Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC403431 Miss Kerry Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC403431 2023-03-31 SC403431 2024-03-31 SC403431 2023-04-01 2024-03-31 SC403431 frs-core:CurrentFinancialInstruments 2024-03-31 SC403431 frs-core:Non-currentFinancialInstruments 2024-03-31 SC403431 frs-core:ComputerEquipment 2024-03-31 SC403431 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC403431 frs-core:ComputerEquipment 2023-03-31 SC403431 frs-core:FurnitureFittings 2024-03-31 SC403431 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC403431 frs-core:FurnitureFittings 2023-03-31 SC403431 frs-core:NetGoodwill 2024-03-31 SC403431 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC403431 frs-core:NetGoodwill 2023-03-31 SC403431 frs-core:PlantMachinery 2024-03-31 SC403431 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC403431 frs-core:PlantMachinery 2023-03-31 SC403431 frs-core:ShareCapital 2024-03-31 SC403431 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC403431 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC403431 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC403431 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC403431 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC403431 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC403431 frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC403431 frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC403431 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC403431 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC403431 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC403431 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC403431 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC403431 frs-bus:Director1 2023-04-01 2024-03-31 SC403431 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC403431 frs-core:Non-currentFinancialInstruments 1 2024-03-31 SC403431 frs-countries:Scotland 2023-04-01 2024-03-31 SC403431 2022-03-31 SC403431 2023-03-31 SC403431 2022-04-01 2023-03-31 SC403431 frs-core:CurrentFinancialInstruments 2023-03-31 SC403431 frs-core:Non-currentFinancialInstruments 2023-03-31 SC403431 frs-core:ShareCapital 2023-03-31 SC403431 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC403431 frs-core:CurrentFinancialInstruments 1 2023-03-31 SC403431 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: SC403431
Kerry Smith Architects Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2024
Accountants Scotland Ltd
Chartered & Certified Accountants
The Old City Club
6 Southesk Street
Brechin
DD9 6DY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC403431
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,102 6,200
Investments 6 12,950 50,450
17,052 56,650
CURRENT ASSETS
Stocks 7 18,565 2,360
Debtors 8 17,352 8,374
Cash at bank and in hand 22,392 14,385
58,309 25,119
Creditors: Amounts Falling Due Within One Year 9 (39,348 ) (24,450 )
NET CURRENT ASSETS (LIABILITIES) 18,961 669
TOTAL ASSETS LESS CURRENT LIABILITIES 36,013 57,319
Creditors: Amounts Falling Due After More Than One Year 10 - (35,980 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,205 ) (1,205 )
NET ASSETS 34,808 20,134
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 34,807 20,133
SHAREHOLDERS' FUNDS 34,808 20,134
Page 1
Page 2
For the year ending 31 March 2024 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
Miss Kerry Smith
Director
7th May 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
Kerry Smith Architects Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC403431 . The registered office is 4 John Street, Montrose, DD10 8LY.
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:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 5,000
As at 31 March 2024 5,000
Amortisation
As at 1 April 2023 5,000
As at 31 March 2024 5,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 2,399 5,453 18,114 25,966
Additions - - 1,041 1,041
As at 31 March 2024 2,399 5,453 19,155 27,007
Depreciation
As at 1 April 2023 2,266 4,003 13,497 19,766
Provided during the period 34 362 2,743 3,139
As at 31 March 2024 2,300 4,365 16,240 22,905
Net Book Value
As at 31 March 2024 99 1,088 2,915 4,102
As at 1 April 2023 133 1,450 4,617 6,200
6. Investments
Unlisted
£
Cost
As at 1 April 2023 50,450
Disposals (37,500 )
As at 31 March 2024 12,950
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 12,950
As at 1 April 2023 50,450
Page 4
Page 5
7. Stocks
2024 2023
£ £
Work in progress 18,565 2,360
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,352 8,374
17,352 8,374
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,684 40
Other taxes and social security 2,902 3,315
VAT 10,383 8,396
Other creditors 212 -
Other creditors - pension 1,483 -
Accruals and deferred income 3,174 3,176
Director's loan account 11,510 9,523
39,348 24,450
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - Bounce back loan - 35,980
- 35,980
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5