Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC679655 Mr Azmat Rasool iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC679655 2022-11-30 SC679655 2023-11-30 SC679655 2022-12-01 2023-11-30 SC679655 frs-core:CurrentFinancialInstruments 2023-11-30 SC679655 frs-core:Non-currentFinancialInstruments 2023-11-30 SC679655 frs-core:ShareCapital 2023-11-30 SC679655 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC679655 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC679655 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC679655 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC679655 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC679655 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC679655 frs-bus:Director1 2022-12-01 2023-11-30 SC679655 frs-countries:Scotland 2022-12-01 2023-11-30 SC679655 2021-11-30 SC679655 2022-11-30 SC679655 2021-12-01 2022-11-30 SC679655 frs-core:CurrentFinancialInstruments 2022-11-30 SC679655 frs-core:Non-currentFinancialInstruments 2022-11-30 SC679655 frs-core:ShareCapital 2022-11-30 SC679655 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC679655
Waar Scotland Ltd
Financial Statements
For The Year Ended 30 November 2023
Lockhart Amin Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC679655
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 9,000 9,500
Debtors 5 102,500 -
Cash at bank and in hand 528 866
112,028 10,366
Creditors: Amounts Falling Due Within One Year 6 (22,481 ) (1,128 )
NET CURRENT ASSETS (LIABILITIES) 89,547 9,238
TOTAL ASSETS LESS CURRENT LIABILITIES 89,547 9,238
Creditors: Amounts Falling Due After More Than One Year 7 (19,682 ) -
NET ASSETS 69,865 9,238
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 69,765 9,138
SHAREHOLDERS' FUNDS 69,865 9,238
Page 1
Page 2
For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
Mr Azmat Rasool
Director
26 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Waar Scotland Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC679655 . The registered office is C/O Lockhart Amin 159 King Street, Rutherglen, Glasgow, South Lanarkshire, G73 1BZ.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Stocks
2023 2022
£ £
Stock 9,000 9,500
5. Debtors
2023 2022
£ £
Due within one year
Director's loan account 102,500 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,296 -
Inter Company Loan 3,888 -
VAT 15,297 -
Director's loan account - 1,128
22,481 1,128
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 19,682 -
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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