Company Registration No. SC537355 (Scotland)
Occutrace Limited
Unaudited accounts
for the year ended 30 June 2024
Occutrace Limited
Unaudited accounts
Contents
Occutrace Limited
Company Information
for the year ended 30 June 2024
Directors
David McKenzie
Neil Douglas Stewart
Company Number
SC537355 (Scotland)
Registered Office
33 ZESTII BUSINESS CENTRE
DALINTOBER STREET
GLASGOW
G5 8JZ
SCOTLAND
Occutrace Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
31,295
47,836
Creditors: amounts falling due within one year
(175,918)
(194,969)
Net current assets
138,507
89,893
Total assets less current liabilities
138,507
89,893
Creditors: amounts falling due after more than one year
(25,000)
(25,000)
Called up share capital
1,384
1,384
Share premium
14,792
14,792
Profit and loss account
97,331
48,717
Shareholders' funds
113,507
64,893
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by
David McKenzie
Director
Company Registration No. SC537355
Occutrace Limited
Notes to the Accounts
for the year ended 30 June 2024
Occutrace Limited is a private company, limited by shares, registered in Scotland, registration number SC537355. The registered office is 33 ZESTII BUSINESS CENTRE, DALINTOBER STREET, GLASGOW, G5 8JZ, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
50% straight line
Computer equipment
33% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Occutrace Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
552
3,399
3,951
At 30 June 2024
552
3,399
3,951
At 1 July 2023
552
3,399
3,951
At 30 June 2024
552
3,399
3,951
Amounts falling due within one year
Trade debtors
279,085
236,568
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,675
10,000
Trade creditors
16,511
20,881
Taxes and social security
12,175
41,677
Other creditors
(27,044)
21,138
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 19 (2023: 19).