Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC517741 Gregory O'Lone Michael Carlin Robert Grant Robert Grant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC517741 2023-10-31 SC517741 2024-10-31 SC517741 2023-11-01 2024-10-31 SC517741 frs-core:CurrentFinancialInstruments 2024-10-31 SC517741 frs-core:ComputerEquipment 2024-10-31 SC517741 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC517741 frs-core:ComputerEquipment 2023-10-31 SC517741 frs-core:MotorVehicles 2024-10-31 SC517741 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC517741 frs-core:MotorVehicles 2023-10-31 SC517741 frs-core:PlantMachinery 2024-10-31 SC517741 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC517741 frs-core:PlantMachinery 2023-10-31 SC517741 frs-core:ShareCapital 2024-10-31 SC517741 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC517741 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC517741 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC517741 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC517741 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC517741 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC517741 frs-bus:Director1 2023-11-01 2024-10-31 SC517741 frs-bus:Director2 2023-11-01 2024-10-31 SC517741 frs-bus:Director3 2023-11-01 2024-10-31 SC517741 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 SC517741 frs-countries:Scotland 2023-11-01 2024-10-31 SC517741 2022-10-31 SC517741 2023-10-31 SC517741 2022-11-01 2023-10-31 SC517741 frs-core:CurrentFinancialInstruments 2023-10-31 SC517741 frs-core:ShareCapital 2023-10-31 SC517741 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC517741
PRO CLAD ROOFING LTD
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC517741
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 129,632 101,372
129,632 101,372
CURRENT ASSETS
Stocks 5 67,985 19,720
Debtors 6 275,669 168,268
Cash at bank and in hand 1,671,043 1,252,379
2,014,697 1,440,367
Creditors: Amounts Falling Due Within One Year 7 (619,224 ) (303,065 )
NET CURRENT ASSETS (LIABILITIES) 1,395,473 1,137,302
TOTAL ASSETS LESS CURRENT LIABILITIES 1,525,105 1,238,674
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,408 ) (25,343 )
NET ASSETS 1,492,697 1,213,331
CAPITAL AND RESERVES
Called up share capital 8 450 450
Profit and Loss Account 1,492,247 1,212,881
SHAREHOLDERS' FUNDS 1,492,697 1,213,331
Page 1
Page 2
For the year ending 31 October 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
Gregory O'Lone
Director
Michael Carlin
Director
Robert Grant
Director
25 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PRO CLAD ROOFING LTD is a private company, limited by shares, incorporated in Scotland, registered number SC517741 . The registered office is Unit 4, Mineral Yard Clarkston Road, Clarkston, Glasgow, G76 8NE.
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.
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:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 33.33% straight line
2.4. 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.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
2.6. Taxation
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 12,059 227,521 4,063 243,643
Additions - 126,110 - 126,110
Disposals - (81,016 ) - (81,016 )
As at 31 October 2024 12,059 272,615 4,063 288,737
Depreciation
As at 1 November 2023 9,923 128,286 4,062 142,271
Provided during the period 1,479 65,133 1 66,613
Disposals - (49,779 ) - (49,779 )
As at 31 October 2024 11,402 143,640 4,063 159,105
Net Book Value
As at 31 October 2024 657 128,975 - 129,632
As at 1 November 2023 2,136 99,235 1 101,372
5. Stocks
2024 2023
£ £
Stock 10,000 10,000
Work in progress 57,985 9,720
67,985 19,720
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 241,507 135,249
Other debtors 34,162 33,019
275,669 168,268
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 219,415 78,391
Other creditors 148,155 26,659
Taxation and social security 251,654 198,015
619,224 303,065
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 450 450
Page 4