Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC223175 Ricardo Capaldi Marino Capaldi Emilio Capaldi Emilio Capaldi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC223175 2023-09-30 SC223175 2024-09-30 SC223175 2023-10-01 2024-09-30 SC223175 frs-core:CurrentFinancialInstruments 2024-09-30 SC223175 frs-core:ComputerEquipment 2024-09-30 SC223175 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC223175 frs-core:ComputerEquipment 2023-09-30 SC223175 frs-core:FurnitureFittings 2024-09-30 SC223175 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC223175 frs-core:FurnitureFittings 2023-09-30 SC223175 frs-core:NetGoodwill 2024-09-30 SC223175 frs-core:NetGoodwill 2023-10-01 2024-09-30 SC223175 frs-core:NetGoodwill 2023-09-30 SC223175 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 SC223175 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC223175 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 SC223175 frs-core:ShareCapital 2024-09-30 SC223175 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC223175 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC223175 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC223175 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC223175 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC223175 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC223175 frs-bus:Director1 2023-10-01 2024-09-30 SC223175 frs-bus:Director2 2023-10-01 2024-09-30 SC223175 frs-bus:Director3 2023-10-01 2024-09-30 SC223175 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC223175 frs-core:CurrentFinancialInstruments 1 2024-09-30 SC223175 frs-core:CurrentFinancialInstruments 4 2024-09-30 SC223175 frs-countries:Scotland 2023-10-01 2024-09-30 SC223175 2022-09-30 SC223175 2023-09-30 SC223175 2022-10-01 2023-09-30 SC223175 frs-core:CurrentFinancialInstruments 2023-09-30 SC223175 frs-core:ShareCapital 2023-09-30 SC223175 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC223175 frs-core:CurrentFinancialInstruments 1 2023-09-30 SC223175 frs-core:CurrentFinancialInstruments 4 2023-09-30
Registered number: SC223175
E.M.R. Capaldi Ltd.
Unaudited Financial Statements
For The Year Ended 30 September 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC223175
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,208,696 1,212,101
1,208,696 1,212,101
CURRENT ASSETS
Debtors 6 46,106 5,977
Cash at bank and in hand 644,902 618,414
691,008 624,391
Creditors: Amounts Falling Due Within One Year 7 (405,693 ) (438,670 )
NET CURRENT ASSETS (LIABILITIES) 285,315 185,721
TOTAL ASSETS LESS CURRENT LIABILITIES 1,494,011 1,397,822
NET ASSETS 1,494,011 1,397,822
CAPITAL AND RESERVES
Called up share capital 8 999 999
Profit and Loss Account 1,493,012 1,396,823
SHAREHOLDERS' FUNDS 1,494,011 1,397,822
Page 1
Page 2
For the year ending 30 September 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
Ricardo Capaldi
Director
Marino Capaldi
Director
Emilio Capaldi
Director
22/11/2024
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
E.M.R. Capaldi Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC223175 . The registered office is 14 Newton Place, Glasgow, G3 7PY.
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:
Freehold No depreciation
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 22)
- 22
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 618,570
Disposals (141,510 )
As at 30 September 2024 477,060
Amortisation
As at 1 October 2023 618,570
Disposals (141,510 )
As at 30 September 2024 477,060
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 1,205,132 271,739 15,516 1,492,387
As at 30 September 2024 1,205,132 271,739 15,516 1,492,387
Depreciation
As at 1 October 2023 - 265,551 14,735 280,286
Provided during the period - 2,624 781 3,405
As at 30 September 2024 - 268,175 15,516 283,691
Net Book Value
As at 30 September 2024 1,205,132 3,564 - 1,208,696
As at 1 October 2023 1,205,132 6,188 781 1,212,101
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 5,977 5,977
Other debtors 40,000 -
VAT 129 -
46,106 5,977
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 5,495 22,118
VAT - 4,700
Payments received on account 39,433 39,433
Loan 28,000 28,000
Accruals and deferred income 9,947 11,498
Directors' loan accounts 322,818 332,921
405,693 438,670
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 999 999
Page 5