Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 SC598078 Ms P MacDonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC598078 2022-08-31 SC598078 2023-08-31 SC598078 2022-09-01 2023-08-31 SC598078 frs-core:CurrentFinancialInstruments 2023-08-31 SC598078 frs-core:Non-currentFinancialInstruments 2023-08-31 SC598078 frs-core:ComputerEquipment 2023-08-31 SC598078 frs-core:ComputerEquipment 2022-09-01 2023-08-31 SC598078 frs-core:ComputerEquipment 2022-08-31 SC598078 frs-core:FurnitureFittings 2023-08-31 SC598078 frs-core:FurnitureFittings 2022-09-01 2023-08-31 SC598078 frs-core:FurnitureFittings 2022-08-31 SC598078 frs-core:NetGoodwill 2023-08-31 SC598078 frs-core:NetGoodwill 2022-09-01 2023-08-31 SC598078 frs-core:NetGoodwill 2022-08-31 SC598078 frs-core:ShareCapital 2023-08-31 SC598078 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC598078 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 SC598078 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 SC598078 frs-bus:SmallEntities 2022-09-01 2023-08-31 SC598078 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 SC598078 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SC598078 frs-bus:Director1 2022-09-01 2023-08-31 SC598078 frs-countries:Scotland 2022-09-01 2023-08-31 SC598078 2021-08-31 SC598078 2022-08-31 SC598078 2021-09-01 2022-08-31 SC598078 frs-core:CurrentFinancialInstruments 2022-08-31 SC598078 frs-core:Non-currentFinancialInstruments 2022-08-31 SC598078 frs-core:ShareCapital 2022-08-31 SC598078 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: SC598078
MacDonald Accountancy Services Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
MacDonald Accountancy Services Limited
6-10 Glasgow Road
Bathgate
West Lothian
EH48 2AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC598078
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,283 21,414
Tangible Assets 5 1,318 945
16,601 22,359
CURRENT ASSETS
Debtors 6 17,043 15,542
Cash at bank and in hand 6,671 17,715
23,714 33,257
Creditors: Amounts Falling Due Within One Year 7 (20,912 ) (19,353 )
NET CURRENT ASSETS (LIABILITIES) 2,802 13,904
TOTAL ASSETS LESS CURRENT LIABILITIES 19,403 36,263
Creditors: Amounts Falling Due After More Than One Year 8 (12,721 ) (30,220 )
NET ASSETS 6,682 6,043
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 6,672 6,033
SHAREHOLDERS' FUNDS 6,682 6,043
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms P MacDonald
Director
31/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MacDonald Accountancy Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC598078 . The registered office is 6-10 Glasgow Road, Bathgate, West Lothian, EH48 2AA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Fixtures & Fittings 20% on cost
Computer Equipment 33.3% on cost
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was 3 (2022: 2)
3 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2022 42,094
As at 31 August 2023 42,094
Amortisation
As at 1 September 2022 20,680
Provided during the period 6,131
As at 31 August 2023 26,811
Net Book Value
As at 31 August 2023 15,283
As at 1 September 2022 21,414
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2022 1,967 1,834 3,801
Additions - 1,414 1,414
As at 31 August 2023 1,967 3,248 5,215
Depreciation
As at 1 September 2022 1,418 1,438 2,856
Provided during the period 394 647 1,041
As at 31 August 2023 1,812 2,085 3,897
Net Book Value
As at 31 August 2023 155 1,163 1,318
As at 1 September 2022 549 396 945
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16,179 14,942
Other debtors 864 600
17,043 15,542
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 1
Bank loans and overdrafts 1,490 1,490
Corporation tax 6,518 4,607
Other taxes and social security 5 281
Accruals and deferred income 12,898 12,974
20,912 19,353
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,748 7,876
Directors loan account 5,973 22,344
12,721 30,220
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
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