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 SC468903 Mr Imran Hussein Mr Imran Hussein iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC468903 2022-12-31 SC468903 2023-12-31 SC468903 2023-01-01 2023-12-31 SC468903 frs-core:CurrentFinancialInstruments 2023-12-31 SC468903 frs-core:ComputerEquipment 2023-12-31 SC468903 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC468903 frs-core:ComputerEquipment 2022-12-31 SC468903 frs-core:FurnitureFittings 2023-12-31 SC468903 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC468903 frs-core:FurnitureFittings 2022-12-31 SC468903 frs-core:NetGoodwill 2023-12-31 SC468903 frs-core:NetGoodwill 2023-01-01 2023-12-31 SC468903 frs-core:NetGoodwill 2022-12-31 SC468903 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 SC468903 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 SC468903 frs-core:MotorVehicles 2023-12-31 SC468903 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC468903 frs-core:MotorVehicles 2022-12-31 SC468903 frs-core:ShareCapital 2023-12-31 SC468903 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC468903 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC468903 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC468903 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC468903 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC468903 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC468903 frs-bus:Director1 2023-01-01 2023-12-31 SC468903 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 SC468903 frs-countries:Scotland 2023-01-01 2023-12-31 SC468903 2021-12-31 SC468903 2022-12-31 SC468903 2022-01-01 2022-12-31 SC468903 frs-core:CurrentFinancialInstruments 2022-12-31 SC468903 frs-core:ShareCapital 2022-12-31 SC468903 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC468903
Saverschoice UK Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC468903
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,000 10,000
Tangible Assets 5 558,125 430,533
568,125 440,533
CURRENT ASSETS
Stocks 6 278,096 202,019
Debtors 7 42,714 26,507
Cash at bank and in hand 142,872 71,030
463,682 299,556
Creditors: Amounts Falling Due Within One Year 8 (169,310 ) (107,938 )
NET CURRENT ASSETS (LIABILITIES) 294,372 191,618
TOTAL ASSETS LESS CURRENT LIABILITIES 862,497 632,151
NET ASSETS 862,497 632,151
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 862,397 632,051
SHAREHOLDERS' FUNDS 862,497 632,151
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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 his 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 Imran Hussein
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Saverschoice UK Limited is a private company, limited by shares, incorporated in Scotland, registered number SC468903 . The registered office is Block 4 Nobel Road, West Gourdie Industrial Estate, Dundee, DD2 4UH.
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. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is stated at cost.
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:
Motor Vehicles 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 25% straight line
2.5. Investment Properties
Investment properties are stated at cost. In the opinion of the director, there is no material difference between cost and fair value.
2.6. 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.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.

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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 10,000
As at 31 December 2023 10,000
Net Book Value
As at 31 December 2023 10,000
As at 1 January 2023 10,000
5. Tangible Assets
Investment Properties Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 424,928 1,500 6,830 1,495 434,753
Additions 128,650 - - - 128,650
As at 31 December 2023 553,578 1,500 6,830 1,495 563,403
Depreciation
As at 1 January 2023 - 375 2,491 1,354 4,220
Provided during the period - 375 683 - 1,058
As at 31 December 2023 - 750 3,174 1,354 5,278
Net Book Value
As at 31 December 2023 553,578 750 3,656 141 558,125
As at 1 January 2023 424,928 1,125 4,339 141 430,533
6. Stocks
2023 2022
£ £
Finished goods 278,096 202,019
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 37,464 15,413
Other debtors 5,250 11,094
42,714 26,507
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 73,585 54,763
Other creditors 13,136 14,644
Taxation and social security 82,589 38,531
169,310 107,938
At the year end, £3,584 (2022 - £4,244) is due to the director and is shown within creditors due within one year.
There are no fixed repayment terms for the director's current account, and no interest is paid on the outstanding amounts.
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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