Acorah Software Products - Accounts Production 16.1.300 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 SC443050 Kenneth McDonach Kenneth Irvine Bryan Macnair iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC443050 2024-02-29 SC443050 2025-02-28 SC443050 2024-03-01 2025-02-28 SC443050 frs-core:CurrentFinancialInstruments 2025-02-28 SC443050 frs-core:FurnitureFittings 2025-02-28 SC443050 frs-core:FurnitureFittings 2024-03-01 2025-02-28 SC443050 frs-core:FurnitureFittings 2024-02-29 SC443050 frs-core:NetGoodwill 2025-02-28 SC443050 frs-core:NetGoodwill 2024-03-01 2025-02-28 SC443050 frs-core:NetGoodwill 2024-02-29 SC443050 frs-core:ShareCapital 2025-02-28 SC443050 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC443050 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC443050 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 SC443050 frs-bus:SmallEntities 2024-03-01 2025-02-28 SC443050 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC443050 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC443050 frs-bus:Director1 2024-03-01 2025-02-28 SC443050 frs-bus:Director2 2024-03-01 2025-02-28 SC443050 frs-bus:Director3 2024-03-01 2025-02-28 SC443050 frs-countries:Scotland 2024-03-01 2025-02-28 SC443050 2023-02-28 SC443050 2024-02-29 SC443050 2023-03-01 2024-02-29 SC443050 frs-core:CurrentFinancialInstruments 2024-02-29 SC443050 frs-core:ShareCapital 2024-02-29 SC443050 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: SC443050
McDonach IT Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC443050
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,502 3,336
2,502 3,336
CURRENT ASSETS
Debtors 6 118,953 88,979
Cash at bank and in hand 70,874 369,488
189,827 458,467
Creditors: Amounts Falling Due Within One Year 7 (106,850 ) (92,443 )
NET CURRENT ASSETS (LIABILITIES) 82,977 366,024
TOTAL ASSETS LESS CURRENT LIABILITIES 85,479 369,360
PROVISIONS FOR LIABILITIES
Deferred Taxation (475 ) (634 )
NET ASSETS 85,004 368,726
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 84,904 368,626
SHAREHOLDERS' FUNDS 85,004 368,726
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For the year ending 28 February 2025 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.
On behalf of the board
Kenneth McDonach
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
McDonach IT Consultancy Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC443050 . The registered office is C/O Gallone And Co, 14 Newton Place, Glasgow, G3 7PY.
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.
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 income statement over its estimated economic life of 5 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 25% Reducing Balance
2.5. 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 year 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 asset reflects 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: 5 (2024: 4)
5 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 100,000
As at 28 February 2025 100,000
Amortisation
As at 1 March 2024 100,000
As at 28 February 2025 100,000
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2024 28,529
As at 28 February 2025 28,529
Depreciation
As at 1 March 2024 25,193
Provided during the period 834
As at 28 February 2025 26,027
Net Book Value
As at 28 February 2025 2,502
As at 1 March 2024 3,336
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 118,953 88,979
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 58,948 55,172
Other taxes and social security 6,710 2,860
VAT 39,992 33,257
Accruals and deferred income 1,200 1,099
Directors' loan accounts - 55
106,850 92,443
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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