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 SC174832 Mr William McGuire iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC174832 2022-06-30 SC174832 2023-06-30 SC174832 2022-07-01 2023-06-30 SC174832 frs-core:CurrentFinancialInstruments 2023-06-30 SC174832 frs-core:Non-currentFinancialInstruments 2023-06-30 SC174832 frs-core:BetweenOneFiveYears 2023-06-30 SC174832 frs-core:FurnitureFittings 2023-06-30 SC174832 frs-core:FurnitureFittings 2022-07-01 2023-06-30 SC174832 frs-core:FurnitureFittings 2022-06-30 SC174832 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 SC174832 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 SC174832 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-06-30 SC174832 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC174832 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC174832 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-06-30 SC174832 frs-core:MotorVehicles 2023-06-30 SC174832 frs-core:MotorVehicles 2022-07-01 2023-06-30 SC174832 frs-core:MotorVehicles 2022-06-30 SC174832 frs-core:PlantMachinery 2023-06-30 SC174832 frs-core:PlantMachinery 2022-07-01 2023-06-30 SC174832 frs-core:PlantMachinery 2022-06-30 SC174832 frs-core:WithinOneYear 2023-06-30 SC174832 frs-core:ShareCapital 2023-06-30 SC174832 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC174832 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC174832 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 SC174832 frs-bus:SmallEntities 2022-07-01 2023-06-30 SC174832 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC174832 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC174832 frs-bus:Director1 2022-07-01 2023-06-30 SC174832 frs-core:CurrentFinancialInstruments 1 2023-06-30 SC174832 frs-core:CurrentFinancialInstruments 2 2023-06-30 SC174832 frs-countries:Scotland 2022-07-01 2023-06-30 SC174832 2021-06-30 SC174832 2022-06-30 SC174832 2021-07-01 2022-06-30 SC174832 frs-core:CurrentFinancialInstruments 2022-06-30 SC174832 frs-core:Non-currentFinancialInstruments 2022-06-30 SC174832 frs-core:BetweenOneFiveYears 2022-06-30 SC174832 frs-core:WithinOneYear 2022-06-30 SC174832 frs-core:ShareCapital 2022-06-30 SC174832 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30 SC174832 frs-core:CurrentFinancialInstruments 1 2022-06-30 SC174832 frs-core:CurrentFinancialInstruments 2 2022-06-30
Registered number: SC174832
STF (Glasgow) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC174832
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 168,845 203,505
168,845 203,505
CURRENT ASSETS
Stocks 5 520,394 336,272
Debtors 6 634,379 696,622
Cash at bank and in hand 108,476 56,741
1,263,249 1,089,635
Creditors: Amounts Falling Due Within One Year 7 (787,339 ) (698,939 )
NET CURRENT ASSETS (LIABILITIES) 475,910 390,696
TOTAL ASSETS LESS CURRENT LIABILITIES 644,755 594,201
Creditors: Amounts Falling Due After More Than One Year 8 (7,080 ) (36,082 )
NET ASSETS 637,675 558,119
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 637,575 558,019
SHAREHOLDERS' FUNDS 637,675 558,119
Page 1
Page 2
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 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 William McGuire
Director
19 March 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
STF (Glasgow) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC174832 . The registered office is 35 Downiebrae Road, Rutherglen, Glasgow, G73 1PW.
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:
Freehold NIL
Leasehold 10% reducing balance
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% 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. 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.
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2.6. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2022: 18)
18 18
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 July 2022 49,095 97,691 29,402 186,255
Additions - - - -
As at 30 June 2023 49,095 97,691 29,402 186,255
Depreciation
As at 1 July 2022 - 77,613 23,736 76,099
Provided during the period - 2,008 1,134 27,539
As at 30 June 2023 - 79,621 24,870 103,638
Net Book Value
As at 30 June 2023 49,095 18,070 4,532 82,617
As at 1 July 2022 49,095 20,078 5,666 110,156
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Fixtures & Fittings Total
£ £
Cost
As at 1 July 2022 153,276 515,719
Additions 1,685 1,685
As at 30 June 2023 154,961 517,404
Depreciation
As at 1 July 2022 134,766 312,214
Provided during the period 5,664 36,345
As at 30 June 2023 140,430 348,559
Net Book Value
As at 30 June 2023 14,531 168,845
As at 1 July 2022 18,510 203,505
5. Stocks
2023 2022
£ £
Stock 545,394 361,272
Materials (25,000 ) (25,000 )
520,394 336,272
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 554,869 617,277
Prepayments and accrued income 1,687 1,522
Other debtors 68,698 68,698
Tax 3,125 3,125
628,379 690,622
Due after more than one year
Other debtors 6,000 6,000
6,000 6,000
634,379 696,622
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 15,005 12,094
Trade creditors 401,155 332,805
Bank loans and overdrafts 221,772 267,103
Corporation tax 39,919 28,477
Other taxes and social security 24,799 13,206
VAT 9,986 22,033
Other creditors 2,494 1,960
Accruals and deferred income 71,930 20,467
Director's loan account 279 794
787,339 698,939
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,080 36,082
7,080 36,082
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by a floating charge and standard security over all the company assets.
2023 2022
£ £
Bank loans and overdrafts 221,772 267,103
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,005 12,094
Later than one year and not later than five years 7,080 36,082
22,085 48,176
22,085 48,176
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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