Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC702904 J Finne E Haughland BSA Offshore AS true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC702904 2023-12-31 SC702904 2024-12-31 SC702904 2024-01-01 2024-12-31 SC702904 frs-core:CurrentFinancialInstruments 2024-12-31 SC702904 frs-core:ComputerEquipment 2024-12-31 SC702904 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC702904 frs-core:ComputerEquipment 2023-12-31 SC702904 frs-core:WithinOneYear 2024-12-31 SC702904 frs-core:SharePremium 2024-12-31 SC702904 frs-core:ShareCapital 2024-12-31 SC702904 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC702904 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC702904 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC702904 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC702904 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC702904 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC702904 1 2024-01-01 2024-12-31 SC702904 frs-bus:Director1 2024-01-01 2024-12-31 SC702904 frs-bus:Director2 2024-01-01 2024-12-31 SC702904 frs-countries:Scotland 2024-01-01 2024-12-31 SC702904 2022-12-31 SC702904 2023-12-31 SC702904 2023-01-01 2023-12-31 SC702904 frs-core:CurrentFinancialInstruments 2023-12-31 SC702904 frs-core:WithinOneYear 2023-12-31 SC702904 frs-core:SharePremium 2023-12-31 SC702904 frs-core:ShareCapital 2023-12-31 SC702904 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC702904
BSA Energy Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC702904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,176 3,003
1,176 3,003
CURRENT ASSETS
Debtors 5 267,257 610,918
Cash at bank and in hand 46,759 16,676
314,016 627,594
Creditors: Amounts Falling Due Within One Year 6 (187,746 ) (414,367 )
NET CURRENT ASSETS (LIABILITIES) 126,270 213,227
TOTAL ASSETS LESS CURRENT LIABILITIES 127,446 216,230
PROVISIONS FOR LIABILITIES
Deferred Taxation - (660 )
NET ASSETS 127,446 215,570
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium account 19,900 19,900
Profit and Loss Account 107,446 195,570
SHAREHOLDERS' FUNDS 127,446 215,570
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For the year ending 31 December 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.
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
E Haughland
Director
04/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
BSA Energy Limited is a private company, limited by shares, incorporated in Scotland, registered number SC702904 . The registered office is Westpoint, Prospect Road, Arnhall Business Park, Aberdeen, Aberdeenshire, AB32 6FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The comparatives were the first trading period of the company. Accordingly they cover the period from the date of incorporation to the balance sheet date.
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 rendering of services.
2.3. Tangible Fixed Assets and Depreciation
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:
Computer Equipment 33% reducing balance basis
2.4. Leasing and Hire Purchase Contracts
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
The company has elected to apply the provisions of Section 11 'Basic Financial lnstruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there as an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the conlraclual rights to the cash flows from the asset expire or are settled.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
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.
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2.7. Taxation
The 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 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 5,482
As at 31 December 2024 5,482
Depreciation
As at 1 January 2024 2,479
Provided during the period 1,827
As at 31 December 2024 4,306
Net Book Value
As at 31 December 2024 1,176
As at 1 January 2024 3,003
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 181,604 435,561
Other debtors 85,653 175,357
267,257 610,918
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 70,059 218,788
Amounts owed to group undertakings 109,534 127,440
Other creditors 233 46,818
Taxation and social security 7,920 21,321
187,746 414,367
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,200 7,200
7,200 7,200
9. Ultimate Controlling Party
The company's ultimate controlling party is BSA Offshore AS by virtue of its ownership of 60% of the issued share capital in the company. The parent's registered office is Sjokrigsskoleveien 14, 5164 Laksevag, Norway.
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