Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC712055 Mr Matthew Reid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC712055 2023-10-31 SC712055 2024-10-31 SC712055 2023-11-01 2024-10-31 SC712055 frs-core:CurrentFinancialInstruments 2024-10-31 SC712055 frs-core:Non-currentFinancialInstruments 2024-10-31 SC712055 frs-core:BetweenOneFiveYears 2024-10-31 SC712055 frs-core:PlantMachinery 2024-10-31 SC712055 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC712055 frs-core:PlantMachinery 2023-10-31 SC712055 frs-core:WithinOneYear 2024-10-31 SC712055 frs-core:ShareCapital 2024-10-31 SC712055 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC712055 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC712055 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC712055 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC712055 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC712055 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC712055 frs-bus:Director1 2023-11-01 2024-10-31 SC712055 frs-countries:Scotland 2023-11-01 2024-10-31 SC712055 2022-10-31 SC712055 2023-10-31 SC712055 2022-11-01 2023-10-31 SC712055 frs-core:CurrentFinancialInstruments 2023-10-31 SC712055 frs-core:Non-currentFinancialInstruments 2023-10-31 SC712055 frs-core:BetweenOneFiveYears 2023-10-31 SC712055 frs-core:WithinOneYear 2023-10-31 SC712055 frs-core:ShareCapital 2023-10-31 SC712055 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC712055
XMR Plastering Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Hiller Associates
F.M.A.A.T, A.T.T
7 Kingshill Avenue
St Albans
AL4 9QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC712055
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,300 9,370
6,300 9,370
CURRENT ASSETS
Debtors 5 379 1,396
Cash at bank and in hand 4,690 19,429
5,069 20,825
Creditors: Amounts Falling Due Within One Year 6 (5,563 ) (14,353 )
NET CURRENT ASSETS (LIABILITIES) (494 ) 6,472
TOTAL ASSETS LESS CURRENT LIABILITIES 5,806 15,842
Creditors: Amounts Falling Due After More Than One Year 7 (4,569 ) (3,987 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,197 ) (1,983 )
NET ASSETS 40 9,872
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 39 9,871
SHAREHOLDERS' FUNDS 40 9,872
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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 Profit and Loss Account.
On behalf of the board
Mr Matthew Reid
Director
21/02/2025
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
XMR Plastering Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC712055 . The registered office is 70 Lloyd Court, Rutherglen, Glasgow, G73 1NS.
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 rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
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. 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 25%
2.4. 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.
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 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)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 18,188
Additions 3,163
As at 31 October 2024 21,351
Depreciation
As at 1 November 2023 8,818
Provided during the period 6,233
As at 31 October 2024 15,051
Net Book Value
As at 31 October 2024 6,300
As at 1 November 2023 9,370
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,396
Other debtors 130 -
Director's loan account 249 -
379 1,396
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,871 3,871
Trade creditors - 13
Other taxes and social security 1,692 10,434
Director's loan account - 35
5,563 14,353
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,569 3,987
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,871 3,871
Later than one year and not later than five years 4,569 3,987
8,440 7,858
8,440 7,858
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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