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 SC410315 Mrs Sarah Jane Donoghue iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC410315 2022-12-31 SC410315 2023-12-31 SC410315 2023-01-01 2023-12-31 SC410315 frs-core:CurrentFinancialInstruments 2023-12-31 SC410315 frs-core:Non-currentFinancialInstruments 2023-12-31 SC410315 frs-core:ComputerEquipment 2023-12-31 SC410315 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC410315 frs-core:ComputerEquipment 2022-12-31 SC410315 frs-core:ShareCapital 2023-12-31 SC410315 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC410315 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC410315 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC410315 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC410315 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC410315 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC410315 frs-bus:Director1 2023-01-01 2023-12-31 SC410315 frs-countries:Scotland 2023-01-01 2023-12-31 SC410315 2021-12-31 SC410315 2022-12-31 SC410315 2022-01-01 2022-12-31 SC410315 frs-core:CurrentFinancialInstruments 2022-12-31 SC410315 frs-core:Non-currentFinancialInstruments 2022-12-31 SC410315 frs-core:ShareCapital 2022-12-31 SC410315 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC410315
Donoghue Payroll Services Ltd
Financial Statements
For The Year Ended 31 December 2023
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC410315
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 369
- 369
CURRENT ASSETS
Debtors 5 17,507 6,275
Cash at bank and in hand 416 5,144
17,923 11,419
Creditors: Amounts Falling Due Within One Year 6 (6,332 ) (5,243 )
NET CURRENT ASSETS (LIABILITIES) 11,591 6,176
TOTAL ASSETS LESS CURRENT LIABILITIES 11,591 6,545
Creditors: Amounts Falling Due After More Than One Year 7 (1,715 ) (2,699 )
NET ASSETS 9,876 3,846
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 9,875 3,845
SHAREHOLDERS' FUNDS 9,876 3,846
Page 1
Page 2
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 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
Mrs Sarah Jane Donoghue
Director
3rd September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Donoghue Payroll Services Ltd Registered number SC410315 is a limited by shares company incorporated in Scotland. The Registered Office is 8 Goosedubs Place, Falkirk, FK2 7GW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Computer Equipment 33% Straight Line
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 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: 1 (2022: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 1,908
As at 31 December 2023 1,908
...CONTINUED
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Page 4
Depreciation
As at 1 January 2023 1,539
Provided during the period 369
As at 31 December 2023 1,908
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 369
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 12,257 4,025
Other debtors 5,250 2,250
17,507 6,275
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 564 13
Bank loans and overdrafts 1,278 1,278
Corporation tax 4,246 3,902
Other taxes and social security 225 -
Director's loan account 19 50
6,332 5,243
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,715 2,699
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 11,700 13,000
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