Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC419329 Mr Christopher Liddell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC419329 2023-03-31 SC419329 2024-03-31 SC419329 2023-04-01 2024-03-31 SC419329 frs-core:CurrentFinancialInstruments 2024-03-31 SC419329 frs-core:Non-currentFinancialInstruments 2024-03-31 SC419329 frs-core:ComputerEquipment 2024-03-31 SC419329 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC419329 frs-core:ComputerEquipment 2023-03-31 SC419329 frs-core:MotorVehicles 2024-03-31 SC419329 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC419329 frs-core:MotorVehicles 2023-03-31 SC419329 frs-core:ShareCapital 2024-03-31 SC419329 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC419329 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC419329 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC419329 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC419329 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC419329 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC419329 frs-bus:Director1 2023-04-01 2024-03-31 SC419329 frs-countries:Scotland 2023-04-01 2024-03-31 SC419329 2022-03-31 SC419329 2023-03-31 SC419329 2022-04-01 2023-03-31 SC419329 frs-core:CurrentFinancialInstruments 2023-03-31 SC419329 frs-core:Non-currentFinancialInstruments 2023-03-31 SC419329 frs-core:ShareCapital 2023-03-31 SC419329 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC419329
2 Core Electrics Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Tax Link
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC419329
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,767 25,886
29,767 25,886
CURRENT ASSETS
Debtors 5 980 1,770
Cash at bank and in hand 2,918 12,945
3,898 14,715
Creditors: Amounts Falling Due Within One Year 6 (3,479 ) (9,519 )
NET CURRENT ASSETS (LIABILITIES) 419 5,196
TOTAL ASSETS LESS CURRENT LIABILITIES 30,186 31,082
Creditors: Amounts Falling Due After More Than One Year 7 (23,475 ) (21,069 )
NET ASSETS 6,711 10,013
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 6,709 10,011
SHAREHOLDERS' FUNDS 6,711 10,013
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Page 2
For the year ending 31 March 2024 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 Christopher Liddell
Director
30/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
2 Core Electrics Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC419329 . The registered office is 74 Carlisle Road, Blackwood, Lanark, ML11 9RZ.
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:
Motor Vehicles Reducing Balance
Computer Equipment Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: )
2 -
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 41,200 830 42,030
Additions 13,078 - 13,078
As at 31 March 2024 54,278 830 55,108
Depreciation
As at 1 April 2023 15,937 207 16,144
Provided during the period 9,041 156 9,197
As at 31 March 2024 24,978 363 25,341
Net Book Value
As at 31 March 2024 29,300 467 29,767
As at 1 April 2023 25,263 623 25,886
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5. Debtors
2024 2023
£ £
Due within one year
Other debtors 980 1,770
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 3,053 3,991
Taxation and social security 426 5,527
3,479 9,519
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan 8,405 11,719
RBS Loan 6,519 9,350
RBS Loan 2 8,551 -
23,475 21,069
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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