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 SC528483 Mrs Lynsay Bennett Ms Tracey Durkin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC528483 2023-04-30 SC528483 2024-04-30 SC528483 2023-05-01 2024-04-30 SC528483 frs-core:CurrentFinancialInstruments 2024-04-30 SC528483 frs-core:ComputerEquipment 2024-04-30 SC528483 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC528483 frs-core:ComputerEquipment 2023-04-30 SC528483 frs-core:FurnitureFittings 2024-04-30 SC528483 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC528483 frs-core:FurnitureFittings 2023-04-30 SC528483 frs-core:NetGoodwill 2024-04-30 SC528483 frs-core:NetGoodwill 2023-05-01 2024-04-30 SC528483 frs-core:NetGoodwill 2023-04-30 SC528483 frs-core:ShareCapital 2024-04-30 SC528483 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC528483 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC528483 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC528483 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC528483 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC528483 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC528483 frs-bus:Director1 2023-05-01 2024-04-30 SC528483 frs-bus:Director1 2023-04-30 SC528483 frs-bus:Director1 2024-04-30 SC528483 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 SC528483 frs-countries:Scotland 2023-05-01 2024-04-30 SC528483 2022-04-30 SC528483 2023-04-30 SC528483 2022-05-01 2023-04-30 SC528483 frs-core:CurrentFinancialInstruments 2023-04-30 SC528483 frs-core:ShareCapital 2023-04-30 SC528483 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC528483
Count on You Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Count On You Ltd
AAT
10c Ridge Way
Donibristle Ind Est
Dalgety Bay
Fife
KY11 9JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC528483
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,431 12,149
10,431 12,149
CURRENT ASSETS
Debtors 6 23,894 23,000
Cash at bank and in hand 69,027 74,013
92,921 97,013
Creditors: Amounts Falling Due Within One Year 7 (99,903 ) (83,293 )
NET CURRENT ASSETS (LIABILITIES) (6,982 ) 13,720
TOTAL ASSETS LESS CURRENT LIABILITIES 3,449 25,869
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,608 ) (2,308 )
NET ASSETS 841 23,561
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 741 23,461
SHAREHOLDERS' FUNDS 841 23,561
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Lynsay Bennett
Director
6th December 2024
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
Count on You Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC528483 . The registered office is Suite 3, 10c Ridge Way, Donibristle Ind Est, Dalgety Bay, Fife, KY11 9GQ.
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:
Fixtures & Fittings 15% reducing balance
Computer Equipment 20% straight line
2.5. Financial Instruments
Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Amortisation
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 2,568 17,561 20,129
Additions 611 1,902 2,513
Disposals (474 ) (1,024 ) (1,498 )
As at 30 April 2024 2,705 18,439 21,144
Depreciation
As at 1 May 2023 941 7,039 7,980
Provided during the period 318 3,694 4,012
Disposals (324 ) (955 ) (1,279 )
As at 30 April 2024 935 9,778 10,713
Net Book Value
As at 30 April 2024 1,770 8,661 10,431
As at 1 May 2023 1,627 10,522 12,149
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,775 5,134
Prepayments and accrued income 16,245 14,531
Other debtors 2,874 3,335
23,894 23,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,510 6,916
Corporation tax 7,811 9,195
Other taxes and social security 2,273 1,843
VAT 14,264 11,237
Other creditors 1,430 774
Accruals and deferred income 65,167 48,235
Director's loan account 448 5,093
99,903 83,293
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mrs Lynsay Bennett (5,093 ) (52,362 ) 57,007 - (448 )
The above loan is unsecured, interest free and repayable on demand.
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