Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC315291 Mrs Louise Smith Mrs Louise Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC315291 2023-02-28 SC315291 2024-02-29 SC315291 2023-03-01 2024-02-29 SC315291 frs-core:CurrentFinancialInstruments 2024-02-29 SC315291 frs-core:ComputerEquipment 2024-02-29 SC315291 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC315291 frs-core:ComputerEquipment 2023-02-28 SC315291 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-02-29 SC315291 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-01 2024-02-29 SC315291 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-02-28 SC315291 frs-core:FurnitureFittings 2024-02-29 SC315291 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC315291 frs-core:FurnitureFittings 2023-02-28 SC315291 frs-core:MotorVehicles 2024-02-29 SC315291 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC315291 frs-core:MotorVehicles 2023-02-28 SC315291 frs-core:PlantMachinery 2024-02-29 SC315291 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC315291 frs-core:PlantMachinery 2023-02-28 SC315291 frs-core:ShareCapital 2024-02-29 SC315291 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC315291 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC315291 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC315291 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC315291 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC315291 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC315291 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 SC315291 frs-bus:OrdinaryShareClass1 2024-02-29 SC315291 1 2023-03-01 2024-02-29 SC315291 frs-bus:Director1 2023-03-01 2024-02-29 SC315291 frs-bus:Director1 2023-02-28 SC315291 frs-bus:Director1 2024-02-29 SC315291 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 SC315291 frs-countries:Scotland 2023-03-01 2024-02-29 SC315291 2022-02-28 SC315291 2023-02-28 SC315291 2022-03-01 2023-02-28 SC315291 frs-core:CurrentFinancialInstruments 2023-02-28 SC315291 frs-core:ShareCapital 2023-02-28 SC315291 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC315291 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: SC315291
Do Be Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Count On You Ltd
AAT
10c Ridge Way
Donibristle Ind Est
Dalgety Bay
Fife
KY11 9JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC315291
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 399 599
Tangible Assets 5 27,507 34,810
27,906 35,409
CURRENT ASSETS
Stocks 6 5,000 2,500
Debtors 7 9,650 4,890
Cash at bank and in hand 27,396 51,248
42,046 58,638
Creditors: Amounts Falling Due Within One Year 8 (47,726 ) (53,510 )
NET CURRENT ASSETS (LIABILITIES) (5,680 ) 5,128
TOTAL ASSETS LESS CURRENT LIABILITIES 22,226 40,537
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,877 ) (6,614 )
NET ASSETS 15,349 33,923
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 15,249 33,823
SHAREHOLDERS' FUNDS 15,349 33,923
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For the year ending 29 February 2024 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 her 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
Mrs Louise Smith
Director
12th 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
Do Be Limited Registered number SC315291 is a limited by shares company incorporated in Scotland. The Registered Office is Clyde Offices 2nd Floor, 48 West George Street, Glasgow, Lanarkshire, G2 1BP.
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 comprises the invoiced value of learning support services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are stated at cost less amortisation. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. 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 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 20% on reducing balance
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.
2.6. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments.  The financing charge to expenditure is at a constant rate calculated using the effective interest method.
2.7. 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.
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2.8. Pensions
The company operates a defined pension contribution scheme and contributes to employees personal pension plans. Contributions are charged to the profit and loss account as they become payable in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 March 2023 2,000
As at 29 February 2024 2,000
Amortisation
As at 1 March 2023 1,401
Provided during the period 200
As at 29 February 2024 1,601
Net Book Value
As at 29 February 2024 399
As at 1 March 2023 599
Other Intangible Asset costs relating specifically to website costs have been reclassified from Intellectual Property to its own classification.
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 23,143 32,155 122 5,058 60,478
Additions - - - 1,081 1,081
As at 29 February 2024 23,143 32,155 122 6,139 61,559
Depreciation
As at 1 March 2023 14,565 8,039 73 2,991 25,668
Provided during the period 1,715 6,029 10 630 8,384
As at 29 February 2024 16,280 14,068 83 3,621 34,052
Net Book Value
As at 29 February 2024 6,863 18,087 39 2,518 27,507
As at 1 March 2023 8,578 24,116 49 2,067 34,810
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6. Stocks
2024 2023
£ £
Stock 5,000 2,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,160
Prepayments and accrued income 6,316 2,730
VAT 3,334 -
9,650 4,890
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 788 882
Corporation tax 7,545 2,996
VAT - 3,178
Other creditors 2,684 1,351
Accruals and deferred income 36,684 45,087
Director's loan account 25 16
47,726 53,510
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
10. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.  Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments.  The financing charge to expenditure is at a constant rate calculated using the effective interest method.
11. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mrs Louise Smith (15 ) (57,151 ) 57,141 - (25 )
The above loan is unsecured, interest free and repayable on demand.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Louise Smith by virtue of her ownership of 100% of the issued share capital in the company.
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