Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC255372 Mr William Black Mr James Mason Mr Richard Murphy R J Murphy true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC255372 2023-03-31 SC255372 2024-03-31 SC255372 2023-04-01 2024-03-31 SC255372 frs-core:CurrentFinancialInstruments 2024-03-31 SC255372 frs-core:Non-currentFinancialInstruments 2024-03-31 SC255372 frs-core:ComputerEquipment 2024-03-31 SC255372 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC255372 frs-core:ComputerEquipment 2023-03-31 SC255372 frs-core:FurnitureFittings 2024-03-31 SC255372 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC255372 frs-core:FurnitureFittings 2023-03-31 SC255372 frs-core:NetGoodwill 2024-03-31 SC255372 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC255372 frs-core:NetGoodwill 2023-03-31 SC255372 frs-core:MotorVehicles 2024-03-31 SC255372 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC255372 frs-core:MotorVehicles 2023-03-31 SC255372 frs-core:WithinOneYear 2024-03-31 SC255372 frs-core:ShareCapital 2024-03-31 SC255372 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC255372 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC255372 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC255372 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC255372 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC255372 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC255372 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 SC255372 frs-bus:OrdinaryShareClass2 2024-03-31 SC255372 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 SC255372 frs-bus:OrdinaryShareClass3 2024-03-31 SC255372 1 2023-04-01 2024-03-31 SC255372 frs-bus:Director1 2023-04-01 2024-03-31 SC255372 frs-bus:Director2 2023-04-01 2024-03-31 SC255372 frs-bus:Director3 2023-04-01 2024-03-31 SC255372 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC255372 frs-core:Non-currentFinancialInstruments 1 2024-03-31 SC255372 frs-core:CurrentFinancialInstruments 2 2024-03-31 SC255372 frs-core:Non-currentFinancialInstruments 2 2024-03-31 SC255372 frs-core:CurrentFinancialInstruments 4 2024-03-31 SC255372 frs-countries:Scotland 2023-04-01 2024-03-31 SC255372 2022-03-31 SC255372 2023-03-31 SC255372 2022-04-01 2023-03-31 SC255372 frs-core:CurrentFinancialInstruments 2023-03-31 SC255372 frs-core:Non-currentFinancialInstruments 2023-03-31 SC255372 frs-core:WithinOneYear 2023-03-31 SC255372 frs-core:ShareCapital 2023-03-31 SC255372 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC255372 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC255372 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31 SC255372 frs-core:CurrentFinancialInstruments 1 2023-03-31 SC255372 frs-core:Non-currentFinancialInstruments 1 2023-03-31 SC255372 frs-core:CurrentFinancialInstruments 2 2023-03-31 SC255372 frs-core:Non-currentFinancialInstruments 2 2023-03-31 SC255372 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: SC255372
Richard Murphy Architects Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Jeffrey A C Meek LLP
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC255372
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 24,585 51,449
Tangible Assets 5 19,122 41,210
43,707 92,659
CURRENT ASSETS
Debtors 6 239,097 291,219
Cash at bank and in hand 44,993 191,183
284,090 482,402
Creditors: Amounts Falling Due Within One Year 7 (242,977 ) (439,135 )
NET CURRENT ASSETS (LIABILITIES) 41,113 43,267
TOTAL ASSETS LESS CURRENT LIABILITIES 84,820 135,926
Creditors: Amounts Falling Due After More Than One Year 8 (25,574 ) (71,467 )
NET ASSETS 59,246 64,459
CAPITAL AND RESERVES
Called up share capital 9 5 5
Profit and Loss Account 59,241 64,454
SHAREHOLDERS' FUNDS 59,246 64,459
Page 1
Page 2
For the year ending 31 March 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 William Black
Director
11th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Richard Murphy Architects Limited is a private company, limited by shares, incorporated in Scotland, registered number SC255372 . The registered office is 15 Old Fishmarket Close, Edinburgh, Midlothian, EH1 1RW.
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 .... 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:
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 14)
13 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 794,529
As at 31 March 2024 794,529
Amortisation
As at 1 April 2023 743,080
Provided during the period 26,864
As at 31 March 2024 769,944
Net Book Value
As at 31 March 2024 24,585
As at 1 April 2023 51,449
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 10,688 9,979 165,082 185,749
Additions - - 460 460
As at 31 March 2024 10,688 9,979 165,542 186,209
Depreciation
As at 1 April 2023 10,688 8,205 125,646 144,539
Provided during the period - 592 21,956 22,548
As at 31 March 2024 10,688 8,797 147,602 167,087
Net Book Value
As at 31 March 2024 - 1,182 17,940 19,122
As at 1 April 2023 - 1,774 39,436 41,210
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 85,347 143,213
Amounts recoverable on contracts 119,836 140,035
Prepayments and accrued income - 7,425
Breakfast Mission debit balance - 546
VAT 33,914 -
239,097 291,219
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,527 18,380
Bank loans and overdrafts 35,000 35,000
Corporation tax 12,957 -
Other taxes and social security 19,715 24,656
VAT - 56,574
Payments received on account 45,839 160,789
Pension Liability 4,834 5,826
Contract Accruals 32,960 69,392
Accruals and deferred income 8,750 8,000
Directors' loan accounts 35,395 60,518
242,977 439,135
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
RBS Bounce Back Loan 6,129 22,386
CBILS Loan from Funding Circle 19,445 49,081
25,574 71,467
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
4 Ordinary A shares of £ 1.000 each 4 4
1 Ordinary B shares of £ 1.000 each 1 1
5 5
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 24,200 24,200
24,200 24,200
11. Ultimate Controlling Party
The company's ultimate controlling party is R J Murphy by virtue of his ownership of 100% of the issued share capital in the company.
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