Acorah Software Products - Accounts Production 16.1.300 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC406668 Mr William McKinley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC406668 2023-09-30 SC406668 2024-09-30 SC406668 2023-10-01 2024-09-30 SC406668 frs-core:CurrentFinancialInstruments 2024-09-30 SC406668 frs-core:Non-currentFinancialInstruments 2024-09-30 SC406668 frs-core:ComputerEquipment 2024-09-30 SC406668 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC406668 frs-core:ComputerEquipment 2023-09-30 SC406668 frs-core:FurnitureFittings 2024-09-30 SC406668 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC406668 frs-core:FurnitureFittings 2023-09-30 SC406668 frs-core:NetGoodwill 2024-09-30 SC406668 frs-core:NetGoodwill 2023-10-01 2024-09-30 SC406668 frs-core:NetGoodwill 2023-09-30 SC406668 frs-core:MotorVehicles 2024-09-30 SC406668 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC406668 frs-core:MotorVehicles 2023-09-30 SC406668 frs-core:ShareCapital 2024-09-30 SC406668 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC406668 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC406668 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC406668 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC406668 frs-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC406668 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC406668 frs-bus:Director1 2023-10-01 2024-09-30 SC406668 frs-core:CurrentFinancialInstruments 2 2024-09-30 SC406668 frs-core:CurrentFinancialInstruments 4 2024-09-30 SC406668 frs-countries:Scotland 2023-10-01 2024-09-30 SC406668 2022-09-30 SC406668 2023-09-30 SC406668 2022-10-01 2023-09-30 SC406668 frs-core:CurrentFinancialInstruments 2023-09-30 SC406668 frs-core:Non-currentFinancialInstruments 2023-09-30 SC406668 frs-core:ShareCapital 2023-09-30 SC406668 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC406668 frs-core:CurrentFinancialInstruments 2 2023-09-30 SC406668 frs-core:CurrentFinancialInstruments 4 2023-09-30 SC406668 frs-core:CurrentFinancialInstruments 7 2023-09-30
Registered number: SC406668
PDQ Express (Scotland) Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Sutherland Black
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of PDQ Express (Scotland) Ltd for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PDQ Express (Scotland) Ltd for the year ended 30 September 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-presentation-of-accounts.
This report is made solely to the directors of PDQ Express (Scotland) Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of PDQ Express (Scotland) Ltd and state those matters that we have agreed to state to the directors of PDQ Express (Scotland) Ltd , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-presentation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PDQ Express (Scotland) Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that PDQ Express (Scotland) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of PDQ Express (Scotland) Ltd . You consider that PDQ Express (Scotland) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PDQ Express (Scotland) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Signed
10/02/2025
Sutherland Black
Chartered Accountant
8 Deer Park Avenue
Livingston
West Lothian
EH54 8GA
Page 1
Page 2
Balance Sheet
Registered number: SC406668
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,741 7,754
14,741 7,754
CURRENT ASSETS
Debtors 6 359,609 769,395
Cash at bank and in hand 122,222 748,105
481,831 1,517,500
Creditors: Amounts Falling Due Within One Year 7 (396,258 ) (883,117 )
NET CURRENT ASSETS (LIABILITIES) 85,573 634,383
TOTAL ASSETS LESS CURRENT LIABILITIES 100,314 642,137
Creditors: Amounts Falling Due After More Than One Year 8 (55,555 ) (88,888 )
NET ASSETS 44,759 553,249
CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Profit and Loss Account 14,759 523,249
SHAREHOLDERS' FUNDS 44,759 553,249
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For the year ending 30 September 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 William McKinley
Director
10/02/2025
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PDQ Express (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC406668 . The registered office is 2 Dunlin Court, Strathclyde Business Park, Bellshil, ML4 3NH.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The director has considered the company's financial position, cash flow forecasts, and future prospects in the context of the risks and uncertainties arising from the current economic environment.
In making this assessment, the director has taken into account all available information about the future, covering a period of at least 12 months from the date of approval of these financial statements. This assessment includes a review of the company's cash flow forecasts and other projections, as well as an evaluation of the company's borrowing facilities and other available financial resources.
The director acknowledges that there are uncertainties, which may cast doubt upon the company's ability to continue as a going concern. Despite these uncertainties, the director believes that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, he continues to adopt the going concern basis in preparing the annual financial statements.
The director has a reasonable expectation that the company will be able to meet its liabilities as they fall due and to operate within the available cash and borrowing facilities.
2.3. 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.
2.4. 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.
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2.5. 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 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 20% on reducing balance
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 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:
2024 2023
Office and administration 23 78
23 78
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4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 15,744
As at 30 September 2024 15,744
Amortisation
As at 1 October 2023 15,744
As at 30 September 2024 15,744
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 - 6,435 6,465 12,900
Additions 9,995 - - 9,995
As at 30 September 2024 9,995 6,435 6,465 22,895
Depreciation
As at 1 October 2023 - 1,948 3,198 5,146
Provided during the period 1,458 897 653 3,008
As at 30 September 2024 1,458 2,845 3,851 8,154
Net Book Value
As at 30 September 2024 8,537 3,590 2,614 14,741
As at 1 October 2023 - 4,487 3,267 7,754
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 177,107 769,395
Prepayments and accrued income 116,024 -
Inter-Company Loan 13,253 -
Corporation tax recoverable assets 53,225 -
359,609 769,395
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 130,752 68,263
Tax 39,460 53,225
Social security and other tax 6,362 12,311
VAT 14,379 91,609
Factor 155,729 606,579
Pension 1,618 6,577
CBILS Loan < 1 Year 33,334 33,334
Other creditor - 10,500
Directors' loan accounts 14,624 719
396,258 883,117
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
CBILS Loan > 1 Year 55,555 88,888
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,000 30,000
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