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 SC277291 Mrs Geraldine Paul Mr Alexander Paul Mr Alexander Paul true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC277291 2022-12-31 SC277291 2023-12-31 SC277291 2023-01-01 2023-12-31 SC277291 frs-core:CurrentFinancialInstruments 2023-12-31 SC277291 frs-core:Non-currentFinancialInstruments 2023-12-31 SC277291 frs-core:BetweenOneFiveYears 2023-12-31 SC277291 frs-core:ComputerEquipment 2023-12-31 SC277291 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC277291 frs-core:ComputerEquipment 2022-12-31 SC277291 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC277291 frs-core:MotorVehicles 2023-12-31 SC277291 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC277291 frs-core:MotorVehicles 2022-12-31 SC277291 frs-core:PlantMachinery 2023-12-31 SC277291 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC277291 frs-core:PlantMachinery 2022-12-31 SC277291 frs-core:WithinOneYear 2023-12-31 SC277291 frs-core:ShareCapital 2023-12-31 SC277291 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC277291 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC277291 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC277291 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC277291 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC277291 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC277291 1 2023-01-01 2023-12-31 SC277291 frs-core:DeferredTaxation 2023-01-01 2023-12-31 SC277291 frs-core:DeferredTaxation 2022-12-31 SC277291 frs-core:DeferredTaxation 2023-12-31 SC277291 frs-bus:Director1 2023-01-01 2023-12-31 SC277291 frs-bus:Director2 2023-01-01 2023-12-31 SC277291 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 SC277291 frs-countries:Scotland 2023-01-01 2023-12-31 SC277291 2021-12-31 SC277291 2022-12-31 SC277291 2022-01-01 2022-12-31 SC277291 frs-core:CurrentFinancialInstruments 2022-12-31 SC277291 frs-core:Non-currentFinancialInstruments 2022-12-31 SC277291 frs-core:BetweenOneFiveYears 2022-12-31 SC277291 frs-core:MotorVehicles 2022-01-01 2022-12-31 SC277291 frs-core:WithinOneYear 2022-12-31 SC277291 frs-core:ShareCapital 2022-12-31 SC277291 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC277291
A.B.J. Ecosse Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC277291
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193,625 216,255
193,625 216,255
CURRENT ASSETS
Stocks 5 4,710 2,363
Debtors 16,984 29,384
Cash at bank and in hand 76,741 68,972
98,435 100,719
Creditors: Amounts Falling Due Within One Year 6 (136,173 ) (132,782 )
NET CURRENT ASSETS (LIABILITIES) (37,738 ) (32,063 )
TOTAL ASSETS LESS CURRENT LIABILITIES 155,887 184,192
Creditors: Amounts Falling Due After More Than One Year 7 (109,418 ) (129,982 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (48,406 ) (41,088 )
NET (LIABILITIES)/ASSETS (1,937 ) 13,122
CAPITAL AND RESERVES
Called up share capital 12 2 2
Profit and Loss Account (1,939 ) 13,120
SHAREHOLDERS' FUNDS (1,937) 13,122
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
Mr Alexander Paul
Director
30/09/2024
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
A.B.J. Ecosse Ltd. Registered number SC277291 is a limited by shares company incorporated in Scotland. The Registered Office is 37 Coathill Crescent, Coatbridge, ML5 4DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). 
2.2. Turnover
Turnover represents net invoiced sales of haulage services, net of Value Added Tax. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and are depreciated over their useful lives. 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. 
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value. 
2.6. 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.
2.7. 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 during the year, including directors, during the year was as follows: 
2023 2022
Office and administration 2 2
Sales, marketing and distribution 3 3
5 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 8,632 432,772 4,960 446,364
Additions 550 84,449 - 84,999
Disposals - (108,954 ) - (108,954 )
As at 31 December 2023 9,182 408,267 4,960 422,409
Depreciation
As at 1 January 2023 6,290 220,645 3,174 230,109
Provided during the period 723 55,467 269 56,459
Disposals - (57,784 ) - (57,784 )
As at 31 December 2023 7,013 218,328 3,443 228,784
Net Book Value
As at 31 December 2023 2,169 189,939 1,517 193,625
As at 1 January 2023 2,342 212,127 1,786 216,255
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 172,265 188,565
5. Stocks
2023 2022
£ £
Work in progress 4,710 2,363
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 62,556 58,788
Trade creditors 16,309 18,362
Bank loans and overdrafts 8,333 8,333
Corporation tax 5,884 4,955
PAYE and NI 528 756
VAT 14,693 32,949
Company credit card 2,979 2,710
Accrued charges 3,505 5,650
Directors' loan accounts 21,386 279
136,173 132,782
The directors loan accounts are unsecured, have no fixed terms of repayment and no interest is chargeable on any balances arising at any given time.
The bank loan was obtained in terms of the Bounce Back Loan Scheme following the Covid19 pandemic in May 2020 and is accordance with the terms thereof.
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 89,279 101,510
Bank loans - BBLS 20,139 28,472
109,418 129,982
The bank loan was obtained in terms of the Bounce Back Loan Scheme following the Covid19 pandemic in May 2020 and is accordance with the terms thereof.
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 151,835 160,298
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 62,556 58,788
Later than one year and not later than five years 89,279 101,510
151,835 160,298
151,835 160,298
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2023 2022
£ £
Other timing differences 48,406 41,088
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 41,088 41,088
Additions 7,318 7,318
Balance at 31 December 2023 48,406 48,406
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
13. Ultimate Controlling Party
The company has no ultimate controlling party by virtue of the split in ownership of the issued share capital in the company.
Page 5