Acorah Software Products - Accounts Production 16.1.300 false true false 13 March 2023 31 March 2024 31 March 2024 SC761969 Mr Rajinder Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC761969 2023-03-12 SC761969 2024-03-31 SC761969 2023-03-13 2024-03-31 SC761969 frs-core:CurrentFinancialInstruments 2024-03-31 SC761969 frs-core:Non-currentFinancialInstruments 2024-03-31 SC761969 frs-core:FurnitureFittings 2024-03-31 SC761969 frs-core:FurnitureFittings 2023-03-13 2024-03-31 SC761969 frs-core:FurnitureFittings 2023-03-12 SC761969 frs-core:NetGoodwill 2024-03-31 SC761969 frs-core:NetGoodwill 2023-03-13 2024-03-31 SC761969 frs-core:NetGoodwill 2023-03-12 SC761969 frs-core:ShareCapital 2024-03-31 SC761969 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC761969 frs-bus:PrivateLimitedCompanyLtd 2023-03-13 2024-03-31 SC761969 frs-bus:FilletedAccounts 2023-03-13 2024-03-31 SC761969 frs-bus:SmallEntities 2023-03-13 2024-03-31 SC761969 frs-bus:AuditExempt-NoAccountantsReport 2023-03-13 2024-03-31 SC761969 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-13 2024-03-31 SC761969 frs-bus:Director1 2023-03-13 2024-03-31 SC761969 frs-countries:Scotland 2023-03-13 2024-03-31
Registered number: SC761969
R S Scot Limited
Unaudited Financial Statements
For the Period 13 March 2023 to 31 March 2024
Tax & Forensic Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC761969
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 30,000
Tangible Assets 5 20,260
50,260
CURRENT ASSETS
Stocks 6 31,649
Debtors 7 5,000
Cash at bank and in hand 3,511
40,160
Creditors: Amounts Falling Due Within One Year 8 (70,744 )
NET CURRENT ASSETS (LIABILITIES) (30,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,676
Creditors: Amounts Falling Due After More Than One Year 9 (6,544 )
NET ASSETS 13,132
CAPITAL AND RESERVES
Called up share capital 10 1
Profit and Loss Account 13,131
SHAREHOLDERS' FUNDS 13,132
Page 1
Page 2
For the period ending 31 March 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 Rajinder Singh
Director
10/03/2025
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
R S Scot Limited is a private company, limited by shares, incorporated in Scotland, registered number SC761969 . The registered office is 10-12 Fullarton Place, Stevenston, KA20 3EH.
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 .... 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:
Fixtures & Fittings 20%
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
4. Intangible Assets
Goodwill
£
Cost
As at 13 March 2023 30,000
As at 31 March 2024 30,000
Net Book Value
As at 31 March 2024 30,000
As at 13 March 2023 30,000
Page 3
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 13 March 2023 25,325
As at 31 March 2024 25,325
Depreciation
As at 13 March 2023 -
Provided during the period 5,065
As at 31 March 2024 5,065
Net Book Value
As at 31 March 2024 20,260
As at 13 March 2023 25,325
6. Stocks
31 March 2024
£
Stock 31,649
7. Debtors
31 March 2024
£
Due within one year
Other debtors 5,000
8. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 33,801
Other creditors 30,230
Taxation and social security 6,713
70,744
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Taxation and social security 6,544
Page 4
Page 5
10. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 1
Page 5