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 SC279451 Mr William Burns Mrs Christine Burns Miss Elaine Burns Mrs Christine Burns iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC279451 2022-11-30 SC279451 2023-11-30 SC279451 2022-12-01 2023-11-30 SC279451 frs-core:CurrentFinancialInstruments 2023-11-30 SC279451 frs-core:Non-currentFinancialInstruments 2023-11-30 SC279451 frs-core:BetweenOneFiveYears 2023-11-30 SC279451 frs-core:ComputerEquipment 2023-11-30 SC279451 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC279451 frs-core:ComputerEquipment 2022-11-30 SC279451 frs-core:FurnitureFittings 2023-11-30 SC279451 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC279451 frs-core:FurnitureFittings 2022-11-30 SC279451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC279451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC279451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 SC279451 frs-core:MotorVehicles 2023-11-30 SC279451 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC279451 frs-core:MotorVehicles 2022-11-30 SC279451 frs-core:PlantMachinery 2023-11-30 SC279451 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC279451 frs-core:PlantMachinery 2022-11-30 SC279451 frs-core:WithinOneYear 2023-11-30 SC279451 frs-core:ShareCapital 2023-11-30 SC279451 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC279451 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC279451 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC279451 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC279451 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC279451 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC279451 frs-bus:Director1 2022-12-01 2023-11-30 SC279451 frs-bus:Director2 2022-12-01 2023-11-30 SC279451 frs-bus:Director3 2022-12-01 2023-11-30 SC279451 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 SC279451 frs-countries:Scotland 2022-12-01 2023-11-30 SC279451 2021-11-30 SC279451 2022-11-30 SC279451 2021-12-01 2022-11-30 SC279451 frs-core:CurrentFinancialInstruments 2022-11-30 SC279451 frs-core:Non-currentFinancialInstruments 2022-11-30 SC279451 frs-core:BetweenOneFiveYears 2022-11-30 SC279451 frs-core:WithinOneYear 2022-11-30 SC279451 frs-core:ShareCapital 2022-11-30 SC279451 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC279451
SBS (Ayrshire) Ltd.
Financial Statements
For The Year Ended 30 November 2023
Pacitti Hamilton Ltd
Chartered Accountants
Unit 4 Sir James Clark Building
Abbey Mill Business Centre
Paisley
PA1 1TJ
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC279451
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 251,264 108,171
251,264 108,171
CURRENT ASSETS
Stocks 5 35,000 25,000
Debtors 6 824,937 87,516
Cash at bank and in hand 508,814 378,570
1,368,751 491,086
Creditors: Amounts Falling Due Within One Year 7 (788,675 ) (316,704 )
NET CURRENT ASSETS (LIABILITIES) 580,076 174,382
TOTAL ASSETS LESS CURRENT LIABILITIES 831,340 282,553
Creditors: Amounts Falling Due After More Than One Year 8 (150,206 ) (652 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,886 ) (13,806 )
NET ASSETS 651,248 268,095
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Profit and Loss Account 641,248 258,095
SHAREHOLDERS' FUNDS 651,248 268,095
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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
Miss Elaine Burns
Director
30th 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
SBS (Ayrshire) Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC279451 . The registered office is Studio 4, Ground Floor Sir James Clark Building, Abbey Mill Business Centre, Paisley, Renfrewshire, PA1 1TJ.
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:
Freehold nil/5% straight line
Plant & Machinery 10% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. 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.
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: 7 (2022: 6)
7 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2022 53,731 111,460 40,295 2,111
Additions 73,009 4,000 89,944 -
Disposals - - (21,400 ) -
As at 30 November 2023 126,740 115,460 108,839 2,111
Depreciation
As at 1 December 2022 8,633 68,135 22,240 418
Provided during the period 2,687 4,533 16,129 339
Disposals - - (16,445 ) -
As at 30 November 2023 11,320 72,668 21,924 757
Net Book Value
As at 30 November 2023 115,420 42,792 86,915 1,354
As at 1 December 2022 45,098 43,325 18,055 1,693
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Computer Equipment Total
£ £
Cost
As at 1 December 2022 - 207,597
Additions 5,218 172,171
Disposals - (21,400 )
As at 30 November 2023 5,218 358,368
Depreciation
As at 1 December 2022 - 99,426
Provided during the period 435 24,123
Disposals - (16,445 )
As at 30 November 2023 435 107,104
Net Book Value
As at 30 November 2023 4,783 251,264
As at 1 December 2022 - 108,171
5. Stocks
2023 2022
£ £
Materials 35,000 25,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 824,937 87,516
824,937 87,516
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 19,051 1,564
Trade creditors 34,980 26,000
Bank loans and overdrafts 40,000 27,632
Other creditors 508,086 134,839
Taxation and social security 186,558 126,669
788,675 316,704
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 43,539 652
Bank loans 106,667 -
150,206 652
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9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,051 1,564
Later than one year and not later than five years 43,539 652
62,590 2,216
62,590 2,216
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
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