Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC401440 Mr Khalid Parvaiz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC401440 2022-12-31 SC401440 2023-12-31 SC401440 2023-01-01 2023-12-31 SC401440 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC401440 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 SC401440 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC401440 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC401440 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC401440 frs-core:ShareCapital 2023-12-31 SC401440 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC401440 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC401440 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 SC401440 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC401440 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC401440 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC401440 frs-bus:Director1 2023-01-01 2023-12-31 SC401440 frs-countries:Scotland 2023-01-01 2023-12-31 SC401440 2021-12-31 SC401440 2022-12-31 SC401440 2022-01-01 2022-12-31 SC401440 frs-core:ShareCapital 2022-12-31 SC401440 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC401440
Clydeholm UK Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: SC401440
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,706,681 3,075,728
3,706,681 3,075,728
CURRENT ASSETS
Debtors 2,780 68,201
Cash at bank and in hand 191,177 164,130
193,957 232,331
Creditors: Amounts Falling Due Within One Year (1,599,448 ) (1,341,175 )
NET CURRENT ASSETS (LIABILITIES) (1,405,491 ) (1,108,844 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,301,190 1,966,884
NET ASSETS 2,301,190 1,966,884
CAPITAL AND RESERVES
Called up share capital 5 245,000 245,000
Profit and Loss Account 2,056,190 1,721,884
SHAREHOLDERS' FUNDS 2,301,190 1,966,884
Page 1
Page 2
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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Khalid Parvaiz
Director
9 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Clydeholm UK Limited is a private company, limited by shares, incorporated in Scotland, registered number SC401440 . The registered office is 716 Dumbarton Road, Partick, Glasgow, G11 6RB.
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. 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
Leasehold 2% straight line
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
Computer Equipment 33.33% straight line
2.3. 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: 1 (2022: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 3,459,154
Additions 713,628
As at 31 December 2023 4,172,782
Depreciation
As at 1 January 2023 383,426
Provided during the period 82,675
As at 31 December 2023 466,101
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 3,706,681
As at 1 January 2023 3,075,728
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 245,000 245,000
Page 4