Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC370205 E Cooper A Cooper E Cooper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC370205 2023-01-31 SC370205 2024-01-31 SC370205 2023-02-01 2024-01-31 SC370205 frs-core:CurrentFinancialInstruments 2024-01-31 SC370205 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC370205 frs-core:LandBuildings 2024-01-31 SC370205 frs-core:LandBuildings 2023-02-01 2024-01-31 SC370205 frs-core:LandBuildings 2023-01-31 SC370205 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 SC370205 frs-core:PlantMachinery 2024-01-31 SC370205 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC370205 frs-core:PlantMachinery 2023-01-31 SC370205 frs-core:ShareCapital 2024-01-31 SC370205 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC370205 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC370205 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC370205 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC370205 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC370205 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC370205 frs-bus:OrdinaryShareClass2 2023-02-01 2024-01-31 SC370205 frs-bus:OrdinaryShareClass2 2024-01-31 SC370205 frs-bus:OrdinaryShareClass3 2023-02-01 2024-01-31 SC370205 frs-bus:OrdinaryShareClass3 2024-01-31 SC370205 frs-bus:Director1 2023-02-01 2024-01-31 SC370205 frs-bus:Director2 2023-02-01 2024-01-31 SC370205 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 SC370205 frs-countries:Scotland 2023-02-01 2024-01-31 SC370205 2022-01-31 SC370205 2023-01-31 SC370205 2022-02-01 2023-01-31 SC370205 frs-core:CurrentFinancialInstruments 2023-01-31 SC370205 frs-core:ShareCapital 2023-01-31 SC370205 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 SC370205 frs-bus:OrdinaryShareClass2 2022-02-01 2023-01-31 SC370205 frs-bus:OrdinaryShareClass3 2022-02-01 2023-01-31
Registered number: SC370205
Artmachine Graphics Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC370205
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,032 4,801
3,032 4,801
CURRENT ASSETS
Stocks 5 2,093 2,093
Debtors 6 13,982 15,381
Cash at bank and in hand 33,425 45,794
49,500 63,268
Creditors: Amounts Falling Due Within One Year 7 (16,802 ) (24,915 )
NET CURRENT ASSETS (LIABILITIES) 32,698 38,353
TOTAL ASSETS LESS CURRENT LIABILITIES 35,730 43,154
NET ASSETS 35,730 43,154
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 35,630 43,054
SHAREHOLDERS' FUNDS 35,730 43,154
Page 1
Page 2
For the year ending 31 January 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
E Cooper
Director
24/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Artmachine Graphics Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC370205 . The registered office is 2b Quarryfield Road, Hatston, Kirkwall, Orkney, KW15 1GD.
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured 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 Straight line over lease term
Plant & Machinery 25% straight line basis
Computer Equipment 33% straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting end date.
Derecognition of financial assets
...CONTINUED
Page 3
Page 4
2.6. Financial Instruments - continued
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
2.7. 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.
2.8. Pensions
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.9. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. 
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 February 2023 1,514 34,218 35,732
Additions - 1,198 1,198
As at 31 January 2024 1,514 35,416 36,930
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 February 2023 1,514 29,417 30,931
Provided during the period - 2,967 2,967
As at 31 January 2024 1,514 32,384 33,898
Net Book Value
As at 31 January 2024 - 3,032 3,032
As at 1 February 2023 - 4,801 4,801
5. Stocks
2024 2023
£ £
Materials 2,093 2,093
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,095 11,345
Other debtors 5,887 4,036
13,982 15,381
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,862 3,297
Other creditors 9,079 13,824
Taxation and social security 5,861 7,794
16,802 24,915
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
70 Ordinary A shares of £ 1.000 each 70 70
30 Ordinary B shares of £ 1.000 each 30 30
100 100
Page 5