Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC232408 Mr Andrew Buchan Mrs Glynis Buchan Mrs Glynis Buchan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC232408 2023-06-30 SC232408 2024-06-30 SC232408 2023-07-01 2024-06-30 SC232408 frs-core:CurrentFinancialInstruments 2024-06-30 SC232408 frs-core:ComputerEquipment 2024-06-30 SC232408 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC232408 frs-core:ComputerEquipment 2023-06-30 SC232408 frs-core:PlantMachinery 2024-06-30 SC232408 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC232408 frs-core:PlantMachinery 2023-06-30 SC232408 frs-core:ShareCapital 2024-06-30 SC232408 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC232408 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC232408 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC232408 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC232408 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC232408 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC232408 frs-bus:Director1 2023-07-01 2024-06-30 SC232408 frs-bus:Director2 2023-07-01 2024-06-30 SC232408 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 SC232408 frs-countries:Scotland 2023-07-01 2024-06-30 SC232408 2022-06-30 SC232408 2023-06-30 SC232408 2022-07-01 2023-06-30 SC232408 frs-core:CurrentFinancialInstruments 2023-06-30 SC232408 frs-core:ShareCapital 2023-06-30 SC232408 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC232408
A.S. Buchan Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC232408
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,012 10,622
9,012 10,622
CURRENT ASSETS
Debtors 5 3,821 17,246
Investments 6 100 100
Cash at bank and in hand 41,771 14,764
45,692 32,110
Creditors: Amounts Falling Due Within One Year 7 (75,172 ) (77,695 )
NET CURRENT ASSETS (LIABILITIES) (29,480 ) (45,585 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,468 ) (34,963 )
NET LIABILITIES (20,468 ) (34,963 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (20,478 ) (34,973 )
SHAREHOLDERS' FUNDS (20,468) (34,963)
Page 1
Page 2
For the year ending 30 June 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 Andrew Buchan
Director
13/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A.S. Buchan Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC232408 . The registered office is 2 Cocklaw Cottage, Blackhills, Peterhead, Aberdeenshire, AB42 3JU.
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:
Plant & Machinery 25% On Cost
Computer Equipment 25& On Cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 54,406 200 54,606
Additions 1,167 - 1,167
As at 30 June 2024 55,573 200 55,773
Depreciation
As at 1 July 2023 43,784 200 43,984
Provided during the period 2,777 - 2,777
As at 30 June 2024 46,561 200 46,761
Net Book Value
As at 30 June 2024 9,012 - 9,012
As at 1 July 2023 10,622 - 10,622
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 13,778
Prepayments and accrued income 3,359 3,178
VAT 462 290
3,821 17,246
6. Current Asset Investments
2024 2023
£ £
Unlisted investments 100 100
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other loans 20,000 20,000
Other creditors 4,458 3,905
Accruals and deferred income 1,100 1,200
Directors' loan accounts 49,615 52,590
75,172 77,695
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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