Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC629627 Scott Curivan Ms Aimee Curivan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC629627 2023-08-31 SC629627 2024-08-31 SC629627 2023-09-01 2024-08-31 SC629627 frs-core:CurrentFinancialInstruments 2024-08-31 SC629627 frs-core:ComputerEquipment 2024-08-31 SC629627 frs-core:ComputerEquipment 2023-09-01 2024-08-31 SC629627 frs-core:ComputerEquipment 2023-08-31 SC629627 frs-core:NetGoodwill 2024-08-31 SC629627 frs-core:NetGoodwill 2023-09-01 2024-08-31 SC629627 frs-core:NetGoodwill 2023-08-31 SC629627 frs-core:MotorVehicles 2024-08-31 SC629627 frs-core:MotorVehicles 2023-09-01 2024-08-31 SC629627 frs-core:MotorVehicles 2023-08-31 SC629627 frs-core:PlantMachinery 2024-08-31 SC629627 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC629627 frs-core:PlantMachinery 2023-08-31 SC629627 frs-core:ShareCapital 2024-08-31 SC629627 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC629627 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC629627 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC629627 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC629627 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC629627 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC629627 frs-bus:Director1 2023-09-01 2024-08-31 SC629627 frs-bus:Director2 2023-09-01 2024-08-31 SC629627 frs-countries:Scotland 2023-09-01 2024-08-31 SC629627 2022-08-31 SC629627 2023-08-31 SC629627 2022-09-01 2023-08-31 SC629627 frs-core:CurrentFinancialInstruments 2023-08-31 SC629627 frs-core:ShareCapital 2023-08-31 SC629627 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC629627
Apex Installers (Larkhall) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Hawthorn Tax
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC629627
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,625
Tangible Assets 5 8,518 13,088
8,518 15,713
CURRENT ASSETS
Debtors 6 38,911 31,580
Cash at bank and in hand 312 -
39,223 31,580
Creditors: Amounts Falling Due Within One Year 7 (44,607 ) (43,958 )
NET CURRENT ASSETS (LIABILITIES) (5,384 ) (12,378 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,134 3,335
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,130 ) (3,272 )
NET ASSETS 1,004 63
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 904 (37 )
SHAREHOLDERS' FUNDS 1,004 63
Page 1
Page 2
For the year ending 31 August 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
Scott Curivan
Director
19/03/2025
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
Apex Installers (Larkhall) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC629627 . The registered office is 3 Hawthorn Gardens , Larkhall, Scotland, ML92TD.
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:
Plant & Machinery 25% Straight Line
Motor Vehicles 15% Reducing Balance
Computer Equipment 33% Straight Line
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 10,500
As at 31 August 2024 10,500
Amortisation
As at 1 September 2023 7,875
Provided during the period 2,625
As at 31 August 2024 10,500
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 2,625
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 14,112 13,015 - 27,127
Additions - - 208 208
As at 31 August 2024 14,112 13,015 208 27,335
Depreciation
As at 1 September 2023 9,017 5,022 - 14,039
Provided during the period 3,527 1,199 52 4,778
As at 31 August 2024 12,544 6,221 52 18,817
Net Book Value
As at 31 August 2024 1,568 6,794 156 8,518
As at 1 September 2023 5,095 7,993 - 13,088
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income (14,142 ) (18,350 )
Other taxes and social security - 566
Directors' loan accounts 53,053 49,364
38,911 31,580
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 247 4
Bank loans and overdrafts 36,690 38,767
Corporation tax 7,223 5,050
Other taxes and social security 392 -
VAT 55 137
44,607 43,958
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5