Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC651045 Mr Michael JACKSON Mrs Caroline Gatti Mr Paul Paterson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC651045 2023-01-31 SC651045 2024-01-31 SC651045 2023-02-01 2024-01-31 SC651045 frs-core:CurrentFinancialInstruments 2024-01-31 SC651045 frs-core:MotorVehicles 2024-01-31 SC651045 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC651045 frs-core:MotorVehicles 2023-01-31 SC651045 frs-core:ShareCapital 2024-01-31 SC651045 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC651045 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC651045 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC651045 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC651045 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC651045 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC651045 frs-bus:Director1 2023-02-01 2024-01-31 SC651045 frs-bus:Director2 2023-02-01 2024-01-31 SC651045 frs-bus:Director3 2023-02-01 2024-01-31 SC651045 frs-countries:Scotland 2023-02-01 2024-01-31 SC651045 2022-01-31 SC651045 2023-01-31 SC651045 2022-02-01 2023-01-31 SC651045 frs-core:CurrentFinancialInstruments 2023-01-31 SC651045 frs-core:ShareCapital 2023-01-31 SC651045 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC651045
2020 Developments Scotland Ltd
Financial Statements
For The Year Ended 31 January 2024
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC651045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,002 20,002
15,002 20,002
CURRENT ASSETS
Stocks 5 400,000 400,000
Cash at bank and in hand 9,922 18,339
409,922 418,339
Creditors: Amounts Falling Due Within One Year 6 (742,142 ) (705,730 )
NET CURRENT ASSETS (LIABILITIES) (332,220 ) (287,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES (317,218 ) (267,389 )
NET LIABILITIES (317,218 ) (267,389 )
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account (317,221 ) (267,392 )
SHAREHOLDERS' FUNDS (317,218) (267,389)
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
Mr Paul Paterson
Director
29th October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
2020 Developments Scotland Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC651045 . The registered office is 4 Glenview, Larkhall, ML9 1DA.
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. 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% Reducing balance
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 February 2023 29,820
As at 31 January 2024 29,820
Depreciation
As at 1 February 2023 9,818
Provided during the period 5,000
As at 31 January 2024 14,818
Net Book Value
As at 31 January 2024 15,002
As at 1 February 2023 20,002
5. Stocks
2024 2023
£ £
Stock 400,000 400,000
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 37,251 839
Directors' loan accounts 704,891 704,891
742,142 705,730
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4