Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 SC537835 Mr Raymond McWilliams Mr Craig Ritchie Mr Brian McGroarty the directors, Mr R McWilliams, Mr C Ritchie and Mr B McGroarty, true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC537835 2022-06-30 SC537835 2023-06-30 SC537835 2022-07-01 2023-06-30 SC537835 frs-core:CurrentFinancialInstruments 2023-06-30 SC537835 frs-core:Non-currentFinancialInstruments 2023-06-30 SC537835 frs-core:BetweenOneFiveYears 2023-06-30 SC537835 frs-core:ComputerEquipment 2023-06-30 SC537835 frs-core:ComputerEquipment 2022-07-01 2023-06-30 SC537835 frs-core:ComputerEquipment 2022-06-30 SC537835 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC537835 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC537835 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-06-30 SC537835 frs-core:MotorVehicles 2023-06-30 SC537835 frs-core:MotorVehicles 2022-07-01 2023-06-30 SC537835 frs-core:MotorVehicles 2022-06-30 SC537835 frs-core:PlantMachinery 2023-06-30 SC537835 frs-core:PlantMachinery 2022-07-01 2023-06-30 SC537835 frs-core:PlantMachinery 2022-06-30 SC537835 frs-core:WithinOneYear 2023-06-30 SC537835 frs-core:ShareCapital 2023-06-30 SC537835 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC537835 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC537835 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 SC537835 frs-bus:SmallEntities 2022-07-01 2023-06-30 SC537835 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC537835 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC537835 1 2022-07-01 2023-06-30 SC537835 frs-core:DeferredTaxation 2022-07-01 2023-06-30 SC537835 frs-core:DeferredTaxation 2022-06-30 SC537835 frs-core:DeferredTaxation 2023-06-30 SC537835 frs-bus:Director1 2022-07-01 2023-06-30 SC537835 frs-bus:Director1 2022-06-30 SC537835 frs-bus:Director1 2023-06-30 SC537835 frs-bus:Director2 2022-07-01 2023-06-30 SC537835 frs-bus:Director2 2022-06-30 SC537835 frs-bus:Director2 2023-06-30 SC537835 frs-bus:Director3 2022-07-01 2023-06-30 SC537835 frs-core:CurrentFinancialInstruments 1 2023-06-30 SC537835 frs-core:CurrentFinancialInstruments 2 2023-06-30 SC537835 frs-countries:Scotland 2022-07-01 2023-06-30 SC537835 2021-06-30 SC537835 2022-06-30 SC537835 2021-07-01 2022-06-30 SC537835 frs-core:CurrentFinancialInstruments 2022-06-30 SC537835 frs-core:Non-currentFinancialInstruments 2022-06-30 SC537835 frs-core:BetweenOneFiveYears 2022-06-30 SC537835 frs-core:MotorVehicles 2021-07-01 2022-06-30 SC537835 frs-core:WithinOneYear 2022-06-30 SC537835 frs-core:ShareCapital 2022-06-30 SC537835 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30 SC537835 frs-core:CurrentFinancialInstruments 1 2022-06-30 SC537835 frs-core:CurrentFinancialInstruments 2 2022-06-30
Registered number: SC537835
Polar Building Services (Scotland) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Paul Blaney
Chartered Accountant
18 Talbot Crescent
Coatbridge
ML5 5GB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC537835
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 191,247 260,112
191,247 260,112
CURRENT ASSETS
Debtors 5 419,977 227,668
Cash at bank and in hand 97,813 47,663
517,790 275,331
Creditors: Amounts Falling Due Within One Year 6 (301,731 ) (150,429 )
NET CURRENT ASSETS (LIABILITIES) 216,059 124,902
TOTAL ASSETS LESS CURRENT LIABILITIES 407,306 385,014
Creditors: Amounts Falling Due After More Than One Year 7 (76,937 ) (135,053 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (14,966 ) (23,323 )
NET ASSETS 315,403 226,638
CAPITAL AND RESERVES
Called up share capital 12 3 3
Profit and Loss Account 315,400 226,635
SHAREHOLDERS' FUNDS 315,403 226,638
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For the year ending 30 June 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
Mr Brian McGroarty
Director
28/03/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Polar Building Services (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC537835 . The registered office is Unit A9, 36 Coltness Lane, Glagow, G33 4DR.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Freehold 4% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 20% Straight Line
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 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 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.
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 asset reflects 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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 4 3
Manufacturing 2 3
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2022 149,301 51,413 175,362 3,902 379,978
Additions - - - 656 656
Disposals - - (95,177 ) - (95,177 )
As at 30 June 2023 149,301 51,413 80,185 4,558 285,457
Depreciation
As at 1 July 2022 11,944 16,446 88,936 2,540 119,866
Provided during the period 5,972 10,283 11,357 912 28,524
Disposals - - (54,180 ) - (54,180 )
As at 30 June 2023 17,916 26,729 46,113 3,452 94,210
Net Book Value
As at 30 June 2023 131,385 24,684 34,072 1,106 191,247
As at 1 July 2022 137,357 34,967 86,426 1,362 260,112
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 30,228 86,426
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 245,883 65,410
Other debtors 144,462 116,802
Other debtors (1) 14,904 2,000
Other taxes and social security 13,728 43,278
Directors' loan accounts 1,000 178
419,977 227,668
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 15,085 38,476
Bank loans and overdrafts 17,500 10,000
Corporation tax 31,057 10,660
VAT 6,947 2,844
Other creditors (1) 43,241 56,107
Other creditors (2) 13,747 7,920
Accruals and deferred income 174,073 24,422
Directors' loan accounts 81 -
301,731 150,429
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,824 45,940
Bank loans 64,113 89,113
76,937 135,053
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 52,500 -
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,085 38,476
Later than one year and not later than five years 12,824 45,940
27,909 84,416
27,909 84,416
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10. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 14,966 23,323
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2022 23,323 23,323
Deferred taxation (8,357 ) (8,357 )
Balance at 30 June 2023 14,966 14,966
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2022 Amounts advanced Amounts repaid Amounts written off As at 30 June 2023
£ £ £ £ £
Mr Raymond McWilliams - 1,000 - - 1,000
Mr Brian McGroarty 178 - 260 - (82 )
The above loans are unsecured, interest free and repayable on demand.
14. Ultimate Controlling Party
The company's ultimate controlling party is the directors, Mr R McWilliams, Mr C Ritchie and Mr B McGroarty, by virtue of their ownership of 100% of the issued share capital in the company.
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