Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 SC666840 Marcello Montahar Mariano Strazzullo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC666840 2022-07-31 SC666840 2023-07-31 SC666840 2022-08-01 2023-07-31 SC666840 frs-core:CurrentFinancialInstruments 2023-07-31 SC666840 frs-core:FurnitureFittings 2023-07-31 SC666840 frs-core:FurnitureFittings 2022-08-01 2023-07-31 SC666840 frs-core:FurnitureFittings 2022-07-31 SC666840 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 SC666840 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 SC666840 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 SC666840 frs-core:ShareCapital 2023-07-31 SC666840 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC666840 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC666840 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 SC666840 frs-bus:SmallEntities 2022-08-01 2023-07-31 SC666840 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC666840 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC666840 frs-bus:Director1 2022-08-01 2023-07-31 SC666840 frs-bus:Director2 2022-08-01 2023-07-31 SC666840 frs-core:CurrentFinancialInstruments 1 2023-07-31 SC666840 frs-core:CurrentFinancialInstruments 3 2023-07-31 SC666840 frs-countries:Scotland 2022-08-01 2023-07-31 SC666840 2021-07-31 SC666840 2022-07-31 SC666840 2021-08-01 2022-07-31 SC666840 frs-core:CurrentFinancialInstruments 2022-07-31 SC666840 frs-core:ShareCapital 2022-07-31 SC666840 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 SC666840 frs-core:CurrentFinancialInstruments 1 2022-07-31 SC666840 frs-core:CurrentFinancialInstruments 3 2022-07-31
Registered number: SC666840
Santa Lucia Glasgow Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
14 Newton Place
Glasgow
G3 7PY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC666840
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 207,908 189,814
207,908 189,814
CURRENT ASSETS
Stocks 5 20,000 22,500
Debtors 6 126,017 10,500
Cash at bank and in hand 29,928 91,769
175,945 124,769
Creditors: Amounts Falling Due Within One Year 7 (330,006 ) (308,907 )
NET CURRENT ASSETS (LIABILITIES) (154,061 ) (184,138 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,847 5,676
NET ASSETS 53,847 5,676
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 53,747 5,576
SHAREHOLDERS' FUNDS 53,847 5,676
Page 1
Page 2
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 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
Marcello Montahar
Director
08/04/2024
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
Santa Lucia Glasgow Limited is a private company, limited by shares, incorporated in Scotland, registered number SC666840 . The registered office is 14 Newton Place, Glasgow, G3 7PY.
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.
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:
Leasehold No depreciation
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred 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 and deferred 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: 30 (2022: 31)
30 31
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 111,000 106,085 217,085
Additions - 50,397 50,397
As at 31 July 2023 111,000 156,482 267,482
Depreciation
As at 1 August 2022 - 27,271 27,271
Provided during the period - 32,303 32,303
As at 31 July 2023 - 59,574 59,574
Net Book Value
As at 31 July 2023 111,000 96,908 207,908
As at 1 August 2022 111,000 78,814 189,814
5. Stocks
2023 2022
£ £
Materials 20,000 22,500
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 10,500 10,500
Amounts owed by associates 115,517 -
126,017 10,500
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 80,687 74,303
Corporation tax 32,903 5,761
Other taxes and social security 14,270 10,286
VAT 79,026 49,906
Credit card payable 939 1,859
Other liabilities 9,160 3,092
Pensions payable 604 -
Directors' loan accounts 21,917 73,200
Amounts owed to other participating interests 90,500 90,500
330,006 308,907
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5