Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 NI000153 Mr Edward Quinn Mr William Brann Mrs Jill Brann Mrs Jill Brann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI000153 2023-02-28 NI000153 2024-02-29 NI000153 2023-03-01 2024-02-29 NI000153 frs-core:CurrentFinancialInstruments 2024-02-29 NI000153 frs-core:ComputerEquipment 2024-02-29 NI000153 frs-core:ComputerEquipment 2023-03-01 2024-02-29 NI000153 frs-core:ComputerEquipment 2023-02-28 NI000153 frs-core:FurnitureFittings 2024-02-29 NI000153 frs-core:FurnitureFittings 2023-03-01 2024-02-29 NI000153 frs-core:FurnitureFittings 2023-02-28 NI000153 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 NI000153 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 NI000153 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 NI000153 frs-core:PlantMachinery 2024-02-29 NI000153 frs-core:PlantMachinery 2023-03-01 2024-02-29 NI000153 frs-core:PlantMachinery 2023-02-28 NI000153 frs-core:CapitalRedemptionReserve 2024-02-29 NI000153 frs-core:ShareCapital 2024-02-29 NI000153 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI000153 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI000153 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 NI000153 frs-bus:SmallEntities 2023-03-01 2024-02-29 NI000153 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 NI000153 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI000153 frs-core:UnlistedNon-exchangeTraded 2024-02-29 NI000153 frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI000153 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI000153 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 NI000153 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI000153 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 NI000153 frs-bus:Director1 2023-03-01 2024-02-29 NI000153 frs-bus:Director2 2023-03-01 2024-02-29 NI000153 frs-bus:Director3 2023-03-01 2024-02-29 NI000153 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 NI000153 frs-core:CurrentFinancialInstruments 1 2024-02-29 NI000153 frs-core:Non-currentFinancialInstruments 5 2024-02-29 NI000153 frs-countries:NorthernIreland 2023-03-01 2024-02-29 NI000153 2022-02-28 NI000153 2023-02-28 NI000153 2022-03-01 2023-02-28 NI000153 frs-core:CurrentFinancialInstruments 2023-02-28 NI000153 frs-core:CapitalRedemptionReserve 2023-02-28 NI000153 frs-core:ShareCapital 2023-02-28 NI000153 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI000153 frs-core:CurrentFinancialInstruments 1 2023-02-28 NI000153 frs-core:Non-currentFinancialInstruments 5 2023-02-28
Registered number: NI000153
Beck & Scott, Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
QuinnAccountancy
63 Castleward Road
Downpatrick
BT30 7JT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI000153
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 282,073 283,918
Investments 5 20,000 20,000
302,073 303,918
CURRENT ASSETS
Stocks 6 25,162 21,619
Debtors 7 157,643 274,782
Cash at bank and in hand 65,527 13,201
248,332 309,602
Creditors: Amounts Falling Due Within One Year 8 (4,451 ) (86,598 )
NET CURRENT ASSETS (LIABILITIES) 243,881 223,004
TOTAL ASSETS LESS CURRENT LIABILITIES 545,954 526,922
NET ASSETS 545,954 526,922
CAPITAL AND RESERVES
Called up share capital 9 22,860 22,860
Capital redemption reserve 13,140 13,140
Profit and Loss Account 509,954 490,922
SHAREHOLDERS' FUNDS 545,954 526,922
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.
On behalf of the board
Mr William Brann
Director
14th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Beck & Scott, Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI000153 . The registered office is Unit 1, Ravenhill Business Park, Ravenhill Road, Belfast, BT6 8AW.
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:
Freehold 0
Plant & Machinery 15
Fixtures & Fittings 15
Computer Equipment 25
2.4. 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.
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 271,601 24,055 16,079 15,541 327,276
As at 29 February 2024 271,601 24,055 16,079 15,541 327,276
Depreciation
As at 1 March 2023 - 11,750 16,078 15,530 43,358
Provided during the period - 1,845 - - 1,845
As at 29 February 2024 - 13,595 16,078 15,530 45,203
Net Book Value
As at 29 February 2024 271,601 10,460 1 11 282,073
As at 1 March 2023 271,601 12,305 1 11 283,918
5. Investments
Unlisted
£
Cost
As at 1 March 2023 20,000
As at 29 February 2024 20,000
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 20,000
As at 1 March 2023 20,000
6. Stocks
2024 2023
£ £
Stock 25,162 21,619
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 141,388 259,908
Prepayments (Debtors < 1 year) 131 -
VAT 6,124 4,874
147,643 264,782
Due after more than one year
B&SS Dividend (Debtors > 1 year) 10,000 10,000
157,643 274,782
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,465 13,793
Bank loans and overdrafts 2,040 34,525
Corporation tax 162 -
Other taxes and social security 2,135 1,270
Other creditors 526 -
Beck & Scott (Services) Ltd (Current liabilities - creditors < 1 year) (13,877 ) 37,010
4,451 86,598
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 22,860 22,860
Page 5