4 4 Informit Systems (Scotland) Ltd SC374809 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is computer consultancy and hardware and software supplies. Digita Accounts Production Advanced 6.30.9574.0 true SC374809 2023-10-01 2024-09-30 SC374809 2024-09-30 SC374809 core:CapitalRedemptionReserve 2024-09-30 SC374809 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC374809 core:ShareCapital 2024-09-30 SC374809 core:CurrentFinancialInstruments 2024-09-30 SC374809 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 SC374809 core:FurnitureFittings 2024-09-30 SC374809 core:OfficeEquipment 2024-09-30 SC374809 bus:SmallEntities 2023-10-01 2024-09-30 SC374809 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC374809 bus:FilletedAccounts 2023-10-01 2024-09-30 SC374809 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC374809 bus:RegisteredOffice 2023-10-01 2024-09-30 SC374809 bus:Director2 2023-10-01 2024-09-30 SC374809 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC374809 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 SC374809 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 SC374809 bus:OrdinaryShareClass4 2023-10-01 2024-09-30 SC374809 bus:OrdinaryShareClass5 2023-10-01 2024-09-30 SC374809 bus:OtherShareClass1 2023-10-01 2024-09-30 SC374809 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC374809 core:ComputerEquipment 2023-10-01 2024-09-30 SC374809 core:FurnitureFittings 2023-10-01 2024-09-30 SC374809 core:OfficeEquipment 2023-10-01 2024-09-30 SC374809 countries:Scotland 2023-10-01 2024-09-30 SC374809 2023-09-30 SC374809 core:FurnitureFittings 2023-09-30 SC374809 core:OfficeEquipment 2023-09-30 SC374809 2022-10-01 2023-09-30 SC374809 2023-09-30 SC374809 core:CapitalRedemptionReserve 2023-09-30 SC374809 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC374809 core:ShareCapital 2023-09-30 SC374809 core:CurrentFinancialInstruments 2023-09-30 SC374809 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC374809 core:FurnitureFittings 2023-09-30 SC374809 core:OfficeEquipment 2023-09-30 SC374809 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC374809 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 SC374809 bus:OrdinaryShareClass3 2022-10-01 2023-09-30 SC374809 bus:OrdinaryShareClass4 2022-10-01 2023-09-30 SC374809 bus:OrdinaryShareClass5 2022-10-01 2023-09-30 SC374809 bus:OtherShareClass1 2022-10-01 2023-09-30 xbrli:pure iso4217:GBP

Registration number: SC374809

Informit Systems (Scotland) Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Informit Systems (Scotland) Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Informit Systems (Scotland) Ltd

(Registration number: SC374809)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,020

1,069

Current assets

 

Debtors

5

52,935

65,976

Cash at bank and in hand

 

134,687

113,964

 

187,622

179,940

Creditors: Amounts falling due within one year

6

(50,589)

(56,794)

Net current assets

 

137,033

123,146

Net assets

 

138,053

124,215

Capital and reserves

 

Called up share capital

24,001

24,001

Capital redemption reserve

26,000

26,000

Retained earnings

88,052

74,214

Shareholders' funds

 

138,053

124,215

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 5 June 2025
 

.........................................
Mr Adam Wright
Director

 

Informit Systems (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
47 Byron Street
DUNDEE
DD3 6QT

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

 

Informit Systems (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% Reducing Balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 4 (2023 - 4).

 

Informit Systems (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Tenants Improvements
£

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

875

4,998

5,873

At 30 September 2024

875

4,998

5,873

Depreciation

At 1 October 2023

-

4,804

4,804

Charge for the year

-

49

49

At 30 September 2024

-

4,853

4,853

Carrying amount

At 30 September 2024

875

145

1,020

At 30 September 2023

875

194

1,069

5

Debtors

Current

2024
£

2023
£

Trade debtors

51,685

64,726

Prepayments

1,250

1,250

 

52,935

65,976

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

1,932

2,981

Trade creditors

 

8,233

7,796

Taxation and social security

 

24,361

26,703

Accruals and deferred income

 

9,597

9,097

Other creditors

 

6,466

10,217

 

50,589

56,794

 

Informit Systems (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

1,932

2,981

8

Dividends

Final dividends paid

   

2024
£

 

2023
£

Final dividend of £Nil per each Ordinary A

 

-

 

-

Final dividend of £Nil per each Ordinary B

 

-

 

-

Final dividend of £1.12 (2023 - £1.00) per each Ordinary C

 

9,000

 

8,000

Final dividend of £1.12 (2023 - £1.00) per each Ordinary D

 

9,000

 

8,000

Final dividend of £1.12 (2023 - £1.00) per each Ordinary E

 

9,000

 

8,000

Final dividend of £1,000.00 (2023 - £2,000.00) per each Ordinary F

 

1,000

 

2,000

   

28,000

 

26,000