Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC593624 Mr Alistair Brown Mrs Lucy Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC593624 2023-04-30 SC593624 2024-04-30 SC593624 2023-05-01 2024-04-30 SC593624 frs-core:CurrentFinancialInstruments 2024-04-30 SC593624 frs-core:ComputerEquipment 2024-04-30 SC593624 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC593624 frs-core:ComputerEquipment 2023-04-30 SC593624 frs-core:ShareCapital 2024-04-30 SC593624 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC593624 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC593624 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC593624 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC593624 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC593624 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC593624 frs-bus:Director1 2023-05-01 2024-04-30 SC593624 frs-bus:Director2 2023-05-01 2024-04-30 SC593624 frs-countries:Scotland 2023-05-01 2024-04-30 SC593624 2022-04-30 SC593624 2023-04-30 SC593624 2022-05-01 2023-04-30 SC593624 frs-core:CurrentFinancialInstruments 2023-04-30 SC593624 frs-core:ShareCapital 2023-04-30 SC593624 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC593624
Photogifts (Scotland) Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC593624
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,990 3,184
3,990 3,184
CURRENT ASSETS
Stocks 5 3,000 3,000
Cash at bank and in hand 13,022 15,100
16,022 18,100
Creditors: Amounts Falling Due Within One Year 7 (13,806 ) (16,012 )
NET CURRENT ASSETS (LIABILITIES) 2,216 2,088
TOTAL ASSETS LESS CURRENT LIABILITIES 6,206 5,272
NET ASSETS 6,206 5,272
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 6,106 5,172
SHAREHOLDERS' FUNDS 6,206 5,272
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 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 Alistair Brown
Director
10/01/2025
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
Photogifts (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC593624 . The registered office is Bank House, Seaforth Street, Fraserburgh, AB43 9BB.
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:
Computer Equipment 25%RB
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: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 7,309
Additions 1,831
As at 30 April 2024 9,140
Depreciation
As at 1 May 2023 4,125
Provided during the period 1,025
As at 30 April 2024 5,150
...CONTINUED
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Net Book Value
As at 30 April 2024 3,990
As at 1 May 2023 3,184
5. Stocks
2024 2023
£ £
Materials 3,000 3,000
6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 334 1
VAT 1,220 176
Net wages 758 758
Accruals and deferred income 1,690 1,201
Directors' loan accounts 9,804 13,876
13,806 16,012
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4