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 SC619588 Mr Stewart Rae iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC619588 2023-01-31 SC619588 2024-01-31 SC619588 2023-02-01 2024-01-31 SC619588 frs-core:Non-currentFinancialInstruments 2024-01-31 SC619588 frs-core:FurnitureFittings 2024-01-31 SC619588 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC619588 frs-core:FurnitureFittings 2023-01-31 SC619588 frs-core:MotorVehicles 2024-01-31 SC619588 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC619588 frs-core:MotorVehicles 2023-01-31 SC619588 frs-core:PlantMachinery 2024-01-31 SC619588 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC619588 frs-core:PlantMachinery 2023-01-31 SC619588 frs-core:ShareCapital 2024-01-31 SC619588 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC619588 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC619588 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC619588 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC619588 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC619588 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC619588 frs-bus:Director1 2023-02-01 2024-01-31 SC619588 frs-countries:Scotland 2023-02-01 2024-01-31 SC619588 2022-01-31 SC619588 2023-01-31 SC619588 2022-02-01 2023-01-31 SC619588 frs-core:Non-currentFinancialInstruments 2023-01-31 SC619588 frs-core:ShareCapital 2023-01-31 SC619588 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC619588
S Rae Plant UK Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC619588
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 211,555 174,932
211,555 174,932
CURRENT ASSETS
Stocks 2,575 15,750
Debtors 54,584 92,760
Cash at bank and in hand 20,148 5,992
77,307 114,502
Creditors: Amounts Falling Due Within One Year (47,021 ) (69,017 )
NET CURRENT ASSETS (LIABILITIES) 30,286 45,485
TOTAL ASSETS LESS CURRENT LIABILITIES 241,841 220,417
Creditors: Amounts Falling Due After More Than One Year (21,142 ) (25,279 )
NET ASSETS 220,699 195,138
CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and Loss Account 219,699 194,138
SHAREHOLDERS' FUNDS 220,699 195,138
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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 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 Stewart Rae
Director
29/10/2024
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
S Rae Plant UK Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC619588 . The registered office is Riverview Business Centre, 40, North Ellen Street, Dundee, DD3 7DH.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 112,644 221,662 6,415 340,721
Additions 89,511 - - 89,511
As at 31 January 2024 202,155 221,662 6,415 430,232
Depreciation
As at 1 February 2023 60,207 102,398 3,184 165,789
Provided during the period 28,389 23,853 646 52,888
As at 31 January 2024 88,596 126,251 3,830 218,677
Net Book Value
As at 31 January 2024 113,559 95,411 2,585 211,555
As at 1 February 2023 52,437 119,264 3,231 174,932
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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