Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 February 2022 false 1 January 2023 31 December 2023 31 December 2023 SC494494 Mr Calum Hunter Mr Calum Hunter false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC494494 2022-12-31 SC494494 2023-12-31 SC494494 2023-01-01 2023-12-31 SC494494 frs-core:CurrentFinancialInstruments 2023-12-31 SC494494 frs-core:Non-currentFinancialInstruments 2023-12-31 SC494494 frs-core:BetweenOneFiveYears 2023-12-31 SC494494 frs-core:MotorVehicles 2023-12-31 SC494494 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC494494 frs-core:MotorVehicles 2022-12-31 SC494494 frs-core:PlantMachinery 2023-12-31 SC494494 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC494494 frs-core:PlantMachinery 2022-12-31 SC494494 frs-core:WithinOneYear 2023-12-31 SC494494 frs-core:ShareCapital 2023-12-31 SC494494 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC494494 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC494494 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC494494 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC494494 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC494494 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC494494 1 2023-01-01 2023-12-31 SC494494 frs-bus:Director1 2023-01-01 2023-12-31 SC494494 frs-countries:Scotland 2023-01-01 2023-12-31 SC494494 2022-01-31 SC494494 2022-12-31 SC494494 2022-02-01 2022-12-31 SC494494 frs-core:CurrentFinancialInstruments 2022-12-31 SC494494 frs-core:Non-currentFinancialInstruments 2022-12-31 SC494494 frs-core:BetweenOneFiveYears 2022-12-31 SC494494 frs-core:WithinOneYear 2022-12-31 SC494494 frs-core:ShareCapital 2022-12-31 SC494494 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC494494
ETS - Electrical and Technical Services Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC494494
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 311,375 15,495
311,375 15,495
CURRENT ASSETS
Stocks 5 80,000 -
Debtors 6 201,966 171,628
Cash at bank and in hand 70,036 64,011
352,002 235,639
Creditors: Amounts Falling Due Within One Year 7 (314,119 ) (121,875 )
NET CURRENT ASSETS (LIABILITIES) 37,883 113,764
TOTAL ASSETS LESS CURRENT LIABILITIES 349,258 129,259
Creditors: Amounts Falling Due After More Than One Year 8 (217,326 ) (19,358 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (50,944 ) -
NET ASSETS 80,988 109,901
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 80,888 109,801
SHAREHOLDERS' FUNDS 80,988 109,901
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For the year ending 31 December 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 Calum Hunter
Director
22nd May 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
ETS - Electrical and Technical Services Ltd Registered number SC494494 is a limited by shares company incorporated in Scotland. The Registered Office is Unit 1e, Langlands Commercial Park, Kelvin Park South, East Kilbride, G75 0RH.
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 stated at cost less depreciation. 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 15% & 25% reducing balance
Motor Vehicles 25% 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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2022: 11)
28 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 3,432 63,895 67,327
Additions 49,879 336,077 385,956
Disposals - (51,954 ) (51,954 )
As at 31 December 2023 53,311 348,018 401,329
Depreciation
As at 1 January 2023 3,076 48,756 51,832
Provided during the period 5,106 73,610 78,716
Disposals - (40,594 ) (40,594 )
As at 31 December 2023 8,182 81,772 89,954
Net Book Value
As at 31 December 2023 45,129 266,246 311,375
As at 1 January 2023 356 15,139 15,495
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5. Stocks
31 December 2023 31 December 2022
£ £
Stock 80,000 -
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 162,309 164,691
Prepayments and accrued income 38,657 -
Other debtors 1,000 -
VAT - 5,533
Other taxes and social security - 1,404
201,966 171,628
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 66,463 6,382
Trade creditors 113,712 43,221
Bank loans and overdrafts 7,098 6,923
Corporation tax (6,492 ) 37,866
Other taxes and social security 54,457 -
VAT 16,464 -
Net wages 49,908 25,560
Other creditors 10,774 1,603
Accrued expenses 1,169 -
Director's loan account 566 320
314,119 121,875
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 207,279 2,143
Bank loans 10,047 17,215
217,326 19,358
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9. Obligations Under Finance Leases and Hire Purchase
31 December 2023 31 December 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 66,463 6,382
Later than one year and not later than five years 207,279 2,143
273,742 8,525
273,742 8,525
10. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
31 December 2023 31 December 2022
£ £
Mr Calum Hunter 22,780 18,620
12. Dividends
31 December 2023 31 December 2022
£ £
On equity shares:
Final dividend paid 22,780 18,620
13. Controlling Party
The company's controlling party is Mr Calum Hunter by virtue of his ownership of 52% of the issued share capital in the company.
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