Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC298950 Mr Duncan MacArthur Mr Brian Drysdale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC298950 2023-05-31 SC298950 2024-05-31 SC298950 2023-06-01 2024-05-31 SC298950 frs-core:CurrentFinancialInstruments 2024-05-31 SC298950 frs-core:Non-currentFinancialInstruments 2024-05-31 SC298950 frs-core:ComputerEquipment 2024-05-31 SC298950 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC298950 frs-core:ComputerEquipment 2023-05-31 SC298950 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 SC298950 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 SC298950 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 SC298950 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC298950 frs-core:ShareCapital 2024-05-31 SC298950 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC298950 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC298950 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC298950 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC298950 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC298950 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC298950 frs-bus:Director1 2023-06-01 2024-05-31 SC298950 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 SC298950 frs-countries:Scotland 2023-06-01 2024-05-31 SC298950 2022-05-31 SC298950 2023-05-31 SC298950 2022-06-01 2023-05-31 SC298950 frs-core:CurrentFinancialInstruments 2023-05-31 SC298950 frs-core:Non-currentFinancialInstruments 2023-05-31 SC298950 frs-core:ShareCapital 2023-05-31 SC298950 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC298950
In Business Services Limited
Financial Statements
For The Year Ended 31 May 2024
Windlestrae
Newton of Kinkell
Dingwall
Ross-shire
IV7 8AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC298950
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 363 4,754
363 4,754
CURRENT ASSETS
Debtors 5 16,328 22,349
Cash at bank and in hand 44,689 67,729
61,017 90,078
Creditors: Amounts Falling Due Within One Year 6 (27,744 ) (42,430 )
NET CURRENT ASSETS (LIABILITIES) 33,273 47,648
TOTAL ASSETS LESS CURRENT LIABILITIES 33,636 52,402
Creditors: Amounts Falling Due After More Than One Year 7 (4,599 ) (9,178 )
NET ASSETS 29,037 43,224
CAPITAL AND RESERVES
Called up share capital 8 53,000 53,000
Profit and Loss Account (23,963 ) (9,776 )
SHAREHOLDERS' FUNDS 29,037 43,224
Page 1
Page 2
For the year ending 31 May 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 Duncan MacArthur
Director
12/12/2024
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
In Business Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC298950 . The registered office is In-Business Centre, Stadium Business Park, Longman Drive, INVERNESS, IV1 1SU.
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:
Leasehold 15 years - straight line
Plant & Machinery 10 years - straight line
Computer Equipment 5 years - straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 79,542 677 80,219
As at 31 May 2024 79,542 677 80,219
Depreciation
As at 1 June 2023 75,286 179 75,465
Provided during the period 4,256 135 4,391
As at 31 May 2024 79,542 314 79,856
Net Book Value
As at 31 May 2024 - 363 363
As at 1 June 2023 4,256 498 4,754
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,419 22,349
Other debtors 12,909 -
16,328 22,349
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,536 17,056
Bank loans and overdrafts 4,897 4,897
Corporation tax - 7,779
VAT 1,311 2,209
Other creditors - 10,489
27,744 42,430
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back loan (Long term liabilities - creditors > 1 year) - 9,178
Other loans 4,599 -
4,599 9,178
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 53,000 53,000
Page 5