Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC675285 Mr Paul Crandles Mr Paul Crandles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC675285 2023-09-30 SC675285 2024-09-30 SC675285 2023-10-01 2024-09-30 SC675285 frs-core:CurrentFinancialInstruments 2024-09-30 SC675285 frs-core:Non-currentFinancialInstruments 2024-09-30 SC675285 frs-core:ComputerEquipment 2024-09-30 SC675285 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC675285 frs-core:ComputerEquipment 2023-09-30 SC675285 frs-core:FurnitureFittings 2024-09-30 SC675285 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC675285 frs-core:FurnitureFittings 2023-09-30 SC675285 frs-core:ShareCapital 2024-09-30 SC675285 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC675285 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC675285 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC675285 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC675285 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC675285 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC675285 frs-bus:Director1 2023-10-01 2024-09-30 SC675285 frs-bus:Director1 2023-09-30 SC675285 frs-bus:Director1 2024-09-30 SC675285 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC675285 frs-core:CurrentFinancialInstruments 1 2024-09-30 SC675285 frs-countries:Scotland 2023-10-01 2024-09-30 SC675285 2022-09-30 SC675285 2023-09-30 SC675285 2022-10-01 2023-09-30 SC675285 frs-core:CurrentFinancialInstruments 2023-09-30 SC675285 frs-core:Non-currentFinancialInstruments 2023-09-30 SC675285 frs-core:ShareCapital 2023-09-30 SC675285 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC675285 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: SC675285
Crandles & Co Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Akkounted Limited
47 Fergusson Road
Dunfermline
Fife
KY11 8NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC675285
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 568 1,298
568 1,298
CURRENT ASSETS
Debtors 5 78,526 20,591
Cash at bank and in hand - 72
78,526 20,663
Creditors: Amounts Falling Due Within One Year 6 (24,520 ) (21,934 )
NET CURRENT ASSETS (LIABILITIES) 54,006 (1,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 54,574 27
Creditors: Amounts Falling Due After More Than One Year 7 (80,000 ) -
NET (LIABILITIES)/ASSETS (25,426 ) 27
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (25,427 ) 26
SHAREHOLDERS' FUNDS (25,426) 27
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For the year ending 30 September 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 Paul Crandles
Director
14/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Crandles & Co Limited is a private company, limited by shares, incorporated in Scotland, registered number SC675285 . The registered office is Old Coates House, 32 Manor Place, Edinburgh, EH3 7EB.
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:
Fixtures & Fittings 25% straight line p.a.
Computer Equipment 33% straight line p.a.
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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: 4 (2023: 4)
4 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 3,529 3,345 6,874
Additions - 229 229
As at 30 September 2024 3,529 3,574 7,103
Depreciation
As at 1 October 2023 2,231 3,345 5,576
Provided during the period 882 77 959
As at 30 September 2024 3,113 3,422 6,535
Net Book Value
As at 30 September 2024 416 152 568
As at 1 October 2023 1,298 - 1,298
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,164 -
Director's loan account 76,362 20,591
78,526 20,591
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 30 -
Corporation tax (6,392 ) 12,655
Other taxes and social security 12,635 830
Other creditors 6,141 8,345
Pensions payable 10,533 -
Accruals and deferred income 1,574 104
24,520 21,934
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 80,000 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Paul Crandles 20,591 126,321 (70,550 ) - 76,362
The above loan is unsecured, repayable on demand and attracts interest at 2.5% while outstanding.
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