Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC496934 Mr David Patrick Jordan Boyd Mr David Boyd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC496934 2023-02-28 SC496934 2024-02-28 SC496934 2023-03-01 2024-02-28 SC496934 frs-core:CurrentFinancialInstruments 2024-02-28 SC496934 frs-core:Non-currentFinancialInstruments 2024-02-28 SC496934 frs-core:BetweenOneFiveYears 2024-02-28 SC496934 frs-core:MotorVehicles 2024-02-28 SC496934 frs-core:MotorVehicles 2023-03-01 2024-02-28 SC496934 frs-core:MotorVehicles 2023-02-28 SC496934 frs-core:PlantMachinery 2024-02-28 SC496934 frs-core:PlantMachinery 2023-03-01 2024-02-28 SC496934 frs-core:PlantMachinery 2023-02-28 SC496934 frs-core:WithinOneYear 2024-02-28 SC496934 frs-core:ShareCapital 2024-02-28 SC496934 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC496934 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC496934 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC496934 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC496934 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC496934 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC496934 frs-bus:Director1 2023-03-01 2024-02-28 SC496934 frs-bus:Director1 2023-02-28 SC496934 frs-bus:Director1 2024-02-28 SC496934 frs-bus:Director2 2023-03-01 2024-02-28 SC496934 frs-countries:Scotland 2023-03-01 2024-02-28 SC496934 2022-02-28 SC496934 2023-02-28 SC496934 2022-03-01 2023-02-28 SC496934 frs-core:CurrentFinancialInstruments 2023-02-28 SC496934 frs-core:Non-currentFinancialInstruments 2023-02-28 SC496934 frs-core:BetweenOneFiveYears 2023-02-28 SC496934 frs-core:WithinOneYear 2023-02-28 SC496934 frs-core:ShareCapital 2023-02-28 SC496934 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC496934
Monument Ssas Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Almond Valley Accounting Limited
CIMA
Suite 14 Ellismuir House Ellismuir Way
Uddingston
Glasgow
G71 5PW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC496934
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,876 36,232
65,876 36,232
CURRENT ASSETS
Stocks 5 30,000 30,000
Debtors 6 116,285 88,420
Cash at bank and in hand 12,600 7,232
158,885 125,652
Creditors: Amounts Falling Due Within One Year 7 (101,079 ) (103,281 )
NET CURRENT ASSETS (LIABILITIES) 57,806 22,371
TOTAL ASSETS LESS CURRENT LIABILITIES 123,682 58,603
Creditors: Amounts Falling Due After More Than One Year 8 (55,303 ) (33,988 )
NET ASSETS 68,379 24,615
CAPITAL AND RESERVES
Called up share capital 10 40,100 40,100
Profit and Loss Account 28,279 (15,485 )
SHAREHOLDERS' FUNDS 68,379 24,615
Page 1
Page 2
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 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 David Patrick Jordan Boyd
Director
28/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Monument Ssas Limited is a private company, limited by shares, incorporated in Scotland, registered number SC496934 . The registered office is Office 6, Forrester Lodge, Inglewood, Alloa, FK10 2HU.
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 20% straight line
Motor Vehicles 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
Page 3
Page 4
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 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: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 3,302 64,391 67,693
Additions 1,569 43,525 45,094
Disposals - (32,396 ) (32,396 )
As at 28 February 2024 4,871 75,520 80,391
Depreciation
As at 1 March 2023 1,318 30,143 31,461
Provided during the period 727 5,634 6,361
Disposals - (23,307 ) (23,307 )
As at 28 February 2024 2,045 12,470 14,515
Net Book Value
As at 28 February 2024 2,826 63,050 65,876
As at 1 March 2023 1,984 34,248 36,232
5. Stocks
2024 2023
£ £
Work in progress 30,000 30,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,700 3,420
Other debtors 106,246 85,000
108,946 88,420
Due after more than one year
Other debtors 7,339 -
116,285 88,420
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,013 16,965
Bank loans and overdrafts 7,454 7,343
Other loans 54,000 54,000
Taxation and social security 22,612 24,973
101,079 103,281
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,465 18,198
Bank loans 8,838 15,790
55,303 33,988
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,013 16,965
Later than one year and not later than five years 46,465 18,198
63,478 35,163
63,478 35,163
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,100 40,100
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr David Boyd 84,500 21,745 - - 106,245
The above loan is unsecured, interest free and repayable on demand.
Page 6