Acorah Software Products - Accounts Production 15.0.600 false true 30 May 2023 31 May 2022 false 31 May 2023 30 May 2024 30 May 2024 SC426629 Lynne McArthur Sandra McArthur Laura McArthur true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC426629 2023-05-30 SC426629 2024-05-30 SC426629 2023-05-31 2024-05-30 SC426629 frs-core:CurrentFinancialInstruments 2024-05-30 SC426629 frs-core:ShareCapital 2024-05-30 SC426629 frs-core:RetainedEarningsAccumulatedLosses 2024-05-30 SC426629 frs-bus:PrivateLimitedCompanyLtd 2023-05-31 2024-05-30 SC426629 frs-bus:FilletedAccounts 2023-05-31 2024-05-30 SC426629 frs-bus:SmallEntities 2023-05-31 2024-05-30 SC426629 frs-bus:AuditExempt-NoAccountantsReport 2023-05-31 2024-05-30 SC426629 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-31 2024-05-30 SC426629 1 2023-05-31 2024-05-30 SC426629 frs-bus:Director1 2023-05-31 2024-05-30 SC426629 frs-bus:Director2 2023-05-31 2024-05-30 SC426629 frs-bus:Director3 2023-05-31 2024-05-30 SC426629 frs-core:CurrentFinancialInstruments 1 2024-05-30 SC426629 frs-countries:Scotland 2023-05-31 2024-05-30 SC426629 2022-05-30 SC426629 2023-05-30 SC426629 2022-05-31 2023-05-30 SC426629 frs-core:CurrentFinancialInstruments 2023-05-30 SC426629 frs-core:ShareCapital 2023-05-30 SC426629 frs-core:RetainedEarningsAccumulatedLosses 2023-05-30 SC426629 frs-core:CurrentFinancialInstruments 1 2023-05-30
Registered number: SC426629
ZING PROPERTY SPECIALISTS LTD.
Unaudited Financial Statements
For The Year Ended 30 May 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2
Page 1
Statement of Financial Position
Registered number: SC426629
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 18,226 344
Cash at bank and in hand 631 13,377
18,857 13,721
Creditors: Amounts Falling Due Within One Year 5 (3,845 ) (7,426 )
NET CURRENT ASSETS (LIABILITIES) 15,012 6,295
TOTAL ASSETS LESS CURRENT LIABILITIES 15,012 6,295
NET ASSETS 15,012 6,295
CAPITAL AND RESERVES
Called up share capital 9 9
Income Statement 15,003 6,286
SHAREHOLDERS' FUNDS 15,012 6,295
For the year ending 30 May 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 Income Statement.
On behalf of the board
Lynne McArthur
Director
Sandra McArthur
Director
Laura McArthur
Director
16 October 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
ZING PROPERTY SPECIALISTS LTD. is a private company, limited by shares, incorporated in Scotland, registered number SC426629 . The registered office is c/o Grants Accountants, 120 West Regent Street, Glasgow, G2 2QD.
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.
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. Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,834 -
Other debtors - 344
Amounts owed by group undertakings 6,392 -
18,226 344
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,045 19
Accruals 1,800 1,800
Amounts owed to group undertakings - 5,607
3,845 7,426
6. Related Party Transactions
Invest In Scottish Properties Ltd is a fellow subsidiary company. At the year end, amounts due from Invest In Scottish Properties was £6,392 (2023: £5,607 due to).
7. Ultimate Controlling Party
The company's ultimate controlling party is Quantam Holdings Limited by virtue of ownership of 100% of the issued share capital in the company.
Page 2