Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC417116 Mrs Carolann Smillie Mr Gary Smillie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC417116 2023-02-28 SC417116 2024-02-29 SC417116 2023-03-01 2024-02-29 SC417116 frs-core:CurrentFinancialInstruments 2024-02-29 SC417116 frs-core:Non-currentFinancialInstruments 2024-02-29 SC417116 frs-core:BetweenOneFiveYears 2024-02-29 SC417116 frs-core:ComputerEquipment 2024-02-29 SC417116 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC417116 frs-core:ComputerEquipment 2023-02-28 SC417116 frs-core:FurnitureFittings 2024-02-29 SC417116 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC417116 frs-core:FurnitureFittings 2023-02-28 SC417116 frs-core:MotorVehicles 2024-02-29 SC417116 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC417116 frs-core:MotorVehicles 2023-02-28 SC417116 frs-core:PlantMachinery 2024-02-29 SC417116 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC417116 frs-core:PlantMachinery 2023-02-28 SC417116 frs-core:WithinOneYear 2024-02-29 SC417116 frs-core:ShareCapital 2024-02-29 SC417116 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC417116 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC417116 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC417116 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC417116 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC417116 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC417116 frs-bus:Director1 2023-03-01 2024-02-29 SC417116 frs-bus:Director2 2023-03-01 2024-02-29 SC417116 frs-core:CurrentFinancialInstruments 1 2024-02-29 SC417116 frs-countries:Scotland 2023-03-01 2024-02-29 SC417116 2022-02-28 SC417116 2023-02-28 SC417116 2022-03-01 2023-02-28 SC417116 frs-core:CurrentFinancialInstruments 2023-02-28 SC417116 frs-core:Non-currentFinancialInstruments 2023-02-28 SC417116 frs-core:BetweenOneFiveYears 2023-02-28 SC417116 frs-core:WithinOneYear 2023-02-28 SC417116 frs-core:ShareCapital 2023-02-28 SC417116 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC417116 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: SC417116
Cube Digital (Scotland) Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Cairns Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC417116
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 132,394 169,894
132,394 169,894
CURRENT ASSETS
Stocks 5 25,000 20,000
Debtors 6 118,520 130,832
Cash at bank and in hand 156,681 101,863
300,201 252,695
Creditors: Amounts Falling Due Within One Year 7 (194,244 ) (175,982 )
NET CURRENT ASSETS (LIABILITIES) 105,957 76,713
TOTAL ASSETS LESS CURRENT LIABILITIES 238,351 246,607
Creditors: Amounts Falling Due After More Than One Year 8 (90,687 ) (115,246 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,749 ) (17,133 )
NET ASSETS 131,915 114,228
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 131,815 114,128
SHAREHOLDERS' FUNDS 131,915 114,228
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For the year ending 29 February 2024 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 Carolann Smillie
Director
Mr Gary Smillie
Director
07/05/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cube Digital (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC417116 . The registered office is Argyle Crescent, Hillhouse Industrial Estate, Hamilton, ML3 9BQ.
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. 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 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 3 years straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 13)
15 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 59,677 169,333 8,045 22,018 259,073
Additions 2,210 - 2,949 16,448 21,607
Disposals - (34,500 ) (2,294 ) - (36,794 )
As at 29 February 2024 61,887 134,833 8,700 38,466 243,886
Depreciation
As at 1 March 2023 22,295 48,727 1,741 16,416 89,179
Provided during the period 5,862 22,336 978 8,137 37,313
Disposals - (14,240 ) (760 ) - (15,000 )
As at 29 February 2024 28,157 56,823 1,959 24,553 111,492
Net Book Value
As at 29 February 2024 33,730 78,010 6,741 13,913 132,394
As at 1 March 2023 37,382 120,606 6,304 5,602 169,894
5. Stocks
2024 2023
£ £
Materials 25,000 20,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 118,520 130,832
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,013 26,465
Trade creditors 82,345 65,999
Bank loans and overdrafts 10,887 12,276
Corporation tax 34,081 16,571
Other taxes and social security 7,108 10,126
VAT 44,455 42,996
Pension creditor 1,303 1,418
Directors' loan accounts 52 131
194,244 175,982
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 78,187 92,249
Bank loans 12,500 22,997
90,687 115,246
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,013 26,465
Later than one year and not later than five years 78,187 92,249
92,200 118,714
92,200 118,714
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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