Scada Developments Limited 07243140 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 07243140 2023-06-01 2024-05-31 07243140 2024-05-31 07243140 bus:Director1 1 2024-05-31 07243140 bus:OrdinaryShareClass1 bus:OtherShareType 2024-05-31 07243140 core:RetainedEarningsAccumulatedLosses 2024-05-31 07243140 core:ShareCapital 2024-05-31 07243140 core:CurrentFinancialInstruments 2024-05-31 07243140 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07243140 core:OfficeEquipment 2024-05-31 07243140 bus:SmallEntities 2023-06-01 2024-05-31 07243140 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07243140 bus:FilletedAccounts 2023-06-01 2024-05-31 07243140 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07243140 bus:RegisteredOffice 2023-06-01 2024-05-31 07243140 bus:Director1 2023-06-01 2024-05-31 07243140 bus:Director1 1 2023-06-01 2024-05-31 07243140 bus:OrdinaryShareClass1 bus:OtherShareType 2023-06-01 2024-05-31 07243140 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07243140 core:ComputerEquipment 2023-06-01 2024-05-31 07243140 countries:England 2023-06-01 2024-05-31 07243140 2023-05-31 07243140 bus:Director1 1 2023-05-31 07243140 core:OfficeEquipment 2023-05-31 07243140 2022-06-01 2023-05-31 07243140 2023-05-31 07243140 bus:OrdinaryShareClass1 bus:OtherShareType 2023-05-31 07243140 core:RetainedEarningsAccumulatedLosses 2023-05-31 07243140 core:ShareCapital 2023-05-31 07243140 core:CurrentFinancialInstruments 2023-05-31 07243140 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07243140

Scada Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Scada Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Scada Developments Limited

Company Information

Director

Mr G Wiles

Registered office

Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Scada Developments Limited

(Registration number: 07243140)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

2,108

-

Cash at bank and in hand

 

85,445

68,770

 

87,553

68,770

Creditors: Amounts falling due within one year

6

(36,543)

(49,965)

Net assets

 

51,010

18,805

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

51,009

18,804

Shareholders' funds

 

51,010

18,805

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 January 2025
 

.........................................
Mr G Wiles
Director

 

Scada Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

These financial statements were authorised for issue by the director on 8 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Scada Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Reducing Balance

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Scada Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

250

250

At 31 May 2024

250

250

Depreciation

At 1 June 2023

250

250

At 31 May 2024

250

250

Carrying amount

At 31 May 2024

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,108

-

 

2,108

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

6,596

6,596

Taxation and social security

15,840

2,030

Accruals and deferred income

1,280

1,044

Other creditors

12,827

40,295

36,543

49,965

 

Scada Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Dividends

2024

2023

£

£

Interim dividend of £22,000.00 (2023 - £3,000.00) per ordinary share

22,000

3,000

 

 

9

Related party transactions

Transactions with the director

2024

At 1 June 2023
£

Advances to director
£

Repayments by director
£

At 31 May 2024
£

Mr G Wiles

The loan is interest free with no fixed date of repayment.

(40,296)

40,000

(12,532)

(12,828)

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

6,408

6,408