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 SC055930 Mrs Marion Maccormick Mrs Brenda Riccomini Mr Dario Riccomini Mrs Brenda Riccomini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC055930 2023-03-31 SC055930 2024-03-31 SC055930 2023-04-01 2024-03-31 SC055930 frs-core:CurrentFinancialInstruments 2024-03-31 SC055930 frs-core:Non-currentFinancialInstruments 2024-03-31 SC055930 frs-core:FurnitureFittings 2024-03-31 SC055930 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC055930 frs-core:FurnitureFittings 2023-03-31 SC055930 frs-core:NetGoodwill 2024-03-31 SC055930 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC055930 frs-core:NetGoodwill 2023-03-31 SC055930 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC055930 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC055930 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC055930 frs-core:MotorVehicles 2024-03-31 SC055930 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC055930 frs-core:MotorVehicles 2023-03-31 SC055930 frs-core:PlantMachinery 2024-03-31 SC055930 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC055930 frs-core:PlantMachinery 2023-03-31 SC055930 frs-core:ShareCapital 2024-03-31 SC055930 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC055930 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC055930 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC055930 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC055930 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC055930 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC055930 frs-core:DeferredTaxation 2023-04-01 2024-03-31 SC055930 frs-core:DeferredTaxation 2023-03-31 SC055930 frs-core:DeferredTaxation 2024-03-31 SC055930 frs-bus:Director1 2023-04-01 2024-03-31 SC055930 frs-bus:Director2 2023-04-01 2024-03-31 SC055930 frs-bus:Director3 2023-04-01 2024-03-31 SC055930 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC055930 frs-core:Non-currentFinancialInstruments 2 2024-03-31 SC055930 frs-core:CurrentFinancialInstruments 3 2024-03-31 SC055930 frs-core:CurrentFinancialInstruments 4 2024-03-31 SC055930 frs-core:Non-currentFinancialInstruments 4 2024-03-31 SC055930 frs-core:CurrentFinancialInstruments 5 2024-03-31 SC055930 frs-countries:Scotland 2023-04-01 2024-03-31 SC055930 2022-03-31 SC055930 2023-03-31 SC055930 2022-04-01 2023-03-31 SC055930 frs-core:CurrentFinancialInstruments 2023-03-31 SC055930 frs-core:Non-currentFinancialInstruments 2023-03-31 SC055930 frs-core:ShareCapital 2023-03-31 SC055930 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC055930 frs-core:Non-currentFinancialInstruments 2 2023-03-31 SC055930 frs-core:CurrentFinancialInstruments 3 2023-03-31 SC055930 frs-core:CurrentFinancialInstruments 4 2023-03-31 SC055930 frs-core:Non-currentFinancialInstruments 4 2023-03-31 SC055930 frs-core:CurrentFinancialInstruments 5 2023-03-31
Registered number: SC055930
Aldomak Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sutherland Black
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC055930
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 552,228 619,359
Investment Properties 6 115,000 115,000
667,228 734,359
CURRENT ASSETS
Stocks 7 135,475 126,186
Debtors 8 295,188 201,739
Cash at bank and in hand 24,921 69,743
455,584 397,668
Creditors: Amounts Falling Due Within One Year 9 (361,750 ) (400,508 )
NET CURRENT ASSETS (LIABILITIES) 93,834 (2,840 )
TOTAL ASSETS LESS CURRENT LIABILITIES 761,062 731,519
Creditors: Amounts Falling Due After More Than One Year 10 (235,888 ) (334,043 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (73,541 ) (88,852 )
NET ASSETS 451,633 308,624
CAPITAL AND RESERVES
Called up share capital 12 101 100
Profit and Loss Account 451,532 308,524
SHAREHOLDERS' FUNDS 451,633 308,624
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
Mr Dario Riccomini
Director
17/10/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aldomak Limited is a private company, limited by shares, incorporated in Scotland, registered number SC055930 . The registered office is 1 Burnfield Avenue, Giffnock, Glasgow, G46 7TL.
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 .... 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:
Freehold 2% straight line
Plant & Machinery 15% to 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 15% to 33% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.6. 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.
2.7. 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.
2.8. 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 34)
34 34
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Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 16,150
As at 31 March 2024 16,150
Amortisation
As at 1 April 2023 16,150
As at 31 March 2024 16,150
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 376,646 932,376 19,685 59,666 1,388,373
Additions - 7,834 - 6,468 14,302
As at 31 March 2024 376,646 940,210 19,685 66,134 1,402,675
Depreciation
As at 1 April 2023 85,491 612,061 19,685 51,777 769,014
Provided during the period 7,535 69,825 - 4,073 81,433
As at 31 March 2024 93,026 681,886 19,685 55,850 850,447
Net Book Value
As at 31 March 2024 283,620 258,324 - 10,284 552,228
As at 1 April 2023 291,155 320,315 - 7,889 619,359
6. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 115,000
Page 5
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7. Stocks
2024 2023
£ £
Stock 135,475 126,186
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 277,751 191,526
Prepayments and accrued income 17,437 10,213
295,188 201,739
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 211,808 244,626
Bank loans and overdrafts 59,978 70,225
PAYE & NIC 6,470 4,762
VAT 8,680 12,231
Other creditors 2,042 186
Credit card 9,452 10,911
EST Loan < 1 Year 8,445 8,445
Pension liability 2,020 1,864
Accruals and deferred income 11,077 9,156
Government grants within one year 25,621 19,464
Directors' loan accounts 16,157 18,638
361,750 400,508
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 79,630 127,458
Bank loans - 1-5 years 47,681 77,459
EST Loan > 1 Year 50,666 59,115
Government grants after one year 57,911 70,011
235,888 334,043
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11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 88,852 88,852
Additions (15,311 ) (15,311)
Balance at 31 March 2024 73,541 73,541
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 100
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