Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 8 February 2022 false 1 March 2023 28 February 2024 28 February 2024 SC722420 Mr R B Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC722420 2023-02-28 SC722420 2024-02-28 SC722420 2023-03-01 2024-02-28 SC722420 frs-core:CurrentFinancialInstruments 2024-02-28 SC722420 frs-core:MotorVehicles 2024-02-28 SC722420 frs-core:MotorVehicles 2023-03-01 2024-02-28 SC722420 frs-core:MotorVehicles 2023-02-28 SC722420 frs-core:PlantMachinery 2024-02-28 SC722420 frs-core:PlantMachinery 2023-03-01 2024-02-28 SC722420 frs-core:PlantMachinery 2023-02-28 SC722420 frs-core:ShareCapital 2024-02-28 SC722420 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC722420 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC722420 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC722420 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC722420 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC722420 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC722420 frs-bus:Director1 2023-03-01 2024-02-28 SC722420 frs-countries:Scotland 2023-03-01 2024-02-28 SC722420 2022-02-07 SC722420 2023-02-28 SC722420 2022-02-08 2023-02-28 SC722420 frs-core:CurrentFinancialInstruments 2023-02-28 SC722420 frs-core:ShareCapital 2023-02-28 SC722420 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC722420
Marshall Electrical Services (Scotland) Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC722420
28 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,306 12,650
35,306 12,650
CURRENT ASSETS
Stocks 5 3,000 3,000
Debtors 6 15,223 6,387
Cash at bank and in hand 14,784 2,558
33,007 11,945
Creditors: Amounts Falling Due Within One Year 7 (60,394 ) (22,485 )
NET CURRENT ASSETS (LIABILITIES) (27,387 ) (10,540 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,919 2,110
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,807 ) -
NET ASSETS 3,112 2,110
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 3,012 2,010
SHAREHOLDERS' FUNDS 3,112 2,110
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For the year ending 28 February 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 R B Marshall
Director
18th November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Marshall Electrical Services (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC722420 . The registered office is Heatherlea, Norrieston, Thornhill, Stirling, FK8 3PP.
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 25% Reducing Balance
Motor Vehicles 20% Reducing Balance
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.
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 3,000 13,000 16,000
Additions 1,731 30,000 31,731
As at 28 February 2024 4,731 43,000 47,731
Depreciation
As at 1 March 2023 750 2,600 3,350
Provided during the period 995 8,080 9,075
As at 28 February 2024 1,745 10,680 12,425
Net Book Value
As at 28 February 2024 2,986 32,320 35,306
As at 1 March 2023 2,250 10,400 12,650
5. Stocks
28 February 2024 28 February 2023
£ £
Stock 3,000 3,000
6. Debtors
28 February 2024 28 February 2023
£ £
Due within one year
Trade debtors 12,954 4,368
Other debtors 2,269 2,019
15,223 6,387
7. Creditors: Amounts Falling Due Within One Year
28 February 2024 28 February 2023
£ £
Trade creditors 5,205 4,330
Other creditors 43,010 10,668
Taxation and social security 12,179 7,487
60,394 22,485
8. Share Capital
28 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 100 100
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