Acorah Software Products - Accounts Production 15.0.600 false true 22 June 2022 1 July 2021 false 23 June 2022 30 June 2023 30 June 2023 SC353021 Mr Mark Stewart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC353021 2022-06-22 SC353021 2023-06-30 SC353021 2022-06-23 2023-06-30 SC353021 frs-core:CurrentFinancialInstruments 2023-06-30 SC353021 frs-core:Non-currentFinancialInstruments 2023-06-30 SC353021 frs-core:FurnitureFittings 2023-06-30 SC353021 frs-core:FurnitureFittings 2022-06-23 2023-06-30 SC353021 frs-core:FurnitureFittings 2022-06-22 SC353021 frs-core:ShareCapital 2023-06-30 SC353021 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC353021 frs-bus:PrivateLimitedCompanyLtd 2022-06-23 2023-06-30 SC353021 frs-bus:FilletedAccounts 2022-06-23 2023-06-30 SC353021 frs-bus:SmallEntities 2022-06-23 2023-06-30 SC353021 frs-bus:AuditExempt-NoAccountantsReport 2022-06-23 2023-06-30 SC353021 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-23 2023-06-30 SC353021 frs-bus:Director1 2022-06-23 2023-06-30 SC353021 frs-bus:Director1 2022-06-22 SC353021 frs-bus:Director1 2023-06-30 SC353021 frs-countries:Scotland 2022-06-23 2023-06-30 SC353021 2021-06-30 SC353021 2022-06-22 SC353021 2021-07-01 2022-06-22 SC353021 frs-core:CurrentFinancialInstruments 2022-06-22 SC353021 frs-core:Non-currentFinancialInstruments 2022-06-22 SC353021 frs-core:ShareCapital 2022-06-22 SC353021 frs-core:RetainedEarningsAccumulatedLosses 2022-06-22
Registered number: SC353021
Stewart Accounting Services Limited
Financial Statements
For the Period 23 June 2022 to 30 June 2023
Stewart Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC353021
30 June 2023 22 June 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,901 11,268
7,901 11,268
CURRENT ASSETS
Debtors 5 96,564 81,157
Cash at bank and in hand 48,903 27,501
145,467 108,658
Creditors: Amounts Falling Due Within One Year 6 (115,302 ) (65,546 )
NET CURRENT ASSETS (LIABILITIES) 30,165 43,112
TOTAL ASSETS LESS CURRENT LIABILITIES 38,066 54,380
Creditors: Amounts Falling Due After More Than One Year 7 (36,667 ) (39,584 )
NET ASSETS 1,399 14,796
CAPITAL AND RESERVES
Called up share capital 8 7 7
Profit and Loss Account 1,392 14,789
SHAREHOLDERS' FUNDS 1,399 14,796
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For the period ending 30 June 2023 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 his 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 Mark Stewart
Director
29th June 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Stewart Accounting Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC353021 . The registered office is Office 90, Alloa Business Centre, Whins Road, Alloa, Clackmannanshire, FK10 3SA.
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. 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:
Fixtures & Fittings 20% 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 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.
...CONTINUED
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2.4. Taxation - continued
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.
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 period was: 7 (2022: 7)
7 7
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 23 June 2022 37,137
As at 30 June 2023 37,137
Depreciation
As at 23 June 2022 25,869
Provided during the period 3,367
As at 30 June 2023 29,236
Net Book Value
As at 30 June 2023 7,901
As at 23 June 2022 11,268
5. Debtors
30 June 2023 22 June 2022
£ £
Due within one year
Trade debtors 60,178 42,913
Prepayments and accrued income 26,282 20,443
Other debtors 2,134 -
Director's loan account 7,970 17,801
96,564 81,157
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6. Creditors: Amounts Falling Due Within One Year
30 June 2023 22 June 2022
£ £
Trade creditors 37,995 21,050
Bank loans and overdrafts 5,000 5,000
Corporation tax 33,014 27,643
Other taxes and social security 4,524 6,294
VAT 34,769 5,559
115,302 65,546
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2023 22 June 2022
£ £
Bank loans 36,667 39,584
8. Share Capital
30 June 2023 22 June 2022
£ £
Allotted, Called up and fully paid 7 7
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 23 June 2022 Amounts advanced Amounts repaid Amounts written off As at 30 June 2023
£ £ £ £ £
Mr Mark Stewart 17,801 115,801 125,632 - 7,970
The above loan is unsecured, interest free and repayable on demand.
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