Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC563580 Mr Amrit Dhillon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC563580 2023-04-30 SC563580 2024-04-30 SC563580 2023-05-01 2024-04-30 SC563580 frs-core:CurrentFinancialInstruments 2024-04-30 SC563580 frs-core:Non-currentFinancialInstruments 2024-04-30 SC563580 frs-core:FurnitureFittings 2024-04-30 SC563580 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC563580 frs-core:FurnitureFittings 2023-04-30 SC563580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 SC563580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 SC563580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 SC563580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 SC563580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC563580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 SC563580 frs-core:PlantMachinery 2024-04-30 SC563580 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC563580 frs-core:PlantMachinery 2023-04-30 SC563580 frs-core:ShareCapital 2024-04-30 SC563580 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC563580 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC563580 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC563580 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC563580 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC563580 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC563580 frs-bus:Director1 2023-05-01 2024-04-30 SC563580 frs-bus:Director1 2023-04-30 SC563580 frs-bus:Director1 2024-04-30 SC563580 frs-core:CurrentFinancialInstruments 1 2024-04-30 SC563580 frs-core:Non-currentFinancialInstruments 1 2024-04-30 SC563580 frs-countries:Scotland 2023-05-01 2024-04-30 SC563580 2022-04-30 SC563580 2023-04-30 SC563580 2022-05-01 2023-04-30 SC563580 frs-core:CurrentFinancialInstruments 2023-04-30 SC563580 frs-core:Non-currentFinancialInstruments 2023-04-30 SC563580 frs-core:ShareCapital 2023-04-30 SC563580 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC563580 frs-core:CurrentFinancialInstruments 1 2023-04-30 SC563580 frs-core:Non-currentFinancialInstruments 1 2023-04-30
Registered number: SC563580
Candied Icecream Limited
Financial Statements
For The Year Ended 30 April 2024
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC563580
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 291,685 163,302
291,685 163,302
CURRENT ASSETS
Stocks 5 60,000 56,100
Debtors 6 64,614 13,977
Cash at bank and in hand 21,591 27,388
146,205 97,465
Creditors: Amounts Falling Due Within One Year 7 (529,594 ) (258,021 )
NET CURRENT ASSETS (LIABILITIES) (383,389 ) (160,556 )
TOTAL ASSETS LESS CURRENT LIABILITIES (91,704 ) 2,746
Creditors: Amounts Falling Due After More Than One Year 8 (12,622 ) (2,674 )
NET (LIABILITIES)/ASSETS (104,326 ) 72
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (104,327 ) 71
SHAREHOLDERS' FUNDS (104,326) 72
Page 1
Page 2
For the year ending 30 April 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 Amrit Dhillon
Director
4th October 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
Candied Icecream Limited is a private company, limited by shares, incorporated in Scotland, registered number SC563580 . The registered office is 19a Wellside Place, Falkirk, FK1 5RL.
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:
Freehold 0%
Leasehold 15% Reducing balance
Plant & Machinery 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
2.4. 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 year was: 32 (2023: 32)
32 32
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 May 2023 - 110,211 102,660 114,670 327,541
Additions 200,000 - - 21,160 221,160
Disposals - (110,210 ) - - (110,210 )
As at 30 April 2024 200,000 1 102,660 135,830 438,491
...CONTINUED
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Page 4
Depreciation
As at 1 May 2023 - 40,845 66,231 57,163 164,239
Provided during the period - 10,403 7,284 16,128 33,815
Disposals - (51,248 ) - - (51,248 )
As at 30 April 2024 - - 73,515 73,291 146,806
Net Book Value
As at 30 April 2024 200,000 1 29,145 62,539 291,685
As at 1 May 2023 - 69,366 36,429 57,507 163,302
5. Stocks
2024 2023
£ £
Stock 60,000 56,100
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,669 3,379
Director's loan account 45,323 7,924
51,992 11,303
Due after more than one year
S445 Tax recoverable assets 12,622 2,674
64,614 13,977
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,503 33,317
Bank loans and overdrafts 25,612 31,487
Other loans 199,209 -
Other taxes and social security 1,067 708
VAT 26,738 24,084
Other creditors 107,934 5,200
Other creditors (1) 54,956 72,740
Accruals and deferred income 15,828 12,462
Amounts owed to related parties 41,747 78,023
529,594 258,021
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
S445 Tax Payable 12,622 2,674
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Amrit Dhillon 7,924 37,398 - - 45,322
The above loan is unsecured, interest free and repayable on demand.
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 38,000
Page 5