Butterfly Personnel Limited


Directors	E M Tulloch
	S G Tulloch


Registered Address	Mccallum Associates Castleblair Works
	Inglis Lane
	Dunfermline
	KY12 9DP


Registered Number	SC191310 (Scotland)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,383		1,716
			1,383		1,716
Current assets
Debtors	4	19,532		24,898
Cash at bank and on hand		13,686		25,043
		33,218		49,941
Creditors amounts falling due within one year	5	(75,989)		(70,901)
Net current assets (liabilities)			(42,771)		(20,960)
Total assets less current liabilities			(41,388)		(19,244)
Creditors amounts falling due after one year	6		-		(11,075)
Net assets			(41,388)		(30,319)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(41,488)		(30,419)
Shareholders' funds			(41,388)		(30,319)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2026, and are signed on its behalf by:

E M Tulloch
Director
Registered Company No. SC191310

Butterfly Personnel Limited

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	32		39

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 November 24	12,167	4,358	16,525
Additions	-	698	698
At 31 October 25	12,167	5,056	17,223
Depreciation and impairment
At 01 November 24	11,875	2,934	14,809
Charge for year	73	958	1,031
At 31 October 25	11,948	3,892	15,840
Net book value
At 31 October 25	219	1,164	1,383
At 31 October 24	292	1,424	1,716

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	16,778	22,145
Other debtors	2,000	2,000
Prepayments and accrued income	754	753
Total	19,532	24,898

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	16,383	23,780
Taxation and social security	4,199	14,283
Other creditors	54,152	31,512
Accrued liabilities and deferred income	1,255	1,326
Total	75,989	70,901

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	11,075
Total	-	11,075