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REGISTERED NUMBER: SC638043 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Radix Base Systems Ltd

Radix Base Systems Ltd (Registered number: SC638043)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Radix Base Systems Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: C Milne





REGISTERED OFFICE: Unit 1 Edison Place
Dryburgh Industrial Estate
Dundee
DD2 3QU





REGISTERED NUMBER: SC638043 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Radix Base Systems Ltd (Registered number: SC638043)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 348,102 367,742
Investments 5 15 120,600
348,117 488,342

CURRENT ASSETS
Stocks 1,183,564 468,693
Debtors 6 290,106 129,539
Cash at bank 449,240 124,382
1,922,910 722,614
CREDITORS
Amounts falling due within one year 7 1,284,265 386,156
NET CURRENT ASSETS 638,645 336,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,762

824,800

CREDITORS
Amounts falling due after more than one
year

8

(86,996

)

(170,982

)

PROVISIONS FOR LIABILITIES (76,712 ) -
NET ASSETS 823,054 653,818

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 822,954 653,718
SHAREHOLDERS' FUNDS 823,054 653,818

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

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

The director acknowledges his 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.

Radix Base Systems Ltd (Registered number: SC638043)

Balance Sheet - continued
31 December 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 director and authorised for issue on 4 June 2025 and were signed by:





C Milne - Director


Radix Base Systems Ltd (Registered number: SC638043)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Radix Base Systems Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

Radix Base Systems Ltd (Registered number: SC638043)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 485,806
Additions 210,830
Disposals (220,805 )
At 31 December 2024 475,831
DEPRECIATION
At 1 January 2024 118,064
Charge for year 80,692
Eliminated on disposal (71,027 )
At 31 December 2024 127,729
NET BOOK VALUE
At 31 December 2024 348,102
At 31 December 2023 367,742

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 120,600
Additions 15
Impairments (120,600 )
At 31 December 2024 15
NET BOOK VALUE
At 31 December 2024 15
At 31 December 2023 120,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 222,747 112,227
Other debtors 67,359 17,312
290,106 129,539

Radix Base Systems Ltd (Registered number: SC638043)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 43,904 22,096
Hire purchase contracts (see note 9) 16,667 45,732
Trade creditors 104,627 53,700
Amounts owed to associates 38,985 42,985
Taxation and social security 418,629 97,813
Other creditors 661,453 123,830
1,284,265 386,156

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 68,940 81,931
Hire purchase contracts (see note 9) 18,056 89,051
86,996 170,982

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 16,667 45,732
Between one and five years 18,056 89,051
34,723 134,783

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 40,500 40,500
Between one and five years 10,125 50,625
50,625 91,125

Radix Base Systems Ltd (Registered number: SC638043)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.24 31.12.23
£    £   
C Milne
Balance outstanding at start of year 120,168 151,676
Amounts repaid (120,168 ) (31,508 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 120,168

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr C Milne throughout the current year. Mr C Milne is the managing director and majority shareholder.

At the balance sheet date the company company owed £38,984 (2023 - £42,985) to No More Digging Limited under the common control of the director Mr C Milne.