Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC400727 Mr Mark Whelband Mrs Debra Whelband iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC400727 2023-06-30 SC400727 2024-06-30 SC400727 2023-07-01 2024-06-30 SC400727 frs-core:CurrentFinancialInstruments 2024-06-30 SC400727 frs-core:Non-currentFinancialInstruments 2024-06-30 SC400727 frs-core:ComputerEquipment 2024-06-30 SC400727 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC400727 frs-core:ComputerEquipment 2023-06-30 SC400727 frs-core:FurnitureFittings 2024-06-30 SC400727 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC400727 frs-core:FurnitureFittings 2023-06-30 SC400727 frs-core:MotorVehicles 2024-06-30 SC400727 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC400727 frs-core:MotorVehicles 2023-06-30 SC400727 frs-core:PlantMachinery 2024-06-30 SC400727 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC400727 frs-core:PlantMachinery 2023-06-30 SC400727 frs-core:ShareCapital 2024-06-30 SC400727 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC400727 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC400727 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC400727 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC400727 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC400727 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC400727 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 SC400727 frs-bus:OrdinaryShareClass1 2024-06-30 SC400727 frs-bus:Director1 2023-07-01 2024-06-30 SC400727 frs-bus:Director1 2023-06-30 SC400727 frs-bus:Director1 2024-06-30 SC400727 frs-bus:Director2 2023-07-01 2024-06-30 SC400727 frs-bus:Director2 2023-06-30 SC400727 frs-bus:Director2 2024-06-30 SC400727 frs-core:CurrentFinancialInstruments 9 2024-06-30 SC400727 frs-countries:Scotland 2023-07-01 2024-06-30 SC400727 2022-06-30 SC400727 2023-06-30 SC400727 2022-07-01 2023-06-30 SC400727 frs-core:CurrentFinancialInstruments 2023-06-30 SC400727 frs-core:Non-currentFinancialInstruments 2023-06-30 SC400727 frs-core:ShareCapital 2023-06-30 SC400727 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC400727 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 SC400727 frs-core:CurrentFinancialInstruments 9 2023-06-30
Registered number: SC400727
M & D Structural Engineering Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: SC400727
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 11,121 17,208
11,121 17,208
CURRENT ASSETS
Debtors 5 12,298 229
Cash at bank and in hand 27,810 25,560
40,108 25,789
Creditors: Amounts falling due within one year 6 (30,405 ) (25,009 )
NET CURRENT ASSETS (LIABILITIES) 9,703 780
TOTAL ASSETS LESS CURRENT LIABILITIES 20,824 17,988
Creditors: Amounts falling due after more than one year 7 (6,749 ) (13,937 )
NET ASSETS 14,075 4,051
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 13,975 3,951
SHAREHOLDERS' FUNDS 14,075 4,051
Page 1
Page 2
For the year ending 30 June 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 Income Statement.
The financial statements were approved by the board of directors on 16 February 2025 and were signed on its behalf by:
Mr Mark Whelband
Director
16 February 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M & D Structural Engineering Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC400727 . The registered office is Ulaw Farmhouse, Ellon, AB41 8NU.
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 FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland - Small Entities 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.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, net of discounts, value added taxes and other applicable sales taxes.
Rendering of services
Turnover from the provision of engineering construction and consultancy services is recognised in the period in which the services are provided.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged to the income statement at the following rates in order to write off the cost of the assets, less their estimated residual value, over their estimated useful lives:
Plant & Machinery Mixture of 50% and 33% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 33% straight line
Computer Equipment Mixture of 50% and 33% straight line
2.5. Financial Instruments
Basic financial instruments
Cash and cash equivalents, and trade and other debtors and creditors, are classified as basic financial instruments.
Basic financial instruments not constituting financing transactions are initially recognised at transaction price. For arrangements constituting financing transactions, different recognition criteria apply:
  • Loans to the company from a person who is within a director's group of close family members that contains at least one shareholder are also initially recognised at transaction price.
  • All other arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest.
Subsequent to initial recognition:
  • Basic financial instruments classified as payable or receivable after more than one year are measured at amortised cost using the effective interest method.
  • Basic financial instruments classified as payable or receivable within one year are only amortised if the effect is material.
Cash and cash equivalents
Cash in hand, bank balances, and short-term deposits with an original maturity of three months or less, which are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value, are classified as cash and cash equivalents. These amounts are included in 'Cash at bank and in hand' on the statement of financial position.
Bank overdrafts are generally classified separately as creditors under current liabilities. However, if overdrafts are repayable on demand and the company has a legally enforceable right to set them off against cash and cash equivalents, they may be offset in certain circumstances.
Page 3
Page 4
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
Contributions to defined contribution pension plans are charged to the income statement as they become payable in accordance with the rules of the respective schemes.
2.9. Presentation Currency
The financial statements are presented in £ sterling, which is the functional currency of the company.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors' report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, including directors and other officers, during the year was: 2 (2023: 2)
2 2
4. Tangible assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 2,152 42,113 606 2,629 47,500
Additions 1,810 - 1,486 - 3,296
As at 30 June 2024 3,962 42,113 2,092 2,629 50,796
Depreciation
As at 1 July 2023 2,069 25,268 388 2,567 30,292
Provided during the period 544 8,422 355 62 9,383
As at 30 June 2024 2,613 33,690 743 2,629 39,675
Net Book Value
As at 30 June 2024 1,349 8,423 1,349 - 11,121
As at 1 July 2023 83 16,845 218 62 17,208
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 12,077 -
VAT receivable 221 229
12,298 229
6. Creditors: Amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 7,188 7,011
Corporation tax 21,441 13,966
Other taxes and social security 881 826
VAT - 14
Net wages - 2,018
Directors' loan accounts 895 1,174
30,405 25,009
7. Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans 6,749 13,937
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary shares of £ 1.00 each 100 100
9. Pension Commitments
The company makes contributions to the personal pension plans of the directors.
The total pension cost charge recognised in the income statement for the period represents employer contributions to these personal pension plans, which amounted to £7,900 (2023: £7,200).
10. Directors Advances, Credits and Guarantees
Loans to directors
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Mark Whelband - 2,496 2,496 - -
Mrs Debra Whelband - 899 899 - -
The above loans are interest-free, unsecured and repayable on demand.
Page 5
Page 6
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 56,700 56,600
12. Related Party Transactions
During the year, the company entered into the following transactions with related parties:
Owners holding a participating interest
During the year, the company received loans from Mr M Whelband, a director and shareholder with a participating interest, totalling £630 (2023: £1,483). At the reporting date, the outstanding loan balance was £445 (2023: £488). The maximum balance outstanding during the year was £488 (2023: £1,030).
This amount is interest-free, unsecured and repayable on demand.
During the year, the company received loans from Mrs D Whelband, a director and shareholder with a participating interest, totalling £1,950 (2023: £1,809). At the reporting date, the outstanding loan balance was £450 (2023: £686). The maximum balance outstanding during the year was £1,764 (2023: £1,260).
This amount is interest-free, unsecured and repayable on demand.
For details of loans to directors, see the Directors' Advances, Credits and Guarantees note.
Page 6