Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC412685 Dr Alexander McCall-Smith Dr Elizabeth McCall-Smith Dr Alexander McCall-Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC412685 2023-03-31 SC412685 2024-03-31 SC412685 2023-04-01 2024-03-31 SC412685 frs-core:CurrentFinancialInstruments 2024-03-31 SC412685 frs-core:ShareCapital 2024-03-31 SC412685 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC412685 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC412685 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC412685 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC412685 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC412685 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC412685 frs-bus:Director1 2023-04-01 2024-03-31 SC412685 frs-bus:Director1 2023-03-31 SC412685 frs-bus:Director1 2024-03-31 SC412685 frs-bus:Director2 2023-04-01 2024-03-31 SC412685 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC412685 frs-countries:Scotland 2023-04-01 2024-03-31 SC412685 2022-03-31 SC412685 2023-03-31 SC412685 2022-04-01 2023-03-31 SC412685 frs-core:CurrentFinancialInstruments 2023-03-31 SC412685 frs-core:ShareCapital 2023-03-31 SC412685 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC412685
Alexander McCall-Smith Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Akkounted Limited
47 Fergusson Road
Dunfermline
Fife
KY11 8NA
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: SC412685
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 104 -
Cash at bank and in hand 61,100 94,480
61,204 94,480
Creditors: Amounts Falling Due Within One Year 5 (4,168 ) (7,347 )
NET CURRENT ASSETS (LIABILITIES) 57,036 87,133
TOTAL ASSETS LESS CURRENT LIABILITIES 57,036 87,133
NET ASSETS 57,036 87,133
CAPITAL AND RESERVES
Called up share capital 6 105 105
Income Statement 56,931 87,028
SHAREHOLDERS' FUNDS 57,036 87,133
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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 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 Income Statement.
On behalf of the board
Dr Alexander McCall-Smith
Director
31/05/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Alexander McCall-Smith Limited is a private company, limited by shares, incorporated in Scotland, registered number SC412685 . The registered office is 16 Napier Road, Edinburgh, EH10 5AY.
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.
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: 2 (2023: 2)
2 2
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4. Debtors
2024 2023
£ £
Due within one year
VAT 104 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 16 3,166
VAT - 143
Accruals and deferred income 2,364 2,250
Directors' loan accounts 1,788 1,788
4,168 7,347
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 105 105
All shares rank pari passu with the exception to dividend rights. Dividends may be paid to one or more classes of shares to the exclusion of others or at the same or differring rates.
7. Directors Advances, Credits and Guarantees
Included within creditors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Dr Alexander McCall-Smith 1,788 - - - -
The above loan is unsecured, interest free and repayable on demand.
8. Related Party Transactions
The company has taken advantage of Section 1AC35 of FRS 102 whereby only material transactions which are not under the normal market conditions need to be disclosed.


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