Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 12 July 2022 false 1 July 2023 30 June 2024 30 June 2024 14230168 C Macleod iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14230168 2023-06-30 14230168 2024-06-30 14230168 2023-07-01 2024-06-30 14230168 frs-core:CurrentFinancialInstruments 2024-06-30 14230168 frs-core:MotorVehicles 2024-06-30 14230168 frs-core:MotorVehicles 2023-07-01 2024-06-30 14230168 frs-core:MotorVehicles 2023-06-30 14230168 frs-core:WithinOneYear 2024-06-30 14230168 frs-core:ShareCapital 2024-06-30 14230168 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14230168 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14230168 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14230168 frs-bus:SmallEntities 2023-07-01 2024-06-30 14230168 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14230168 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14230168 frs-bus:Director1 2023-07-01 2024-06-30 14230168 frs-bus:Director1 2023-06-30 14230168 frs-bus:Director1 2024-06-30 14230168 frs-countries:EnglandWales 2023-07-01 2024-06-30 14230168 2022-07-11 14230168 2023-06-30 14230168 2022-07-12 2023-06-30 14230168 frs-core:CurrentFinancialInstruments 2023-06-30 14230168 frs-core:WithinOneYear 2023-06-30 14230168 frs-core:ShareCapital 2023-06-30 14230168 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14230168
Macleod Company Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Hancock & Hastings Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14230168
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,584 7,200
41,584 7,200
CURRENT ASSETS
Stocks 5 94,183 25,750
Debtors 6 69,404 51,879
Cash at bank and in hand 33,859 21,851
197,446 99,480
Creditors: Amounts Falling Due Within One Year 7 (168,295 ) (74,504 )
NET CURRENT ASSETS (LIABILITIES) 29,151 24,976
TOTAL ASSETS LESS CURRENT LIABILITIES 70,735 32,176
NET ASSETS 70,735 32,176
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 70,734 32,175
SHAREHOLDERS' FUNDS 70,735 32,176
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For the year ending 30 June 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 Profit and Loss Account.
On behalf of the board
C Macleod
Director
16/10/2024
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
Macleod Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14230168 . The registered office is Macleod Company Ltd, 86-90 Paul Street, London, EC2A 4NE.
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. 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.
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:
Motor Vehicles 25% RB
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. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 July 2023 9,600
Additions 48,245
As at 30 June 2024 57,845
Depreciation
As at 1 July 2023 2,400
Provided during the period 13,861
As at 30 June 2024 16,261
Net Book Value
As at 30 June 2024 41,584
As at 1 July 2023 7,200
5. Stocks
30 June 2024 30 June 2023
£ £
Stock 94,183 25,750
6. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 64,276 51,860
Prepayments and accrued income 2,237 -
Other debtors 851 -
Other taxes and social security - 19
Director's loan account 2,040 -
69,404 51,879
7. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,860 -
Trade creditors 24,497 16,461
Other loans 70,976 44,920
Corporation tax 17,115 6,797
Other taxes and social security 719 -
VAT 26,128 6,201
Director's loan account - 125
168,295 74,504
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8. Obligations Under Finance Leases and Hire Purchase
30 June 2024 30 June 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 28,860 -
9. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Charlotte Macleod - 2,040 - - 2,040
The above loan is unsecured, interest free and repayable on demand.
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