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 SC199053 John Whyte Marion Whyte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC199053 2022-10-31 SC199053 2023-10-31 SC199053 2022-11-01 2023-10-31 SC199053 frs-core:CurrentFinancialInstruments 2023-10-31 SC199053 frs-core:FurnitureFittings 2023-10-31 SC199053 frs-core:FurnitureFittings 2022-11-01 2023-10-31 SC199053 frs-core:FurnitureFittings 2022-10-31 SC199053 frs-core:PlantMachinery 2023-10-31 SC199053 frs-core:PlantMachinery 2022-11-01 2023-10-31 SC199053 frs-core:PlantMachinery 2022-10-31 SC199053 frs-core:ShareCapital 2023-10-31 SC199053 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC199053 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC199053 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC199053 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC199053 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC199053 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC199053 frs-bus:Director1 2022-11-01 2023-10-31 SC199053 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 SC199053 frs-countries:Scotland 2022-11-01 2023-10-31 SC199053 2021-10-31 SC199053 2022-10-31 SC199053 2021-11-01 2022-10-31 SC199053 frs-core:CurrentFinancialInstruments 2022-10-31 SC199053 frs-core:ShareCapital 2022-10-31 SC199053 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC199053
Aros Design Ltd.
Unaudited Financial Statements
For The Year Ended 31 October 2023
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: SC199053
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 314 419
314 419
CURRENT ASSETS
Debtors 5 1,860 1,560
Cash at bank and in hand 5,432 4,628
7,292 6,188
Creditors: Amounts Falling Due Within One Year 6 (2,973 ) (3,317 )
NET CURRENT ASSETS (LIABILITIES) 4,319 2,871
TOTAL ASSETS LESS CURRENT LIABILITIES 4,633 3,290
PROVISIONS FOR LIABILITIES
Deferred Taxation (60 ) (80 )
NET ASSETS 4,573 3,210
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 4,473 3,110
SHAREHOLDERS' FUNDS 4,573 3,210
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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 Income Statement.
On behalf of the board
John Whyte
Director
30/07/2024
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
Aros Design Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC199053 . The registered office is 11 Glasgow Road, Kilsyth, Glasgow, G65 9AE.
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 and from the rendering of services.
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% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 4,829 818 5,647
As at 31 October 2023 4,829 818 5,647
Depreciation
As at 1 November 2022 4,570 658 5,228
Provided during the period 65 40 105
As at 31 October 2023 4,635 698 5,333
Net Book Value
As at 31 October 2023 194 120 314
As at 1 November 2022 259 160 419
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,860 1,560
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 1,759 1,667
Accruals and deferred income 1,140 1,098
Director's loan account 74 552
2,973 3,317
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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