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 SC050045 Mr Bethan Onuonga Mrs Joyce Onuonga Mrs Tio White Mr Edwin White Mr Bethan Onuonga iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC050045 2023-02-28 SC050045 2024-02-29 SC050045 2023-03-01 2024-02-29 SC050045 frs-core:CurrentFinancialInstruments 2024-02-29 SC050045 frs-core:Non-currentFinancialInstruments 2024-02-29 SC050045 frs-core:BetweenOneFiveYears 2024-02-29 SC050045 frs-core:ComputerEquipment 2024-02-29 SC050045 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC050045 frs-core:ComputerEquipment 2023-02-28 SC050045 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 SC050045 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 SC050045 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 SC050045 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 SC050045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 SC050045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC050045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 SC050045 frs-core:MotorVehicles 2024-02-29 SC050045 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC050045 frs-core:MotorVehicles 2023-02-28 SC050045 frs-core:OtherResidualIntangibleAssets 2024-02-29 SC050045 frs-core:OtherResidualIntangibleAssets 2023-02-28 SC050045 frs-core:PlantMachinery 2024-02-29 SC050045 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC050045 frs-core:PlantMachinery 2023-02-28 SC050045 frs-core:WithinOneYear 2024-02-29 SC050045 frs-core:OtherReservesSubtotal 2024-02-29 SC050045 frs-core:ShareCapital 2024-02-29 SC050045 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC050045 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC050045 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC050045 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC050045 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC050045 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC050045 frs-core:ListedExchangeTraded 2024-02-29 SC050045 frs-core:ListedExchangeTraded 2023-02-28 SC050045 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 SC050045 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-29 SC050045 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 SC050045 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-29 SC050045 frs-bus:Director1 2023-03-01 2024-02-29 SC050045 frs-bus:Director2 2023-03-01 2024-02-29 SC050045 frs-bus:Director3 2023-03-01 2024-02-29 SC050045 frs-bus:Director4 2023-03-01 2024-02-29 SC050045 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 SC050045 frs-countries:Scotland 2023-03-01 2024-02-29 SC050045 2022-02-28 SC050045 2023-02-28 SC050045 2022-03-01 2023-02-28 SC050045 frs-core:CurrentFinancialInstruments 2023-02-28 SC050045 frs-core:Non-currentFinancialInstruments 2023-02-28 SC050045 frs-core:BetweenOneFiveYears 2023-02-28 SC050045 frs-core:MotorVehicles 2022-03-01 2023-02-28 SC050045 frs-core:WithinOneYear 2023-02-28 SC050045 frs-core:OtherReservesSubtotal 2023-02-28 SC050045 frs-core:ShareCapital 2023-02-28 SC050045 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC050045
John White & Son (Weighing Machines) Limited
Financial Statements
For The Year Ended 29 February 2024
Stewart Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—10
Page 1
Balance Sheet
Registered number: SC050045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 311,701 341,763
Investments 6 100 100
311,801 341,863
CURRENT ASSETS
Stocks 7 29,605 30,354
Debtors 8 1,285,254 1,249,533
Cash at bank and in hand 174 394
1,315,033 1,280,281
Creditors: Amounts Falling Due Within One Year 9 (757,187 ) (701,680 )
NET CURRENT ASSETS (LIABILITIES) 557,846 578,601
TOTAL ASSETS LESS CURRENT LIABILITIES 869,647 920,464
Creditors: Amounts Falling Due After More Than One Year 10 (65,728 ) (130,683 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,966 ) (38,484 )
NET ASSETS 759,953 751,297
CAPITAL AND RESERVES
Called up share capital 13 39,500 39,500
Other reserves 64,702 64,702
Profit and Loss Account 655,751 647,095
SHAREHOLDERS' FUNDS 759,953 751,297
Page 1
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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 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 Bethan Onuonga
Director
30th November 2024
The notes on pages 3 to 10 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
John White & Son (Weighing Machines) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC050045 . The registered office is 6 Back Dykes, Auchtermuchty, Fife, KY14 7DW.
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.
Construction Contracts
Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting date. Variations in contract work, claims and incentive payments, are included to the extent that the amount can be measured reliably and its receipt is considered probable. 
When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.
Where the outcome of the construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred they are not included in contract costs if the contract is obtained in a subsequent period.
The percentage of completion method is used to determine the appropriate amount to recognise in the given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the total contract costs. Costs incurred in the year in connection with future activity on a contract is excluded from contract costs in determining the stage of completion. These costs are presented as stock prepayments or other assets depending on their nature.
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2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses. 
