core:ComputerEquipment2023-03-0814718694bus:PrivateLimitedCompanyLtd2023-03-092024-03-3114718694bus:SmallCompaniesRegimeForAccounts2023-03-092024-03-3114718694bus:FRS1022023-03-092024-03-3114718694bus:AuditExemptWithAccountantsReport2023-03-092024-03-3114718694bus:FullAccounts2023-03-092024-03-31xbrli:purexbrli:sharesiso4217:GBP