Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC355219 Mr Stuart King iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC355219 2023-03-31 SC355219 2024-03-31 SC355219 2023-04-01 2024-03-31 SC355219 frs-core:CurrentFinancialInstruments 2024-03-31 SC355219 frs-core:Non-currentFinancialInstruments 2024-03-31 SC355219 frs-core:BetweenOneFiveYears 2024-03-31 SC355219 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC355219 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SC355219 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 SC355219 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 SC355219 frs-core:MotorVehicles 2024-03-31 SC355219 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC355219 frs-core:MotorVehicles 2023-03-31 SC355219 frs-core:PlantMachinery 2024-03-31 SC355219 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC355219 frs-core:PlantMachinery 2023-03-31 SC355219 frs-core:WithinOneYear 2024-03-31 SC355219 frs-core:ShareCapital 2024-03-31 SC355219 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC355219 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC355219 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC355219 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC355219 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC355219 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC355219 frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC355219 frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC355219 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC355219 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC355219 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC355219 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC355219 frs-bus:Director1 2023-04-01 2024-03-31 SC355219 frs-countries:Scotland 2023-04-01 2024-03-31 SC355219 2022-03-31 SC355219 2023-03-31 SC355219 2022-04-01 2023-03-31 SC355219 frs-core:CurrentFinancialInstruments 2023-03-31 SC355219 frs-core:Non-currentFinancialInstruments 2023-03-31 SC355219 frs-core:BetweenOneFiveYears 2023-03-31 SC355219 frs-core:WithinOneYear 2023-03-31 SC355219 frs-core:ShareCapital 2023-03-31 SC355219 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC355219 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: SC355219
Stuart King Architecture & Design Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2024
Christies
Dalgety Bay Business Centre
Sybrig House
Ridge Way
Dalgety Bay
KY11 9JN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC355219
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 147,815 231,155
Investments 5 2,000 2,000
149,815 233,155
CURRENT ASSETS
Debtors 6 145,054 165,508
Investments 7 5,500 5,500
Cash at bank and in hand 76,681 62,958
227,235 233,966
Creditors: Amounts Falling Due Within One Year 8 (204,996 ) (212,358 )
NET CURRENT ASSETS (LIABILITIES) 22,239 21,608
TOTAL ASSETS LESS CURRENT LIABILITIES 172,054 254,763
Creditors: Amounts Falling Due After More Than One Year 9 (77,048 ) (132,273 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,882 ) (36,882 )
NET ASSETS 58,124 85,608
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 58,024 85,508
SHAREHOLDERS' FUNDS 58,124 85,608
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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 Stuart King
Director
12/09/2024
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
Stuart King Architecture & Design Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC355219 . The registered office is Suite 2, Abtel Building Pitreavie Drive, Pitreavie Business Park, Dunfermline, Fife, KY11 8US.
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:
Leasehold 20% Straight line
Plant & Machinery 20% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 year was: 12 (2023: 14)
12 14
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 54,466 199,603 233,600 487,669
Additions - 4,178 (10,998 ) (6,820 )
Disposals - (22,613 ) (34,076 ) (56,689 )
As at 31 March 2024 54,466 181,168 188,526 424,160
Depreciation
As at 1 April 2023 28,869 121,494 106,151 256,514
Provided during the period 10,894 16,457 29,113 56,464
Disposals - (16,294 ) (20,339 ) (36,633 )
As at 31 March 2024 39,763 121,657 114,925 276,345
Net Book Value
As at 31 March 2024 14,703 59,511 73,601 147,815
As at 1 April 2023 25,597 78,109 127,449 231,155
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5. Investments
Unlisted
£
Cost
As at 1 April 2023 2,000
As at 31 March 2024 2,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2,000
As at 1 April 2023 2,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 98,491 131,548
Prepayments and accrued income 30,646 28,650
Other debtors - 2,972
Staff Loans - 2,038
Amounts owed by associates 15,917 300
145,054 165,508
7. Current Asset Investments
2024 2023
£ £
Short term deposits 5,500 5,500
5,500 5,500
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,709 23,961
Trade creditors 4,270 12,768
Bank loans and overdrafts 29,068 29,068
Corporation tax 16,812 -
Other taxes and social security 9,932 11,231
VAT 45,119 54,585
Other creditors 13,046 11,188
Accruals and deferred income 2,600 7,835
Directors' loan accounts 69,440 61,722
204,996 212,358
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,050 64,207
Bank loans 38,998 68,066
77,048 132,273
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,709 23,961
Later than one year and not later than five years 38,050 64,207
52,759 88,168
52,759 88,168
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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