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 SC367855 Mr R C Forfar Mrs C Forfar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC367855 2022-11-30 SC367855 2023-11-30 SC367855 2022-12-01 2023-11-30 SC367855 frs-core:CurrentFinancialInstruments 2023-11-30 SC367855 frs-core:Non-currentFinancialInstruments 2023-11-30 SC367855 frs-core:ComputerEquipment 2023-11-30 SC367855 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC367855 frs-core:ComputerEquipment 2022-11-30 SC367855 frs-core:FurnitureFittings 2023-11-30 SC367855 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC367855 frs-core:FurnitureFittings 2022-11-30 SC367855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC367855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC367855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 SC367855 frs-core:MotorVehicles 2023-11-30 SC367855 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC367855 frs-core:MotorVehicles 2022-11-30 SC367855 frs-core:ShareCapital 2023-11-30 SC367855 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC367855 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC367855 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC367855 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC367855 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC367855 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC367855 frs-bus:Director1 2022-12-01 2023-11-30 SC367855 frs-bus:Director1 2022-11-30 SC367855 frs-bus:Director1 2023-11-30 SC367855 frs-bus:Director2 2022-12-01 2023-11-30 SC367855 frs-bus:Director2 2022-11-30 SC367855 frs-bus:Director2 2023-11-30 SC367855 frs-countries:Scotland 2022-12-01 2023-11-30 SC367855 2021-11-30 SC367855 2022-11-30 SC367855 2021-12-01 2022-11-30 SC367855 frs-core:CurrentFinancialInstruments 2022-11-30 SC367855 frs-core:Non-currentFinancialInstruments 2022-11-30 SC367855 frs-core:ShareCapital 2022-11-30 SC367855 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC367855
Aquarius Contact Centres Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC367855
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 284,891 306,525
284,891 306,525
CURRENT ASSETS
Debtors 5 50,310 21,593
Cash at bank and in hand 69,766 67,005
120,076 88,598
Creditors: Amounts Falling Due Within One Year 6 (175,867 ) (47,268 )
NET CURRENT ASSETS (LIABILITIES) (55,791 ) 41,330
TOTAL ASSETS LESS CURRENT LIABILITIES 229,100 347,855
Creditors: Amounts Falling Due After More Than One Year 7 (92,441 ) (121,670 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,720 ) (20,948 )
NET ASSETS 116,939 205,237
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 116,839 205,137
SHAREHOLDERS' FUNDS 116,939 205,237
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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 R C Forfar
Director
23 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aquarius Contact Centres Limited is a private company, limited by shares, incorporated in Scotland, registered number SC367855 . The registered office is Unit 1 Ground Floor Kingseat Road, Halbeath, Dunfermline, KY11 8RY.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Freehold Straight line over 50 years
Motor Vehicles 25% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. 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 years 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.
...CONTINUED
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2.4. Taxation - continued
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 assets reflect 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: 35 (2022: 17)
35 17
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 213,132 15,000 203,356 20,356 451,844
Additions - - 11,192 12,418 23,610
Disposals - (15,000 ) - (1,275 ) (16,275 )
As at 30 November 2023 213,132 - 214,548 31,499 459,179
Depreciation
As at 1 December 2022 16,857 15,000 106,897 6,565 145,319
Provided during the period 14,677 - 23,709 5,765 44,151
Disposals - (15,000 ) - (182 ) (15,182 )
As at 30 November 2023 31,534 - 130,606 12,148 174,288
Net Book Value
As at 30 November 2023 181,598 - 83,942 19,351 284,891
As at 1 December 2022 196,275 - 96,459 13,791 306,525
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 35,775 5,648
Prepayments and accrued income 276 259
Wages payable - 19
Directors' loan accounts 14,259 15,667
50,310 21,593
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 42,306 21,326
Bank loans and overdrafts 27,197 14,648
Corporation tax 4,732 -
Other taxes and social security 16,472 2,821
VAT 53,318 3,593
Other creditors 9,122 3,780
Accruals and deferred income 22,720 1,100
175,867 47,268
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 92,441 121,670
92,441 121,670
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Roderick Forfar 9,776 32,505 (31,028 ) - 11,253
Mrs Carol Forfar 5,890 8,715 - - 14,605
The above loan is unsecured, interest free and repayable on demand.
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