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 SC120991 Mr Scott Sutherland Mr Ian Sutherland Mrs Sheila Sutherland Mr Martin Sutherland Mrs Angela Sutherland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC120991 2022-12-31 SC120991 2023-12-31 SC120991 2023-01-01 2023-12-31 SC120991 frs-core:CurrentFinancialInstruments 2023-12-31 SC120991 frs-core:Non-currentFinancialInstruments 2023-12-31 SC120991 frs-core:BetweenOneFiveYears 2023-12-31 SC120991 frs-core:ComputerEquipment 2023-12-31 SC120991 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC120991 frs-core:ComputerEquipment 2022-12-31 SC120991 frs-core:FurnitureFittings 2023-12-31 SC120991 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC120991 frs-core:FurnitureFittings 2022-12-31 SC120991 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC120991 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 SC120991 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 SC120991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC120991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC120991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC120991 frs-core:MotorVehicles 2023-12-31 SC120991 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC120991 frs-core:MotorVehicles 2022-12-31 SC120991 frs-core:PlantMachinery 2023-12-31 SC120991 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC120991 frs-core:PlantMachinery 2022-12-31 SC120991 frs-core:WithinOneYear 2023-12-31 SC120991 frs-core:ShareCapital 2023-12-31 SC120991 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC120991 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC120991 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC120991 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC120991 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC120991 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC120991 frs-bus:Director1 2023-01-01 2023-12-31 SC120991 frs-bus:Director2 2023-01-01 2023-12-31 SC120991 frs-bus:Director3 2023-01-01 2023-12-31 SC120991 frs-bus:Director4 2023-01-01 2023-12-31 SC120991 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 SC120991 frs-countries:Scotland 2023-01-01 2023-12-31 SC120991 2021-12-31 SC120991 2022-12-31 SC120991 2022-01-01 2022-12-31 SC120991 frs-core:CurrentFinancialInstruments 2022-12-31 SC120991 frs-core:Non-currentFinancialInstruments 2022-12-31 SC120991 frs-core:BetweenOneFiveYears 2022-12-31 SC120991 frs-core:WithinOneYear 2022-12-31 SC120991 frs-core:ShareCapital 2022-12-31 SC120991 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC120991
Marott Graphic Services (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Lothian Accounting Limited (SC556470)
CA
3 Priory Gate
North Berwick
EH39 4SA
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Marott Graphic Services (UK) Limited for the year ended 31 December 2023 which comprise the profit and loss account and balance sheet from the company's accounting records and from information and explanations you have given me. 
As a practising member of the Institute of Chartered Accountants of Scotland, I am subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the Board of Directors of Marott Graphic Services (UK) Limited, as a body, in accordance with the terms of my engagement letter dated 21 May 2024. My work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, I do not accept responsibility to anyone other than Marott Graphic Services (UK) Limited and its Board of Directors as a body for my work or for this report.
I have not been instructed to carry out an audit or a review of the accounts of Marott Graphic Services (UK) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the financial statements.
Signed
Michele-Ange Anderson
29/08/2024
Lothian Accounting Limited (SC556470)
CA
3 Priory Gate
North Berwick
EH39 4SA
Page 1
Page 2
Balance Sheet
Registered number: SC120991
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 520,478 530,546
520,478 530,546
CURRENT ASSETS
Stocks 4 196,878 218,606
Debtors 5 123,956 294,910
Cash at bank and in hand 846,951 596,733
1,167,785 1,110,249
Creditors: Amounts Falling Due Within One Year 6 (126,357 ) (78,982 )
NET CURRENT ASSETS (LIABILITIES) 1,041,428 1,031,267
TOTAL ASSETS LESS CURRENT LIABILITIES 1,561,906 1,561,813
Creditors: Amounts Falling Due After More Than One Year 7 (50,759 ) (10,137 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (119,323 ) (127,781 )
NET ASSETS 1,391,824 1,423,895
CAPITAL AND RESERVES
Called up share capital 9 400 400
Profit and Loss Account 1,391,424 1,423,495
SHAREHOLDERS' FUNDS 1,391,824 1,423,895
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Page 3
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 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 Scott Sutherland
Director
29/08/2024
The notes on pages 4 to 8 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
The financial statements are presented in pounds sterling which is the functional currency of the company
and rounded to the nearest £.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. 
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:
Land and Buildings 50 years straight line
Leasehold 25 years straight line
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 3 years straight line
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4. Leasing and Hire Purchase Contracts
The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis.
Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance
Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and
Loss Account as described below.
Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether
there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the
extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less
costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to
their present value using a pre-tax discount rate that reflects current market assessments of the time value of
money and the risks specific to the asset for which the estimates of future cash flows have not been
adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates
...CONTINUED
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1.4. Leasing and Hire Purchase Contracts - continued
the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is
recognised immediately in profit or loss.
1.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.
1.6. Financial Instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a
legally enforceable right to set off the recognised amounts and the company intends either to settle on a net
basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction
price.
Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received
or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the
initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as
liabilities once they are no longer at the discretion of the company.
1.7. Foreign Currencies
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.
1.8. Taxation
Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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1.9. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with
banks.
1.10. Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a
past event, it is probable that the company will be required to settle that obligation and a reliable estimate
can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the
obligation.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 9 (2022: 10)
9 10
3. Tangible Assets
Land & Property
Land and Buildings Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2023 531,826 23,524 149,988 91,238
Additions - - 1,565 72,514
Disposals - - - (70,750 )
As at 31 December 2023 531,826 23,524 151,553 93,002
Depreciation
As at 1 January 2023 133,488 255 110,264 28,965
Provided during the period 10,637 941 8,170 18,242
Disposals - - - (21,788 )
As at 31 December 2023 144,125 1,196 118,434 25,419
Net Book Value
As at 31 December 2023 387,701 22,328 33,119 67,583
As at 1 January 2023 398,338 23,269 39,724 62,273
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 61,313 38,353 896,242
Additions 1,279 3,590 78,948
Disposals (175 ) (3,009 ) (73,934 )
As at 31 December 2023 62,417 38,934 901,256
Depreciation
As at 1 January 2023 54,706 38,018 365,696
Provided during the period 1,506 343 39,839
Disposals (96 ) (2,873 ) (24,757 )
As at 31 December 2023 56,116 35,488 380,778
...CONTINUED
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Net Book Value
As at 31 December 2023 6,301 3,446 520,478
As at 1 January 2023 6,607 335 530,546
4. Stocks
2023 2022
£ £
Stock 196,878 218,606
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 103,619 102,997
Prepayments and accrued income 11,618 6,459
Other debtors 6,849 -
VAT 1,870 24,554
Directors' loan accounts - 160,900
123,956 294,910
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 11,933 3,009
Trade creditors 24,817 41,085
Corporation tax 12,886 12,060
Other taxes and social security 13,034 12,002
Other creditors 41,983 1,176
Accruals and deferred income 17,707 9,650
Directors' loan accounts 3,997 -
126,357 78,982
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 50,759 10,137
50,759 10,137
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 11,933 3,009
Between one and five years 50,759 10,137
62,692 13,146
62,692 13,146
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 400 400
10. General Information
Marott Graphic Services (UK) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC120991 . The registered office is Spott Road Industrial Estate, Dunbar, East Lothian, EH42 1RS.
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