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REGISTERED NUMBER: SC605848 (Scotland)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Project Python (Uk) Ltd

Project Python (Uk) Ltd (Registered number: SC605848)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Project Python (Uk) Ltd

Company Information
for the year ended 31 August 2024







DIRECTORS: E S Robertson
R A Willings





REGISTERED OFFICE: 226 Queens Road (F4)
Aberdeen
Grampian
AB15 8DN





REGISTERED NUMBER: SC605848 (Scotland)





ACCOUNTANTS: Grampian Accounting
3 Prospect Place
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6SY

Project Python (Uk) Ltd (Registered number: SC605848)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 3 131,905 132,010
Tangible assets 4 20,221 16,743
152,126 148,753

CURRENT ASSETS
Stocks 17,600 -
Debtors 5 231,432 206,600
Cash at bank 103,981 107,645
353,013 314,245
CREDITORS
Amounts falling due within one year 6 169,436 153,321
NET CURRENT ASSETS 183,577 160,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,703

309,677

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 149,973 149,973
Retained earnings 185,628 159,602
335,703 309,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Project Python (Uk) Ltd (Registered number: SC605848)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





E S Robertson - Director


Project Python (Uk) Ltd (Registered number: SC605848)

Notes to the Financial Statements
for the year ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Project Python (Uk) Ltd (Registered number: SC605848)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 132,097
AMORTISATION
At 1 September 2023 87
Charge for year 105
At 31 August 2024 192
NET BOOK VALUE
At 31 August 2024 131,905
At 31 August 2023 132,010

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 20,633
Additions 8,084
At 31 August 2024 28,717
DEPRECIATION
At 1 September 2023 3,890
Charge for year 4,606
At 31 August 2024 8,496
NET BOOK VALUE
At 31 August 2024 20,221
At 31 August 2023 16,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 12,960 30,622
Other debtors 218,472 175,978
231,432 206,600

Project Python (Uk) Ltd (Registered number: SC605848)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 72,172 76,650
Other creditors 97,264 76,671
169,436 153,321

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
E S Robertson
Balance outstanding at start of year 132,115 132,583
Amounts advanced 39,517 -
Amounts repaid - (468 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 171,632 132,115

Interest is being charged on the directors loan at 2.5%.