0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,661 1,543 493 2,036 625 1,118 xbrli:pure xbrli:shares iso4217:GBP SC333986 2023-12-01 2024-11-30 SC333986 2024-11-30 SC333986 2023-11-30 SC333986 2022-12-01 2023-11-30 SC333986 2023-11-30 SC333986 2022-11-30 SC333986 bus:RegisteredOffice 2023-12-01 2024-11-30 SC333986 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 SC333986 bus:Director1 2023-12-01 2024-11-30 SC333986 bus:CompanySecretary1 2023-12-01 2024-11-30 SC333986 core:WithinOneYear 2024-11-30 SC333986 core:WithinOneYear 2023-11-30 SC333986 core:ShareCapital 2024-11-30 SC333986 core:ShareCapital 2023-11-30 SC333986 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC333986 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC333986 bus:SmallEntities 2023-12-01 2024-11-30 SC333986 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC333986 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC333986 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC333986 bus:FullAccounts 2023-12-01 2024-11-30 SC333986 core:OfficeEquipment 2023-12-01 2024-11-30 SC333986 core:OfficeEquipment 2024-11-30 SC333986 core:OfficeEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: SC333986
Code Complete (Scotland) Limited
Filleted Unaudited Financial Statements
30 November 2024
Code Complete (Scotland) Limited
Financial Statements
Year ended 30 November 2024
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 6
Code Complete (Scotland) Limited
Officers and Professional Advisers
Director
A Murray
Company secretary
C H Blair-Murray
Registered office
5 Kilcruik Road
Kinghorn
Fife
KY3 9XH
Accountants
Gibson McKerrell Burrows Limited
Chartered Accountants
28 Rutland Square
Edinburgh
EH1 2BW
Code Complete (Scotland) Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
4
625
1,118
Current assets
Debtors
5
960
Cash at bank and in hand
977
6,405
----
-------
977
7,365
Creditors: amounts falling due within one year
6
1,537
4,467
-------
-------
Net current (liabilities)/assets
( 560)
2,898
----
-------
Total assets less current liabilities
65
4,016
----
-------
Net assets
65
4,016
----
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 35)
3,916
----
-------
Shareholders funds
65
4,016
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Code Complete (Scotland) Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:
A Murray
Director
Company registration number: SC333986
Code Complete (Scotland) Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 5 Kilcruik Road, Kinghorn, Fife, KY3 9XH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2023 and 30 November 2024
2,661
2,661
-------
-------
Depreciation
At 1 December 2023
1,543
1,543
Charge for the year
493
493
-------
-------
At 30 November 2024
2,036
2,036
-------
-------
Carrying amount
At 30 November 2024
625
625
-------
-------
At 30 November 2023
1,118
1,118
-------
-------
5. Debtors
2024
2023
£
£
Trade debtors
960
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
750
750
Corporation tax
787
2,281
Social security and other taxes
636
Director loan accounts
800
-------
-------
1,537
4,467
-------
-------
The director's loan is interest free with no fixed terms for repayment.
7. Related party transactions
The company was under the control of Mr A Murray throughout the current and previous year. Mr Murray is the sole director and majority shareholder. At 30 November 2024, the company was due £nil to Mr Murray (30 November 2023 - £800). This loan is interest free with no fixed terms for repayment.