Acorah Software Products - Accounts Production 19.1.200 false true true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 SC631038 P Murray P Murray true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC631038 2024-05-31 SC631038 2025-05-31 SC631038 2024-06-01 2025-05-31 SC631038 frs-core:CurrentFinancialInstruments 2025-05-31 SC631038 frs-core:ComputerEquipment 2025-05-31 SC631038 frs-core:ComputerEquipment 2024-06-01 2025-05-31 SC631038 frs-core:ComputerEquipment 2024-05-31 SC631038 frs-core:ShareCapital 2025-05-31 SC631038 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 SC631038 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC631038 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 SC631038 frs-bus:SmallEntities 2024-06-01 2025-05-31 SC631038 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC631038 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC631038 1 2024-06-01 2025-05-31 SC631038 frs-bus:Director1 2024-06-01 2025-05-31 SC631038 frs-bus:Director1 2024-05-31 SC631038 frs-bus:Director1 2025-05-31 SC631038 frs-countries:Scotland 2024-06-01 2025-05-31 SC631038 2023-05-31 SC631038 2024-05-31 SC631038 2023-06-01 2024-05-31 SC631038 frs-core:CurrentFinancialInstruments 2024-05-31 SC631038 frs-core:ShareCapital 2024-05-31 SC631038 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: SC631038
Epic Subsea Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Infinity Advisors Ltd t/a Infinity Partnership
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC631038
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 608 816
608 816
CURRENT ASSETS
Debtors 5 45,123 33,694
Cash at bank and in hand 3,504 5,516
48,627 39,210
Creditors: Amounts Falling Due Within One Year 6 (49,224 ) (42,065 )
NET CURRENT ASSETS (LIABILITIES) (597 ) (2,855 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11 (2,039 )
NET ASSETS/(LIABILITIES) 11 (2,039 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 10 (2,040 )
SHAREHOLDERS' FUNDS 11 (2,039)
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
P Murray
Director
14th April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Epic Subsea Limited is a private company, limited by shares, incorporated in Scotland, registered number SC631038 . The registered office is 5 Carden Place, Aberdeen, AB10 1UT.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Going Concern Disclosure
Although the going concern basis has been adopted in these accounts, its continued appropriateness is dependent upon future trading performance and the continued support of the director.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - 25% on cost
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was NIL (2024: NIL)
- -
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2024 833
As at 31 May 2025 833
Depreciation
As at 1 June 2024 17
Provided during the period 208
As at 31 May 2025 225
Net Book Value
As at 31 May 2025 608
As at 1 June 2024 816
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 5,760
Other debtors 45,123 27,934
45,123 33,694
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,826 197
Other creditors 1,500 1,500
Taxation and social security 44,898 40,368
49,224 42,065
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Paul Murray 27,934 3,254 - - 31,188
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9. Ultimate Controlling Party
The company's ultimate controlling party is P Murray .
Page 5