Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC579631 Mr E A McCowen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC579631 2022-10-31 SC579631 2023-10-31 SC579631 2022-11-01 2023-10-31 SC579631 frs-core:CurrentFinancialInstruments 2023-10-31 SC579631 frs-core:ComputerEquipment 2023-10-31 SC579631 frs-core:ComputerEquipment 2022-11-01 2023-10-31 SC579631 frs-core:ComputerEquipment 2022-10-31 SC579631 frs-core:ShareCapital 2023-10-31 SC579631 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC579631 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC579631 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC579631 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC579631 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC579631 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC579631 frs-bus:Director1 2022-11-01 2023-10-31 SC579631 frs-countries:Scotland 2022-11-01 2023-10-31 SC579631 2021-10-31 SC579631 2022-10-31 SC579631 2021-11-01 2022-10-31 SC579631 frs-core:CurrentFinancialInstruments 2022-10-31 SC579631 frs-core:ShareCapital 2022-10-31 SC579631 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC579631
COW Capital Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC579631
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,830 1,241
1,830 1,241
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 1,447 532
1,547 632
Creditors: Amounts Falling Due Within One Year 6 (3,988 ) (5,009 )
NET CURRENT ASSETS (LIABILITIES) (2,441 ) (4,377 )
TOTAL ASSETS LESS CURRENT LIABILITIES (611 ) (3,136 )
NET LIABILITIES (611 ) (3,136 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (711 ) (3,236 )
SHAREHOLDERS' FUNDS (611) (3,136)
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For the year ending 31 October 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 E A McCowen
Director
29 July 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
COW Capital Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC579631 . The registered office is 3 Ivy Terrace, Edinburgh, Midlothian, EH11 1PQ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment 25% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 3,720
Additions 1,198
As at 31 October 2023 4,918
Depreciation
As at 1 November 2022 2,479
Provided during the period 609
As at 31 October 2023 3,088
Net Book Value
As at 31 October 2023 1,830
As at 1 November 2022 1,241
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Corporation tax 981 2,434
Director's loan account 3,007 2,574
3,988 5,009
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
As at 31 October 2023, the amount owed to Mr E A McCowen by the company was £3,007 (2022: £2,574).
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