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REGISTERED NUMBER: SC348121 (Scotland)















Financial Statements for the Year Ended 30 September 2024

for

BELFORD RESEARCH LIMITED

BELFORD RESEARCH LIMITED (REGISTERED NUMBER: SC348121)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

BELFORD RESEARCH LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Dr R E Belford





SECRETARY: Dr R E Belford





REGISTERED OFFICE: 85 High Street
Biggar
Lanarkshire
ML12 6DL





REGISTERED NUMBER: SC348121 (Scotland)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
85 High Street
Biggar
ML12 6DL

BELFORD RESEARCH LIMITED (REGISTERED NUMBER: SC348121)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,888 97,669

CURRENT ASSETS
Debtors 5 27,779 27,466
Cash at bank 332,790 312,226
360,569 339,692
CREDITORS
Amounts falling due within one year 6 34,537 43,591
NET CURRENT ASSETS 326,032 296,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,920

393,770

PROVISIONS FOR LIABILITIES 16,697 18,557
NET ASSETS 397,223 375,213

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 397,222 375,212
SHAREHOLDERS' FUNDS 397,223 375,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:



Dr R E Belford - Director


BELFORD RESEARCH LIMITED (REGISTERED NUMBER: SC348121)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Belford Research 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Smart Computer Equipment - 3 years straight line
Smart Equipment - 4 years straight line
Equipment - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

BELFORD RESEARCH LIMITED (REGISTERED NUMBER: SC348121)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2023
and 30 September 2024 262,705
DEPRECIATION
At 1 October 2023 165,036
Charge for year 9,781
At 30 September 2024 174,817
NET BOOK VALUE
At 30 September 2024 87,888
At 30 September 2023 97,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,779 27,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 460 -
Taxation and social security 19,019 28,144
Other creditors 15,058 15,447
34,537 43,591

7. ULTIMATE CONTROLLING PARTY

The company was under the control of Dr R E Belford throughout the current and previous accounting periods.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Belford Research Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Belford Research Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Belford Research Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Belford Research Limited and state those matters that we have agreed to state to the director of Belford Research Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Belford Research Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Belford Research Limited. You consider that Belford Research Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Belford Research Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G O Thomson & Co
Chartered Accountants
85 High Street
Biggar
ML12 6DL


22 November 2024