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 SC533879 Mr Fraser MacLure Mr Stephen Lyons true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC533879 2023-04-30 SC533879 2024-04-30 SC533879 2023-05-01 2024-04-30 SC533879 frs-core:CurrentFinancialInstruments 2024-04-30 SC533879 frs-core:Non-currentFinancialInstruments 2024-04-30 SC533879 frs-core:BetweenOneFiveYears 2024-04-30 SC533879 frs-core:ComputerEquipment 2024-04-30 SC533879 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC533879 frs-core:ComputerEquipment 2023-04-30 SC533879 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC533879 frs-core:MotorVehicles 2024-04-30 SC533879 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC533879 frs-core:MotorVehicles 2023-04-30 SC533879 frs-core:PlantMachinery 2024-04-30 SC533879 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC533879 frs-core:PlantMachinery 2023-04-30 SC533879 frs-core:WithinOneYear 2024-04-30 SC533879 frs-core:ShareCapital 2024-04-30 SC533879 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC533879 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC533879 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC533879 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC533879 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC533879 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC533879 1 2023-05-01 2024-04-30 SC533879 frs-core:DeferredTaxation 2023-05-01 2024-04-30 SC533879 frs-core:DeferredTaxation 2023-04-30 SC533879 frs-core:DeferredTaxation 2024-04-30 SC533879 frs-bus:Director1 2023-05-01 2024-04-30 SC533879 frs-bus:Director2 2023-05-01 2024-04-30 SC533879 frs-core:CurrentFinancialInstruments 1 2024-04-30 SC533879 frs-countries:Scotland 2023-05-01 2024-04-30 SC533879 2022-04-30 SC533879 2023-04-30 SC533879 2022-05-01 2023-04-30 SC533879 frs-core:CurrentFinancialInstruments 2023-04-30 SC533879 frs-core:Non-currentFinancialInstruments 2023-04-30 SC533879 frs-core:BetweenOneFiveYears 2023-04-30 SC533879 frs-core:MotorVehicles 2022-05-01 2023-04-30 SC533879 frs-core:WithinOneYear 2023-04-30 SC533879 frs-core:ShareCapital 2023-04-30 SC533879 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC533879 frs-core:CurrentFinancialInstruments 1 2023-04-30 SC533879 frs-core:CurrentFinancialInstruments 3 2023-04-30
Registered number: SC533879
Topend Joiners 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—6
Page 1
Balance Sheet
Registered number: SC533879
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,447 40,091
40,447 40,091
CURRENT ASSETS
Stocks 5 12,560 -
Debtors 6 313,949 321,867
Cash at bank and in hand 844,211 446,405
1,170,720 768,272
Creditors: Amounts Falling Due Within One Year 7 (196,691 ) (100,331 )
NET CURRENT ASSETS (LIABILITIES) 974,029 667,941
TOTAL ASSETS LESS CURRENT LIABILITIES 1,014,476 708,032
Creditors: Amounts Falling Due After More Than One Year 8 - (2,546 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (10,112 ) (7,617 )
NET ASSETS 1,004,364 697,869
CAPITAL AND RESERVES
Called up share capital 12 2 2
Profit and Loss Account 1,004,362 697,867
SHAREHOLDERS' FUNDS 1,004,364 697,869
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 Stephen Lyons
Director
20/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Topend Joiners Ltd Registered number SC533879 is a limited by shares company incorporated in Scotland. The Registered Office is 70 South Dumbreck Road, Kilsyth, Glasgow, G65 9LX.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts, if applicable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% - Reducing balance basis
Motor Vehicles 25% - Reducing balance basis
Fixtures & Fittings 20% - Reducing balance basis
Computer Equipment 20% - Reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Manufacturing 2 2
4 4
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 36,833 41,576 7,354 85,763
Additions 10,805 - 529 11,334
As at 30 April 2024 47,638 41,576 7,883 97,097
Depreciation
As at 1 May 2023 17,957 24,808 2,907 45,672
Provided during the period 5,809 4,192 977 10,978
As at 30 April 2024 23,766 29,000 3,884 56,650
Net Book Value
As at 30 April 2024 23,872 12,576 3,999 40,447
As at 1 May 2023 18,876 16,768 4,447 40,091
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 8,359 11,144
5. Stocks
2024 2023
£ £
Work in progress 12,560 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 46,551
VAT recoverable 10,189 8,999
CIS tax deductions recoverable 303,659 265,770
Contracts retentions - 519
PAYE and NI 101 28
313,949 321,867
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,546 5,092
Trade creditors 16,556 11,565
Corporation tax 119,544 58,184
CIS tax deductions from subcontractors 12,080 12,973
Advance contracts payments and deposits 8,930 9,310
Accrued charges 2,688 1,969
Directors' loan accounts 34,347 1,238
196,691 100,331
The director’s loan accounts are unsecured, interest free and have no fixed terms of repayment.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,546
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,546 5,092
Later than one year and not later than five years - 2,546
2,546 7,638
2,546 7,638
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 10,112 7,617
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2023 7,617 7,617
Additions 2,495 2,495
Balance at 30 April 2024 10,112 10,112
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5
Page 6
13. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Fraser MacLure 25,000 25,000
Mr Stephen Lyons 25,000 25,000
14. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 50,000 50,000
15. Ultimate Controlling Party
There is no ultimate controlling party by virtue of the split in the ownership of the issued share capital in the company.
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