Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 December 2023 31 December 2023 SC605585 Mr H D Grant Miss C R Anderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC605585 2023-03-31 SC605585 2023-12-31 SC605585 2023-04-01 2023-12-31 SC605585 frs-core:CurrentFinancialInstruments 2023-12-31 SC605585 frs-core:Non-currentFinancialInstruments 2023-12-31 SC605585 frs-core:ComputerEquipment 2023-12-31 SC605585 frs-core:ComputerEquipment 2023-04-01 2023-12-31 SC605585 frs-core:ComputerEquipment 2023-03-31 SC605585 frs-core:FurnitureFittings 2023-12-31 SC605585 frs-core:FurnitureFittings 2023-04-01 2023-12-31 SC605585 frs-core:FurnitureFittings 2023-03-31 SC605585 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC605585 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2023-12-31 SC605585 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 SC605585 frs-core:ShareCapital 2023-12-31 SC605585 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC605585 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 SC605585 frs-bus:FilletedAccounts 2023-04-01 2023-12-31 SC605585 frs-bus:SmallEntities 2023-04-01 2023-12-31 SC605585 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-31 SC605585 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2023-12-31 SC605585 frs-bus:Director1 2023-04-01 2023-12-31 SC605585 frs-bus:Director2 2023-04-01 2023-12-31 SC605585 frs-countries:Scotland 2023-04-01 2023-12-31 SC605585 2022-03-31 SC605585 2023-03-31 SC605585 2022-04-01 2023-03-31 SC605585 frs-core:CurrentFinancialInstruments 2023-03-31 SC605585 frs-core:Non-currentFinancialInstruments 2023-03-31 SC605585 frs-core:ShareCapital 2023-03-31 SC605585 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC605585
Treen Ltd
Unaudited Financial Statements
For the Period 1 April 2023 to 31 December 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC605585
31 December 2023 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,855 80,239
75,855 80,239
CURRENT ASSETS
Stock 5 69,729 109,247
Debtors 6 38,942 19,798
Cash at bank and in hand 9,492 10,489
118,163 139,534
Creditors: Amounts Falling Due Within One Year 7 (238,313 ) (255,154 )
NET CURRENT ASSETS (LIABILITIES) (120,150 ) (115,620 )
TOTAL ASSETS LESS CURRENT LIABILITIES (44,295 ) (35,381 )
Creditors: Amounts Falling Due After More Than One Year 8 (21,625 ) (31,563 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,571 ) (3,108 )
NET LIABILITIES (69,491 ) (70,052 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (69,591 ) (70,152 )
SHAREHOLDERS' FUNDS (69,491) (70,052)
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For the period 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
Miss C R Anderson
Director
4 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Treen Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC605585 . The registered office is 66a St. Stephen Street, Edinburgh, EH3 5AQ.
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. 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.
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:
Leasehold Straight line 10 years
Fixtures & Fittings 20% Straight line
Computer Equipment 33.33% Straight line
2.4. 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.
2.5. 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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4 (2023: 6)
4 6
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 97,343 2,225 3,125 102,693
Additions - 4,407 - 4,407
As at 31 December 2023 97,343 6,632 3,125 107,100
Depreciation
As at 1 April 2023 20,208 490 1,756 22,454
Provided during the period 7,301 709 781 8,791
As at 31 December 2023 27,509 1,199 2,537 31,245
Net Book Value
As at 31 December 2023 69,834 5,433 588 75,855
As at 1 April 2023 77,135 1,735 1,369 80,239
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5. Stock
31 December 2023 31 March 2023
£ £
Finished goods 69,729 109,247
6. Debtors
31 December 2023 31 March 2023
£ £
Due within one year
Trade debtors 15,027 5,624
Prepayments and accrued income 18,165 8,424
Other debtors 5,750 5,750
38,942 19,798
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 March 2023
£ £
Trade creditors 25,533 44,215
Bank loans and overdrafts 7,250 7,250
Other taxes and social security 1,152 3,045
VAT 14,374 5,121
Other creditors 68,754 65,163
Accruals and deferred income 1,250 1,155
Directors' loan accounts 69,555 78,847
Amounts owed to related parties 50,445 50,358
238,313 255,154
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 March 2023
£ £
Bank loans 10,875 16,313
Other creditors 10,750 15,250
21,625 31,563
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9. Share Capital
31 December 2023 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
As at 31 December 2023,  the company owed the directors, C R Anderson and H D Grant, £40,939 (31 March 2023: £50,231) and £28,615 (31 March 2023: £28,615), respectively. 
As at 31 December 2023, the company owed East Mains Capital Advisory Limited £50,445 (31 March 2023: £50,358), a company with a common director. 
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