Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 3 October 2022 false 1 November 2023 31 October 2024 31 October 2024 SC746170 Mr Allan Watson director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC746170 2023-10-31 SC746170 2024-10-31 SC746170 2023-11-01 2024-10-31 SC746170 frs-core:CurrentFinancialInstruments 2024-10-31 SC746170 frs-core:Non-currentFinancialInstruments 2024-10-31 SC746170 frs-core:BetweenOneFiveYears 2024-10-31 SC746170 frs-core:ComputerEquipment 2024-10-31 SC746170 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC746170 frs-core:ComputerEquipment 2023-10-31 SC746170 frs-core:FurnitureFittings 2024-10-31 SC746170 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC746170 frs-core:FurnitureFittings 2023-10-31 SC746170 frs-core:MotorVehicles 2024-10-31 SC746170 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC746170 frs-core:MotorVehicles 2023-10-31 SC746170 frs-core:WithinOneYear 2024-10-31 SC746170 frs-core:ShareCapital 2024-10-31 SC746170 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC746170 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC746170 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC746170 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC746170 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC746170 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC746170 1 2023-11-01 2024-10-31 SC746170 frs-bus:Director1 2023-11-01 2024-10-31 SC746170 frs-countries:Scotland 2023-11-01 2024-10-31 SC746170 2022-10-02 SC746170 2023-10-31 SC746170 2022-10-03 2023-10-31 SC746170 frs-core:CurrentFinancialInstruments 2023-10-31 SC746170 frs-core:Non-currentFinancialInstruments 2023-10-31 SC746170 frs-core:BetweenOneFiveYears 2023-10-31 SC746170 frs-core:WithinOneYear 2023-10-31 SC746170 frs-core:ShareCapital 2023-10-31 SC746170 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC746170
Watson Construction Training Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC746170
31 October 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,615 9,128
6,615 9,128
CURRENT ASSETS
Debtors 5 720 4,995
Cash at bank and in hand 6,303 5,494
7,023 10,489
Creditors: Amounts Falling Due Within One Year 6 (19,965 ) (8,649 )
NET CURRENT ASSETS (LIABILITIES) (12,942 ) 1,840
TOTAL ASSETS LESS CURRENT LIABILITIES (6,327 ) 10,968
Creditors: Amounts Falling Due After More Than One Year 7 (249 ) (3,423 )
NET (LIABILITIES)/ASSETS (6,576 ) 7,545
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement (6,676 ) 7,445
SHAREHOLDERS' FUNDS (6,576) 7,545
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Allan Watson
Director
17/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Watson Construction Training Limited is a private company, limited by shares, incorporated in Scotland, registered number SC746170 . The registered office is 57 Cricketfield Place, Armadale, Bathgate, West Lothian, EH48 2GA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis, despite the fact that liabilities exceed assets. 
The directors have given an undertaking to support the company until it returns to a net assets position.  The directors  therefore consider that it is appropriate to prepare the accounts on the going concern basis.
2.3. 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.
2.4. 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 Straight line - 25%
Fixtures & Fittings Straight line - 25%
Computer Equipment Straight line - 25%
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 income statement 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 income statement 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 9,505 883 1,013 11,401
Additions - - 390 390
As at 31 October 2024 9,505 883 1,403 11,791
Depreciation
As at 1 November 2023 1,979 152 142 2,273
Provided during the period 2,377 221 305 2,903
As at 31 October 2024 4,356 373 447 5,176
Net Book Value
As at 31 October 2024 5,149 510 956 6,615
As at 1 November 2023 7,526 731 871 9,128
5. Debtors
31 October 2024 31 October 2023
£ £
Due within one year
Trade debtors 267 4,542
Other debtors 453 453
720 4,995
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6. Creditors: Amounts Falling Due Within One Year
31 October 2024 31 October 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,174 3,174
Trade creditors (1 ) -
Bank loans and overdrafts 8,000 -
Other creditors 8,392 260
Taxation and social security 400 5,215
19,965 8,649
7. Creditors: Amounts Falling Due After More Than One Year
31 October 2024 31 October 2023
£ £
Net obligations under finance lease and hire purchase contracts 249 3,423
8. Obligations Under Finance Leases and Hire Purchase
31 October 2024 31 October 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,174 3,174
Later than one year and not later than five years 249 3,423
3,423 6,597
3,423 6,597
9. Share Capital
31 October 2024 31 October 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of his ownership of 100% of the issued share capital in the company.
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