Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC263469 Mr Douglas Gray Mrs Christine Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC263469 2023-02-28 SC263469 2024-02-29 SC263469 2023-03-01 2024-02-29 SC263469 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC263469 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 SC263469 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC263469 frs-core:ShareCapital 2024-02-29 SC263469 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC263469 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC263469 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 SC263469 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC263469 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC263469 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC263469 frs-core:CostValuation 2023-02-28 SC263469 frs-core:CostValuation 2024-02-29 SC263469 frs-bus:Director1 2023-03-01 2024-02-29 SC263469 frs-bus:Director2 2023-03-01 2024-02-29 SC263469 frs-countries:Scotland 2023-03-01 2024-02-29 SC263469 2022-02-28 SC263469 2023-02-28 SC263469 2022-03-01 2023-02-28 SC263469 frs-core:ShareCapital 2023-02-28 SC263469 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC263469
1178 Edin Ltd.
ABRIDGED Financial Statements
For The Year Ended 29 February 2024
James Fraser & Co.
Chartered Accountants
3 Coates Place
Edinburgh
EH3 7AA
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: SC263469
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,000 6,000
Tangible Assets 5 824 -
Investments 6 4,226 4,226
9,050 10,226
CURRENT ASSETS
Cash at bank and in hand 19,870 9,561
19,870 9,561
Creditors: Amounts Falling Due Within One Year (50,987 ) (47,598 )
NET CURRENT ASSETS (LIABILITIES) (31,117 ) (38,037 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,067 ) (27,811 )
NET LIABILITIES (22,067 ) (27,811 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (22,167 ) (27,911 )
SHAREHOLDERS' FUNDS (22,067) (27,811)
Page 1
Page 2
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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Douglas Gray
Director
20 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
1178 Edin Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC263469 . The registered office is 3 Coates Place, Edinburgh, EH3 7AA.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Patents and licences are being amortised to the profit and loss account over their estimated economic life of 10 years.
2.4. 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:
Motor Vehicles 20% straight line
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Total
£
Cost
As at 1 March 2023 20,000
As at 29 February 2024 20,000
Amortisation
As at 1 March 2023 14,000
Provided during the period 2,000
As at 29 February 2024 16,000
Net Book Value
As at 29 February 2024 4,000
As at 1 March 2023 6,000
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5. Tangible Assets
Total
£
Cost
As at 1 March 2023 44,713
Additions 1,099
As at 29 February 2024 45,812
Depreciation
As at 1 March 2023 44,713
Provided during the period 275
As at 29 February 2024 44,988
Net Book Value
As at 29 February 2024 824
As at 1 March 2023 -
6. Investments
Total
£
Cost
As at 1 March 2023 4,226
As at 29 February 2024 4,226
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 4,226
As at 1 March 2023 4,226
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4