Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC547740 Mrs Gillian Hogg Mr Stuart Hogg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC547740 2022-10-31 SC547740 2023-10-31 SC547740 2022-11-01 2023-10-31 SC547740 frs-core:CurrentFinancialInstruments 2023-10-31 SC547740 frs-core:ComputerEquipment 2023-10-31 SC547740 frs-core:ComputerEquipment 2022-11-01 2023-10-31 SC547740 frs-core:ComputerEquipment 2022-10-31 SC547740 frs-core:PlantMachinery 2023-10-31 SC547740 frs-core:PlantMachinery 2022-11-01 2023-10-31 SC547740 frs-core:PlantMachinery 2022-10-31 SC547740 frs-core:ShareCapital 2023-10-31 SC547740 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC547740 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC547740 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC547740 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC547740 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC547740 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC547740 frs-core:UnlistedNon-exchangeTraded 2023-10-31 SC547740 frs-core:UnlistedNon-exchangeTraded 2022-10-31 SC547740 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 SC547740 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 SC547740 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 SC547740 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 SC547740 frs-bus:Director1 2022-11-01 2023-10-31 SC547740 frs-bus:Director1 2022-10-31 SC547740 frs-bus:Director1 2023-10-31 SC547740 frs-bus:Director2 2022-11-01 2023-10-31 SC547740 frs-bus:Director2 2022-10-31 SC547740 frs-bus:Director2 2023-10-31 SC547740 frs-countries:Scotland 2022-11-01 2023-10-31 SC547740 2021-10-31 SC547740 2022-10-31 SC547740 2021-11-01 2022-10-31 SC547740 frs-core:CurrentFinancialInstruments 2022-10-31 SC547740 frs-core:ShareCapital 2022-10-31 SC547740 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC547740
One Thousand Twenty Five Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC547740
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,697 2,179
Investments 5 50,000 50,000
53,697 52,179
CURRENT ASSETS
Debtors 6 402,482 293,306
Cash at bank and in hand 15,106 53,958
417,588 347,264
Creditors: Amounts Falling Due Within One Year 7 (84,354 ) (58,654 )
NET CURRENT ASSETS (LIABILITIES) 333,234 288,610
TOTAL ASSETS LESS CURRENT LIABILITIES 386,931 340,789
PROVISIONS FOR LIABILITIES
Deferred Taxation (703 ) (414 )
NET ASSETS 386,228 340,375
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 386,218 340,365
SHAREHOLDERS' FUNDS 386,228 340,375
Page 1
Page 2
For the year ending 31 October 2023 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
Mrs Gillian Hogg
Director
Mr Stuart Hogg
Director
6 August 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
One Thousand Twenty Five Limited is a private company, limited by shares, incorporated in Scotland, registered number SC547740 . The registered office is Woodside, East Boonraw, Hawick, Roxburghshire, TD9 7NP.
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.
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:
Plant & Machinery 25% straight line
Computer Equipment 25% straight line
2.4. 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: 2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 10,365 1,667 12,032
Additions 4,173 - 4,173
As at 31 October 2023 14,538 1,667 16,205
Depreciation
As at 1 November 2022 8,186 1,667 9,853
Provided during the period 2,655 - 2,655
As at 31 October 2023 10,841 1,667 12,508
Net Book Value
As at 31 October 2023 3,697 - 3,697
As at 1 November 2022 2,179 - 2,179
5. Investments
Unlisted
£
Cost
As at 1 November 2022 50,000
As at 31 October 2023 50,000
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 50,000
As at 1 November 2022 50,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 91,160 78,630
Amounts owed by participating interests 157,175 149,700
Other debtors 154,147 64,976
402,482 293,306
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,272 3,599
Other creditors 2,885 16,400
Taxation and social security 74,197 38,655
84,354 58,654
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mrs Gillian Hogg 25,171 46,155 (34,546 ) - 36,781
Mr Stuart Hogg 33,592 65,707 (24,312 ) - 74,987
Amounts repaid to the company as follows:
Dividends voted: £20,000
Company expenses: £312
Loan repaid: £37,000
Wages unpaid: £1,545
Interest has been charged at 2% per annum.
The above loans are unsecured and repayable on demand. 
Page 5