Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC402257 Mr Iain Martin Mr Andrew McFarlane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC402257 2023-03-31 SC402257 2024-03-31 SC402257 2023-04-01 2024-03-31 SC402257 frs-core:CurrentFinancialInstruments 2024-03-31 SC402257 frs-core:Non-currentFinancialInstruments 2024-03-31 SC402257 frs-core:BetweenOneFiveYears 2024-03-31 SC402257 frs-core:ComputerEquipment 2024-03-31 SC402257 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC402257 frs-core:ComputerEquipment 2023-03-31 SC402257 frs-core:FurnitureFittings 2024-03-31 SC402257 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC402257 frs-core:FurnitureFittings 2023-03-31 SC402257 frs-core:NetGoodwill 2024-03-31 SC402257 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC402257 frs-core:NetGoodwill 2023-03-31 SC402257 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC402257 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC402257 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC402257 frs-core:MotorVehicles 2024-03-31 SC402257 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC402257 frs-core:MotorVehicles 2023-03-31 SC402257 frs-core:PlantMachinery 2024-03-31 SC402257 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC402257 frs-core:PlantMachinery 2023-03-31 SC402257 frs-core:WithinOneYear 2024-03-31 SC402257 frs-core:RevaluationReserve 2023-03-31 SC402257 frs-core:RevaluationReserve 2024-03-31 SC402257 frs-core:ShareCapital 2024-03-31 SC402257 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC402257 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC402257 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC402257 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC402257 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC402257 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC402257 frs-bus:Director1 2023-04-01 2024-03-31 SC402257 frs-bus:Director2 2023-04-01 2024-03-31 SC402257 frs-countries:Scotland 2023-04-01 2024-03-31 SC402257 2022-03-31 SC402257 2023-03-31 SC402257 2022-04-01 2023-03-31 SC402257 frs-core:CurrentFinancialInstruments 2023-03-31 SC402257 frs-core:Non-currentFinancialInstruments 2023-03-31 SC402257 frs-core:BetweenOneFiveYears 2023-03-31 SC402257 frs-core:WithinOneYear 2023-03-31 SC402257 frs-core:RevaluationReserve 2023-03-31 SC402257 frs-core:ShareCapital 2023-03-31 SC402257 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC402257
M3 Landscapes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Almond Valley Accounting Limited
CIMA
C/O Av Accounting, Suite 14 Ellismuir House
Ellismuir Way
Tannochside
G71 5PW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC402257
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 14,000 17,000
Tangible Assets 5 1,231,332 880,259
1,245,332 897,259
CURRENT ASSETS
Stocks 6 10,000 10,000
Debtors 7 373,811 239,230
Cash at bank and in hand 6,522 38,204
390,333 287,434
Creditors: Amounts Falling Due Within One Year 8 (422,089 ) (493,415 )
NET CURRENT ASSETS (LIABILITIES) (31,756 ) (205,981 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,213,576 691,278
Creditors: Amounts Falling Due After More Than One Year 9 (618,067 ) (296,995 )
NET ASSETS 595,509 394,283
CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 54,920 54,920
Profit and Loss Account 540,489 339,263
SHAREHOLDERS' FUNDS 595,509 394,283
Page 1
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For the year ending 31 March 2024 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 Andrew McFarlane
Director
02/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M3 Landscapes Limited is a private company, limited by shares, incorporated in Scotland, registered number SC402257 . The registered office is Glasgow Road, Kilsyth, Glasgow, G65 9BX.
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 17 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:
Freehold 2% reducing balance
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 55 (2023: 52)
55 52
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 50,000
As at 31 March 2024 50,000
Amortisation
As at 1 April 2023 33,000
Provided during the period 3,000
As at 31 March 2024 36,000
Net Book Value
As at 31 March 2024 14,000
As at 1 April 2023 17,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 460,988 483,550 572,030 64,202
Additions 81,345 129,471 351,200 -
Disposals (6,840 ) - - -
As at 31 March 2024 535,493 613,021 923,230 64,202
...CONTINUED
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Page 5
Depreciation
As at 1 April 2023 50,724 257,489 338,511 56,648
Provided during the period 16,456 94,430 90,666 1,511
As at 31 March 2024 67,180 351,919 429,177 58,159
Net Book Value
As at 31 March 2024 468,313 261,102 494,053 6,043
As at 1 April 2023 410,264 226,061 233,519 7,554
Computer Equipment Total
£ £
Cost
As at 1 April 2023 3,121 1,583,891
Additions - 562,016
Disposals - (6,840 )
As at 31 March 2024 3,121 2,139,067
Depreciation
As at 1 April 2023 260 703,632
Provided during the period 1,040 204,103
As at 31 March 2024 1,300 907,735
Net Book Value
As at 31 March 2024 1,821 1,231,332
As at 1 April 2023 2,861 880,259
6. Stocks
2024 2023
£ £
Stock 10,000 10,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 367,842 210,344
Other debtors - 28,886
VAT 5,969 -
373,811 239,230
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 68,626 77,332
Trade creditors 260,816 264,923
Bank loans and overdrafts 65,459 65,065
Corporation tax 4,073 13,685
Other taxes and social security 19,250 18,972
VAT - 46,302
Net wages - 3,320
Other creditors 3,865 3,816
422,089 493,415
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 340,591 41,672
Bank loans 170,208 213,323
Directors loan account 107,268 42,000
618,067 296,995
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 68,626 77,332
Later than one year and not later than five years 340,591 41,672
409,217 119,004
409,217 119,004
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Reserves
Revaluation Reserve
£
As at 1 April 2023 54,920
As at 31 March 2024 54,920
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