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 SC344080 Mr Steven Black iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC344080 2023-06-30 SC344080 2024-06-30 SC344080 2023-07-01 2024-06-30 SC344080 frs-core:CurrentFinancialInstruments 2024-06-30 SC344080 frs-core:Non-currentFinancialInstruments 2024-06-30 SC344080 frs-core:ComputerEquipment 2024-06-30 SC344080 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC344080 frs-core:ComputerEquipment 2023-06-30 SC344080 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 SC344080 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC344080 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC344080 frs-core:MotorVehicles 2024-06-30 SC344080 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC344080 frs-core:MotorVehicles 2023-06-30 SC344080 frs-core:PlantMachinery 2024-06-30 SC344080 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC344080 frs-core:PlantMachinery 2023-06-30 SC344080 frs-core:ShareCapital 2024-06-30 SC344080 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC344080 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC344080 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC344080 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC344080 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC344080 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC344080 frs-bus:Director1 2023-07-01 2024-06-30 SC344080 frs-bus:Director1 2023-06-30 SC344080 frs-bus:Director1 2024-06-30 SC344080 frs-countries:Scotland 2023-07-01 2024-06-30 SC344080 2022-06-30 SC344080 2023-06-30 SC344080 2022-07-01 2023-06-30 SC344080 frs-core:CurrentFinancialInstruments 2023-06-30 SC344080 frs-core:Non-currentFinancialInstruments 2023-06-30 SC344080 frs-core:ShareCapital 2023-06-30 SC344080 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC344080
Secureshred Scotland Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Business Oxygen Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC344080
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 191,853 160,734
191,853 160,734
CURRENT ASSETS
Debtors 5 83,766 232,633
Cash at bank and in hand 2,819 2,897
86,585 235,530
Creditors: Amounts Falling Due Within One Year 6 (90,698 ) (86,326 )
NET CURRENT ASSETS (LIABILITIES) (4,113 ) 149,204
TOTAL ASSETS LESS CURRENT LIABILITIES 187,740 309,938
Creditors: Amounts Falling Due After More Than One Year 7 (5,005 ) (10,000 )
NET ASSETS 182,735 299,938
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 182,734 299,937
SHAREHOLDERS' FUNDS 182,735 299,938
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Steven Black
Director
25/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Secureshred Scotland Limited is a private company, limited by shares, incorporated in Scotland, registered number SC344080 . The registered office is Strathruddie Farm Cottage, Kinglassie, Fife, KY5 0UA.
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:
Freehold at cost
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 7)
9 7
Page 3
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 77,776 94,509 90,027 3,279 265,591
Additions 47,659 750 - - 48,409
As at 30 June 2024 125,435 95,259 90,027 3,279 314,000
Depreciation
As at 1 July 2023 - 59,357 42,996 2,504 104,857
Provided during the period - 5,272 11,758 260 17,290
As at 30 June 2024 - 64,629 54,754 2,764 122,147
Net Book Value
As at 30 June 2024 125,435 30,630 35,273 515 191,853
As at 1 July 2023 77,776 35,152 47,031 775 160,734
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,420 75,183
Other debtors 44,346 81,882
Director's loan account - 75,568
83,766 232,633
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,240 24,870
Bank loans and overdrafts 5,000 5,000
Corporation tax 13,192 36,920
Other taxes and social security 2,179 565
VAT 9,292 16,974
Net wages 5,664 -
Other creditors 552 397
Accruals and deferred income 420 1,600
Director's loan account 31,159 -
90,698 86,326
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,005 10,000
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Steven Black 75,568 6,336 (113,063 ) - (31,159 )
The above loan is unsecured, interest free and repayable on demand.
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