Acorah Software Products - Accounts Production 16.0.110 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 SC228448 Austin Hardie Carina Jandt Kenneth Laing iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC228448 2023-04-05 SC228448 2024-04-05 SC228448 2023-04-06 2024-04-05 SC228448 frs-core:CurrentFinancialInstruments 2024-04-05 SC228448 frs-core:MotorVehicles 2024-04-05 SC228448 frs-core:MotorVehicles 2023-04-06 2024-04-05 SC228448 frs-core:MotorVehicles 2023-04-05 SC228448 frs-core:ShareCapital 2024-04-05 SC228448 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 SC228448 frs-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 SC228448 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 SC228448 frs-bus:SmallEntities 2023-04-06 2024-04-05 SC228448 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 SC228448 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 SC228448 frs-bus:Director1 2023-04-06 2024-04-05 SC228448 frs-bus:Director2 2023-04-06 2024-04-05 SC228448 frs-bus:Director3 2023-04-06 2024-04-05 SC228448 frs-countries:Scotland 2023-04-06 2024-04-05 SC228448 2022-04-05 SC228448 2023-04-05 SC228448 2022-04-06 2023-04-05 SC228448 frs-core:CurrentFinancialInstruments 2023-04-05 SC228448 frs-core:ShareCapital 2023-04-05 SC228448 frs-core:RetainedEarningsAccumulatedLosses 2023-04-05
Registered number: SC228448
New Two Limited
Unaudited Financial Statements
For The Year Ended 5 April 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: SC228448
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,484 14,967
7,484 14,967
CURRENT ASSETS
Stocks 5 72,474 85,157
Debtors 6 175,938 192,637
Cash at bank and in hand 24,464 74,891
272,876 352,685
Creditors: Amounts Falling Due Within One Year 7 (216,467 ) (297,981 )
NET CURRENT ASSETS (LIABILITIES) 56,409 54,704
TOTAL ASSETS LESS CURRENT LIABILITIES 63,893 69,671
NET ASSETS 63,893 69,671
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 63,892 69,670
SHAREHOLDERS' FUNDS 63,893 69,671
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Page 2
For the year ending 5 April 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 Income Statement.
On behalf of the board
Austin Hardie
Director
06/11/2024
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
New Two Limited is a private company, limited by shares, incorporated in Scotland, registered number SC228448 . The registered office is 33 Dougrie Drive, Glasgow, G45 9AD.
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.
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% on Cost
2.4. 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: 22 (2023: 22)
22 22
4. Tangible Assets
Motor Vehicles
£
Cost
As at 6 April 2023 29,935
As at 5 April 2024 29,935
Depreciation
As at 6 April 2023 14,968
Provided during the period 7,483
As at 5 April 2024 22,451
Net Book Value
As at 5 April 2024 7,484
As at 6 April 2023 14,967
5. Stocks
2024 2023
£ £
Stock 72,474 85,157
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 167,779 190,727
Prepayments and accrued income 8,159 1,910
175,938 192,637
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 95,879 111,229
Other taxes and social security 9,343 7,193
VAT 47,166 27,810
Accruals and deferred income 16,745 19,236
Amounts owed to group undertakings 47,334 132,513
216,467 297,981
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Parent Undertaking
The company's Immediate and Ultimate parent undertaking is Second Opportunities SC0288441. Second Opportunities was incorporated in Scotland.
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