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 SC561211 Mrs Deborah MacLeod Mr Keith MacLeod iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC561211 2023-03-31 SC561211 2024-03-31 SC561211 2023-04-01 2024-03-31 SC561211 frs-core:CurrentFinancialInstruments 2024-03-31 SC561211 frs-core:Non-currentFinancialInstruments 2024-03-31 SC561211 frs-core:FurnitureFittings 2024-03-31 SC561211 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC561211 frs-core:FurnitureFittings 2023-03-31 SC561211 frs-core:NetGoodwill 2024-03-31 SC561211 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC561211 frs-core:NetGoodwill 2023-03-31 SC561211 frs-core:PlantMachinery 2024-03-31 SC561211 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC561211 frs-core:PlantMachinery 2023-03-31 SC561211 frs-core:ShareCapital 2024-03-31 SC561211 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC561211 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC561211 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC561211 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC561211 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC561211 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC561211 frs-bus:Director1 2023-04-01 2024-03-31 SC561211 frs-bus:Director2 2023-04-01 2024-03-31 SC561211 frs-countries:Scotland 2023-04-01 2024-03-31 SC561211 2022-03-31 SC561211 2023-03-31 SC561211 2022-04-01 2023-03-31 SC561211 frs-core:CurrentFinancialInstruments 2023-03-31 SC561211 frs-core:Non-currentFinancialInstruments 2023-03-31 SC561211 frs-core:ShareCapital 2023-03-31 SC561211 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC561211
Keith Macleod Windows And Doors Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Jennifer MacDonald
Ardkairne
Cantraywood, Croy
Inverness
IV2 5PR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC561211
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,000 4,000
Tangible Assets 5 5,340 6,676
8,340 10,676
CURRENT ASSETS
Stocks 6 55,000 54,000
Debtors 7 2,083 37,091
Cash at bank and in hand 6,921 21,010
64,004 112,101
Creditors: Amounts Falling Due Within One Year 8 (51,274 ) (88,862 )
NET CURRENT ASSETS (LIABILITIES) 12,730 23,239
TOTAL ASSETS LESS CURRENT LIABILITIES 21,070 33,915
Creditors: Amounts Falling Due After More Than One Year 9 (21,667 ) (31,667 )
NET (LIABILITIES)/ASSETS (597 ) 2,248
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (599 ) 2,246
SHAREHOLDERS' FUNDS (597) 2,248
Page 1
Page 2
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
Mrs Deborah MacLeod
Director
07/10/2024
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
Keith Macleod Windows And Doors Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC561211 . The registered office is 20 Wells Street, Inverness, IV3 5JT.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 20% reducing balance
Fixtures & Fittings 20% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
...CONTINUED
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Page 4
Amortisation
As at 1 April 2023 6,000
Provided during the period 1,000
As at 31 March 2024 7,000
Net Book Value
As at 31 March 2024 3,000
As at 1 April 2023 4,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 13,185 783 13,968
As at 31 March 2024 13,185 783 13,968
Depreciation
As at 1 April 2023 6,736 556 7,292
Provided during the period 1,290 46 1,336
As at 31 March 2024 8,026 602 8,628
Net Book Value
As at 31 March 2024 5,159 181 5,340
As at 1 April 2023 6,449 227 6,676
6. Stocks
2024 2023
£ £
Stock 16,000 14,000
Work in progress 39,000 40,000
55,000 54,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,866 36,958
Prepayments and accrued income 217 133
2,083 37,091
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,435 19,263
Corporation tax 6,216 15,164
Other taxes and social security 1,476 2,384
VAT 7,295 13,402
Prepaid sales 12,233 20,196
Accruals and deferred income 1,457 1,460
Directors' loan accounts 162 16,993
51,274 88,862
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,667 31,667
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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