Scott I.T. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03821598

Scott I.T. Limited

Filleted Unaudited Abridged Financial Statements

30 June 2025

Scott I.T. Limited

Abridged Financial Statements

Year ended 30 June 2025

Contents	Pages

Report to the director on the preparation of the unaudited statutory abridged financial statements	1

Abridged statement of financial position	2 to 3

Notes to the abridged financial statements	4 to 6

Scott I.T. Limited

Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of Scott I.T. Limited

Year ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Scott I.T. Limited for the year ended 30 June 2025, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants

2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU

2 December 2025

Scott I.T. Limited

Abridged Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	527	624

Current assets

Debtors	5,070	5,978
Cash at bank and in hand	10,499	21,413
	--------	--------
	15,569	27,391

Creditors: amounts falling due within one year	14,394	18,605
	--------	--------
Net current assets	1,175	8,786
	-------	-------
Total assets less current liabilities	1,702	9,410

Creditors: amounts falling due after more than one year	–	4,000
	-------	-------
Net assets	1,702	5,410
	-------	-------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	702	4,410
	-------	-------
Shareholders funds	1,702	5,410
	-------	-------

These abridged 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 June 2025 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of financial position for the year ending 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Scott I.T. Limited

Abridged Statement of Financial Position (continued)

30 June 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 2 December 2025 , and are signed on behalf of the board by:

Mr M. A. Scott

Company registration number: 03821598

Scott I.T. Limited

Notes to the Abridged Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Garden Flat, 32 Apsley Road, Clifton, Bristol, BS8 2SS.

2. Statement of compliance

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

Revenue recognition

Turnover represents telephone and subscription income invoiced and attributable to the accounting period net of VAT

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:

	Plant and machinery	-	33% 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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	£
Cost
At 1 July 2024	931
Additions	723
Disposals	( 832)
	----
At 30 June 2025	822
	----
Depreciation
At 1 July 2024	307
Charge for the year	263
Disposals	( 275)
	----
At 30 June 2025	295
	----
Carrying amount
At 30 June 2025	527
	----
At 30 June 2024	624
	----

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr M. A. Scott	( 8,105)	–	4,220	( 3,885)
	-------	----	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr M. A. Scott	( 55)	( 8,050)	–	( 8,105)
	----	-------	----	-------