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 SC626830 Mr Gary Murray Mr David Campbell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC626830 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-04-30 SC626830 2023-04-30 SC626830 2024-04-30 SC626830 2023-05-01 2024-04-30 SC626830 frs-core:CurrentFinancialInstruments 2024-04-30 SC626830 frs-core:Non-currentFinancialInstruments 2024-04-30 SC626830 frs-core:ComputerEquipment 2024-04-30 SC626830 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC626830 frs-core:ComputerEquipment 2023-04-30 SC626830 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC626830 frs-core:ShareCapital 2024-04-30 SC626830 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC626830 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC626830 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC626830 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC626830 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC626830 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC626830 1 2023-05-01 2024-04-30 SC626830 frs-core:DeferredTaxation 2023-05-01 2024-04-30 SC626830 frs-core:DeferredTaxation 2023-04-30 SC626830 frs-core:DeferredTaxation 2024-04-30 SC626830 frs-bus:Director1 2023-05-01 2024-04-30 SC626830 frs-bus:Director2 2023-05-01 2024-04-30 SC626830 frs-countries:Scotland 2023-05-01 2024-04-30 SC626830 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-04-30 SC626830 2022-04-30 SC626830 2023-04-30 SC626830 2022-05-01 2023-04-30 SC626830 frs-core:CurrentFinancialInstruments 2023-04-30 SC626830 frs-core:Non-currentFinancialInstruments 2023-04-30 SC626830 frs-core:ShareCapital 2023-04-30 SC626830 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC626830
Clear Mortgage Advice Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC626830
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 914 1,142
914 1,142
CURRENT ASSETS
Debtors 5 12,855 7,418
Cash at bank and in hand 20,117 29,528
32,972 36,946
Creditors: Amounts Falling Due Within One Year 6 (6,368 ) (5,923 )
NET CURRENT ASSETS (LIABILITIES) 26,604 31,023
TOTAL ASSETS LESS CURRENT LIABILITIES 27,518 32,165
Creditors: Amounts Falling Due After More Than One Year 7 (31,019 ) (33,796 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (174 ) (286 )
NET LIABILITIES (3,675 ) (1,917 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (3,677 ) (1,919 )
SHAREHOLDERS' FUNDS (3,675) (1,917)
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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 David Campbell
Director
16/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Clear Mortgage Advice Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC626830 . The registered office is 119 Ladywell Road, Motherwell , ML1 3EU.
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 if relevant. 
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:
Fixtures & Fittings 20% - reducing balance basis
Computer Equipment 20% - reducing balance basis
2.4. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 2,788
As at 30 April 2024 2,788
Depreciation
As at 1 May 2023 1,646
Provided during the period 228
As at 30 April 2024 1,874
Net Book Value
As at 30 April 2024 914
As at 1 May 2023 1,142
5. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 12,855 7,418
The directors loans were repaid in full post year end and were unsecured and interest free.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 5,556 5,556
Corporation tax 108 108
Accrued charges 704 258
6,368 5,923
The bank loan was obtained under the BBLS following the Covid19 pandemic and is in accordance therewith, with its term having been extended in accordance with the banks offer to allow such extensions.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - BBL 31,019 33,796
The bank loan was obtained under the BBLS following the Covid19 pandemic and is in accordance therewith, with its term having been extended in accordance with the banks offer to allow such extensions.
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 6,017 11,573
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8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 174 286
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2023 286 286
Reversals (112 ) (112)
Balance at 30 April 2024 174 174
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Ultimate Controlling Party
There is no ultimate controlling party by virtue of the ownership by the directors of the issued share capital in the company.
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