Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC708889 Iain McGillivray Candice Lee Mcgillivray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC708889 2023-02-28 SC708889 2024-02-29 SC708889 2023-03-01 2024-02-29 SC708889 frs-core:CurrentFinancialInstruments 2024-02-29 SC708889 frs-core:ComputerEquipment 2024-02-29 SC708889 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC708889 frs-core:ComputerEquipment 2023-02-28 SC708889 frs-core:FurnitureFittings 2024-02-29 SC708889 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC708889 frs-core:FurnitureFittings 2023-02-28 SC708889 frs-core:ShareCapital 2024-02-29 SC708889 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC708889 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC708889 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC708889 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC708889 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC708889 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC708889 frs-bus:Director1 2023-03-01 2024-02-29 SC708889 frs-bus:Director2 2023-03-01 2024-02-29 SC708889 frs-countries:Scotland 2023-03-01 2024-02-29 SC708889 2022-02-28 SC708889 2023-02-28 SC708889 2022-03-01 2023-02-28 SC708889 frs-core:CurrentFinancialInstruments 2023-02-28 SC708889 frs-core:ShareCapital 2023-02-28 SC708889 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC708889
Rock White Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC708889
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,711 3,780
5,711 3,780
CURRENT ASSETS
Stocks 5 14,250 -
Debtors 6 56,521 9,032
Cash at bank and in hand 5,590 27,104
76,361 36,136
Creditors: Amounts Falling Due Within One Year 7 (42,907 ) (19,191 )
NET CURRENT ASSETS (LIABILITIES) 33,454 16,945
TOTAL ASSETS LESS CURRENT LIABILITIES 39,165 20,725
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,428 ) (718 )
NET ASSETS 37,737 20,007
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 37,637 19,907
SHAREHOLDERS' FUNDS 37,737 20,007
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Page 2
For the year ending 29 February 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
Iain McGillivray
Director
8 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Rock White Limited is a private company, limited by shares, incorporated in Scotland, registered number SC708889 . The registered office is 27 Mcleod Green, North Berwick, EH39 5GY.
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. Going Concern Disclosure
The accounts have been prepared on a going concern principle which assumes that the company will continue to trade in the foreseeable future. The directors have no concerns that the company will continue to trade for at least 12 months from the signing of these financial statements.
2.3. Turnover
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.
2.4. 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% on Cost
Computer Equipment 20% on Cost
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.
2.6. 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.
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2.7. Pensions
Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.8. Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.9. Provisions
Provisions Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recgonised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: )
3 -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 3,276 1,449 4,725
Additions 396 2,631 3,027
As at 29 February 2024 3,672 4,080 7,752
Depreciation
As at 1 March 2023 655 290 945
Provided during the period 695 401 1,096
As at 29 February 2024 1,350 691 2,041
Net Book Value
As at 29 February 2024 2,322 3,389 5,711
As at 1 March 2023 2,621 1,159 3,780
5. Stocks
2024 2023
£ £
Work in progress 14,250 -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 56,521 9,032
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 1,200
Taxation and social security 42,907 17,991
42,907 19,191
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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