Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 August 2021 false 1 January 2023 31 December 2023 31 December 2023 SC427424 Mrs Diane Mathison Miss Nicola Stephenson Ms Judith Kendall Diane Mathison true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC427424 2022-12-31 SC427424 2023-12-31 SC427424 2023-01-01 2023-12-31 SC427424 frs-core:CurrentFinancialInstruments 2023-12-31 SC427424 frs-core:Non-currentFinancialInstruments 2023-12-31 SC427424 frs-core:NetGoodwill 2023-12-31 SC427424 frs-core:NetGoodwill 2023-01-01 2023-12-31 SC427424 frs-core:NetGoodwill 2022-12-31 SC427424 frs-core:LandBuildings 2023-12-31 SC427424 frs-core:LandBuildings 2023-01-01 2023-12-31 SC427424 frs-core:LandBuildings 2022-12-31 SC427424 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 SC427424 frs-core:PlantMachinery 2023-12-31 SC427424 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC427424 frs-core:PlantMachinery 2022-12-31 SC427424 frs-core:ShareCapital 2023-12-31 SC427424 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC427424 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC427424 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC427424 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC427424 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC427424 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC427424 1 2023-01-01 2023-12-31 SC427424 frs-bus:Director1 2023-01-01 2023-12-31 SC427424 frs-bus:Director1 2022-12-31 SC427424 frs-bus:Director1 2023-12-31 SC427424 frs-bus:Director2 2023-01-01 2023-12-31 SC427424 frs-bus:Director2 2022-12-31 SC427424 frs-bus:Director2 2023-12-31 SC427424 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 SC427424 frs-countries:Scotland 2023-01-01 2023-12-31 SC427424 2021-07-31 SC427424 2022-12-31 SC427424 2021-08-01 2022-12-31 SC427424 frs-core:CurrentFinancialInstruments 2022-12-31 SC427424 frs-core:Non-currentFinancialInstruments 2022-12-31 SC427424 frs-core:ShareCapital 2022-12-31 SC427424 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC427424
Zoolab Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC427424
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 54,000 63,000
Tangible Assets 5 64,324 63,908
118,324 126,908
CURRENT ASSETS
Debtors 6 191,834 168,757
Cash at bank and in hand 64,550 98,485
256,384 267,242
Creditors: Amounts Falling Due Within One Year 7 (225,058 ) (302,120 )
NET CURRENT ASSETS (LIABILITIES) 31,326 (34,878 )
TOTAL ASSETS LESS CURRENT LIABILITIES 149,650 92,030
Creditors: Amounts Falling Due After More Than One Year 8 (13,490 ) (36,230 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,234 ) (1,143 )
NET ASSETS 134,926 54,657
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 133,926 53,657
SHAREHOLDERS' FUNDS 134,926 54,657
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 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
Mrs Diane Mathison
Director
19/08/2024
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
Zoolab Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC427424 . The registered office is 3 Garnhall Farm Road, Cumbernauld, Glasgow, North Lanarkshire, G68 0HA.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 10 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:
Leasehold 20% straight line
Plant & Machinery 25% straight line
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2022: 22)
35 22
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 90,000
As at 31 December 2023 90,000
Amortisation
As at 1 January 2023 27,000
Provided during the period 9,000
As at 31 December 2023 36,000
Net Book Value
As at 31 December 2023 54,000
As at 1 January 2023 63,000
Page 3
Page 4
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2023 72,539 8,090 80,629
Additions 16,966 3,299 20,265
As at 31 December 2023 89,505 11,389 100,894
Depreciation
As at 1 January 2023 14,650 2,071 16,721
Provided during the period 17,026 2,823 19,849
As at 31 December 2023 31,676 4,894 36,570
Net Book Value
As at 31 December 2023 57,829 6,495 64,324
As at 1 January 2023 57,889 6,019 63,908
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 68,218 96,969
Other debtors 123,616 71,788
191,834 168,757
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 2,728 16,602
Bank loans and overdrafts 31,800 31,800
Other creditors 81,337 92,531
Taxation and social security 109,193 161,187
225,058 302,120
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 13,490 36,230
Page 4
Page 5
9. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mrs Diane Mathison 42,633 38,009 4,009 - 76,633
Miss Nicola Stephenson - 3,745 1,715 - 2,030
The above loan is repayable on demand and interest is charged at 2.25%.
11. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
12. Ultimate Controlling Party
The company's ultimate controlling party is Diane Mathison by virtue of her ownership of 100% of the issued share capital in the company.
Page 5