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 04870385 Mr David Shields Mr Robert Haines iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04870385 2023-08-31 04870385 2024-08-31 04870385 2023-09-01 2024-08-31 04870385 frs-core:CurrentFinancialInstruments 2024-08-31 04870385 frs-core:Non-currentFinancialInstruments 2024-08-31 04870385 frs-core:BetweenOneFiveYears 2024-08-31 04870385 frs-core:ComputerEquipment 2024-08-31 04870385 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04870385 frs-core:ComputerEquipment 2023-08-31 04870385 frs-core:FurnitureFittings 2024-08-31 04870385 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04870385 frs-core:FurnitureFittings 2023-08-31 04870385 frs-core:NetGoodwill 2024-08-31 04870385 frs-core:NetGoodwill 2023-09-01 2024-08-31 04870385 frs-core:NetGoodwill 2023-08-31 04870385 frs-core:MotorVehicles 2024-08-31 04870385 frs-core:MotorVehicles 2023-09-01 2024-08-31 04870385 frs-core:MotorVehicles 2023-08-31 04870385 frs-core:PlantMachinery 2024-08-31 04870385 frs-core:PlantMachinery 2023-09-01 2024-08-31 04870385 frs-core:PlantMachinery 2023-08-31 04870385 frs-core:WithinOneYear 2024-08-31 04870385 frs-core:RevaluationReserve 2023-08-31 04870385 frs-core:RevaluationReserve 2024-08-31 04870385 frs-core:ShareCapital 2024-08-31 04870385 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04870385 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04870385 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04870385 frs-bus:SmallEntities 2023-09-01 2024-08-31 04870385 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04870385 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04870385 frs-bus:Director1 2023-09-01 2024-08-31 04870385 frs-bus:Director2 2023-09-01 2024-08-31 04870385 frs-core:CurrentFinancialInstruments 3 2024-08-31 04870385 frs-countries:EnglandWales 2023-09-01 2024-08-31 04870385 2022-08-31 04870385 2023-08-31 04870385 2022-09-01 2023-08-31 04870385 frs-core:CurrentFinancialInstruments 2023-08-31 04870385 frs-core:Non-currentFinancialInstruments 2023-08-31 04870385 frs-core:BetweenOneFiveYears 2023-08-31 04870385 frs-core:WithinOneYear 2023-08-31 04870385 frs-core:RevaluationReserve 2023-08-31 04870385 frs-core:ShareCapital 2023-08-31 04870385 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 04870385 frs-core:CurrentFinancialInstruments 3 2023-08-31
Registered number: 04870385
1st Scenic Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04870385
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 102,000 108,000
Tangible Assets 5 49,500 65,169
151,500 173,169
CURRENT ASSETS
Debtors 6 992,538 357,915
Cash at bank and in hand 124,691 255,610
1,117,229 613,525
Creditors: Amounts Falling Due Within One Year 7 (1,026,136 ) (529,966 )
NET CURRENT ASSETS (LIABILITIES) 91,093 83,559
TOTAL ASSETS LESS CURRENT LIABILITIES 242,593 256,728
Creditors: Amounts Falling Due After More Than One Year 8 (75,448 ) (136,806 )
NET ASSETS 167,145 119,922
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 120,000 120,000
Profit and Loss Account 47,045 (178 )
SHAREHOLDERS' FUNDS 167,145 119,922
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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
Mr David Shields
Director
28 October 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
1st Scenic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04870385 . The registered office is 39 High Street, Orpington, Kent, BR6 0JE.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 15% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
4Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 120,000
As at 31 August 2024 120,000
Amortisation
As at 1 September 2023 12,000
Provided during the period 6,000
As at 31 August 2024 18,000
Net Book Value
As at 31 August 2024 102,000
As at 1 September 2023 108,000
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 38,471 54,594 98,346 4,124 195,535
Additions - - - 830 830
As at 31 August 2024 38,471 54,594 98,346 4,954 196,365
Depreciation
As at 1 September 2023 26,087 13,468 88,350 2,461 130,366
Provided during the period 3,096 10,281 2,499 623 16,499
As at 31 August 2024 29,183 23,749 90,849 3,084 146,865
Net Book Value
As at 31 August 2024 9,288 30,845 7,497 1,870 49,500
As at 1 September 2023 12,384 41,126 9,996 1,663 65,169
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 787,082 355,482
Other debtors 205,078 2,224
VAT 378 -
Other taxes and social security - 209
992,538 357,915
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,588 11,802
Trade creditors 148,395 74,924
Bank loans and overdrafts 62,000 62,000
Corporation tax 92,731 9,137
Other taxes and social security 2,888 -
VAT - 22,937
Other creditors 716,080 348,812
Other creditors - Pension 358 354
Directors' loan accounts 96 -
1,026,136 529,966
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,898 15,656
Bank loans 70,550 121,150
75,448 136,806
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,588 11,802
Later than one year and not later than five years 4,898 15,656
8,486 27,458
8,486 27,458
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 September 2023 120,000
As at 31 August 2024 120,000
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