Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC405675 Mr Andrew Bruce Victoria Hazell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC405675 2023-10-31 SC405675 2024-10-31 SC405675 2023-11-01 2024-10-31 SC405675 frs-core:CurrentFinancialInstruments 2024-10-31 SC405675 frs-core:ComputerEquipment 2024-10-31 SC405675 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC405675 frs-core:ComputerEquipment 2023-10-31 SC405675 frs-core:FurnitureFittings 2024-10-31 SC405675 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC405675 frs-core:FurnitureFittings 2023-10-31 SC405675 frs-core:NetGoodwill 2024-10-31 SC405675 frs-core:NetGoodwill 2023-11-01 2024-10-31 SC405675 frs-core:NetGoodwill 2023-10-31 SC405675 frs-core:PlantMachinery 2024-10-31 SC405675 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC405675 frs-core:PlantMachinery 2023-10-31 SC405675 frs-core:ShareCapital 2024-10-31 SC405675 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC405675 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC405675 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC405675 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC405675 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC405675 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC405675 frs-bus:Director1 2023-11-01 2024-10-31 SC405675 frs-bus:Director2 2023-11-01 2024-10-31 SC405675 frs-countries:Scotland 2023-11-01 2024-10-31 SC405675 2022-10-31 SC405675 2023-10-31 SC405675 2022-11-01 2023-10-31 SC405675 frs-core:CurrentFinancialInstruments 2023-10-31 SC405675 frs-core:ShareCapital 2023-10-31 SC405675 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC405675
Hri Munro Architecture Ltd
Financial Statements
For The Year Ended 31 October 2024
Gareth Jones Compliance Ltd
Chartered Certified Accountants
3 Wyvis Drive
Balloch
Inverness
IV2 7HP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC405675
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,711 3,902
2,711 3,902
CURRENT ASSETS
Debtors 6 111,375 166,958
Cash at bank and in hand 97,076 59,880
208,451 226,838
Creditors: Amounts Falling Due Within One Year 7 (49,969 ) (76,127 )
NET CURRENT ASSETS (LIABILITIES) 158,482 150,711
TOTAL ASSETS LESS CURRENT LIABILITIES 161,193 154,613
NET ASSETS 161,193 154,613
CAPITAL AND RESERVES
Called up share capital 8 112,072 112,072
Profit and Loss Account 49,121 42,541
SHAREHOLDERS' FUNDS 161,193 154,613
Page 1
Page 2
For the year ending 31 October 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 Bruce
Director
13/01/2025
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
Hri Munro Architecture Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC405675 . The registered office is 62 Academy Street, Inverness, IV1 1LP.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 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 20% on Cost
Fixtures & Fittings 20% on Cost
Computer Equipment 20% on Cost
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 10)
13 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 110,360
As at 31 October 2024 110,360
Amortisation
As at 1 November 2023 110,360
As at 31 October 2024 110,360
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 2,672 1,174 12,389 16,235
As at 31 October 2024 2,672 1,174 12,389 16,235
Depreciation
As at 1 November 2023 1,070 1,174 10,089 12,333
Provided during the period 535 - 656 1,191
As at 31 October 2024 1,605 1,174 10,745 13,524
Net Book Value
As at 31 October 2024 1,067 - 1,644 2,711
As at 1 November 2023 1,602 - 2,300 3,902
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,972 88,331
Fees Work in Progress 5,580 10,790
Other debtors 3,265 3,265
Corporation tax recoverable assets 16,027 16,027
Directors' loan accounts 48,531 48,545
111,375 166,958
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 16,172 19,049
Other taxes and social security 8,941 6,855
VAT 17,873 45,663
Pensions Due 1,843 -
Accruals and deferred income 5,140 4,560
49,969 76,127
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 112,072 112,072
Page 5