Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC504413 Mr Martin McAdam Mr Alan Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC504413 2023-03-31 SC504413 2024-03-31 SC504413 2023-04-01 2024-03-31 SC504413 frs-core:CurrentFinancialInstruments 2024-03-31 SC504413 frs-core:ComputerEquipment 2024-03-31 SC504413 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC504413 frs-core:ComputerEquipment 2023-03-31 SC504413 frs-core:SharePremium 2024-03-31 SC504413 frs-core:ShareCapital 2024-03-31 SC504413 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC504413 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC504413 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC504413 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC504413 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC504413 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC504413 frs-bus:Director1 2023-04-01 2024-03-31 SC504413 frs-bus:Director2 2023-04-01 2024-03-31 SC504413 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC504413 frs-countries:Scotland 2023-04-01 2024-03-31 SC504413 2022-03-31 SC504413 2023-03-31 SC504413 2022-04-01 2023-03-31 SC504413 frs-core:CurrentFinancialInstruments 2023-03-31 SC504413 frs-core:SharePremium 2023-03-31 SC504413 frs-core:ShareCapital 2023-03-31 SC504413 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC504413 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: SC504413
Abercromby Power Limited
Financial Statements
For The Year Ended 31 March 2024
James Fraser & Co.
Chartered Accountants
3 Coates Place
Edinburgh
EH3 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC504413
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89 1,006
89 1,006
CURRENT ASSETS
Debtors 5 10,801 6,406
Cash at bank and in hand 15,320 19,945
26,121 26,351
Creditors: Amounts Falling Due Within One Year 6 (16,645 ) (5,195 )
NET CURRENT ASSETS (LIABILITIES) 9,476 21,156
TOTAL ASSETS LESS CURRENT LIABILITIES 9,565 22,162
NET ASSETS 9,565 22,162
CAPITAL AND RESERVES
Called up share capital 7 102 102
Share premium account 49,989 49,989
Profit and Loss Account (40,526 ) (27,929 )
SHAREHOLDERS' FUNDS 9,565 22,162
Page 1
Page 2
For the year ending 31 March 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 Martin McAdam
Director
22 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Abercromby Power Limited is a private company, limited by shares, incorporated in Scotland, registered number SC504413 . The registered office is 32a Abercromby Place, Edinburgh, EH3 6QE.
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:
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 8,401
As at 31 March 2024 8,401
Depreciation
As at 1 April 2023 7,395
Provided during the period 917
As at 31 March 2024 8,312
Net Book Value
As at 31 March 2024 89
As at 1 April 2023 1,006
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,126 1,676
Prepayments and accrued income 1,235 1,410
Other debtors 3,440 3,320
10,801 6,406
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 693 1,266
PAYE and NIC creditor 1,805 -
VAT liability 1,899 2,429
Pensions payable 688 -
Accrued expenses 1,560 1,500
Directors' loan accounts 10,000 -
16,645 5,195
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
Page 4