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Registration number: 07660950

Scicate Limited

Annual Report and Unaudited Filleted Financial Statements

for the Period from 1 July 2024 to 28 February 2025

 

Scicate Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Scicate Limited

Company Information

Director

P J Edwards

Registered office

14 Walnut Grove
Shepton Mallet
Somerset
England
BA4 4HX

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisors
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

 

Scicate Limited

(Registration number: 07660950)
Balance Sheet
28 February 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

68,487

187,820

Cash at bank and in hand

 

299,749

241,412

 

368,236

429,232

Creditors: Amounts falling due within one year

5

(5,010)

(54,540)

Net assets

 

363,226

374,692

Capital and reserves

 

Called up share capital

2

2

Retained earnings

363,224

374,690

Shareholders' funds

 

363,226

374,692

 

Scicate Limited

(Registration number: 07660950)
Balance Sheet
28 February 2025

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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 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 6 March 2025
 

.........................................
P J Edwards
Director

 

Scicate Limited

Notes to the Unaudited Financial Statements
Period from 1 July 2024 to 28 February 2025

1

General information

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

The address of its registered office is:
14 Walnut Grove
Shepton Mallet
Somerset
England
BA4 4HX

These financial statements were authorised for issue by the director on 6 March 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.

Going concern

The company ceased trading in February 2025 and therefore the accounts have not been prepared on a going concern basis.

 

Scicate Limited

Notes to the Unaudited Financial Statements
Period from 1 July 2024 to 28 February 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

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.

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 corporation 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.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2024 - 0).

 

Scicate Limited

Notes to the Unaudited Financial Statements
Period from 1 July 2024 to 28 February 2025

4

Debtors

2025
£

2024
£

Trade debtors

10,613

166,074

Amounts owed by related parties

57,874

21,066

Other debtors

-

24

Prepayments

-

656

68,487

187,820

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

779

50,739

Accruals and deferred income

1,440

1,218

Other creditors

2,791

2,583

5,010

54,540