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 SC357323 Mr William Keenan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC357323 2023-02-28 SC357323 2024-02-28 SC357323 2023-03-01 2024-02-28 SC357323 frs-core:CurrentFinancialInstruments 2024-02-28 SC357323 frs-core:Non-currentFinancialInstruments 2024-02-28 SC357323 frs-core:ComputerEquipment 2024-02-28 SC357323 frs-core:ComputerEquipment 2023-03-01 2024-02-28 SC357323 frs-core:ComputerEquipment 2023-02-28 SC357323 frs-core:FurnitureFittings 2024-02-28 SC357323 frs-core:FurnitureFittings 2023-03-01 2024-02-28 SC357323 frs-core:FurnitureFittings 2023-02-28 SC357323 frs-core:NetGoodwill 2024-02-28 SC357323 frs-core:NetGoodwill 2023-03-01 2024-02-28 SC357323 frs-core:NetGoodwill 2023-02-28 SC357323 frs-core:MotorVehicles 2024-02-28 SC357323 frs-core:MotorVehicles 2023-03-01 2024-02-28 SC357323 frs-core:MotorVehicles 2023-02-28 SC357323 frs-core:PlantMachinery 2024-02-28 SC357323 frs-core:PlantMachinery 2023-03-01 2024-02-28 SC357323 frs-core:PlantMachinery 2023-02-28 SC357323 frs-core:ShareCapital 2024-02-28 SC357323 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC357323 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC357323 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC357323 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC357323 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC357323 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC357323 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-02-28 SC357323 frs-bus:Director1 2023-03-01 2024-02-28 SC357323 frs-bus:Director1 2023-02-28 SC357323 frs-bus:Director1 2024-02-28 SC357323 frs-core:CurrentFinancialInstruments 1 2024-02-28 SC357323 frs-core:CurrentFinancialInstruments 2 2024-02-28 SC357323 frs-countries:Scotland 2023-03-01 2024-02-28 SC357323 2022-02-28 SC357323 2023-02-28 SC357323 2022-03-01 2023-02-28 SC357323 frs-core:CurrentFinancialInstruments 2023-02-28 SC357323 frs-core:Non-currentFinancialInstruments 2023-02-28 SC357323 frs-core:MotorVehicles 2022-03-01 2023-02-28 SC357323 frs-core:ShareCapital 2023-02-28 SC357323 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC357323 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-02-28 SC357323 frs-core:CurrentFinancialInstruments 1 2023-02-28 SC357323 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: SC357323
W Keenan (Scotland) Ltd.
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC357323
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 49,892 46,474
49,892 46,474
CURRENT ASSETS
Stocks 6 9,009 14,759
Debtors 7 308,606 276,986
Cash at bank and in hand 20 10,927
317,635 302,672
Creditors: Amounts Falling Due Within One Year 8 (182,522 ) (205,591 )
NET CURRENT ASSETS (LIABILITIES) 135,113 97,081
TOTAL ASSETS LESS CURRENT LIABILITIES 185,005 143,555
Creditors: Amounts Falling Due After More Than One Year 9 - (759 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (12,473 ) (8,830 )
NET ASSETS 172,532 133,966
CAPITAL AND RESERVES
Called up share capital 12 1 1
Profit and Loss Account 172,531 133,965
SHAREHOLDERS' FUNDS 172,532 133,966
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 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 William Keenan
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
W Keenan (Scotland) Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC357323 . The registered office is 2nd Floor, Belgrave Court, Rosehall Road, Bellshill, ML4 3NR.
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, excluding discounts, rebates, value added tax and other sales taxes.
The company provides building services mainly commercial customers within the construction industry. When the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion, the company recognises revenue on the sales of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. 
When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
Tangible assets are initially recognised at cost which is the purchase price plus any directly attributable costs.
Subsequently tangible assets are measured at cost less accumulated depreciation and impairment losses.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depeciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. 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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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2.7. Financial Instruments
The company only has basic financial instruments.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.10. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 35,000
As at 28 February 2024 35,000
Amortisation
As at 1 March 2023 35,000
As at 28 February 2024 35,000
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 849 58,409 478 3,639 63,375
Additions - 29,158 - 949 30,107
Disposals - (13,298 ) - - (13,298 )
As at 28 February 2024 849 74,269 478 4,588 80,184
Depreciation
As at 1 March 2023 40 14,833 136 1,892 16,901
Provided during the period 122 16,400 61 404 16,987
Disposals - (3,596 ) - - (3,596 )
As at 28 February 2024 162 27,637 197 2,296 30,292
Net Book Value
As at 28 February 2024 687 46,632 281 2,292 49,892
As at 1 March 2023 809 43,576 342 1,747 46,474
Included above are assets held under finance leases and hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 10,693 14,258
6. Stocks
2024 2023
£ £
Stocks 2,108 4,231
Work in progress 6,901 10,528
9,009 14,759
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 275,671 252,371
Other debtors 17,973 17,088
Director's loan account 14,962 7,527
308,606 276,986
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 759 4,311
Trade creditors 35,480 47,392
Bank loans and overdrafts 21,083 8,723
Corporation tax 25,938 34,435
Social security and other taxes 9,489 5,862
VAT 73,701 74,662
Other creditors 4,289 462
Pension Fund 2,204 1,723
Accrued expenses 9,579 28,021
182,522 205,591
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 759
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.

The Royal Bank of Scotland plc hold a floating charge over the assets of the company in relation to the bank overdraft facility.
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 12,473 8,830
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
13. 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 William Keenan 7,527 14,962 7,527 - 14,962
The loan to director is non-interest bearing and has been repaid within 9 months of the company year-end.
14. Related Party Transactions
The director W. Keenan has granted a personal guarantee of £20,000 in favour of the Royal Bank of Scotland PLC.
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