Acorah Software Products - Accounts Production 16.1.300 false true false 1 January 2024 31 December 2024 31 December 2024 SC636048 Mr B Holland Mr M Mackinnon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC636048 2023-12-31 SC636048 2024-12-31 SC636048 2024-01-01 2024-12-31 SC636048 frs-core:CurrentFinancialInstruments 2024-12-31 SC636048 frs-core:Non-currentFinancialInstruments 2024-12-31 SC636048 frs-core:BetweenOneFiveYears 2024-12-31 SC636048 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC636048 frs-core:LandBuildings 2024-12-31 SC636048 frs-core:LandBuildings 2024-01-01 2024-12-31 SC636048 frs-core:LandBuildings 2023-12-31 SC636048 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 SC636048 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC636048 frs-core:PlantMachinery 2024-12-31 SC636048 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC636048 frs-core:PlantMachinery 2023-12-31 SC636048 frs-core:WithinOneYear 2024-12-31 SC636048 frs-core:SharePremium 2024-12-31 SC636048 frs-core:ShareCapital 2024-12-31 SC636048 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC636048 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC636048 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC636048 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC636048 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC636048 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC636048 frs-bus:Director1 2024-01-01 2024-12-31 SC636048 frs-bus:Director2 2024-01-01 2024-12-31 SC636048 frs-countries:Scotland 2024-01-01 2024-12-31
Registered number: SC636048
Qmech Scotland Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Blyth Accountants Limited
Chartered Certified Accountants
272 Bath Street
Glasgow
G2 4JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC636048
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 17,506
17,506
CURRENT ASSETS
Stocks 5 86,000
Debtors 6 92,535
Cash at bank and in hand 71,755
250,290
Creditors: Amounts Falling Due Within One Year 7 (146,677 )
NET CURRENT ASSETS (LIABILITIES) 103,613
TOTAL ASSETS LESS CURRENT LIABILITIES 121,119
Creditors: Amounts Falling Due After More Than One Year 8 (19,277 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,857 )
NET ASSETS 98,985
CAPITAL AND RESERVES
Called up share capital 102
Share premium account 7,498
Profit and Loss Account 91,385
SHAREHOLDERS' FUNDS 98,985
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For the year ending 31 December 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 B Holland
Director
Mr M Mackinnon
Director
18 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Qmech Scotland Ltd is a private company, limited by shares, registered in Scotland, company registration number SC636048 . The registered office is 2 Glenburn Court, 21 Glenburn Road, Milton Industrial Estate, Glasgow, G74 5BA.
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/or from the rendering of services.
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:
Leasehold 25% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
Impairment of tangible fixed assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.6. 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.
2.7. 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: 8
8
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4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2024 - 38,081 38,081
Additions 304 11,266 11,570
Disposals - (9,482 ) (9,482 )
As at 31 December 2024 304 39,865 40,169
Depreciation
As at 1 January 2024 - 16,298 16,298
Provided during the period 32 12,266 12,298
Disposals - (5,933 ) (5,933 )
As at 31 December 2024 32 22,631 22,663
Net Book Value
As at 31 December 2024 272 17,234 17,506
As at 1 January 2024 - 21,783 21,783
Included above are assets held under finance leases or hire purchase contracts with a net book value of £13,425 (2023: £17,900)
5. Stocks
2024
£
Materials 25,000
Work in progress 61,000
86,000
6. Debtors
2024
£
Due within one year
Trade debtors 29,219
Other debtors 63,316
92,535
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7. Creditors: Amounts Falling Due Within One Year
2024
£
Net obligations under finance lease and hire purchase contracts 6,109
Trade creditors 54,125
Bank loans and overdrafts 2,778
Other loans 14,281
Other creditors 1,154
Taxation and social security 68,230
146,677
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Net obligations under finance lease and hire purchase contracts 3,998
Bank loans 12,500
Other loans 2,779
19,277
9. Obligations Under Finance Leases and Hire Purchase
2024
£
The future minimum finance lease payments are as follows:
Not later than one year 6,109
Later than one year and not later than five years 3,998
10,107
10,107
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