Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 SC570675 Mr Graeme Thomson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC570675 2022-07-31 SC570675 2023-07-31 SC570675 2022-08-01 2023-07-31 SC570675 frs-core:CurrentFinancialInstruments 2023-07-31 SC570675 frs-core:Non-currentFinancialInstruments 2023-07-31 SC570675 frs-core:BetweenOneFiveYears 2023-07-31 SC570675 frs-core:MotorVehicles 2023-07-31 SC570675 frs-core:MotorVehicles 2022-08-01 2023-07-31 SC570675 frs-core:MotorVehicles 2022-07-31 SC570675 frs-core:PlantMachinery 2023-07-31 SC570675 frs-core:PlantMachinery 2022-08-01 2023-07-31 SC570675 frs-core:PlantMachinery 2022-07-31 SC570675 frs-core:WithinOneYear 2023-07-31 SC570675 frs-core:ShareCapital 2023-07-31 SC570675 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC570675 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC570675 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 SC570675 frs-bus:SmallEntities 2022-08-01 2023-07-31 SC570675 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC570675 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC570675 frs-bus:Director1 2022-08-01 2023-07-31 SC570675 frs-countries:Scotland 2022-08-01 2023-07-31 SC570675 2021-07-31 SC570675 2022-07-31 SC570675 2021-08-01 2022-07-31 SC570675 frs-core:CurrentFinancialInstruments 2022-07-31 SC570675 frs-core:Non-currentFinancialInstruments 2022-07-31 SC570675 frs-core:BetweenOneFiveYears 2022-07-31 SC570675 frs-core:WithinOneYear 2022-07-31 SC570675 frs-core:ShareCapital 2022-07-31 SC570675 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: SC570675
Thomson Electrical Scotland Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Harleys Bookkeeping & Tax Returns Ltd
Dalgety Bay Business Centre
Sybrig House
Ridge Way
Dalgety Bay
KY11 9JN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC570675
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,888 56,589
42,888 56,589
CURRENT ASSETS
Debtors 5 18,371 22,025
Cash at bank and in hand 9,197 7,998
27,568 30,023
Creditors: Amounts Falling Due Within One Year 6 (82,018 ) (82,971 )
NET CURRENT ASSETS (LIABILITIES) (54,450 ) (52,948 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,562 ) 3,641
Creditors: Amounts Falling Due After More Than One Year 7 (14,810 ) (34,107 )
NET LIABILITIES (26,372 ) (30,466 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (26,472 ) (30,566 )
SHAREHOLDERS' FUNDS (26,372) (30,466)
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For the year ending 31 July 2023 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
Mr Graeme Thomson
Director
28/11/2023
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Thomson Electrical Scotland Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC570675 . The registered office is 10 Rowan Wynd, Kinghorn, Fife, KY3 9YR.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. 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 profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2022 3,846 76,411 80,257
Additions 269 - 269
As at 31 July 2023 4,115 76,411 80,526
Depreciation
As at 1 August 2022 1,662 22,006 23,668
Provided during the period 368 13,602 13,970
As at 31 July 2023 2,030 35,608 37,638
Net Book Value
As at 31 July 2023 2,085 40,803 42,888
As at 1 August 2022 2,184 54,405 56,589
5. Debtors
2023 2022
£ £
Due within one year
Other taxes and social security 18,371 22,025
18,371 22,025
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,726 6,584
Corporation tax 565 -
Other creditors 377 1,792
Accruals and deferred income 1,137 906
Director's loan account 72,213 73,689
82,018 82,971
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 14,810 34,107
14,810 34,107
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,726 6,584
Later than one year and not later than five years 14,810 34,107
22,536 40,691
22,536 40,691
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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