Acorah Software Products - Accounts Production 16.0.110 false true 30 December 2022 1 January 2022 false 31 December 2022 30 December 2023 30 December 2023 SC570870 Mr Alexander Haun Ms Sheena Barclay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC570870 2022-12-30 SC570870 2023-12-30 SC570870 2022-12-31 2023-12-30 SC570870 frs-core:CurrentFinancialInstruments 2023-12-30 SC570870 frs-core:Non-currentFinancialInstruments 2023-12-30 SC570870 frs-core:ComputerEquipment 2023-12-30 SC570870 frs-core:ComputerEquipment 2022-12-31 2023-12-30 SC570870 frs-core:ComputerEquipment 2022-12-30 SC570870 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 2023-12-30 SC570870 frs-core:OtherResidualIntangibleAssets 2023-12-30 SC570870 frs-core:OtherResidualIntangibleAssets 2022-12-31 2023-12-30 SC570870 frs-core:OtherResidualIntangibleAssets 2022-12-30 SC570870 frs-core:PlantMachinery 2023-12-30 SC570870 frs-core:PlantMachinery 2022-12-31 2023-12-30 SC570870 frs-core:PlantMachinery 2022-12-30 SC570870 frs-core:ShareCapital 2023-12-30 SC570870 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 SC570870 frs-bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 SC570870 frs-bus:FilletedAccounts 2022-12-31 2023-12-30 SC570870 frs-bus:SmallEntities 2022-12-31 2023-12-30 SC570870 frs-bus:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 SC570870 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 SC570870 frs-bus:Director1 2022-12-31 2023-12-30 SC570870 frs-bus:Director2 2022-12-31 2023-12-30 SC570870 frs-core:CurrentFinancialInstruments 1 2023-12-30 SC570870 frs-countries:Scotland 2022-12-31 2023-12-30 SC570870 2021-12-31 SC570870 2022-12-30 SC570870 2022-01-01 2022-12-30 SC570870 frs-core:CurrentFinancialInstruments 2022-12-30 SC570870 frs-core:Non-currentFinancialInstruments 2022-12-30 SC570870 frs-core:ShareCapital 2022-12-30 SC570870 frs-core:RetainedEarningsAccumulatedLosses 2022-12-30 SC570870 frs-core:CurrentFinancialInstruments 1 2022-12-30
Registered number: SC570870
SunCatcher Limited
Unaudited Financial Statements
For The Year Ended 30 December 2023
Sutherland Black
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC570870
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,615 3,115
Tangible Assets 5 26,400 432
28,015 3,547
CURRENT ASSETS
Debtors 7 37,109 7,189
Cash at bank and in hand 3,536 21
40,645 7,210
Creditors: Amounts Falling Due Within One Year 8 (39,565 ) (16,206 )
NET CURRENT ASSETS (LIABILITIES) 1,080 (8,996 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,095 (5,449 )
Creditors: Amounts Falling Due After More Than One Year 9 (6,242 ) (10,501 )
NET ASSETS/(LIABILITIES) 22,853 (15,950 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 22,753 (16,050 )
SHAREHOLDERS' FUNDS 22,853 (15,950)
Page 1
Page 2
For the year ending 30 December 2023 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 Alexander Haun
Director
02/12/2024
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
SunCatcher Limited is a private company, limited by shares, incorporated in Scotland, registered number SC570870 . The registered office is 3 Hillend Cottage, Larch Avenue, Lenzie , G66 4HX.
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 - Other Intangible
Other intangible assets are Website costs. It is amortised to profit and loss account over its estimated economic life of 4 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% RBM
Computer Equipment 33.33% Straight line
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. 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.
Page 3
Page 4
2.7. 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 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: 3 (2022: 2)
3 2
4. Intangible Assets
Other
£
Cost
As at 31 December 2022 6,037
As at 30 December 2023 6,037
Amortisation
As at 31 December 2022 2,922
Provided during the period 1,500
As at 30 December 2023 4,422
Net Book Value
As at 30 December 2023 1,615
As at 31 December 2022 3,115
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 31 December 2022 - 1,146 1,146
Additions 33,927 - 33,927
As at 30 December 2023 33,927 1,146 35,073
Depreciation
As at 31 December 2022 - 714 714
Provided during the period 7,577 382 7,959
As at 30 December 2023 7,577 1,096 8,673
Net Book Value
As at 30 December 2023 26,350 50 26,400
As at 31 December 2022 - 432 432
6. Stocks
2023 2022
£ £
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,063 1,935
Prepayments and accrued income 358 195
Other debtors 505 505
VAT - 87
Directors' loan accounts - 4,467
15,926 7,189
Due after more than one year
Inter-Company - DSD Supplies Ltd. 21,183 -
21,183 -
37,109 7,189
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,790 5,029
Bank loans and overdrafts 2,133 2,000
VAT 3,555 -
Other creditors - 213
Capital on Tap 6,828 6,862
Accruals and deferred income 1,659 1,580
Directors' loan accounts 21,600 522
39,565 16,206
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounce Back Loan > 1 Year 6,242 6,382
Inter-Company - DSD Supplies Ltd - 4,119
6,242 10,501
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
At the year end the company has a receivable balance of £21,183 (2022 - payable balance £4,119) from another company which shares the same directors.
Page 6