Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC654276 Mr Gordon Hunter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC654276 2023-02-28 SC654276 2024-02-29 SC654276 2023-03-01 2024-02-29 SC654276 frs-core:CurrentFinancialInstruments 2024-02-29 SC654276 frs-core:ShareCapital 2024-02-29 SC654276 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC654276 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC654276 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC654276 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC654276 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC654276 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC654276 frs-bus:Director1 2023-03-01 2024-02-29 SC654276 frs-countries:Scotland 2023-03-01 2024-02-29 SC654276 2022-02-28 SC654276 2023-02-28 SC654276 2022-03-01 2023-02-28 SC654276 frs-core:CurrentFinancialInstruments 2023-02-28 SC654276 frs-core:ShareCapital 2023-02-28 SC654276 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC654276
Road Surfacing Products Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Almond Valley Accounting Limited
CIMA
Suite 14 Ellismuir House Ellismuir Way
Uddingston
Glasgow
G71 5PW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC654276
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,848 1,848
Cash at bank and in hand 2,337 2,338
4,185 4,186
Creditors: Amounts Falling Due Within One Year 5 (1,345 ) (1,345 )
NET CURRENT ASSETS (LIABILITIES) 2,840 2,841
TOTAL ASSETS LESS CURRENT LIABILITIES 2,840 2,841
NET ASSETS 2,840 2,841
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 2,839 2,840
SHAREHOLDERS' FUNDS 2,840 2,841
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 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 Gordon Hunter
Director
15/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Road Surfacing Products Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC654276 . The registered office is Logans House, Lochlands Industrial Estate, Larbert, FK5 3NS.
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. 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
4. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets 487 487
VAT 48 48
Other taxes and social security 1,313 1,313
1,848 1,848
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (5 ) (5 )
Accruals and deferred income 650 650
Amounts owed to related parties 700 700
1,345 1,345
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3