Acorah Software Products - Accounts Production 15.0.600 false true false 16 March 2023 31 March 2024 31 March 2024 SC762547 Mr Clark Murray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC762547 2023-03-15 SC762547 2024-03-31 SC762547 2023-03-16 2024-03-31 SC762547 frs-core:Non-currentFinancialInstruments 2024-03-31 SC762547 frs-core:ComputerEquipment 2023-03-16 2024-03-31 SC762547 frs-core:NetGoodwill 2023-03-16 2024-03-31 SC762547 frs-core:MotorVehicles 2023-03-16 2024-03-31 SC762547 frs-core:PlantMachinery 2023-03-16 2024-03-31 SC762547 frs-core:ShareCapital 2024-03-31 SC762547 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC762547 frs-bus:PrivateLimitedCompanyLtd 2023-03-16 2024-03-31 SC762547 frs-bus:FilletedAccounts 2023-03-16 2024-03-31 SC762547 frs-bus:SmallEntities 2023-03-16 2024-03-31 SC762547 frs-bus:AuditExempt-NoAccountantsReport 2023-03-16 2024-03-31 SC762547 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-16 2024-03-31 SC762547 frs-bus:Director1 2023-03-16 2024-03-31 SC762547 frs-countries:Scotland 2023-03-16 2024-03-31
Registered number: SC762547
Summerside Blinds Ltd
Unaudited Financial Statements
For the Period 16 March 2023 to 31 March 2024
C.I.K. Accounting Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC762547
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4,798
Tangible Assets 7,532
12,330
CURRENT ASSETS
Stocks 6,500
Debtors 17,131
Cash at bank and in hand 61,739
85,370
Creditors: Amounts Falling Due Within One Year (89,923 )
NET CURRENT ASSETS (LIABILITIES) (4,553 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,777
Creditors: Amounts Falling Due After More Than One Year (13,040 )
NET LIABILITIES (5,263 )
CAPITAL AND RESERVES
Called up share capital 4 1
Profit and Loss Account (5,264 )
SHAREHOLDERS' FUNDS (5,263)
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For the period 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 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 Clark Murray
Director
03/12/2024
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
Summerside Blinds Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC762547 . The registered office is DunEden Business Centre, c/o C.I.K. Accounting Solutions Ltd, 8 Harrison Road, Dundee, DD2 3SN.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. 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.
2.6. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 6
6
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4. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 1
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