Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC127233 Ms Sheila Fyfe Mr James MacDonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC127233 2023-03-31 SC127233 2024-03-31 SC127233 2023-04-01 2024-03-31 SC127233 frs-core:CurrentFinancialInstruments 2024-03-31 SC127233 frs-core:ShareCapital 2024-03-31 SC127233 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC127233 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC127233 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC127233 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC127233 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC127233 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC127233 frs-core:ListedExchangeTraded 2024-03-31 SC127233 frs-core:ListedExchangeTraded 2023-03-31 SC127233 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 SC127233 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 SC127233 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-03-31 SC127233 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-03-31 SC127233 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 SC127233 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 SC127233 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 SC127233 frs-bus:Director1 2023-04-01 2024-03-31 SC127233 frs-bus:Director1 2023-03-31 SC127233 frs-bus:Director1 2024-03-31 SC127233 frs-bus:Director2 2023-04-01 2024-03-31 SC127233 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC127233 frs-countries:Scotland 2023-04-01 2024-03-31 SC127233 2022-03-31 SC127233 2023-03-31 SC127233 2022-04-01 2023-03-31 SC127233 frs-core:CurrentFinancialInstruments 2023-03-31 SC127233 frs-core:ShareCapital 2023-03-31 SC127233 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC127233 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: SC127233
Microcom (Scotland) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC127233
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,184,792 1,114,419
1,184,792 1,114,419
CURRENT ASSETS
Debtors 5 48,000 491
Cash at bank and in hand 206,972 292,608
254,972 293,099
Creditors: Amounts Falling Due Within One Year 6 (2,467 ) (1,159 )
NET CURRENT ASSETS (LIABILITIES) 252,505 291,940
TOTAL ASSETS LESS CURRENT LIABILITIES 1,437,297 1,406,359
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (8,466 ) (2,616 )
NET ASSETS 1,428,831 1,403,743
CAPITAL AND RESERVES
Called up share capital 8 40,098 40,098
Profit and Loss Account 1,388,733 1,363,645
SHAREHOLDERS' FUNDS 1,428,831 1,403,743
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For the year ending 31 March 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
Mr James MacDonald
Director
25/09/2024
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
Microcom (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC127233 . The registered office is 2nd Floor, Belgrave Court, Rosehall Road, Bellshill, Lanarkshire, ML4 3NR.
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. Financial Instruments
The company only has basic financial instruments.
Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsuquently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measures subsuquently at amortised cost using the effective interest method. 
2.3. 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.
2.4. Investments
Investments are stated at fair value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investments
Listed
£
Cost
As at 1 April 2023 1,114,419
Additions 326,095
Disposals (300,282 )
Revaluations 44,560
As at 31 March 2024 1,184,792
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1,184,792
As at 1 April 2023 1,114,419
Investments are represented by their market value as at 31 March 2024, valuation provided by Brewin Dolphin Limited.
5. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets - 491
Directors' loan accounts 48,000 -
48,000 491
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Intercompany loan 1,188 -
Accruals and deferred income 1,279 1,159
2,467 1,159
7. Deferred Taxation
The provision for deferred tax is provided is in respect of revaluation gains on investments.
2024 2023
£ £
Other timing differences 8,466 2,616
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,098 40,098
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr James MacDonald - 48,000 - - 48,000
The above loan is unsecured, interest free and has been repaid to the company within 9 months of the year-end.
10. Related Party Transactions
During the year the company received a loan from Microcom Training Ltd, a company under common control, totalling £1,188. The amount outstadning at the year-end was £1,188 (2023: £nil). 
This loan is non-interest bearing and is repayable on demand.
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