Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC507930 Mr Stuart Macaulay Mr John Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC507930 2023-05-31 SC507930 2024-05-31 SC507930 2023-06-01 2024-05-31 SC507930 frs-core:CurrentFinancialInstruments 2024-05-31 SC507930 frs-core:ComputerEquipment 2024-05-31 SC507930 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC507930 frs-core:ComputerEquipment 2023-05-31 SC507930 frs-core:MotorVehicles 2024-05-31 SC507930 frs-core:MotorVehicles 2023-06-01 2024-05-31 SC507930 frs-core:MotorVehicles 2023-05-31 SC507930 frs-core:PlantMachinery 2024-05-31 SC507930 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC507930 frs-core:PlantMachinery 2023-05-31 SC507930 frs-core:WithinOneYear 2024-05-31 SC507930 frs-core:ShareCapital 2024-05-31 SC507930 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC507930 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC507930 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC507930 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC507930 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC507930 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC507930 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-05-31 SC507930 frs-bus:Director1 2023-06-01 2024-05-31 SC507930 frs-bus:Director2 2023-06-01 2024-05-31 SC507930 frs-core:CurrentFinancialInstruments 1 2024-05-31 SC507930 frs-countries:Scotland 2023-06-01 2024-05-31 SC507930 2022-05-31 SC507930 2023-05-31 SC507930 2022-06-01 2023-05-31 SC507930 frs-core:CurrentFinancialInstruments 2023-05-31 SC507930 frs-core:WithinOneYear 2023-05-31 SC507930 frs-core:ShareCapital 2023-05-31 SC507930 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 SC507930 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-05-31 SC507930 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: SC507930
Pavetec Ltd.
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC507930
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,955 13,789
11,955 13,789
CURRENT ASSETS
Stocks 5 1,990 2,540
Debtors 6 59,620 87,904
Cash at bank and in hand 40,573 53,718
102,183 144,162
Creditors: Amounts Falling Due Within One Year 7 (57,597 ) (58,345 )
NET CURRENT ASSETS (LIABILITIES) 44,586 85,817
TOTAL ASSETS LESS CURRENT LIABILITIES 56,541 99,606
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,988 ) (2,620 )
NET ASSETS 53,553 96,986
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 53,453 96,886
SHAREHOLDERS' FUNDS 53,553 96,986
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For the year ending 31 May 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 John Brown
Director
25/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pavetec Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC507930 . The registered office is 2nd Floor, Belgrave Court, Rosehall Road, Bellshill, North Lanarkshire, ML4 3NR.
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, excluding discounts, rebates, value added tax and other sales taxes.

The company sells civil engineering services to the construction industry. When the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion, the company recognises revenue on the sales of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33.33% on reducing balance
Tangible assets are initially recognised at cost which is the purchase price plus any directly attributable costs.
Subsequently tangible assets are measured at cost less accumulated depreciation and impairment losses.
2.4. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
2.5. Financial Instruments
The company only has basic financial instruments.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 25,972 18,822 2,871 47,665
Additions - - 1,025 1,025
As at 31 May 2024 25,972 18,822 3,896 48,690
Depreciation
As at 1 June 2023 15,757 16,448 1,671 33,876
Provided during the period 1,532 593 734 2,859
As at 31 May 2024 17,289 17,041 2,405 36,735
Net Book Value
As at 31 May 2024 8,683 1,781 1,491 11,955
As at 1 June 2023 10,215 2,374 1,200 13,789
5. Stocks
2024 2023
£ £
Work in progress 1,990 2,540
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,735 69,603
Other debtors 7,831 7,831
Tax Debtor 6,014 6,086
VAT 4,040 4,384
59,620 87,904
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,539 6,974
Corporation tax 40,633 35,060
Other creditors 1,510 2,309
Accruals and deferred income (4 ) 3,631
Directors' loan accounts 1,919 10,371
57,597 58,345
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 2,988 2,620
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
Buildings are leased on a rolling basis and are reviewed annually.
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,120 6,120
6,120 6,120
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11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 49,500 35,200
Final dividend paid 50,500 24,800
100,000 60,000
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