Acorah Software Products - Accounts Production 15.0.600 false true true No description of principal activity 1 January 2023 31 December 2023 31 December 2023 SC399756 Mrs Cynthia Oyinlola Ibojie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC399756 2022-12-31 SC399756 2023-12-31 SC399756 2023-01-01 2023-12-31 SC399756 frs-core:CurrentFinancialInstruments 2023-12-31 SC399756 frs-core:Non-currentFinancialInstruments 2023-12-31 SC399756 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC399756 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC399756 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC399756 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 SC399756 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 SC399756 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC399756 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 SC399756 frs-bus:FullAccounts 2023-01-01 2023-12-31 SC399756 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC399756 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC399756 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC399756 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 SC399756 frs-bus:Director1 2023-01-01 2023-12-31 SC399756 frs-countries:Scotland 2023-01-01 2023-12-31
Registered number: SC399756
Aberdeen Life Centre Ltd
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 December 2023
Airton Broomhill Consulting
ACCA
88 Pittodrie Place
Aberdeen
AB24 5QT
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Income and Expenditure Account 4
Statement of Comprehensive Income 5
Balance Sheet 6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—9
Page 1
Company Information
Director Mrs Cynthia Oyinlola Ibojie
Company Number SC399756
Registered Office The Fathers House
Caroline Place
Aberdeen
AB25 2TH
Accountants Airton Broomhill Consulting
ACCA
88 Pittodrie Place
Aberdeen
AB24 5QT
Page 1
Page 2
Director's Report
The director presents her report and the financial statements for the year ended 31 December 2023.
Directors
The director who held office during the year were as follows:
Mrs Cynthia Oyinlola Ibojie
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs Cynthia Oyinlola Ibojie
Director
27/07/2024
Page 2
Page 3
Accountant's Report
In accordance with the engagement letter dated 01 July 2024, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
27/07/2024
Airton Broomhill Consulting
ACCA
88 Pittodrie Place
Aberdeen
AB24 5QT
Page 3
Page 4
Income and Expenditure Account
2023
Notes £
TURNOVER 74,621
Cost of sales (28,618 )
GROSS SURPLUS 46,003
Administrative expenses (10,062 )
OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR 35,941
The notes on pages 8 to 9 form part of these financial statements.
Page 4
Page 5
Statement of Comprehensive Income
2023
£
SURPLUS FOR THE FINANCIAL YEAR 35,941
OTHER COMPREHENSIVE INCOME FOR THE YEAR -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 35,941
Page 5
Page 6
Balance Sheet
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 687,623
687,623
CURRENT ASSETS
Debtors 5 201,399
Cash at bank and in hand 731
202,130
Creditors: Amounts Falling Due Within One Year 6 (163,279 )
NET CURRENT ASSETS (LIABILITIES) 38,851
TOTAL ASSETS LESS CURRENT LIABILITIES 726,474
Creditors: Amounts Falling Due After More Than One Year 7 (536,038 )
NET ASSETS 190,436
Income and Expenditure Account 190,436
MEMBERS' FUNDS 190,436
For the year ending 31 December 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 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mrs Cynthia Oyinlola Ibojie
Director
27/07/2024
The notes on pages 8 to 9 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Income and Expenditure Account
£
As at 1 January 2023 154,495
Profit for the year and total comprehensive income 35,941
As at 31 December 2023 190,436
Page 7
Page 8
Notes to the Financial Statements
1. General Information
Aberdeen Life Centre Ltd is a private company, limited by guarantee, incorporated in Scotland, registered number SC399756 . The registered office is The Fathers House, Caroline Place, Aberdeen, AB25 2TH.
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. 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:
Freehold 2% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 687,623
As at 31 December 2023 687,623
Net Book Value
As at 31 December 2023 687,623
As at 1 January 2023 687,623
Page 8
Page 9
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 760,000
Accumulated depreciation and impairment 72,377
Carrying amount 687,623
5. Debtors
2023
£
Due within one year
Due after more than one year
Other debtors 201,399
6. Creditors: Amounts Falling Due Within One Year
2023
£
Bank loans and overdrafts 1,330
Other creditors 161,949
163,279
7. Creditors: Amounts Falling Due After More Than One Year
2023
£
Bank loans 536,038
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 9