Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC376647 Mr Leonard Scott McAllister Mrs Caroline McAllister Mr Leonard McAllister true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC376647 2023-04-30 SC376647 2024-04-30 SC376647 2023-05-01 2024-04-30 SC376647 frs-core:CurrentFinancialInstruments 2024-04-30 SC376647 frs-core:Non-currentFinancialInstruments 2024-04-30 SC376647 frs-core:ComputerEquipment 2024-04-30 SC376647 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC376647 frs-core:ComputerEquipment 2023-04-30 SC376647 frs-core:FurnitureFittings 2024-04-30 SC376647 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC376647 frs-core:FurnitureFittings 2023-04-30 SC376647 frs-core:PlantMachinery 2024-04-30 SC376647 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC376647 frs-core:PlantMachinery 2023-04-30 SC376647 frs-core:ShareCapital 2024-04-30 SC376647 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC376647 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC376647 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC376647 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC376647 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC376647 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC376647 1 2023-05-01 2024-04-30 SC376647 frs-bus:Director1 2023-05-01 2024-04-30 SC376647 frs-bus:Director2 2023-05-01 2024-04-30 SC376647 frs-countries:Scotland 2023-05-01 2024-04-30 SC376647 2022-04-30 SC376647 2023-04-30 SC376647 2022-05-01 2023-04-30 SC376647 frs-core:CurrentFinancialInstruments 2023-04-30 SC376647 frs-core:Non-currentFinancialInstruments 2023-04-30 SC376647 frs-core:ShareCapital 2023-04-30 SC376647 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC376647
Scott McAllister Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC376647
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,692 3,036
Investments 1 1
1,693 3,037
CURRENT ASSETS
Stocks 5 14,500 12,813
Debtors 6 34,856 34,983
Cash at bank and in hand 9,623 10,283
58,979 58,079
Creditors: Amounts Falling Due Within One Year 7 (28,379 ) (18,529 )
NET CURRENT ASSETS (LIABILITIES) 30,600 39,550
TOTAL ASSETS LESS CURRENT LIABILITIES 32,293 42,587
Creditors: Amounts Falling Due After More Than One Year 8 (11,361 ) (16,944 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (322 ) (577 )
NET ASSETS 20,610 25,066
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 20,510 24,966
SHAREHOLDERS' FUNDS 20,610 25,066
Page 1
Page 2
For the year ending 30 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 Profit and Loss Account.
On behalf of the board
Mr Leonard Scott McAllister
Director
20/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Scott McAllister Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC376647 . The registered office is 35 Guthrie Street, Edinburgh, EH1 1JG.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 2,006 1,979 5,559 9,544
Additions - - 125 125
As at 30 April 2024 2,006 1,979 5,684 9,669
...CONTINUED
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Page 4
Depreciation
As at 1 May 2023 727 1,237 4,544 6,508
Provided during the period 501 186 782 1,469
As at 30 April 2024 1,228 1,423 5,326 7,977
Net Book Value
As at 30 April 2024 778 556 358 1,692
As at 1 May 2023 1,279 742 1,015 3,036
5. Stocks
2024 2023
£ £
Work in progress 14,500 12,813
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,879 18,635
Other debtors 1,672 1,716
9,551 20,351
Due after more than one year
Other debtors 25,305 14,632
34,856 34,983
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 341 744
Bank loans and overdrafts 5,980 5,980
Other creditors 2,375 1,895
Taxation and social security 19,683 9,910
28,379 18,529
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,361 16,944
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an
arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
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11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Leonard McAllister by virtue of his ownership of 80% of the issued share capital in the company.
Page 5