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 SC169567 Mr James Stewart Miss Rhona Stewart Mr. James Stewart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC169567 2023-04-30 SC169567 2024-04-30 SC169567 2023-05-01 2024-04-30 SC169567 frs-core:CurrentFinancialInstruments 2024-04-30 SC169567 frs-core:MotorVehicles 2024-04-30 SC169567 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC169567 frs-core:MotorVehicles 2023-04-30 SC169567 frs-core:PlantMachinery 2024-04-30 SC169567 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC169567 frs-core:PlantMachinery 2023-04-30 SC169567 frs-core:ShareCapital 2024-04-30 SC169567 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC169567 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC169567 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC169567 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC169567 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC169567 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC169567 frs-bus:Director1 2023-05-01 2024-04-30 SC169567 frs-bus:Director2 2023-05-01 2024-04-30 SC169567 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 SC169567 frs-countries:Scotland 2023-05-01 2024-04-30 SC169567 2022-04-30 SC169567 2023-04-30 SC169567 2022-05-01 2023-04-30 SC169567 frs-core:CurrentFinancialInstruments 2023-04-30 SC169567 frs-core:ShareCapital 2023-04-30 SC169567 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC169567
Cioch Limited
Financial Statements
For The Year Ended 30 April 2024
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC169567
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,915 4,894
3,915 4,894
CURRENT ASSETS
Debtors 5 821 423
Cash at bank and in hand 76,791 88,696
77,612 89,119
Creditors: Amounts Falling Due Within One Year 6 (22,771 ) (30,203 )
NET CURRENT ASSETS (LIABILITIES) 54,841 58,916
TOTAL ASSETS LESS CURRENT LIABILITIES 58,756 63,810
NET ASSETS 58,756 63,810
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 58,754 63,808
SHAREHOLDERS' FUNDS 58,756 63,810
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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 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 James Stewart
Director
8th January 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cioch Limited is a private company, limited by shares, incorporated in Scotland, registered number SC169567 . The registered office is 8 Glen Spean Park, Roybridge, Inverness Shire, PH31 4AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
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: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 73,005 32,615 105,620
As at 30 April 2024 73,005 32,615 105,620
Depreciation
As at 1 May 2023 68,111 32,615 100,726
Provided during the period 979 - 979
As at 30 April 2024 69,090 32,615 101,705
Net Book Value
As at 30 April 2024 3,915 - 3,915
As at 1 May 2023 4,894 - 4,894
5. Debtors
2024 2023
£ £
Due within one year
VAT 485 423
Other taxes and social security 336 -
821 423
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 777 777
Corporation tax 3,217 4,881
Other taxes and social security - 345
Other creditors 9,937 15,421
Accruals and deferred income 1,250 1,250
Directors' loan accounts 7,590 7,529
22,771 30,203
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr James Stewart 18,000 6,000
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