Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC646995 Mr Tai Chan Mr Chiu Chow Mr Robin McGregor Mr Yves Segovia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC646995 2022-11-30 SC646995 2023-11-30 SC646995 2022-12-01 2023-11-30 SC646995 frs-core:CurrentFinancialInstruments 2023-11-30 SC646995 frs-core:ComputerEquipment 2023-11-30 SC646995 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC646995 frs-core:ComputerEquipment 2022-11-30 SC646995 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC646995 frs-core:ShareCapital 2023-11-30 SC646995 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC646995 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC646995 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC646995 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC646995 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC646995 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC646995 frs-bus:Director1 2022-12-01 2023-11-30 SC646995 frs-bus:Director2 2022-12-01 2023-11-30 SC646995 frs-bus:Director3 2022-12-01 2023-11-30 SC646995 frs-bus:Director4 2022-12-01 2023-11-30 SC646995 frs-core:CurrentFinancialInstruments 1 2023-11-30 SC646995 frs-core:CurrentFinancialInstruments 2 2023-11-30 SC646995 frs-core:CurrentFinancialInstruments 4 2023-11-30 SC646995 frs-core:CurrentFinancialInstruments 5 2023-11-30 SC646995 frs-countries:Scotland 2022-12-01 2023-11-30 SC646995 2021-11-30 SC646995 2022-11-30 SC646995 2021-12-01 2022-11-30 SC646995 frs-core:CurrentFinancialInstruments 2022-11-30 SC646995 frs-core:ShareCapital 2022-11-30 SC646995 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 SC646995 frs-core:CurrentFinancialInstruments 1 2022-11-30 SC646995 frs-core:CurrentFinancialInstruments 2 2022-11-30 SC646995 frs-core:CurrentFinancialInstruments 3 2022-11-30 SC646995 frs-core:CurrentFinancialInstruments 4 2022-11-30 SC646995 frs-core:CurrentFinancialInstruments 5 2022-11-30 SC646995 frs-core:CurrentFinancialInstruments 6 2022-11-30
Registered number: SC646995
Polydigi Tech Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Christie Griffith
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC646995
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 2,411
- 2,411
CURRENT ASSETS
Cash at bank and in hand 546 27,841
546 27,841
Creditors: Amounts Falling Due Within One Year 5 (290,724 ) (285,213 )
NET CURRENT ASSETS (LIABILITIES) (290,178 ) (257,372 )
TOTAL ASSETS LESS CURRENT LIABILITIES (290,178 ) (254,961 )
NET LIABILITIES (290,178 ) (254,961 )
CAPITAL AND RESERVES
Called up share capital 6 200 200
Profit and Loss Account (290,378 ) (255,161 )
SHAREHOLDERS' FUNDS (290,178) (254,961)
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For the year 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 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 Tai Chan
Director
22/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Polydigi Tech Limited is a private company, limited by shares, incorporated in Scotland, registered number SC646995 . The registered office is First Floor Quay 2, 139 Fountainbridge, Edinburgh, EH3 9QG.
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:
Motor Vehicles 5 years straight-line
Computer Equipment 3 years straight-line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 6)
4 6
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 10,145
Additions 133
As at 30 November 2023 10,278
Depreciation
As at 1 December 2022 7,734
Provided during the period 2,544
As at 30 November 2023 10,278
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 2,411
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) -
Other taxes and social security - 5,011
VAT - 7,509
Other creditors 22,835 -
Director Loan - T Chan 161,695 157,970
Director Loan - A Chow 65,153 63,706
Director Loan - M Ohashi - 22,835
Director Loan - Y Segovia 14,774 15,819
Director Loan - R McGregor 13,832 13,112
Sarah Segovia - (2,000 )
Accruals and deferred income 12,436 1,251
290,724 285,213
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
7. Post Balance Sheet Events
Following a review of the likely licensing opportunities for the patent applications that the Company has lodged, it has been decided to allow these to lapse.  The costs associated with these patents were not capitalised, therefore, there will be no adjustment required to the Company's financial statements. 
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