IRIS Accounts Production v24.3.2.46 SC381256 Board of Directors 1.8.23 31.10.24 31.10.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3812562023-07-31SC3812562024-10-31SC3812562023-08-012024-10-31SC3812562022-07-31SC3812562022-08-012023-07-31SC3812562023-07-31SC381256ns15:Scotland2023-08-012024-10-31SC381256ns14:PoundSterling2023-08-012024-10-31SC381256ns10:Director12023-08-012024-10-31SC381256ns10:PrivateLimitedCompanyLtd2023-08-012024-10-31SC381256ns10:SmallEntities2023-08-012024-10-31SC381256ns10:AuditExempt-NoAccountantsReport2023-08-012024-10-31SC381256ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-10-31SC381256ns10:SmallCompaniesRegimeForAccounts2023-08-012024-10-31SC381256ns10:FullAccounts2023-08-012024-10-31SC38125612023-08-012024-10-31SC381256ns10:Director22023-08-012024-10-31SC381256ns10:RegisteredOffice2023-08-012024-10-31SC381256ns5:CurrentFinancialInstruments2024-10-31SC381256ns5:CurrentFinancialInstruments2023-07-31SC381256ns5:Non-currentFinancialInstruments2024-10-31SC381256ns5:Non-currentFinancialInstruments2023-07-31SC381256ns5:ShareCapital2024-10-31SC381256ns5:ShareCapital2023-07-31SC381256ns5:RetainedEarningsAccumulatedLosses2024-10-31SC381256ns5:RetainedEarningsAccumulatedLosses2023-07-31SC381256ns5:NetGoodwill2023-08-012024-10-31SC381256ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-10-31SC381256ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-012024-10-31SC381256ns5:NetGoodwill2024-10-31SC381256ns5:IntangibleAssetsOtherThanGoodwill2024-10-31SC381256ns5:PlantMachinery2023-07-31SC381256ns5:PlantMachinery2023-08-012024-10-31SC381256ns5:PlantMachinery2024-10-31SC381256ns5:PlantMachinery2023-07-31SC381256ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC381256ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: SC381256 (Scotland)












TESTWORKS (SCOTLAND) LTD.

Unaudited Financial Statements

for the Period 1 August 2023 to 31 October 2024






TESTWORKS (SCOTLAND) LTD. (REGISTERED NUMBER: SC381256)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TESTWORKS (SCOTLAND) LTD.

Company Information
for the Period 1 August 2023 to 31 October 2024







Directors: A M Chick
T R Lloyd-Baker





Registered office: Unit N
Pitreavie Business Park
Dunfermline
Fife
KY11 8UT





Registered number: SC381256 (Scotland)





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

TESTWORKS (SCOTLAND) LTD. (REGISTERED NUMBER: SC381256)

Balance Sheet
31 October 2024

31/10/24 31/7/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 6,003 -
Tangible assets 5 32,000 2,964
38,003 2,964

Current assets
Stocks 94,414 -
Debtors 6 156,671 6,598
Cash at bank 28,253 4
279,338 6,602
Creditors
Amounts falling due within one year 7 142,403 -
Net current assets 136,935 6,602
Total assets less current liabilities 174,938 9,566

Creditors
Amounts falling due after more than one year 8 140,086 830
Net assets 34,852 8,736

Capital and reserves
Called up share capital 2 2
Retained earnings 34,850 8,734
34,852 8,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

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 21 January 2025 and were signed on its behalf by:





A M Chick - Director


TESTWORKS (SCOTLAND) LTD. (REGISTERED NUMBER: SC381256)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 October 2024

1. Statutory information

Testworks (Scotland) Ltd. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

Goodwill - 10% Straightline
Plant & Machinery - 20% Straightline

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Going concern
The directors will continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

TESTWORKS (SCOTLAND) LTD. (REGISTERED NUMBER: SC381256)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 October 2024

3. Employees and directors

The average number of employees during the period was 8 (2023 - NIL ) .

4. Intangible fixed assets
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
Additions 3,333 3,333 6,666
At 31 October 2024 3,333 3,333 6,666
Amortisation
Charge for period 333 330 663
At 31 October 2024 333 330 663
Net book value
At 31 October 2024 3,000 3,003 6,003

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 August 2023 15,283
Additions 40,000
At 31 October 2024 55,283
Depreciation
At 1 August 2023 12,319
Charge for period 10,964
At 31 October 2024 23,283
Net book value
At 31 October 2024 32,000
At 31 July 2023 2,964

6. Debtors: amounts falling due within one year
31/10/24 31/7/23
£    £   
Trade debtors 152,308 -
Other debtors 4,363 6,598
156,671 6,598

7. Creditors: amounts falling due within one year
31/10/24 31/7/23
£    £   
Trade creditors 44,146 -
Taxation and social security 19,337 -
Other creditors 78,920 -
142,403 -

TESTWORKS (SCOTLAND) LTD. (REGISTERED NUMBER: SC381256)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 October 2024

8. Creditors: amounts falling due after more than one year
31/10/24 31/7/23
£    £   
Amounts owed to associates 80,086 830
Other creditors 60,000 -
140,086 830

9. Ultimate controlling party

The ultimate controlling party is Railsense Solutions Ltd.