Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC590967 Mr Lewis Page Mr Lewis Page true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC590967 2023-03-31 SC590967 2024-03-31 SC590967 2023-04-01 2024-03-31 SC590967 frs-core:CurrentFinancialInstruments 2024-03-31 SC590967 frs-core:Non-currentFinancialInstruments 2024-03-31 SC590967 frs-core:BetweenOneFiveYears 2024-03-31 SC590967 frs-core:FurnitureFittings 2024-03-31 SC590967 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC590967 frs-core:FurnitureFittings 2023-03-31 SC590967 frs-core:MotorVehicles 2024-03-31 SC590967 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC590967 frs-core:MotorVehicles 2023-03-31 SC590967 frs-core:PlantMachinery 2024-03-31 SC590967 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC590967 frs-core:PlantMachinery 2023-03-31 SC590967 frs-core:WithinOneYear 2024-03-31 SC590967 frs-core:ShareCapital 2024-03-31 SC590967 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC590967 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC590967 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC590967 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC590967 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC590967 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC590967 1 2023-04-01 2024-03-31 SC590967 frs-bus:Director1 2023-04-01 2024-03-31 SC590967 frs-countries:Scotland 2023-04-01 2024-03-31 SC590967 2022-03-31 SC590967 2023-03-31 SC590967 2022-04-01 2023-03-31 SC590967 frs-core:CurrentFinancialInstruments 2023-03-31 SC590967 frs-core:Non-currentFinancialInstruments 2023-03-31 SC590967 frs-core:BetweenOneFiveYears 2023-03-31 SC590967 frs-core:WithinOneYear 2023-03-31 SC590967 frs-core:ShareCapital 2023-03-31 SC590967 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC590967
Corstorphine Gas Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC590967
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 103,523 66,983
103,523 66,983
CURRENT ASSETS
Stocks 5 72,000 55,000
Debtors 6 424,770 185,459
Cash at bank and in hand 341,740 401,020
838,510 641,479
Creditors: Amounts Falling Due Within One Year 7 (371,985 ) (314,720 )
NET CURRENT ASSETS (LIABILITIES) 466,525 326,759
TOTAL ASSETS LESS CURRENT LIABILITIES 570,048 393,742
Creditors: Amounts Falling Due After More Than One Year 8 (68,885 ) (45,616 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,669 ) (12,727 )
NET ASSETS 481,494 335,399
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 481,394 335,299
SHAREHOLDERS' FUNDS 481,494 335,399
Page 1
Page 2
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 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 Lewis Page
Director
05/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Corstorphine Gas Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC590967 . The registered office is 100f Saughton Road North, Edinburgh, EH12 7JN.
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 goods and services supplied by the company, net of Value Added Tax and trade discounts.
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
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. 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.
2.5. 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. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 14)
17 14
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 3,343 101,762 4,901 110,006
Additions 772 58,825 9,323 68,920
As at 31 March 2024 4,115 160,587 14,224 178,926
Depreciation
As at 1 April 2023 1,184 39,595 2,244 43,023
Provided during the period 674 30,248 1,458 32,380
As at 31 March 2024 1,858 69,843 3,702 75,403
Net Book Value
As at 31 March 2024 2,257 90,744 10,522 103,523
As at 1 April 2023 2,159 62,167 2,657 66,983
5. Stocks
2024 2023
£ £
Materials 20,000 5,000
Work in progress 52,000 50,000
72,000 55,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,127 71,159
Other debtors 6,630 360
72,757 71,519
Due after more than one year
Other debtors 352,013 113,940
424,770 185,459
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,141 8,172
Trade creditors 76,632 90,102
Bank loans and overdrafts 11,333 10,000
Other creditors 143,777 142,776
Taxation and social security 120,102 63,670
371,985 314,720
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 56,385 23,116
Bank loans 12,500 22,500
68,885 45,616
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,141 8,172
Later than one year and not later than five years 56,385 23,116
76,526 31,288
76,526 31,288
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr Lewis Page by virtue of his ownership of 100% of the issued share capital in the company.
13. Floating Charge
Barclays Security Trustee Limited hold a floating charge over the charged assets of the company which covers all the property or undertaking of the company.
Page 5