Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC526731 Mr Gary McGuire Mr Shaz Rafiq Mr Jonathan Gilchrist Oliver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC526731 2023-02-28 SC526731 2024-02-28 SC526731 2023-03-01 2024-02-28 SC526731 frs-core:CurrentFinancialInstruments 2024-02-28 SC526731 frs-core:Non-currentFinancialInstruments 2024-02-28 SC526731 frs-core:BetweenOneFiveYears 2024-02-28 SC526731 frs-core:ComputerEquipment 2024-02-28 SC526731 frs-core:ComputerEquipment 2023-03-01 2024-02-28 SC526731 frs-core:ComputerEquipment 2023-02-28 SC526731 frs-core:NetGoodwill 2024-02-28 SC526731 frs-core:NetGoodwill 2023-03-01 2024-02-28 SC526731 frs-core:NetGoodwill 2023-02-28 SC526731 frs-core:MotorVehicles 2024-02-28 SC526731 frs-core:MotorVehicles 2023-03-01 2024-02-28 SC526731 frs-core:MotorVehicles 2023-02-28 SC526731 frs-core:PlantMachinery 2024-02-28 SC526731 frs-core:PlantMachinery 2023-03-01 2024-02-28 SC526731 frs-core:PlantMachinery 2023-02-28 SC526731 frs-core:WithinOneYear 2024-02-28 SC526731 frs-core:ShareCapital 2024-02-28 SC526731 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC526731 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC526731 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC526731 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC526731 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC526731 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC526731 frs-core:ListedExchangeTraded 2024-02-28 SC526731 frs-core:ListedExchangeTraded 2023-02-28 SC526731 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 SC526731 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-28 SC526731 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 SC526731 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-28 SC526731 frs-bus:Director1 2023-03-01 2024-02-28 SC526731 frs-bus:Director2 2023-03-01 2024-02-28 SC526731 frs-bus:Director3 2023-03-01 2024-02-28 SC526731 frs-countries:Scotland 2023-03-01 2024-02-28 SC526731 2022-02-28 SC526731 2023-02-28 SC526731 2022-03-01 2023-02-28 SC526731 frs-core:CurrentFinancialInstruments 2023-02-28 SC526731 frs-core:Non-currentFinancialInstruments 2023-02-28 SC526731 frs-core:BetweenOneFiveYears 2023-02-28 SC526731 frs-core:WithinOneYear 2023-02-28 SC526731 frs-core:ShareCapital 2023-02-28 SC526731 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC526731
Central Fs Ltd
Financial Statements
For The Year Ended 28 February 2024
Khokhar McAdam Ltd
Chartered Accountants
1 Eagle Street
Glasgow
G4 9XA
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC526731
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,500 9,500
Tangible Assets 5 99,859 92,898
Investments 6 100 100
106,459 102,498
CURRENT ASSETS
Stocks 7 55,189 38,297
Debtors 8 155,128 213,331
Cash at bank and in hand 83,134 41,333
293,451 292,961
Creditors: Amounts Falling Due Within One Year 9 (230,114 ) (305,634 )
NET CURRENT ASSETS (LIABILITIES) 63,337 (12,673 )
TOTAL ASSETS LESS CURRENT LIABILITIES 169,796 89,825
Creditors: Amounts Falling Due After More Than One Year 10 (73,015 ) (68,172 )
NET ASSETS 96,781 21,653
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 96,681 21,553
SHAREHOLDERS' FUNDS 96,781 21,653
Page 1
Page 2
For the year ending 28 February 2024 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
Mr Gary McGuire
Director
28 March 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Central Fs Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC526731 . The registered office is Unit 6, 17 Old Mill Park, Kirkintilloch, , Glasgow, Scotland, G66 1SS.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33.33% straight line
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Page 4
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 29,500
As at 28 February 2024 29,500
Amortisation
As at 1 March 2023 20,000
Provided during the period 3,000
As at 28 February 2024 23,000
Net Book Value
As at 28 February 2024 6,500
As at 1 March 2023 9,500
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 3,101 102,418 28,119 133,638
Additions - 29,986 9,736 39,722
As at 28 February 2024 3,101 132,404 37,855 173,360
Depreciation
As at 1 March 2023 2,196 29,680 8,864 40,740
Provided during the period 818 23,570 8,373 32,761
As at 28 February 2024 3,014 53,250 17,237 73,501
Net Book Value
As at 28 February 2024 87 79,154 20,618 99,859
As at 1 March 2023 905 72,738 19,255 92,898
6. Investments
Listed
£
Cost
As at 1 March 2023 100
As at 28 February 2024 100
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 100
As at 1 March 2023 100
7. Stocks
2024 2023
£ £
Finished goods 55,189 38,297
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8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 132,932 111,948
Other debtors 22,196 101,383
155,128 213,331
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,843 18,843
Trade creditors 113,675 181,497
Bank loans and overdrafts - 10,946
Other creditors 36,496 52,487
Taxation and social security 61,100 41,861
230,114 305,634
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 50,515 46,618
Bank loans 22,500 21,554
73,015 68,172
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,843 18,843
Later than one year and not later than five years 50,515 46,618
69,358 65,461
69,358 65,461
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6