Acorah Software Products - Accounts Production 16.1.300 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC667686 S Craig S Moore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC667686 2023-07-31 SC667686 2024-07-31 SC667686 2023-08-01 2024-07-31 SC667686 frs-core:CurrentFinancialInstruments 2024-07-31 SC667686 frs-core:PlantMachinery 2024-07-31 SC667686 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC667686 frs-core:PlantMachinery 2023-07-31 SC667686 frs-core:ShareCapital 2024-07-31 SC667686 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC667686 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC667686 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC667686 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC667686 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC667686 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC667686 frs-bus:Director1 2023-08-01 2024-07-31 SC667686 frs-bus:Director2 2023-08-01 2024-07-31 SC667686 frs-countries:Scotland 2023-08-01 2024-07-31 SC667686 2022-07-31 SC667686 2023-07-31 SC667686 2022-08-01 2023-07-31 SC667686 frs-core:CurrentFinancialInstruments 2023-07-31 SC667686 frs-core:ShareCapital 2023-07-31 SC667686 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC667686
Scapa Technical Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC667686
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,525 61,298
54,525 61,298
CURRENT ASSETS
Stocks 5 16,613 16,613
Debtors 6 8,937 6,999
Cash at bank and in hand 116 1,760
25,666 25,372
Creditors: Amounts Falling Due Within One Year 7 (113,698 ) (112,863 )
NET CURRENT ASSETS (LIABILITIES) (88,032 ) (87,491 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,507 ) (26,193 )
NET LIABILITIES (33,507 ) (26,193 )
CAPITAL AND RESERVES
Called up share capital 8 125 125
Profit and Loss Account (33,632 ) (26,318 )
SHAREHOLDERS' FUNDS (33,507) (26,193)
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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
S Craig
Director
03/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Scapa Technical Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC667686 . The registered office is Scorradale House, Orphir, Orkney, KW17 2RF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company reports net liabilities at the balance sheet date. The company is funded by loans from the directors which are not subject to any formal repayment arrangements. However, in practice the directors will only seek repayment of the loan when funds permit. The directors expect the company to trade profitably in the future, and to be able to meet its liabilities from cashflow arising from normal operating activities. Accordingly, the directors consider it appropriate to prepare these accounts on the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised when the service is performed.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10%-33% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial lnstruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there as an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the conlraclual rights to the cash flows from the asset expire or are settled.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
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2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 71,407
Additions 650
As at 31 July 2024 72,057
Depreciation
As at 1 August 2023 10,109
Provided during the period 7,423
As at 31 July 2024 17,532
Net Book Value
As at 31 July 2024 54,525
As at 1 August 2023 61,298
5. Stocks
2024 2023
£ £
Materials 16,613 16,613
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 540 463
Other debtors 8,397 6,536
8,937 6,999
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,388 15,105
Other creditors 100,310 95,891
Taxation and social security - 1,867
113,698 112,863
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 125 125
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