Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC566768 Mrs Cassie Thoms Mr Kenneth Thoms iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC566768 2023-05-31 SC566768 2024-05-31 SC566768 2023-06-01 2024-05-31 SC566768 frs-core:CurrentFinancialInstruments 2024-05-31 SC566768 frs-core:ComputerEquipment 2024-05-31 SC566768 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC566768 frs-core:ComputerEquipment 2023-05-31 SC566768 frs-core:NetGoodwill 2024-05-31 SC566768 frs-core:NetGoodwill 2023-06-01 2024-05-31 SC566768 frs-core:NetGoodwill 2023-05-31 SC566768 frs-core:PlantMachinery 2024-05-31 SC566768 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC566768 frs-core:PlantMachinery 2023-05-31 SC566768 frs-core:ShareCapital 2024-05-31 SC566768 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC566768 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC566768 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC566768 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC566768 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC566768 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC566768 frs-bus:Director1 2023-06-01 2024-05-31 SC566768 frs-bus:Director2 2023-06-01 2024-05-31 SC566768 frs-countries:Scotland 2023-06-01 2024-05-31 SC566768 2022-05-31 SC566768 2023-05-31 SC566768 2022-06-01 2023-05-31 SC566768 frs-core:CurrentFinancialInstruments 2023-05-31 SC566768 frs-core:ShareCapital 2023-05-31 SC566768 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC566768
Neuro Physio Scotland Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC566768
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 63,333 83,333
Tangible Assets 5 11,535 16,443
74,868 99,776
CURRENT ASSETS
Stocks 6 2,400 3,732
Debtors 7 30,110 37,422
Cash at bank and in hand 431,539 340,654
464,049 381,808
Creditors: Amounts Falling Due Within One Year 8 (264,161 ) (272,261 )
NET CURRENT ASSETS (LIABILITIES) 199,888 109,547
TOTAL ASSETS LESS CURRENT LIABILITIES 274,756 209,323
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,881 ) (4,111 )
NET ASSETS 271,875 205,212
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 271,775 205,112
SHAREHOLDERS' FUNDS 271,875 205,212
Page 1
Page 2
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 Kenneth Thoms
Director
20/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Neuro Physio Scotland Limited is a private company, limited by shares, incorporated in Scotland, registered number SC566768 . The registered office is 76 Dumbarton Road, Clydebank, Glasgow, G81 1UG.
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 10 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% Straight line basis
Computer Equipment 33% Straight line basis
Impairment of Fixed Assets
At each reporting period the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment. If any such indication exists the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss - if any.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 200,000
As at 31 May 2024 200,000
Amortisation
As at 1 June 2023 116,667
Provided during the period 20,000
As at 31 May 2024 136,667
Net Book Value
As at 31 May 2024 63,333
As at 1 June 2023 83,333
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 37,596 7,910 45,506
Additions - 1,821 1,821
Disposals (2,120 ) - (2,120 )
As at 31 May 2024 35,476 9,731 45,207
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 June 2023 24,720 4,343 29,063
Provided during the period 3,902 2,827 6,729
Disposals (2,120 ) - (2,120 )
As at 31 May 2024 26,502 7,170 33,672
Net Book Value
As at 31 May 2024 8,974 2,561 11,535
As at 1 June 2023 12,876 3,567 16,443
6. Stocks
2024 2023
£ £
Stock 2,400 3,732
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,199 31,033
Other debtors 7,911 6,389
30,110 37,422
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,631 19,370
Other creditors 205,540 218,094
Taxation and social security 49,990 34,797
264,161 272,261
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At 31 May 2024 - 'Othercreditors' included balances of £201,567 due to the directors (2023 - £198,923).
Page 5