Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC088449 Ms C Jansen Mr G Peploe Mrs K L Sumerling Mr T A Zyw Mrs S Urquhart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC088449 2023-06-30 SC088449 2024-06-30 SC088449 2023-07-01 2024-06-30 SC088449 frs-core:CurrentFinancialInstruments 2024-06-30 SC088449 frs-core:Non-currentFinancialInstruments 2024-06-30 SC088449 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC088449 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 SC088449 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 SC088449 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 SC088449 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC088449 frs-core:LandBuildings 2024-06-30 SC088449 frs-core:LandBuildings 2023-07-01 2024-06-30 SC088449 frs-core:LandBuildings 2023-06-30 SC088449 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 SC088449 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC088449 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC088449 frs-core:PlantMachinery 2024-06-30 SC088449 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC088449 frs-core:PlantMachinery 2023-06-30 SC088449 frs-core:CapitalRedemptionReserve 2024-06-30 SC088449 frs-core:OtherReservesSubtotal 2024-06-30 SC088449 frs-core:SharePremium 2024-06-30 SC088449 frs-core:ShareCapital 2024-06-30 SC088449 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC088449 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC088449 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC088449 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC088449 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC088449 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC088449 frs-bus:Director1 2023-07-01 2024-06-30 SC088449 frs-bus:Director2 2023-07-01 2024-06-30 SC088449 frs-bus:Director3 2023-07-01 2024-06-30 SC088449 frs-bus:Director4 2023-07-01 2024-06-30 SC088449 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 SC088449 frs-countries:Scotland 2023-07-01 2024-06-30 SC088449 2022-06-30 SC088449 2023-06-30 SC088449 2022-07-01 2023-06-30 SC088449 frs-core:CurrentFinancialInstruments 2023-06-30 SC088449 frs-core:Non-currentFinancialInstruments 2023-06-30 SC088449 frs-core:CapitalRedemptionReserve 2023-06-30 SC088449 frs-core:OtherReservesSubtotal 2023-06-30 SC088449 frs-core:SharePremium 2023-06-30 SC088449 frs-core:ShareCapital 2023-06-30 SC088449 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC088449
Aitken Dott Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC088449
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,793 21,131
Tangible Assets 5 541,232 550,169
562,025 571,300
CURRENT ASSETS
Stock 567,527 603,832
Debtors 6 161,552 127,712
Cash at bank and in hand 635,009 837,533
1,364,088 1,569,077
Creditors: Amounts Falling Due Within One Year 7 (367,056 ) (498,622 )
NET CURRENT ASSETS (LIABILITIES) 997,032 1,070,455
TOTAL ASSETS LESS CURRENT LIABILITIES 1,559,057 1,641,755
Creditors: Amounts Falling Due After More Than One Year 8 (34,058 ) (87,919 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,835 ) (12,572 )
NET ASSETS 1,514,164 1,541,264
CAPITAL AND RESERVES
Called up share capital 9 157,671 157,671
Share premium account 8,960 8,960
Capital redemption reserve 7,763 7,763
Other reserves (49,000 ) (49,000 )
Profit and Loss Account 1,388,770 1,415,870
SHAREHOLDERS' FUNDS 1,514,164 1,541,264
Page 1
Page 2
For the year ending 30 June 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 C Jansen
Director
25 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
Aitken Dott Limited is a private company, limited by shares, incorporated in Scotland, registered number SC088449 . The registered office is 16 Dundas Street, Edinburgh, EH3 6HZ.
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
The company deals in original works of art and crafts. The company includes, as turnover, the company's commission on sales of original works of art where it acts as agent (rather than their full sales value) together with the invoice value of goods sold as principal, and professional fees rendered, all excluding VAT. Sales are recognised in the month that the sale is made. The profit and loss account shows, for information, the value of goods sold including the full value of sales as agent. 
2.3. Research and Development
Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the profit and loss account on a straight line basis over their expected useful economic lives, which is estimated to be 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:
Freehold No depreciation
Leasehold 20-25% Straight Line
Plant & Machinery 25% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20-50% Straight Line
Computer Equipment 20% Straight Line
No depreciation is provided in respect of the heritable property, which represents a departure from the Companies Act 2006 which requires all tangible fixed assets to be depreciated. In the opinion of the directors, this departure is necessary for the financial statements to show a true and fair view. The property is subject to an annual impairment review. An impairment review comprises a comparison of the carrying value of the asset with its recoverable amount, being the higher of net realisable value and value in use. The directors are satisfied that at the current year end, there has been no impairment. 
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.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
4. Intangible Assets
Website and Software Development Costs
£
Cost
As at 1 July 2023 70,015
Additions 6,433
As at 30 June 2024 76,448
Amortisation
As at 1 July 2023 48,884
Provided during the period 6,771
As at 30 June 2024 55,655
Net Book Value
As at 30 June 2024 20,793
As at 1 July 2023 21,131
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 July 2023 597,422 143,341 740,763
Additions 4,500 - 4,500
Disposals - (1,000 ) (1,000 )
As at 30 June 2024 601,922 142,341 744,263
Depreciation
As at 1 July 2023 85,090 105,504 190,594
Provided during the period 1,072 11,948 13,020
Disposals - (583 ) (583 )
As at 30 June 2024 86,162 116,869 203,031
Net Book Value
As at 30 June 2024 515,760 25,472 541,232
As at 1 July 2023 512,332 37,837 550,169
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Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 147,129 92,212
Prepayments and accrued income 14,423 33,062
Other debtors - 2,438
161,552 127,712
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 140,830 180,780
Bank loans and overdrafts 53,861 48,094
Corporation tax 19,184 35,554
Other taxes and social security 9,578 6,056
VAT 44,465 64,133
Other creditors 51,765 109,261
Accruals and deferred income 47,373 54,744
367,056 498,622
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,058 87,919
The bank loan is secured by a fixed charge over the property at 16 Dundas Street, Edinburgh, EH3 6HZ and a floating charge over the company's assets. The loan is payable by instalments and accrues interest at 3.14%.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 157,671 157,671
10. Related Party Transactions
During the year works of art were bought or sold by Directors, in normal commercial transactions. Total art bought £10,851 (2023: £6,899) and total art sold £5,397 (2023: £3,801). Balances outstanding to the company amounted to £6,215 (2022: £3,514). The names of the parties involved are G Peploe, C Jansen, K Sumerling and T Zyw.
During the year the company made payments to ex-shareholders on behalf of the employee ownership trust of £245,690 (2023: £163,794). 
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