Customer database are being amortised evenly over their estimated useful life of five years. 
2.4. Research and Development
Expenditure on research and development is written off in the year in which it is incurred.
2.5. 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:
Heritable Property 2% on reducing balance
Improvements to Property 20% per annum on cost
Plant & Machinery 25% per annum on cost
Motor Vehicles 25% per annum on cost
Computer Equipment 20% per annum on cost and 10% per annum on cost
2.6. 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.
2.7. 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.
2.8. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments including loans and other accounts receivable and payable, are initially measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
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2.9. 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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.11. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.12. Preparation of Consolidated Financial Statements
The financial statements contain information about John White & Son (Weighing Machines) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. 
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2.13. Investments in Subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
4. Intangible Assets
Customer Database
£
Cost
As at 1 March 2023 12,000
As at 29 February 2024 12,000
Amortisation
As at 1 March 2023 12,000
As at 29 February 2024 12,000
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Land & Property
Heritable Property Improvements to Property Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 March 2023 135,000 26,719 7,199 319,107
Additions - - - 37,250
Disposals - - - (25,466 )
As at 29 February 2024 135,000 26,719 7,199 330,891
Depreciation
As at 1 March 2023 - 24,766 7,199 135,517
Provided during the period - 1,116 - 63,062
Disposals - - - (25,466 )
As at 29 February 2024 - 25,882 7,199 173,113
Net Book Value
As at 29 February 2024 135,000 837 - 157,778
As at 1 March 2023 135,000 1,953 - 183,590
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Computer Equipment Total
£ £
Cost
As at 1 March 2023 48,899 536,924
Additions 1,964 39,214
Disposals - (25,466 )
As at 29 February 2024 50,863 550,672
Depreciation
As at 1 March 2023 27,679 195,161
Provided during the period 5,098 69,276
Disposals - (25,466 )
As at 29 February 2024 32,777 238,971
Net Book Value
As at 29 February 2024 18,086 311,701
As at 1 March 2023 21,220 341,763
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 157,778 183,590
Cost or valuation as at 29 February 2024 represented by:
Land & Property
Heritable Property Improvements to Property Plant & Machinery Motor Vehicles
£ £ £ £
At cost 65,713 26,719 7,199 330,891
At valuation 69,287 - - -
135,000 26,719 7,199 330,891
Computer Equipment Total
£ £
At cost 50,863 481,385
At valuation - 69,287
50,863 550,672
Heritable property was valued on an open market basis on 17 December 2021 by J & E Shepherd.
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6. Investments
Listed
£
Cost
As at 1 March 2023 100
As at 29 February 2024 100
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 100
As at 1 March 2023 100
The company's investments at the Statement of Financial Position date in the share capital of companies included the following:
Mordue Scales Limited
Registered office: Rotterdam House, 116 Quayside, Newcastle Upon Tyne, England
Nature of business: Manufacturing of equipment
                                                                                 %
Class of shares:                                                     holding
Ordinary                                                                100.00
7. Stocks
2024 2023
£ £
Stock 29,605 30,354
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 404,687 392,759
Amounts recoverable on contracts 80,000 119,001
Other debtors 800,567 737,773
1,285,254 1,249,533
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,902 61,768
Trade creditors 225,133 246,667
Bank loans and overdrafts 169,744 57,319
Other taxes and social security 80,289 39,810
Other creditors 216,119 296,116
757,187 701,680
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 43,074 76,749
Bank loans 22,654 53,934
65,728 130,683
11. Secured Creditors
The Bank of Scotland has a bond and floating charge on all property and assets present and future of the company including uncalled capital.
The Bank of Scotland has a standard security over the Yard and Workshop at 6 Back Dykes, Auchtermuchty, Cupar.
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 108,976 138,517
Bank loans and overdrafts 103,681 84,319
12. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 65,902 61,768
Later than one year and not later than five years 43,074 76,749
108,976 138,517
108,976 138,517
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13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 39,500 39,500
14. Related Party Transactions
Included in 'Other debtors' is an amount of £119,511 (2023: £90,697) towards John White (Weighing Machines) Holdings Limited, £601,595 (2023: £577,057) towards Daima Energy Solutions Limited (UK) Limited, £73,863 (2023: £63,256) towards Kingdom Innovative Technologies Ltd.  All companies are related due to common control.
Included in 'Other creditors' is an amount of £31,350 (2023 - £31,350) due to the directors of the company. This loan is interest free and has no fixed terms of repayment.
The company has taken advantage of exemption, under the terms of Section 35AC of the Financial Reporting Standard 102 1a 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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