Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC205224 Mr K Davis Mr S Murray Mr G Somers Mr L Veitch Mr L Veitch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC205224 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-03-31 SC205224 2024-03-31 SC205224 2025-03-31 SC205224 2024-04-01 2025-03-31 SC205224 frs-core:CurrentFinancialInstruments 2025-03-31 SC205224 frs-core:Non-currentFinancialInstruments 2025-03-31 SC205224 frs-core:MotorVehicles 2025-03-31 SC205224 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC205224 frs-core:MotorVehicles 2024-03-31 SC205224 frs-core:PlantMachinery 2025-03-31 SC205224 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC205224 frs-core:PlantMachinery 2024-03-31 SC205224 frs-core:WithinOneYear 2025-03-31 SC205224 frs-core:CapitalRedemptionReserve 2025-03-31 SC205224 frs-core:ShareCapital 2025-03-31 SC205224 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 SC205224 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC205224 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC205224 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC205224 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC205224 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC205224 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC205224 frs-core:DeferredTaxation 2024-04-01 2025-03-31 SC205224 frs-core:DeferredTaxation 2024-03-31 SC205224 frs-core:DeferredTaxation 2025-03-31 SC205224 frs-bus:Director1 2024-04-01 2025-03-31 SC205224 frs-bus:Director2 2024-04-01 2025-03-31 SC205224 frs-bus:Director3 2024-04-01 2025-03-31 SC205224 frs-bus:Director4 2024-04-01 2025-03-31 SC205224 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC205224 frs-countries:Scotland 2024-04-01 2025-03-31 SC205224 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-03-31 SC205224 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-03-31 SC205224 2023-03-31 SC205224 2024-03-31 SC205224 2023-04-01 2024-03-31 SC205224 frs-core:CurrentFinancialInstruments 2024-03-31 SC205224 frs-core:Non-currentFinancialInstruments 2024-03-31 SC205224 frs-core:BetweenOneFiveYears 2024-03-31 SC205224 frs-core:WithinOneYear 2024-03-31 SC205224 frs-core:CapitalRedemptionReserve 2023-03-31 SC205224 frs-core:CapitalRedemptionReserve 2024-03-31 SC205224 frs-core:ShareCapital 2023-03-31 SC205224 frs-core:ShareCapital 2024-03-31 SC205224 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 SC205224 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 SC205224 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC205224
Connect NDT Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Acumen Accountants & Advisors Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—8
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Connect NDT Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Connect NDT Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Connect NDT Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Connect NDT Limited and state those matters that we have agreed to state to the directors of Connect NDT Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Connect NDT Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Connect NDT Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Connect NDT Limited . You consider that Connect NDT Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Connect NDT Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
19 May 2025
Acumen Accountants & Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Balance Sheet
Registered number: SC205224
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,939 30,140
33,939 30,140
CURRENT ASSETS
Debtors 5 906,794 767,285
Cash at bank and in hand 269 11,677
907,063 778,962
Creditors: Amounts Falling Due Within One Year 6 (700,536 ) (586,576 )
NET CURRENT ASSETS (LIABILITIES) 206,527 192,386
TOTAL ASSETS LESS CURRENT LIABILITIES 240,466 222,526
Creditors: Amounts Falling Due After More Than One Year 7 - (11,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,485 ) (7,535 )
NET ASSETS 231,981 203,324
CAPITAL AND RESERVES
Called up share capital 11 240 240
Capital redemption reserve 18,290 18,290
Profit and Loss Account 213,451 184,794
SHAREHOLDERS' FUNDS 231,981 203,324
Page 2
Page 3
For the year ending 31 March 2025 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
Mr K Davis
Director
19 May 2025
The notes on pages 5 to 8 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Capital Redemption Profit and Loss Account Total
£ £ £ £
As at 1 April 2023 240 18,290 192,185 210,715
Profit for the year and total comprehensive income - - 136,609 136,609
Dividends paid - - (144,000) (144,000)
As at 31 March 2024 and 1 April 2024 240 18,290 184,794 203,324
Profit for the year and total comprehensive income - - 136,657 136,657
Dividends paid - - (108,000) (108,000)
As at 31 March 2025 240 18,290 213,451 231,981
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Connect NDT Limited is a private company, limited by shares, incorporated in Scotland, registered number SC205224 . The registered office is Regus Hq Howe Moss Drive, Dyce, Aberdeen, AB21 0GL.
The presentation currency of the financial statements is the Pound Sterling (£).
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. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
The 'assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period.  The effect of any change is accounted for prospectively. 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 20% on cost
Motor Vehicles 25% on reducing balance
The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period.  The effect of any change is accounted for prospectively.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price. 
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method. 
...CONTINUED
Page 5
Page 6
2.5. Financial Instruments - continued
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments 
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
2.6. 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.
2.7. Taxation
Income 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
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 27)
26 27
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 179,257 17,826 197,083
Additions 13,812 - 13,812
As at 31 March 2025 193,069 17,826 210,895
Depreciation
As at 1 April 2024 151,083 15,860 166,943
Provided during the period 9,521 492 10,013
As at 31 March 2025 160,604 16,352 176,956
...CONTINUED
Page 6
Page 7
Net Book Value
As at 31 March 2025 32,465 1,474 33,939
As at 1 April 2024 28,174 1,966 30,140
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 582,869 507,807
Prepayments and accrued income 181,381 87,443
Other debtors 1,906 9,075
Amounts owed by associates - Connect Congo 140,638 162,960
906,794 767,285
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 55,975 22,790
Bank loans and overdrafts 381,875 389,118
Corporation tax 78,397 72,558
Other taxes and social security 50,079 16,834
VAT 123,432 64,996
Other creditors 10,778 15,702
Accruals and deferred income - 4,578
700,536 586,576
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 11,667
8. Secured Creditors
The company has granted a floating charge in favour of Clydesdale Bank PLC over all current and future property, assets and undertakings of the company.
The invoice factoring advance is secured against £337,062 (2024: £119,849) of the company's trade debtors under an Invoice Factor Agreement with Clydesdale Bank Plc.
2025 2024
£ £
Other Creditors 241,173 347,523
Page 7
Page 8
9. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 8,275 10,000
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans - 11,667
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 7,535 7,535
Deferred taxation charge 950 950
Balance at 31 March 2025 8,485 8,485
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 240 240
Number:
Class:
Nominal Value:
2025
2024
£
£
1,200
Ordinary
£0.10
120
120
1,200
D Ordinary
£0.10
120
image
120
image
240
image
240
image
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 1,410 16,920
Later than one year and not later than five years - 1,410
1,410 18,330
13. Related Party Disclosures
Connect NDT Congo SARL is a company registered in the Republic of Congo and under common control of the directors.
As at 31 March 2025 a balance of £(140,638) (2024: £(162,960) ) was due from Connect NDT Congo SARL to the company. The balance bears no interest and has no set repayment terms in place.
Page 8