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 SC112832 Adrienne Behnam Levy & McRae iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC112832 2023-03-31 SC112832 2024-03-31 SC112832 2023-04-01 2024-03-31 SC112832 frs-core:CurrentFinancialInstruments 2024-03-31 SC112832 frs-core:ComputerEquipment 2024-03-31 SC112832 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC112832 frs-core:ComputerEquipment 2023-03-31 SC112832 frs-core:FurnitureFittings 2024-03-31 SC112832 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC112832 frs-core:FurnitureFittings 2023-03-31 SC112832 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC112832 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC112832 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC112832 frs-core:CapitalRedemptionReserve 2024-03-31 SC112832 frs-core:SharePremium 2024-03-31 SC112832 frs-core:ShareCapital 2024-03-31 SC112832 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC112832 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC112832 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC112832 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC112832 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC112832 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC112832 frs-bus:Director1 2023-04-01 2024-03-31 SC112832 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC112832 frs-countries:Scotland 2023-04-01 2024-03-31 SC112832 2022-03-31 SC112832 2023-03-31 SC112832 2022-04-01 2023-03-31 SC112832 frs-core:CurrentFinancialInstruments 2023-03-31 SC112832 frs-core:CapitalRedemptionReserve 2023-03-31 SC112832 frs-core:SharePremium 2023-03-31 SC112832 frs-core:ShareCapital 2023-03-31 SC112832 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC112832
Baron (Glasgow) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
14 Newton Place
Glasgow
G3 7PY
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: SC112832
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,737 49,078
46,737 49,078
CURRENT ASSETS
Cash at bank and in hand 49,527 48,866
49,527 48,866
Creditors: Amounts Falling Due Within One Year 5 (4,652 ) (5,659 )
NET CURRENT ASSETS (LIABILITIES) 44,875 43,207
TOTAL ASSETS LESS CURRENT LIABILITIES 91,612 92,285
PROVISIONS FOR LIABILITIES
Deferred Taxation (37 ) -
NET ASSETS 91,575 92,285
CAPITAL AND RESERVES
Called up share capital 6 110 110
Share premium account 67,971 67,971
Capital redemption reserve 20 20
Income Statement 23,474 24,184
SHAREHOLDERS' FUNDS 91,575 92,285
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income Statement.
On behalf of the board
Adrienne Behnam
Director
08/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Baron (Glasgow) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC112832 . The registered office is 14 Newton Place , Glasgow, G3 7PY.
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. 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:
Freehold 2% On Cost
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Reducing Balance
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 year 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 asset reflects 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 year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 112,257 26,321 3,692 142,270
As at 31 March 2024 112,257 26,321 3,692 142,270
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 63,467 26,321 3,404 93,192
Provided during the period 2,246 - 95 2,341
As at 31 March 2024 65,713 26,321 3,499 95,533
Net Book Value
As at 31 March 2024 46,544 - 193 46,737
As at 1 April 2023 48,790 - 288 49,078
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,737 444
Creditors and Accruals 1,680 1,928
Director's loan account 235 3,287
4,652 5,659
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
Page 4