Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 SC591897 Mrs Morag Kenyon Ms Diane Paterson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC591897 2022-03-31 SC591897 2023-03-31 SC591897 2022-04-01 2023-03-31 SC591897 frs-core:CurrentFinancialInstruments 2023-03-31 SC591897 frs-core:Non-currentFinancialInstruments 2023-03-31 SC591897 frs-core:ComputerEquipment 2023-03-31 SC591897 frs-core:ComputerEquipment 2022-04-01 2023-03-31 SC591897 frs-core:ComputerEquipment 2022-03-31 SC591897 frs-core:ShareCapital 2023-03-31 SC591897 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC591897 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC591897 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 SC591897 frs-bus:SmallEntities 2022-04-01 2023-03-31 SC591897 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC591897 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC591897 frs-bus:Director1 2022-04-01 2023-03-31 SC591897 frs-bus:Director2 2022-04-01 2023-03-31 SC591897 frs-countries:Scotland 2022-04-01 2023-03-31 SC591897 2021-03-31 SC591897 2022-03-31 SC591897 2021-04-01 2022-03-31 SC591897 frs-core:CurrentFinancialInstruments 2022-03-31 SC591897 frs-core:Non-currentFinancialInstruments 2022-03-31 SC591897 frs-core:ShareCapital 2022-03-31 SC591897 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31 SC591897 frs-core:CurrentFinancialInstruments 1 2022-03-31
Registered number: SC591897
Castle Letting Agency Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2023
Almond Valley Accounting Limited
CIMA
14 Ellismuir House Ellismuir Way
Tannochside
G71 5PW
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC591897
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 392 784
392 784
CURRENT ASSETS
Debtors 5 18,202 22,500
Cash at bank and in hand 1,595 1,509
19,797 24,009
Creditors: Amounts Falling Due Within One Year 6 (7,556 ) (21,246 )
NET CURRENT ASSETS (LIABILITIES) 12,241 2,763
TOTAL ASSETS LESS CURRENT LIABILITIES 12,633 3,547
Creditors: Amounts Falling Due After More Than One Year 7 (1,745 ) (2,491 )
NET ASSETS 10,888 1,056
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 10,884 1,052
SHAREHOLDERS' FUNDS 10,888 1,056
Page 1
Page 2
For the year ending 31 March 2023 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
Ms Diane Paterson
Director
29/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Castle Letting Agency Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC591897 . The registered office is 12 Southend Court, Strathaven, ML10 6QU.
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. 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:
Computer Equipment 25% straight line
2.4. 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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2022 1,569
As at 31 March 2023 1,569
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2022 785
Provided during the period 392
As at 31 March 2023 1,177
Net Book Value
As at 31 March 2023 392
As at 1 April 2022 784
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,086 5,862
Directors loan - Diane - 16,638
VAT 27 -
Directors' loan accounts 16,089 -
18,202 22,500
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,461 5,315
Bank loans and overdrafts 800 800
Corporation tax 3,745 1,251
Other creditors 1,550 750
Directors' loan accounts - 13,130
7,556 21,246
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,745 2,491
1,745 2,491
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
Page 4