Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC598559 Mrs N J Welch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC598559 2023-05-31 SC598559 2024-05-31 SC598559 2023-06-01 2024-05-31 SC598559 frs-core:CurrentFinancialInstruments 2024-05-31 SC598559 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 SC598559 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 SC598559 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 SC598559 frs-core:ShareCapital 2024-05-31 SC598559 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC598559 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC598559 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC598559 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC598559 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC598559 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC598559 frs-bus:Director1 2023-06-01 2024-05-31 SC598559 frs-countries:Scotland 2023-06-01 2024-05-31 SC598559 2022-05-31 SC598559 2023-05-31 SC598559 2022-06-01 2023-05-31 SC598559 frs-core:CurrentFinancialInstruments 2023-05-31 SC598559 frs-core:ShareCapital 2023-05-31 SC598559 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC598559
Quenchable Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC598559
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 196 4,380
196 4,380
CURRENT ASSETS
Debtors 5 378 253
Cash at bank and in hand 6 4,259
384 4,512
Creditors: Amounts Falling Due Within One Year 6 (16,893 ) (20,092 )
NET CURRENT ASSETS (LIABILITIES) (16,509 ) (15,580 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,313 ) (11,200 )
NET LIABILITIES (16,313 ) (11,200 )
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (16,323 ) (11,210 )
SHAREHOLDERS' FUNDS (16,313) (11,200)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs N J Welch
Director
27 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quenchable Limited is a private company, limited by shares, incorporated in Scotland, registered number SC598559 . The registered office is Biz, Queen Margaret University, Queen Margaret University Drive, Musselburgh, EH21 6UU.
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
As at the balance sheet date the company was in a net liabilities position.  The director considers that, with her continued support, the company will continue to meet its obligations as they fall due.  On this basis she considers it appropriate to prepare these accounts on a 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Development Costs
£
Cost
As at 1 June 2023 26,616
As at 31 May 2024 26,616
Amortisation
As at 1 June 2023 22,236
Provided during the period 4,184
As at 31 May 2024 26,420
Net Book Value
As at 31 May 2024 196
As at 1 June 2023 4,380
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
VAT 378 253
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 250 147
Other creditors 896 4,896
Director's loan account 15,298 15,049
Amounts owed to related parties 449 -
16,893 20,092
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Related Party Transactions
As at 31 May 2024 the amount owed to Mrs N J Welch by the company was £15,298 (2023: £15,049). 
At 31 May 2024, there was an amount of £449 due to Tube Map Limited, a company with a common director (2023: nil). 
Page 4