2023-04-01 SC283864 2024-03-31 SC283864 2023-04-01 2024-03-31 SC283864 2023-03-31 SC283864 2022-04-01 2023-03-31 SC283864 uk-core:WithinOneYear 2023-03-31 SC283864 uk-core:WithinOneYear 2024-03-31 SC283864 uk-core:ShareCapital 2024-03-31 SC283864 uk-core:ShareCapital 2023-03-31 SC283864 uk-core:SharePremium 2024-03-31 SC283864 uk-core:SharePremium 2023-03-31 SC283864 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC283864 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC283864 uk-core:OtherMiscellaneousReserve 2024-03-31 SC283864 uk-bus:Director1 2023-04-01 2024-03-31 SC283864 uk-bus:Director2 2023-04-01 2024-03-31 SC283864 uk-core:LandBuildings 2023-04-01 2024-03-31 SC283864 uk-core:PlantMachinery 2023-04-01 2024-03-31 SC283864 uk-core:ToolsEquipment 2023-04-01 2024-03-31 SC283864 uk-core:MotorCars 2023-04-01 2024-03-31 SC283864 uk-core:FurnitureFittings 2023-04-01 2024-03-31 SC283864 uk-core:ToolsEquipment 2023-03-31 SC283864 uk-core:FurnitureFittings 2023-03-31 SC283864 uk-core:PlantMachinery 2023-03-31 SC283864 uk-core:LandBuildings 2023-03-31 SC283864 uk-core:PlantMachinery 2024-03-31 SC283864 uk-core:FurnitureFittings 2024-03-31 SC283864 uk-core:ToolsEquipment 2024-03-31 SC283864 uk-core:LandBuildings 2024-03-31 SC283864 uk-core:BetweenTwoFiveYears 2023-03-31 SC283864 uk-core:BetweenTwoFiveYears 2024-03-31 iso4217:GBP xbrli:pure SC283864 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC283864 uk-bus:FRS102 2023-04-01 2024-03-31 SC283864 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 SC283864 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Acutus Programme Management Limited
Registered Number:SC283864
For the year ended 31 March 2024
Scotland
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 March 2024
Acutus Programme Management Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
SC283864
As at 31 March 2024
Acutus Programme Management Limited
Statement of Financial Position
£
£
31/3/2023
31/3/2024
Notes
Fixed assets
Property, plant and equipment
29,546
35,612
2
29,546
35,612
Current assets
Inventories
140,826
142,485
3
Trade and other receivables
127,634
170,411
4
216,996
Cash and cash equivalents
696,228
1,009,124
485,456
Trade and other payables: amounts falling due within one year
(170,789)
(382,752)
5
314,667
626,372
Net current assets
Total assets less current liabilities
655,918
350,279
655,918
Net assets
350,279
Capital and reserves
Called up share capital
625
625
Share premium account
1,998
1,998
Retained earnings
652,920
347,281
Other reserves
375
375
655,918
350,279
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Gerald McCaffrey Director
Mr Robert Burt Director
These financial statements were approved and authorised for issue by the Board on 20 August 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2024
Acutus Programme Management Limited
Notes to the Financial Statements
Statutory Information
Acutus Programme Management Limited is a private limited company, limited by shares, domiciled in Scotland, registration
number SC283864.
Principal place of business:
Sterling House
20 Renfield Street
Glasgow
G2 5AP
Registered address:
Sterling House
20 Renfield Street
Glasgow
G2 5AP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
There were no material departures from that standard.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets to fair value where required.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold improvements
10% Straight line
Plant and machinery
25% Reducing balance
33% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures and fittings
Inventories
Work in progress is measured at it's estimated selling price.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Financial instruments
The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial
Instruments Issues" of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to
the contractual provisions of a financial instrument.
Basic financial instruments, including trade and other receivables, cash and bank balances, trade and other payables, bank
and other loans are initially measured at transaction price and subsequently carried at amortised cost. Financial assets and
liabilities classified as receivable/payable within one year are not amortised.
2 of 4
5
For the year ended 31 March 2024
Acutus Programme Management Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
Leasehold
improvements
£
£
£
£
£
Cost or valuation
At 01 April 2023
189,311
97,861
30,477
26,334
34,639
5,407
4,675
732
-
-
Additions
At 31 March 2024
26,334
31,209
102,536
194,718
34,639
Provision for depreciation and impairment
At 01 April 2023
153,699
85,008
24,987
22,419
21,285
Charge for year
11,473
5,785
1,245
979
3,464
At 31 March 2024
165,172
90,793
26,232
23,398
24,749
At 31 March 2024
Net book value
9,890
2,936
4,977
11,743
29,546
At 31 March 2023
13,354
3,915
5,490
12,853
35,612
3. Inventories
31/3/2023
31/3/2024
£
£
Stocks
142,485
140,826
4. Trade and other receivables
31/3/2023
31/3/2024
£
£
Trade debtors
146,065
103,759
Other debtors
24,346
23,875
127,634
170,411
5. Trade and other payables: amounts falling due within one year
31/3/2023
31/3/2024
£
£
Taxation and social security
367,834
155,053
Other creditors
14,918
15,736
382,752
170,789
6. Related party transactions
During the year, the Company paid dividends of £464,000 and paid £380,000 into the directors's pension funds.
3 of 4
6
For the year ended 31 March 2024
Acutus Programme Management Limited
Notes to the Financial Statements Continued
7. Directors advances and guarantees
Control:
Mr Robert Burt, Mr Gerald McCaffrey, Mrs Karen Burt and Mrs Olu McCaffrey are the Company's controlling parties.
8. Guarantees and other financial commitments
Lease commitments
At 31 March 2024 the company had annual commitments under non-cancellable operating leases as set out below:
31/3/2023
£
31/3/2024
£
Operating leases which expire:
46,765
34,765
Within 1 year
36,000
6,495
Within 2 to 5 years
53,260
70,765
9. Average number of persons employed
During the year the average number of employees was 9 (2023 : 9)
4 of 4