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 SC644583 Mr Jim McCreadie Mr Paul Melvin Mr Paul Melvin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC644583 2022-10-31 SC644583 2023-10-31 SC644583 2022-11-01 2023-10-31 SC644583 frs-core:CurrentFinancialInstruments 2023-10-31 SC644583 frs-core:Non-currentFinancialInstruments 2023-10-31 SC644583 frs-core:NetGoodwill 2023-10-31 SC644583 frs-core:NetGoodwill 2022-11-01 2023-10-31 SC644583 frs-core:NetGoodwill 2022-10-31 SC644583 frs-core:PlantMachinery 2023-10-31 SC644583 frs-core:PlantMachinery 2022-11-01 2023-10-31 SC644583 frs-core:PlantMachinery 2022-10-31 SC644583 frs-core:ShareCapital 2023-10-31 SC644583 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC644583 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC644583 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC644583 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC644583 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC644583 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC644583 frs-bus:Director1 2022-11-01 2023-10-31 SC644583 frs-bus:Director2 2022-11-01 2023-10-31 SC644583 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 SC644583 frs-countries:Scotland 2022-11-01 2023-10-31 SC644583 2021-10-31 SC644583 2022-10-31 SC644583 2021-11-01 2022-10-31 SC644583 frs-core:CurrentFinancialInstruments 2022-10-31 SC644583 frs-core:Non-currentFinancialInstruments 2022-10-31 SC644583 frs-core:ShareCapital 2022-10-31 SC644583 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC644583
ACEIE Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
One 2 One Accountancy Services
10 Gallowgate
Rothesay
Isle of Bute
Scotland
PA20 0HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC644583
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,305 9,305
Tangible Assets 5 2,103 2,628
11,408 11,933
CURRENT ASSETS
Debtors 6 3,110 3,510
Cash at bank and in hand 934 1,276
4,044 4,786
Creditors: Amounts Falling Due Within One Year 7 (5,409 ) (5,294 )
NET CURRENT ASSETS (LIABILITIES) (1,365 ) (508 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,043 11,425
Creditors: Amounts Falling Due After More Than One Year 8 4,535 -
NET ASSETS 14,578 11,425
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 14,576 11,423
SHAREHOLDERS' FUNDS 14,578 11,425
Page 1
Page 2
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
Mr Paul Melvin
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ACEIE Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC644583 . The registered office is 15 Battery Place, Rothesay, PA20 9DP.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 9,305
As at 31 October 2023 9,305
Net Book Value
As at 31 October 2023 9,305
As at 1 November 2022 9,305
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2022 5,131
As at 31 October 2023 5,131
Depreciation
As at 1 November 2022 2,503
Provided during the period 525
As at 31 October 2023 3,028
Net Book Value
As at 31 October 2023 2,103
As at 1 November 2022 2,628
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 3,110 3,510
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 608
Bank loans and overdrafts 48 -
Accruals and deferred income 2,448 1,584
Directors' loan accounts 2,913 3,102
5,409 5,294
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans (4,535 ) -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5