Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 01743203 Ms Katherine Darlington Mr Ian Aspinall Mr Clifford Darlington Mrs Marie Welton Katherine Darlington true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01743203 2023-07-31 01743203 2024-07-31 01743203 2023-08-01 2024-07-31 01743203 frs-core:CurrentFinancialInstruments 2024-07-31 01743203 frs-core:ComputerEquipment 2024-07-31 01743203 frs-core:ComputerEquipment 2023-08-01 2024-07-31 01743203 frs-core:ComputerEquipment 2023-07-31 01743203 frs-core:FurnitureFittings 2024-07-31 01743203 frs-core:FurnitureFittings 2023-08-01 2024-07-31 01743203 frs-core:FurnitureFittings 2023-07-31 01743203 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01743203 frs-core:PlantMachinery 2023-08-01 2024-07-31 01743203 frs-core:CapitalRedemptionReserve 2024-07-31 01743203 frs-core:ShareCapital 2024-07-31 01743203 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 01743203 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01743203 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 01743203 frs-bus:SmallEntities 2023-08-01 2024-07-31 01743203 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01743203 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01743203 1 2023-08-01 2024-07-31 01743203 frs-core:UnlistedNon-exchangeTraded 2024-07-31 01743203 frs-core:UnlistedNon-exchangeTraded 2023-07-31 01743203 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 01743203 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 01743203 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 01743203 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 01743203 frs-bus:Director1 2023-08-01 2024-07-31 01743203 frs-bus:Director2 2023-08-01 2024-07-31 01743203 frs-bus:Director3 2023-08-01 2024-07-31 01743203 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 01743203 frs-core:CurrentFinancialInstruments 2 2024-07-31 01743203 frs-countries:EnglandWales 2023-08-01 2024-07-31 01743203 2022-07-31 01743203 2023-07-31 01743203 2022-08-01 2023-07-31 01743203 frs-core:CurrentFinancialInstruments 2023-07-31 01743203 frs-core:CapitalRedemptionReserve 2023-07-31 01743203 frs-core:ShareCapital 2023-07-31 01743203 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 01743203 frs-core:CurrentFinancialInstruments 2 2023-07-31
Registered number: 01743203
The Scott Partnership Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Reynolds
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01743203
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,292 16,059
Investments 5 608 608
9,900 16,667
CURRENT ASSETS
Debtors 6 719,486 771,923
Cash at bank and in hand 124,869 271,538
844,355 1,043,461
Creditors: Amounts Falling Due Within One Year 7 (90,471 ) (298,038 )
NET CURRENT ASSETS (LIABILITIES) 753,884 745,423
TOTAL ASSETS LESS CURRENT LIABILITIES 763,784 762,090
PROVISIONS FOR LIABILITIES
Deferred Taxation (369 ) (1,647 )
NET ASSETS 763,415 760,443
CAPITAL AND RESERVES
Called up share capital 8 100 100
Capital redemption reserve 45,530 45,530
Profit and Loss Account 717,785 714,813
SHAREHOLDERS' FUNDS 763,415 760,443
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Page 2
For the year ending 31 July 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 Katherine Darlington
Director
14/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Scott Partnership Limited Registered number 01743203 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Whiteside Station Road, Holmes Chapel, Crewe, Cheshire, CW4 8AA.
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 stated at cost less depreciation. 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 2.5% straight line
Plant & Machinery 10% straight line
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% straight line
2.4. 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.
2.5. 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 16)
13 16
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 1,631 29,240 30,871
Additions - 629 629
As at 31 July 2024 1,631 29,869 31,500
Depreciation
As at 1 August 2023 - 14,812 14,812
Provided during the period 544 6,852 7,396
As at 31 July 2024 544 21,664 22,208
Net Book Value
As at 31 July 2024 1,087 8,205 9,292
As at 1 August 2023 1,631 14,428 16,059
5. Investments
Unlisted
£
Cost
As at 1 August 2023 608
As at 31 July 2024 608
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 608
As at 1 August 2023 608
The investment is in a wholly owned subsidiary incorporated in the USA, The Scott Partnership Inc.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 55,004 107,023
Prepayments and accrued income 15,765 1,618
Other debtors - 482
VAT - 1,116
Amounts owed by group undertakings 648,717 661,684
719,486 771,923
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,574 26,225
Corporation tax 2,125 60,362
Other taxes and social security 6,299 9,209
VAT 9,147 -
Pensions 235 -
Accruals and deferred income 27,992 174,636
Amounts owed to group undertakings 3,687 -
Amounts owed to subsidiaries 25,412 27,606
90,471 298,038
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Scott Partnership Group Ltd . Scott Partnership Group Ltd was incorporated in England & Wales. The ultimate controlling party is Katherine Darlington who controls 100% of the shares of Scott Partnership Group Ltd.
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