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 SC504380 Dr Belinda Porter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC504380 2023-04-30 SC504380 2024-04-30 SC504380 2023-05-01 2024-04-30 SC504380 frs-core:CurrentFinancialInstruments 2024-04-30 SC504380 frs-core:Non-currentFinancialInstruments 2024-04-30 SC504380 frs-core:ComputerEquipment 2024-04-30 SC504380 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC504380 frs-core:ComputerEquipment 2023-04-30 SC504380 frs-core:FurnitureFittings 2024-04-30 SC504380 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC504380 frs-core:FurnitureFittings 2023-04-30 SC504380 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 SC504380 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC504380 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 SC504380 frs-core:PlantMachinery 2024-04-30 SC504380 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC504380 frs-core:PlantMachinery 2023-04-30 SC504380 frs-core:ShareCapital 2024-04-30 SC504380 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC504380 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC504380 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC504380 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC504380 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC504380 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC504380 frs-bus:Director1 2023-05-01 2024-04-30 SC504380 frs-countries:Scotland 2023-05-01 2024-04-30 SC504380 2022-04-30 SC504380 2023-04-30 SC504380 2022-05-01 2023-04-30 SC504380 frs-core:CurrentFinancialInstruments 2023-04-30 SC504380 frs-core:Non-currentFinancialInstruments 2023-04-30 SC504380 frs-core:ShareCapital 2023-04-30 SC504380 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC504380
Beautiful Assets Ltd.
Unaudited Financial Statements
For The Year Ended 30 April 2024
Berrywood Accountants
The New Studio
Wintershill Farm
Wintershill, Durley
Hampshire
SO32 2AH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC504380
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 234,799 236,642
234,799 236,642
CURRENT ASSETS
Stocks 5 2,487 2,994
Cash at bank and in hand 155,952 136,683
158,439 139,677
Creditors: Amounts Falling Due Within One Year 6 (7,269 ) (12,376 )
NET CURRENT ASSETS (LIABILITIES) 151,170 127,301
TOTAL ASSETS LESS CURRENT LIABILITIES 385,969 363,943
Creditors: Amounts Falling Due After More Than One Year 7 (160,540 ) (161,062 )
NET ASSETS 225,429 202,881
CAPITAL AND RESERVES
Called up share capital 8 24 24
Profit and Loss Account 225,405 202,857
SHAREHOLDERS' FUNDS 225,429 202,881
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Dr Belinda Porter
Director
07/01/2025
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
Beautiful Assets Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC504380 . The registered office is 14 Westfield Terrace, Aberdeen, Scotland, AB25 2RU.
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:
Freehold Additions last year fully written down
Plant & Machinery 20% Reducing
Fixtures & Fittings Assets are fully depreciated
Computer Equipment 3 year straight
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.
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 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 248,455 16,600 48,511 756 314,322
As at 30 April 2024 248,455 16,600 48,511 756 314,322
Depreciation
As at 1 May 2023 18,681 10,236 48,511 252 77,680
Provided during the period - 1,591 - 252 1,843
As at 30 April 2024 18,681 11,827 48,511 504 79,523
Net Book Value
As at 30 April 2024 229,774 4,773 - 252 234,799
As at 1 May 2023 229,774 6,364 - 504 236,642
5. Stocks
2024 2023
£ £
Finished goods 2,487 2,994
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax 6,894 12,051
Accruals and deferred income 375 326
7,269 12,376
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,907 17,916
Directors loan account 147,633 143,146
160,540 161,062
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 24 24
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