Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 SC473121 Mr B D Bathgate Mrs J L Bathgate iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC473121 2022-07-31 SC473121 2023-07-31 SC473121 2022-08-01 2023-07-31 SC473121 frs-core:CurrentFinancialInstruments 2023-07-31 SC473121 frs-core:Non-currentFinancialInstruments 2023-07-31 SC473121 frs-core:ComputerEquipment 2023-07-31 SC473121 frs-core:ComputerEquipment 2022-08-01 2023-07-31 SC473121 frs-core:ComputerEquipment 2022-07-31 SC473121 frs-core:PlantMachinery 2023-07-31 SC473121 frs-core:PlantMachinery 2022-08-01 2023-07-31 SC473121 frs-core:PlantMachinery 2022-07-31 SC473121 frs-core:ShareCapital 2023-07-31 SC473121 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC473121 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC473121 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 SC473121 frs-bus:SmallEntities 2022-08-01 2023-07-31 SC473121 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC473121 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC473121 frs-bus:Director1 2022-08-01 2023-07-31 SC473121 frs-bus:Director2 2022-08-01 2023-07-31 SC473121 frs-countries:Scotland 2022-08-01 2023-07-31 SC473121 2021-07-31 SC473121 2022-07-31 SC473121 2021-08-01 2022-07-31 SC473121 frs-core:CurrentFinancialInstruments 2022-07-31 SC473121 frs-core:Non-currentFinancialInstruments 2022-07-31 SC473121 frs-core:ShareCapital 2022-07-31 SC473121 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: SC473121
Coe Access & Arb Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC473121
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,989 22,492
18,989 22,492
CURRENT ASSETS
Debtors 5 27,333 25,100
Cash at bank and in hand 1,150 1,413
28,483 26,513
Creditors: Amounts Falling Due Within One Year 6 (24,125 ) (16,250 )
NET CURRENT ASSETS (LIABILITIES) 4,358 10,263
TOTAL ASSETS LESS CURRENT LIABILITIES 23,347 32,755
Creditors: Amounts Falling Due After More Than One Year 7 (3,427 ) (13,036 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,608 ) (4,274 )
NET ASSETS 16,312 15,445
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 16,212 15,345
SHAREHOLDERS' FUNDS 16,312 15,445
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For the year ending 31 July 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 B D Bathgate
Director
31 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Coe Access & Arb Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC473121 . The registered office is The Barn, Rosewell, Rosewell, Midlothian, EH24 9EE.
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 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:
Plant & Machinery 25% straight line
Computer Equipment 33% 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.
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.
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.
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
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 32,173 779 32,952
Additions 5,135 - 5,135
As at 31 July 2023 37,308 779 38,087
Depreciation
As at 1 August 2022 9,681 779 10,460
Provided during the period 8,638 - 8,638
As at 31 July 2023 18,319 779 19,098
Net Book Value
As at 31 July 2023 18,989 - 18,989
As at 1 August 2022 22,492 - 22,492
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,648 4,872
Other debtors 24,685 20,228
27,333 25,100
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,234 48
Bank loans and overdrafts 6,117 3,458
Other loans 5,350 4,800
Other creditors 526 3,287
Taxation and social security 10,898 4,657
24,125 16,250
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 3,427 9,486
Other loans - 3,550
3,427 13,036
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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