IRIS Accounts Production v24.3.2.46 SC250332 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2503322023-06-30SC2503322024-06-30SC2503322023-07-012024-06-30SC2503322022-06-30SC2503322022-07-012023-06-30SC2503322023-06-30SC250332ns15:Scotland2023-07-012024-06-30SC250332ns14:PoundSterling2023-07-012024-06-30SC250332ns10:Director12023-07-012024-06-30SC250332ns10:Director22023-07-012024-06-30SC250332ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC250332ns10:SmallEntities2023-07-012024-06-30SC250332ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC250332ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC250332ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC250332ns10:FullAccounts2023-07-012024-06-30SC25033212023-07-012024-06-30SC250332ns10:RegisteredOffice2023-07-012024-06-30SC250332ns5:CurrentFinancialInstruments2024-06-30SC250332ns5:CurrentFinancialInstruments2023-06-30SC250332ns5:ShareCapital2024-06-30SC250332ns5:ShareCapital2023-06-30SC250332ns5:SharePremium2024-06-30SC250332ns5:SharePremium2023-06-30SC250332ns5:CapitalRedemptionReserve2024-06-30SC250332ns5:CapitalRedemptionReserve2023-06-30SC250332ns5:RetainedEarningsAccumulatedLosses2024-06-30SC250332ns5:RetainedEarningsAccumulatedLosses2023-06-30SC250332ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-30SC250332ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-012024-06-30SC250332ns5:PlantMachinery2023-07-012024-06-30SC250332ns5:IntangibleAssetsOtherThanGoodwill2023-06-30SC250332ns5:IntangibleAssetsOtherThanGoodwill2024-06-30SC250332ns5:IntangibleAssetsOtherThanGoodwill2023-06-30SC250332ns5:PlantMachinery2023-06-30SC250332ns5:PlantMachinery2024-06-30SC250332ns5:PlantMachinery2023-06-30SC250332ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC250332ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30SC2503321ns10:Director12023-06-30SC2503321ns10:Director12022-06-30SC2503321ns10:Director12023-07-012024-06-30SC2503321ns10:Director12022-07-012023-06-30SC2503321ns10:Director12024-06-30SC2503321ns10:Director12023-06-30SC250332ns10:Director222023-06-30SC250332ns10:Director222022-06-30SC250332ns10:Director222023-07-012024-06-30SC250332ns10:Director222022-07-012023-06-30SC250332ns10:Director222024-06-30SC250332ns10:Director222023-06-30
REGISTERED NUMBER: SC250332 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Wildfire Technology Limited

Wildfire Technology Limited (Registered number: SC250332)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wildfire Technology Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: N G E Donald
C Redpath





REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR





REGISTERED NUMBER: SC250332 (Scotland)





ACCOUNTANTS: Oak Accountancy Solutions Ltd
12 Pankhurst
East Kilbride
Glasgow
G74 4BH

Wildfire Technology Limited (Registered number: SC250332)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 217
- 217

CURRENT ASSETS
Debtors 6 3,460 11,064
Cash at bank 13,906 14,934
17,366 25,998
CREDITORS
Amounts falling due within one year 7 11,369 15,501
NET CURRENT ASSETS 5,997 10,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,997

10,714

CAPITAL AND RESERVES
Called up share capital 4,951 4,951
Share premium 7,654 7,654
Capital redemption reserve 550 550
Retained earnings (7,158 ) (2,441 )
SHAREHOLDERS' FUNDS 5,997 10,714

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

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

The directors acknowledge their 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.

Wildfire Technology Limited (Registered number: SC250332)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:




N G E Donald - Director



C Redpath - Director


Wildfire Technology Limited (Registered number: SC250332)

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

1. STATUTORY INFORMATION

Wildfire Technology 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% 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.

Research and development
Research and development costs are being amortised evenly over their estimated useful life of three years.

3. EMPLOYEES AND DIRECTORS

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

Wildfire Technology Limited (Registered number: SC250332)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 553,435
AMORTISATION
At 1 July 2023
and 30 June 2024 553,435
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 6,050
DEPRECIATION
At 1 July 2023 5,833
Charge for year 217
At 30 June 2024 6,050
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,596 1,439
Other debtors 864 9,625
3,460 11,064

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 5,624 3,603
Other creditors 5,745 11,898
11,369 15,501

Wildfire Technology Limited (Registered number: SC250332)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
N G E Donald
Balance outstanding at start of year (983 ) (79 )
Amounts advanced 509 (904 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (474 ) (983 )

C Redpath
Balance outstanding at start of year (3,964 ) (3,060 )
Amounts advanced 431 (904 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,533 ) (3,964 )