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 SC369817 Mr Daniel MacAskill Mrs Anne MacAskill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC369817 2022-12-31 SC369817 2023-12-31 SC369817 2023-01-01 2023-12-31 SC369817 frs-core:CurrentFinancialInstruments 2023-12-31 SC369817 frs-core:Non-currentFinancialInstruments 2023-12-31 SC369817 frs-core:ComputerEquipment 2023-12-31 SC369817 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC369817 frs-core:ComputerEquipment 2022-12-31 SC369817 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC369817 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC369817 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC369817 frs-core:MotorVehicles 2023-12-31 SC369817 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC369817 frs-core:MotorVehicles 2022-12-31 SC369817 frs-core:PlantMachinery 2023-12-31 SC369817 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC369817 frs-core:PlantMachinery 2022-12-31 SC369817 frs-core:ShareCapital 2023-12-31 SC369817 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC369817 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC369817 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC369817 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC369817 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC369817 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC369817 frs-bus:Director1 2023-01-01 2023-12-31 SC369817 frs-bus:Director2 2023-01-01 2023-12-31 SC369817 frs-bus:Director2 2022-12-31 SC369817 frs-bus:Director2 2023-12-31 SC369817 frs-core:CurrentFinancialInstruments 2 2023-12-31 SC369817 frs-countries:Scotland 2023-01-01 2023-12-31 SC369817 2021-12-31 SC369817 2022-12-31 SC369817 2022-01-01 2022-12-31 SC369817 frs-core:CurrentFinancialInstruments 2022-12-31 SC369817 frs-core:Non-currentFinancialInstruments 2022-12-31 SC369817 frs-core:ShareCapital 2022-12-31 SC369817 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 SC369817 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: SC369817
DMAC 24 Limited
Financial Statements
For The Year Ended 31 December 2023
Lsd Accountants Ltd
Chartered Accountants
23 Stockwood Business Park
Redditch
Worcestershire
B96 6SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC369817
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 404,927 30,309
404,927 30,309
CURRENT ASSETS
Debtors 5 1,759,389 1,042,090
Cash at bank and in hand 2,533,112 3,315,077
4,292,501 4,357,167
Creditors: Amounts Falling Due Within One Year 6 (377,259 ) (301,765 )
NET CURRENT ASSETS (LIABILITIES) 3,915,242 4,055,402
TOTAL ASSETS LESS CURRENT LIABILITIES 4,320,169 4,085,711
NET ASSETS 4,320,169 4,085,711
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 4,320,069 4,085,611
SHAREHOLDERS' FUNDS 4,320,169 4,085,711
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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 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 Anne MacAskill
Director
05/09/2024
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
DMAC 24 Limited is a private company, limited by shares, incorporated in Scotland, registered number SC369817 . The registered office is Tigh-na-Bruaich, Dunvegan, Isle of Skye, IV55 8WA.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Freehold 2% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
Freehold property is shown at the most recent valuation. Any aggregate or deficit arising from chnages in fair value is recognised under movement to fair value reserve.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 - 94,217 81,480 5,898 181,595
Additions 367,304 893 25,279 - 393,476
As at 31 December 2023 367,304 95,110 106,759 5,898 575,071
Depreciation
As at 1 January 2023 - 75,261 74,073 1,952 151,286
Provided during the period 1,633 11,578 4,660 987 18,858
As at 31 December 2023 1,633 86,839 78,733 2,939 170,144
Net Book Value
As at 31 December 2023 365,671 8,271 28,026 2,959 404,927
As at 1 January 2023 - 18,956 7,407 3,946 30,309
Cost or valuation as at 31 December 2023 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
At cost 367,304 95,110 106,759 5,898 575,071
367,304 95,110 106,759 5,898 575,071
Valuation 2023: £367,304
Freehold property was revalued by directors on 31 December 2023.
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 175,000 324,000
Prepayments and accrued income 31,199 23,077
Other debtors. 507,222 505,924
Directors' loan accounts 645,704 -
Amounts owed by group undertakings- Drop&Roll 182,339 189,089
1,541,464 1,042,090
Due after more than one year
Corporation tax recoverable assets 217,925 -
1,759,389 1,042,090
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,807 36,643
Corporation tax 330,361 175,708
Other taxes and social security - 303
VAT 41,851 85,402
Other creditors 2,040 2,240
Accruals 1,200 1,200
Directors' loan accounts - 269
377,259 301,765
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Daniel MacAskill (269 ) 781,516 135,543 - 645,704
The above loan is unsecured and repayable on demand. Interest has been charged at HMRC approved rates. 
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