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 SC224150 Ms Susan Anthony Mr Douglas Thomas Anthony Ms Susan Anthony iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC224150 2023-10-31 SC224150 2024-10-31 SC224150 2023-11-01 2024-10-31 SC224150 frs-core:CurrentFinancialInstruments 2024-10-31 SC224150 frs-core:Non-currentFinancialInstruments 2024-10-31 SC224150 frs-core:ComputerEquipment 2024-10-31 SC224150 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC224150 frs-core:ComputerEquipment 2023-10-31 SC224150 frs-core:FurnitureFittings 2024-10-31 SC224150 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC224150 frs-core:FurnitureFittings 2023-10-31 SC224150 frs-core:MotorVehicles 2024-10-31 SC224150 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC224150 frs-core:MotorVehicles 2023-10-31 SC224150 frs-core:PlantMachinery 2024-10-31 SC224150 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC224150 frs-core:PlantMachinery 2023-10-31 SC224150 frs-core:ShareCapital 2024-10-31 SC224150 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC224150 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC224150 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC224150 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC224150 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC224150 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC224150 frs-bus:Director1 2023-11-01 2024-10-31 SC224150 frs-bus:Director2 2023-11-01 2024-10-31 SC224150 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 SC224150 frs-core:CurrentFinancialInstruments 1 2024-10-31 SC224150 frs-core:CurrentFinancialInstruments 2 2024-10-31 SC224150 frs-countries:Scotland 2023-11-01 2024-10-31 SC224150 2022-10-31 SC224150 2023-10-31 SC224150 2022-11-01 2023-10-31 SC224150 frs-core:CurrentFinancialInstruments 2023-10-31 SC224150 frs-core:Non-currentFinancialInstruments 2023-10-31 SC224150 frs-core:ShareCapital 2023-10-31 SC224150 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC224150 frs-core:CurrentFinancialInstruments 1 2023-10-31 SC224150 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: SC224150
Kudos Scaffolding Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
TaxAssist Accountants
59 High Street
Banchory
AB31 5TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC224150
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,264 87,845
78,264 87,845
CURRENT ASSETS
Debtors 5 148,305 159,141
Cash at bank and in hand 138,392 117,416
286,697 276,557
Creditors: Amounts Falling Due Within One Year 6 (79,494 ) (76,017 )
NET CURRENT ASSETS (LIABILITIES) 207,203 200,540
TOTAL ASSETS LESS CURRENT LIABILITIES 285,467 288,385
Creditors: Amounts Falling Due After More Than One Year 7 (21,482 ) (40,653 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,137 ) -
NET ASSETS 246,848 247,732
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 246,846 247,730
SHAREHOLDERS' FUNDS 246,848 247,732
Page 1
Page 2
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
Ms Susan Anthony
Director
12/03/2025
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
Kudos Scaffolding Limited is a private company, limited by shares, incorporated in Scotland, registered number SC224150 . The registered office is The Bungalow, Murcar Commercial Park, Denmore Road, Bridge of Don, Aberdeen, AB23 8JW.
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:
Plant & Machinery 25% SLM
Motor Vehicles 25% SLM
Fixtures & Fittings 25% SLM
Computer Equipment 25% SLM
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 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: 22 (2023: 18)
22 18
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 November 2023 420,376 141,799 - 21,835 584,010
Additions 21,425 24,990 324 1,542 48,281
Disposals - (23,945 ) - - (23,945 )
As at 31 October 2024 441,801 142,844 324 23,377 608,346
Depreciation
As at 1 November 2023 382,948 92,557 - 20,660 496,165
Provided during the period 23,987 30,648 81 973 55,689
Disposals - (21,772 ) - - (21,772 )
As at 31 October 2024 406,935 101,433 81 21,633 530,082
Net Book Value
As at 31 October 2024 34,866 41,411 243 1,744 78,264
As at 1 November 2023 37,428 49,242 - 1,175 87,845
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 101,605 110,923
Prepayments and accrued income 33,164 29,747
Other debtors 520 520
Other debtors (1) - 1,750
VAT 13,016 16,201
148,305 159,141
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,312 33,195
Bank loans and overdrafts 4,444 4,444
Corporation tax 33,959 31,434
Other taxes and social security 3,997 4,650
Pension Creditors 235 54
Rent Deposits 520 520
Credit Card 1,779 1,096
Directors' loan accounts 1,248 624
79,494 76,017
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,482 25,926
Accruals and deferred income - 14,727
21,482 40,653
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5