Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC586584 Mr Sean McFadden Mrs Lauren Connell Mrs Lauren Mcfadden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC586584 2023-01-31 SC586584 2024-01-31 SC586584 2023-02-01 2024-01-31 SC586584 frs-core:CurrentFinancialInstruments 2024-01-31 SC586584 frs-core:Non-currentFinancialInstruments 2024-01-31 SC586584 frs-core:MotorVehicles 2024-01-31 SC586584 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC586584 frs-core:MotorVehicles 2023-01-31 SC586584 frs-core:ShareCapital 2024-01-31 SC586584 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC586584 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC586584 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC586584 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC586584 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC586584 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC586584 frs-bus:Director1 2023-02-01 2024-01-31 SC586584 frs-bus:Director2 2023-02-01 2024-01-31 SC586584 frs-bus:Director3 2023-02-01 2024-01-31 SC586584 frs-countries:Scotland 2023-02-01 2024-01-31 SC586584 2022-01-31 SC586584 2023-01-31 SC586584 2022-02-01 2023-01-31 SC586584 frs-core:CurrentFinancialInstruments 2023-01-31 SC586584 frs-core:Non-currentFinancialInstruments 2023-01-31 SC586584 frs-core:ShareCapital 2023-01-31 SC586584 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC586584
Connell & McFadden Property Lettings Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Paterson Accountancy Ltd
29 Academy Place
Bathgate
EH48 1AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC586584
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,150 32,105
50,150 32,105
CURRENT ASSETS
Debtors 5 2 2
Cash at bank and in hand 94,115 68,101
94,117 68,103
Creditors: Amounts Falling Due Within One Year 6 (25,779 ) (29,139 )
NET CURRENT ASSETS (LIABILITIES) 68,338 38,964
TOTAL ASSETS LESS CURRENT LIABILITIES 118,488 71,069
Creditors: Amounts Falling Due After More Than One Year 7 (54,614 ) (29,359 )
NET ASSETS 63,874 41,710
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 63,872 41,708
SHAREHOLDERS' FUNDS 63,874 41,710
Page 1
Page 2
For the year ending 31 January 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 Sean McFadden
Director
02/10/2024
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
Connell & McFadden Property Lettings Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC586584 . The registered office is 16 Roseburn Terrace, Edinburgh, EH12 6AW.
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:
Motor Vehicles 18% reducing
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 3
Sales, marketing and distribution 1 1
5 4
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 February 2023 32,105
Additions 43,145
Disposals (25,100 )
As at 31 January 2024 50,150
Net Book Value
As at 31 January 2024 50,150
As at 1 February 2023 32,105
Cost or valuation as at 31 January 2024 represented by:
Motor Vehicles
£
At cost 50,150
50,150
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 2 2
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 25,779 29,139
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 54,614 29,359
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
Page 5