Acorah Software Products - Accounts Production 16.1.300 false true 30 January 2023 31 January 2022 false 31 January 2023 30 January 2024 30 January 2024 SC211647 Mrs Zara Khursheed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC211647 2023-01-30 SC211647 2024-01-30 SC211647 2023-01-31 2024-01-30 SC211647 frs-core:CurrentFinancialInstruments 2024-01-30 SC211647 frs-core:Non-currentFinancialInstruments 2024-01-30 SC211647 frs-core:ComputerEquipment 2024-01-30 SC211647 frs-core:ComputerEquipment 2023-01-31 2024-01-30 SC211647 frs-core:ComputerEquipment 2023-01-30 SC211647 frs-core:MotorVehicles 2024-01-30 SC211647 frs-core:MotorVehicles 2023-01-31 2024-01-30 SC211647 frs-core:MotorVehicles 2023-01-30 SC211647 frs-core:ShareCapital 2024-01-30 SC211647 frs-core:RetainedEarningsAccumulatedLosses 2024-01-30 SC211647 frs-bus:PrivateLimitedCompanyLtd 2023-01-31 2024-01-30 SC211647 frs-bus:FilletedAccounts 2023-01-31 2024-01-30 SC211647 frs-bus:SmallEntities 2023-01-31 2024-01-30 SC211647 frs-bus:AuditExempt-NoAccountantsReport 2023-01-31 2024-01-30 SC211647 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-31 2024-01-30 SC211647 frs-bus:Director1 2023-01-31 2024-01-30 SC211647 frs-countries:Scotland 2023-01-31 2024-01-30 SC211647 2022-01-30 SC211647 2023-01-30 SC211647 2022-01-31 2023-01-30 SC211647 frs-core:CurrentFinancialInstruments 2023-01-30 SC211647 frs-core:Non-currentFinancialInstruments 2023-01-30 SC211647 frs-core:ShareCapital 2023-01-30 SC211647 frs-core:RetainedEarningsAccumulatedLosses 2023-01-30
Registered number: SC211647
Pound Savers (UK) Ltd.
Unaudited Financial Statements
For The Year Ended 30 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC211647
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,060 6,747
5,060 6,747
CURRENT ASSETS
Stocks 5 27,500 41,313
Debtors 6 44,010 16,231
Cash at bank and in hand 7,998 21,230
79,508 78,774
Creditors: Amounts Falling Due Within One Year 7 (30,589 ) (15,507 )
NET CURRENT ASSETS (LIABILITIES) 48,919 63,267
TOTAL ASSETS LESS CURRENT LIABILITIES 53,979 70,014
Creditors: Amounts Falling Due After More Than One Year 8 (24,589 ) (30,497 )
NET ASSETS 29,390 39,517
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 29,290 39,417
SHAREHOLDERS' FUNDS 29,390 39,517
Page 1
Page 2
For the year ending 30 January 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.
The financial statements were approved by the board of directors on 30 January 2025 and were signed on its behalf by:
Mrs Zara Khursheed
Director
30/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pound Savers (UK) Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC211647 . The registered office is 13 King Street, Bathgate, EH48 1NU.
The presentation currency of the financial statements is Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.2. Significant judgements and estimations
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. 
The director considers there are no such significant judgements.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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:
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
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. Financial Instruments
The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties. 
Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.  Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received. 
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period of evidence of impairment and if found, an impairment loss is recognised in profit or loss. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. 
Cash and cash equivalents included cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Page 3
Page 4
2.7. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company’s liability for current tax is calculated using tax rates that have been enacted or subsequently enacted by the end of the reporting period. 
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 all 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 director considers 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 the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. 
With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense. 
Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. 
2.8. Impairment on non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss. 
2.9. Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation at the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 31 January 2023 22,320 3,750 26,070
As at 30 January 2024 22,320 3,750 26,070
Depreciation
As at 31 January 2023 17,023 2,300 19,323
Provided during the period 1,325 362 1,687
As at 30 January 2024 18,348 2,662 21,010
Net Book Value
As at 30 January 2024 3,972 1,088 5,060
As at 31 January 2023 5,297 1,450 6,747
5. Stocks
2024 2023
£ £
Finished goods 27,500 41,313
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,667 4,906
Other debtors 35,343 11,325
44,010 16,231
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,153 348
Bank loans and overdrafts 10,003 9,996
Other creditors 15,616 3,228
Taxation and social security 2,817 1,935
30,589 15,507
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,589 30,497
Page 5