1 July 2023 false No description of principal activity Taxfiler 2024.6 SC537355business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC5373552023-06-30 SC5373552023-07-012024-06-30 SC537355business:AuditExemptWithAccountantsReport2023-07-012024-06-30 SC537355business:FilletedAccounts2023-07-012024-06-30 SC5373552024-06-30 SC537355business:Director12023-07-012024-06-30 SC537355business:Director22023-07-012024-06-30 SC537355business:RegisteredOffice2023-07-012024-06-30 SC5373552023-06-30 SC537355core:WithinOneYear2024-06-30 SC537355core:WithinOneYear2023-06-30 SC537355core:AfterOneYear2024-06-30 SC537355core:AfterOneYear2023-06-30 SC537355core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 SC537355core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC537355core:SharePremiumcore:PreviouslyStatedAmount2024-06-30 SC537355core:SharePremiumcore:PreviouslyStatedAmount2023-06-30 SC537355core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC537355core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC537355core:PreviouslyStatedAmount2024-06-30 SC537355core:PreviouslyStatedAmount2023-06-30 SC537355business:SmallEntities2023-07-012024-06-30 SC537355countries:Scotland2023-07-012024-06-30 SC537355core:FurnitureFittings2023-07-012024-06-30 SC537355core:ComputerEquipment2023-07-012024-06-30 SC537355core:FurnitureFittings2023-06-30 SC537355core:ComputerEquipment2023-06-30 SC537355core:FurnitureFittings2024-06-30 SC537355core:ComputerEquipment2024-06-30 SC5373552022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC537355 (Scotland)
Occutrace Limited Unaudited accounts for the year ended 30 June 2024
Occutrace Limited Unaudited accounts Contents
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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
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Occutrace Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
283,130 
237,026 
Cash at bank and in hand
31,295 
47,836 
314,425 
284,862 
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)
Net assets
113,507 
64,893 
Capital and reserves
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
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Occutrace Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Pension costs
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.
Financial instruments
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 taxation
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.
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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 
Depreciation
At 1 July 2023
552 
3,399 
3,951 
At 30 June 2024
552 
3,399 
3,951 
Net book value
At 30 June 2024
- 
- 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
279,085 
236,568 
Other debtors
4,045 
458 
283,130 
237,026 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,675 
10,000 
VAT
87,394 
99,473 
Trade creditors
16,511 
20,881 
Taxes and social security
12,175 
41,677 
Other creditors
(27,044)
21,138 
Accruals
76,207 
1,800 
175,918 
194,969 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,000 
25,000 
8
Average number of employees
During the year the average number of employees was 19 (2023: 19).
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