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 SC690107 Mr Calum Watson Mr Calum Watson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC690107 2023-02-28 SC690107 2024-02-29 SC690107 2023-03-01 2024-02-29 SC690107 frs-core:CurrentFinancialInstruments 2024-02-29 SC690107 frs-core:Non-currentFinancialInstruments 2024-02-29 SC690107 frs-core:BetweenOneFiveYears 2024-02-29 SC690107 frs-core:MotorVehicles 2024-02-29 SC690107 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC690107 frs-core:MotorVehicles 2023-02-28 SC690107 frs-core:PlantMachinery 2024-02-29 SC690107 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC690107 frs-core:PlantMachinery 2023-02-28 SC690107 frs-core:WithinOneYear 2024-02-29 SC690107 frs-core:ShareCapital 2024-02-29 SC690107 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC690107 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC690107 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC690107 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC690107 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC690107 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC690107 1 2023-03-01 2024-02-29 SC690107 frs-bus:Director1 2023-03-01 2024-02-29 SC690107 frs-countries:Scotland 2023-03-01 2024-02-29 SC690107 2022-02-28 SC690107 2023-02-28 SC690107 2022-03-01 2023-02-28 SC690107 frs-core:CurrentFinancialInstruments 2023-02-28 SC690107 frs-core:Non-currentFinancialInstruments 2023-02-28 SC690107 frs-core:BetweenOneFiveYears 2023-02-28 SC690107 frs-core:WithinOneYear 2023-02-28 SC690107 frs-core:ShareCapital 2023-02-28 SC690107 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC690107
Calmech Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC690107
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 101,200 85,383
101,200 85,383
CURRENT ASSETS
Stocks 5 2,000 -
Debtors 6 641,426 275,459
Cash at bank and in hand 219,136 132,301
862,562 407,760
Creditors: Amounts Falling Due Within One Year 7 (301,399 ) (272,702 )
NET CURRENT ASSETS (LIABILITIES) 561,163 135,058
TOTAL ASSETS LESS CURRENT LIABILITIES 662,363 220,441
Creditors: Amounts Falling Due After More Than One Year 8 (62,280 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,228 ) -
NET ASSETS 580,855 220,441
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 580,854 220,440
SHAREHOLDERS' FUNDS 580,855 220,441
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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 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 Calum Watson
Director
30/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Calmech Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC690107 . The registered office is 221-223 Balgreen Road, Edinburgh, Scotland, EH11 2RZ.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 20% straight line
2.4. 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.
2.5. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 833 129,676 130,509
Additions 2,762 86,319 89,081
Disposals - (73,545 ) (73,545 )
As at 29 February 2024 3,595 142,450 146,045
Depreciation
As at 1 March 2023 832 44,294 45,126
Provided during the period 537 26,823 27,360
Disposals - (27,641 ) (27,641 )
As at 29 February 2024 1,369 43,476 44,845
Net Book Value
As at 29 February 2024 2,226 98,974 101,200
As at 1 March 2023 1 85,382 85,383
5. Stocks
2024 2023
£ £
Materials 2,000 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 582,060 172,239
Other debtors 59,366 103,220
641,426 275,459
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,672 -
Trade creditors 122,480 207,676
Other creditors 6,415 23,500
Taxation and social security 149,832 41,526
301,399 272,702
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 62,280 -
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,672 -
Later than one year and not later than five years 62,280 -
84,952 -
84,952 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr Calum Watson by virtue of his ownership of 100% of the issued share capital in the company.
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