Schoolgrid Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Schoolgrid Ltd for the period 1 September 2023 to 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Schoolgrid Ltd for the period 1 September 2023 to 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the directors of Schoolgrid Ltd , as a body, in accordance with the terms of our engagement letter dated 07 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of Schoolgrid Ltd and state those matters that we have agreed to state to the directors of Schoolgrid Ltd , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Schoolgrid Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that Schoolgrid Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Schoolgrid Ltd . You consider that Schoolgrid Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Schoolgrid Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Signed

30 September 2025

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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Schoolgrid Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: SC333369

		31 December 2024		31 August 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		337,397		-
Tangible Assets	5		188,631		198,823

			526,028		198,823
CURRENT ASSETS
Stocks	6	84,018		12,600
Debtors	7	227,769		564,439
Cash at bank and in hand		1,064,787		578,853

		1,376,574		1,155,892
Creditors: Amounts Falling Due Within One Year	8	(1,363,710 )		(698,653 )

NET CURRENT ASSETS (LIABILITIES)			12,864		457,239

TOTAL ASSETS LESS CURRENT LIABILITIES			538,892		656,062

Creditors: Amounts Falling Due After More Than One Year	9		-		(3,399 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,089 )		(15,236 )

NET ASSETS			528,803		637,427

CAPITAL AND RESERVES
Called up share capital	11		3		3
Profit and Loss Account			528,800		637,424

SHAREHOLDERS' FUNDS			528,803		637,427

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Schoolgrid Ltd

Balance Sheet (continued)

As At 31 December 2024

For the period 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

Mr D Curtis

Director

30 September 2025

The notes on pages 4 to 8 form part of these financial statements.

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Schoolgrid Ltd

Notes to the Financial Statements

For the Period 1 September 2023 to 31 December 2024

Notes to the Financial Statements

1. General Information

Schoolgrid Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC333369 . The registered office is Rowan House, Quarrywood Court, Livingston, West Lothian, EH54 6AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic life of 5 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. 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:

Freehold	2% Straight line
Plant & Machinery	20% Straight line
Motor Vehicles	20% Reducing balance
Fixtures & Fittings	10% Straight line
Computer Equipment	33% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Schoolgrid Ltd

Notes to the Financial Statements (continued)

For the Period 1 September 2023 to 31 December 2024

2.7. Financial Instruments

Basic financial instruments are initially recognised at transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method, where applicable. These can include trade and other debtors, cash and bank balances, trade and other creditors, and intercompany balances. Financial assets are assessed at the end of each reporting period for evidence of impairment and adjusted if necessary. The company does not hold or issue any complex financial instruments such as derivatives.

2.8. 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.

2.9. Taxation

Income 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined contribution pension 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 period was: 14 (2023: 16)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 September 2023	-
Additions	460,087

As at 31 December 2024	460,087

Amortisation
As at 1 September 2023	-
Provided during the period	122,690

As at 31 December 2024	122,690

Net Book Value
As at 31 December 2024	337,397

As at 1 September 2023	-

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Schoolgrid Ltd

Notes to the Financial Statements (continued)

For the Period 1 September 2023 to 31 December 2024

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 September 2023	147,334	634	74,490	8,424
Additions	-	2,148	-	-

As at 31 December 2024	147,334	2,782	74,490	8,424

Depreciation
As at 1 September 2023	11,188	253	26,816	5,584
Provided during the period	2,210	742	12,713	1,124

As at 31 December 2024	13,398	995	39,529	6,708

Net Book Value
As at 31 December 2024	133,936	1,787	34,961	1,716

As at 1 September 2023	136,146	381	47,674	2,840


	Computer Equipment	Total
	£	£
Cost
As at 1 September 2023	54,934	285,816
Additions	25,223	27,371

As at 31 December 2024	80,157	313,187

Depreciation
As at 1 September 2023	43,152	86,993
Provided during the period	20,774	37,563

As at 31 December 2024	63,926	124,556

Net Book Value
As at 31 December 2024	16,231	188,631

As at 1 September 2023	11,782	198,823

6. Stocks

	31 December 2024	31 August 2023
	£	£
Stock	84,018	12,600

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Schoolgrid Ltd

Notes to the Financial Statements (continued)

For the Period 1 September 2023 to 31 December 2024

7. Debtors

	31 December 2024	31 August 2023
	£	£
Due within one year
Trade debtors	155,536	543,853
Other debtors	72,233	20,586

	227,769	564,439

8. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 August 2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	10,197
Trade creditors	76,495	30,209
Other creditors	1,065,011	459,964
Taxation and social security	222,204	198,283

	1,363,710	698,653

9. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 August 2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	3,399

10. Obligations Under Finance Leases and Hire Purchase

	31 December 2024	31 August 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	10,197
Later than one year and not later than five years	-	3,399

	-	13,596

	-	13,596

11. Share Capital

	31 December 2024	31 August 2023
	£	£
Allotted, Called up and fully paid	3	3

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Schoolgrid Ltd

Notes to the Financial Statements (continued)

For the Period 1 September 2023 to 31 December 2024

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2024	31 August 2023
	£	£
Not later than one year	14,850	13,800

	14,850	13,800

13. Related Party Disclosures

The company operates a loan account with the director, Mr D Curtis.

During the year, the director advanced loans totalling £93 to the company. At the year end, the balance due to the director was £95 (2023: £2). This loan is unsecured, interest free and has no fixed repayment terms.

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