Registered number
SC122555
ETTRICK COMPUTER SERVICES LIMITED
Filleted Accounts
31 January 2024
ETTRICK COMPUTER SERVICES LIMITED
Registered number: SC122555
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 165,558 159,275
Current assets
Debtors 4 211 606
Cash at bank and in hand 562 175
773 781
Creditors: amounts falling due within one year 5 (95,202) (92,905)
Net current liabilities (94,429) (92,124)
Net assets 71,129 67,151
Capital and reserves
Called up share capital 200 200
Profit and loss account 70,929 66,951
Shareholders' funds 71,129 67,151
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F Thompson
Director
Approved by the board on 22 October 2024
ETTRICK COMPUTER SERVICES LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Going concern
The accounts have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the directors. The directors have given assurances that this support will continue for the foreseeable future and they are hopeful that profitability will improve next year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Tools and equipment etc Total
£ £ £
Cost
At 1 February 2023 159,190 384 159,574
Additions 6,300 - 6,300
At 31 January 2024 165,490 384 165,874
Depreciation
At 1 February 2023 - 299 299
Charge for the year - 17 17
At 31 January 2024 - 316 316
Net book value
At 31 January 2024 165,490 68 165,558
At 31 January 2023 159,190 85 159,275
4 Debtors 2024 2023
£ £
Other debtors 211 606
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 180 162
Other creditors 95,022 92,743
95,202 92,905
6 Other information
ETTRICK COMPUTER SERVICES LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
5 Balnagowan Road
Selkirk
Scotland
TD7 4JE
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