Acorah Software Products - Accounts Production 15.0.400 false true false 17 November 2022 30 November 2023 30 November 2023 SC750627 Mrs Arlene Reid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC750627 2022-11-16 SC750627 2023-11-30 SC750627 2022-11-17 2023-11-30 SC750627 frs-core:CurrentFinancialInstruments 2023-11-30 SC750627 frs-core:ComputerEquipment 2023-11-30 SC750627 frs-core:ComputerEquipment 2022-11-17 2023-11-30 SC750627 frs-core:ComputerEquipment 2022-11-16 SC750627 frs-core:PlantMachinery 2023-11-30 SC750627 frs-core:PlantMachinery 2022-11-17 2023-11-30 SC750627 frs-core:PlantMachinery 2022-11-16 SC750627 frs-core:ShareCapital 2023-11-30 SC750627 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC750627 frs-bus:PrivateLimitedCompanyLtd 2022-11-17 2023-11-30 SC750627 frs-bus:FilletedAccounts 2022-11-17 2023-11-30 SC750627 frs-bus:SmallEntities 2022-11-17 2023-11-30 SC750627 frs-bus:AuditExempt-NoAccountantsReport 2022-11-17 2023-11-30 SC750627 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-17 2023-11-30 SC750627 frs-bus:Director1 2022-11-17 2023-11-30 SC750627 frs-countries:Scotland 2022-11-17 2023-11-30
Registered number: SC750627
Clearcut Tax Limited
Unaudited Financial Statements
For the Period 17 November 2022 to 30 November 2023
Clearcut Tax Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC750627
30 November 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,001
1,001
CURRENT ASSETS
Debtors 5 5,315
Cash at bank and in hand 3,436
8,751
Creditors: Amounts Falling Due Within One Year 6 (8,898 )
NET CURRENT ASSETS (LIABILITIES) (147 )
TOTAL ASSETS LESS CURRENT LIABILITIES 854
NET ASSETS 854
CAPITAL AND RESERVES
Called up share capital 7 12
Profit and Loss Account 842
SHAREHOLDERS' FUNDS 854
For the period 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 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 Arlene Reid
Director
14/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Clearcut Tax Limited is a private company, limited by shares, incorporated in Scotland, registered number SC750627 . The registered office is Summit House, 4 - 5 Mitchell Street, Edinburgh, EH6 7BD.
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:
Plant & Machinery 25%
Computer Equipment 25%
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 17 November 2022 - - -
Additions 122 913 1,035
As at 30 November 2023 122 913 1,035
Depreciation
As at 17 November 2022 - - -
Provided during the period 30 4 34
As at 30 November 2023 30 4 34
Net Book Value
As at 30 November 2023 92 909 1,001
As at 17 November 2022 - - -
Page 2
Page 3
5. Debtors
30 November 2023
£
Due within one year
Trade debtors 5,315
6. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors (1 )
Other creditors 5,957
Taxation and social security 2,942
8,898
7. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 12
Page 3