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 SC203815 C A McMorris G I McMorris true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC203815 2022-10-31 SC203815 2023-10-31 SC203815 2022-11-01 2023-10-31 SC203815 frs-core:CurrentFinancialInstruments 2023-10-31 SC203815 frs-core:ComputerEquipment 2023-10-31 SC203815 frs-core:ComputerEquipment 2022-11-01 2023-10-31 SC203815 frs-core:ComputerEquipment 2022-10-31 SC203815 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 SC203815 frs-core:FurnitureFittings 2023-10-31 SC203815 frs-core:FurnitureFittings 2022-11-01 2023-10-31 SC203815 frs-core:FurnitureFittings 2022-10-31 SC203815 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 SC203815 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 SC203815 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 SC203815 frs-core:OtherResidualIntangibleAssets 2023-10-31 SC203815 frs-core:OtherResidualIntangibleAssets 2022-10-31 SC203815 frs-core:PlantMachinery 2023-10-31 SC203815 frs-core:PlantMachinery 2022-11-01 2023-10-31 SC203815 frs-core:PlantMachinery 2022-10-31 SC203815 frs-core:ShareCapital 2023-10-31 SC203815 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC203815 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC203815 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC203815 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC203815 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC203815 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC203815 1 2022-11-01 2023-10-31 SC203815 frs-bus:Director1 2022-11-01 2023-10-31 SC203815 frs-bus:Director2 2022-11-01 2023-10-31 SC203815 frs-countries:Scotland 2022-11-01 2023-10-31 SC203815 2021-10-31 SC203815 2022-10-31 SC203815 2021-11-01 2022-10-31 SC203815 frs-core:CurrentFinancialInstruments 2022-10-31 SC203815 frs-core:ShareCapital 2022-10-31 SC203815 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC203815
Wm. Armstrong's 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—6
Page 1
Balance Sheet
Registered number: SC203815
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,823 14,204
10,823 14,204
CURRENT ASSETS
Stock 6 210,530 208,658
Debtors 7 25,267 25,637
Cash at bank and in hand 590,818 1,135,078
826,615 1,369,373
Creditors: Amounts Falling Due Within One Year 8 (397,873 ) (381,312 )
NET CURRENT ASSETS (LIABILITIES) 428,742 988,061
TOTAL ASSETS LESS CURRENT LIABILITIES 439,565 1,002,265
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,056 ) (2,699 )
NET ASSETS 437,509 999,566
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 437,507 999,564
SHAREHOLDERS' FUNDS 437,509 999,566
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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 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
G I McMorris
Director
30 July 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
Wm. Armstrong's Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC203815 . The registered office is Mazars Capital Square, 58 Morrison Street, Edinburgh, EH3 8BP.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to website development. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Leasehold 18% straight line
Plant & Machinery 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
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 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.
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 assets reflect 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: 27 (2022: 23)
27 23
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4. Intangible Assets
Other
£
Cost
As at 1 November 2022 9,710
As at 31 October 2023 9,710
Amortisation
As at 1 November 2022 9,710
As at 31 October 2023 9,710
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 6,973 9,000 4,176 998 21,147
As at 31 October 2023 6,973 9,000 4,176 998 21,147
Depreciation
As at 1 November 2022 2,615 300 3,615 413 6,943
Provided during the period 1,255 1,800 127 199 3,381
As at 31 October 2023 3,870 2,100 3,742 612 10,324
Net Book Value
As at 31 October 2023 3,103 6,900 434 386 10,823
As at 1 November 2022 4,358 8,700 561 585 14,204
6. Stock
2023 2022
£ £
Stock 210,530 208,658
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,823 13,031
Other debtors 13,444 12,606
25,267 25,637
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 68,524 35,449
Other creditors 3,472 3,742
Taxation and social security 325,877 342,121
397,873 381,312
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is WM. Armstrong's (Holdings) Ltd . WM. Armstrong's (Holdings) Ltd was incorporated in Scotland.
In the opinions of the directors, there is no ultimate controlling party.
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