Acorah Software Products - Accounts Production 16.1.200 false true 30 September 2023 1 October 2022 false 3 January 2025 1 October 2023 30 September 2024 30 September 2024 01251097 Mr M B White Mr D Vasseur Mr M Cripps iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01251097 2023-09-30 01251097 2024-09-30 01251097 2023-10-01 2024-09-30 01251097 frs-core:CurrentFinancialInstruments 2024-09-30 01251097 frs-core:Non-currentFinancialInstruments 2024-09-30 01251097 frs-core:BetweenOneFiveYears 2024-09-30 01251097 frs-core:FurnitureFittings 2023-10-01 2024-09-30 01251097 frs-core:MotorVehicles 2023-10-01 2024-09-30 01251097 frs-core:PlantMachinery 2024-09-30 01251097 frs-core:PlantMachinery 2023-10-01 2024-09-30 01251097 frs-core:PlantMachinery 2023-09-30 01251097 frs-core:WithinOneYear 2024-09-30 01251097 frs-core:ShareCapital 2024-09-30 01251097 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 01251097 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01251097 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 01251097 frs-bus:SmallEntities 2023-10-01 2024-09-30 01251097 frs-bus:Audited 2023-10-01 2024-09-30 01251097 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01251097 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 01251097 frs-bus:OrdinaryShareClass1 2024-09-30 01251097 frs-bus:Director1 2023-10-01 2024-09-30 01251097 frs-bus:Director2 2023-10-01 2024-09-30 01251097 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 01251097 frs-countries:EnglandWales 2023-10-01 2024-09-30 01251097 2022-09-30 01251097 2023-09-30 01251097 2022-10-01 2023-09-30 01251097 frs-core:CurrentFinancialInstruments 2023-09-30 01251097 frs-core:Non-currentFinancialInstruments 2023-09-30 01251097 frs-core:BetweenOneFiveYears 2023-09-30 01251097 frs-core:MotorVehicles 2022-10-01 2023-09-30 01251097 frs-core:WithinOneYear 2023-09-30 01251097 frs-core:ShareCapital 2023-09-30 01251097 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 01251097 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 01251097
Schott UK Limited
Financial Statements
For The Year Ended 30 September 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 01251097
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,150 71,313
36,150 71,313
CURRENT ASSETS
Debtors 5 347,767 522,276
347,767 522,276
Creditors: Amounts Falling Due Within One Year 6 (143,368 ) (182,438 )
NET CURRENT ASSETS (LIABILITIES) 204,399 339,838
TOTAL ASSETS LESS CURRENT LIABILITIES 240,549 411,151
Creditors: Amounts Falling Due After More Than One Year 7 (4,490 ) (28,770 )
NET ASSETS 236,059 382,381
CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Profit and Loss Account 186,059 332,381
SHAREHOLDERS' FUNDS 236,059 382,381
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 M B White
Director
3 January 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Schott UK Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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 probisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
The company's intermediate parent undertaking, Schott AG, includes the company in its consolidated financial statements. The consolidated financial statements of Schott AG are prepared in accordance with International Financial Reportings Standards and are available to the public and may be obtained from Schott AG, Postfach 2480, 55014 Mainz, Germany.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Commission
Turnover from commission primarily represents payments from group undertakings for the provision of sales distribution services by the company.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Motor Vehicles Straight line over length of lease
Fixtures & Fittings Varying rates on cost
2.4. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset.  The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. 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 assesments in periods different from those in which they aare 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.
Page 2
Page 3
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 October 2023 129,968
Additions 621
Disposals (1,115 )
As at 30 September 2024 129,474
Depreciation
As at 1 October 2023 58,655
Provided during the period 35,784
Disposals (1,115 )
As at 30 September 2024 93,324
Net Book Value
As at 30 September 2024 36,150
As at 1 October 2023 71,313
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 32,675 66,077
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 18,435 17,829
Other debtors 697 697
Corporation tax recoverable assets 5,699 -
VAT 3,398 2,465
Amounts owed by group undertakings 319,538 501,285
347,767 522,276
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,934 29,594
Trade creditors 14,067 7,878
Corporation tax - 3,239
Other taxes and social security 12,728 12,710
Other creditors 7,804 -
Accruals and deferred income 83,835 129,017
143,368 182,438
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,490 28,770
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,934 29,594
Later than one year and not later than five years 4,490 28,770
29,424 58,364
29,424 58,364
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50,000 Ordinary Shares of £ 1.00 each 50,000 50,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,408 6,408
6,408 6,408
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature, we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Audit Information
The auditor's report on the accounts of Schott UK Limited for the year ended 30 September 2024 was unqualified.
The auditor's report was signed by Richard Stonier (Senior Statutory Auditor) for and on behalf of Deans Chartered Accountants , Statutory Auditor.
Page 4