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 SC564680 Mr Ross Simpson Mr Scott Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC564680 2023-10-31 SC564680 2024-10-31 SC564680 2023-11-01 2024-10-31 SC564680 frs-core:CurrentFinancialInstruments 2024-10-31 SC564680 frs-core:Non-currentFinancialInstruments 2024-10-31 SC564680 frs-core:MotorVehicles 2024-10-31 SC564680 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC564680 frs-core:MotorVehicles 2023-10-31 SC564680 frs-core:ShareCapital 2024-10-31 SC564680 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC564680 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC564680 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC564680 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC564680 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC564680 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC564680 frs-bus:Director1 2023-11-01 2024-10-31 SC564680 frs-bus:Director1 2023-10-31 SC564680 frs-bus:Director1 2024-10-31 SC564680 frs-bus:Director2 2023-11-01 2024-10-31 SC564680 frs-bus:Director2 2023-10-31 SC564680 frs-bus:Director2 2024-10-31 SC564680 frs-countries:Scotland 2023-11-01 2024-10-31 SC564680 2022-10-31 SC564680 2023-10-31 SC564680 2022-11-01 2023-10-31 SC564680 frs-core:CurrentFinancialInstruments 2023-10-31 SC564680 frs-core:Non-currentFinancialInstruments 2023-10-31 SC564680 frs-core:ShareCapital 2023-10-31 SC564680 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC564680
Roscot Group Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Tax Link
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC564680
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,865 10,470
2,865 10,470
CURRENT ASSETS
Debtors 5 81,519 26,823
Cash at bank and in hand 8,189 6,416
89,708 33,239
Creditors: Amounts Falling Due Within One Year 6 (25,456 ) (22,763 )
NET CURRENT ASSETS (LIABILITIES) 64,252 10,476
TOTAL ASSETS LESS CURRENT LIABILITIES 67,117 20,946
Creditors: Amounts Falling Due After More Than One Year 7 (6,197 ) (10,200 )
NET ASSETS 60,920 10,746
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 60,918 10,744
SHAREHOLDERS' FUNDS 60,920 10,746
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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 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 Ross Simpson
Director
05/12/2024
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
Roscot Group Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC564680 . The registered office is 35 Thomas Tunnock Grove, Uddingston, Glasgow, G71 7NZ.
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. 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 Straigh Line
2.4. 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.
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2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 November 2023 40,355
Disposals (6,650 )
As at 31 October 2024 33,705
Depreciation
As at 1 November 2023 29,885
Provided during the period 955
As at 31 October 2024 30,840
Net Book Value
As at 31 October 2024 2,865
As at 1 November 2023 10,470
5. Debtors
2024 2023
£ £
Due within one year
VAT - 199
CIS Tax Deductions 24,493 16,230
Directors' loan accounts 48,386 10,394
72,879 26,823
Due after more than one year
Corporation tax recoverable assets 8,640 -
81,519 26,823
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,857 13,469
Bank loans and overdrafts - 1,500
Corporation tax 21,309 7,794
VAT 1,290 -
25,456 22,763
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
BBL 6,197 10,200
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Ross Simpson 5,138 11,249 - - 16,387
Mr Scott Simpson 5,387 14,216 - - 19,603
The above loan is unsecured, interest free and repayable on demand.
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