Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC574011 Mrs Hannah Phillips Mrs Hannah Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC574011 2023-08-31 SC574011 2024-08-31 SC574011 2023-09-01 2024-08-31 SC574011 frs-core:CurrentFinancialInstruments 2024-08-31 SC574011 frs-core:Non-currentFinancialInstruments 2024-08-31 SC574011 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC574011 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC574011 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SC574011 frs-core:ShareCapital 2024-08-31 SC574011 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC574011 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC574011 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC574011 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC574011 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC574011 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC574011 frs-bus:Director1 2023-09-01 2024-08-31 SC574011 frs-bus:Director2 2023-09-01 2024-08-31 SC574011 frs-countries:Scotland 2023-09-01 2024-08-31 SC574011 2022-08-31 SC574011 2023-08-31 SC574011 2022-09-01 2023-08-31 SC574011 frs-core:CurrentFinancialInstruments 2023-08-31 SC574011 frs-core:Non-currentFinancialInstruments 2023-08-31 SC574011 frs-core:ShareCapital 2023-08-31 SC574011 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC574011
56 Newington Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Paterson Accountancy Ltd
29 Academy Place
Bathgate
EH48 1AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC574011
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 120,000 120,000
120,000 120,000
CURRENT ASSETS
Debtors 5 10 10
Cash at bank and in hand 29,337 29,121
29,347 29,131
Creditors: Amounts Falling Due Within One Year 6 (87,029 ) (85,222 )
NET CURRENT ASSETS (LIABILITIES) (57,682 ) (56,091 )
TOTAL ASSETS LESS CURRENT LIABILITIES 62,318 63,909
Creditors: Amounts Falling Due After More Than One Year 7 (41,500 ) (41,500 )
NET ASSETS 20,818 22,409
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 20,808 22,399
SHAREHOLDERS' FUNDS 20,818 22,409
Page 1
Page 2
For the year ending 31 August 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
Mrs Hannah Phillips
Director
06/02/2025
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
56 Newington Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC574011 . The registered office is No 56 56 Newington Road, Edinburgh, EH9 1QN.
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 10% reducing
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2023 120,000
As at 31 August 2024 120,000
Net Book Value
As at 31 August 2024 120,000
As at 1 September 2023 120,000
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 10 10
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 65,000 65,000
Directors' loan accounts 22,029 20,222
87,029 85,222
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 41,500 41,500
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 10 10
Amount of Allotted, Called Up Share Capital 10 10
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