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 SC542749 Mrs Jill Henry Mr Stephen Henry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC542749 2023-08-31 SC542749 2024-08-31 SC542749 2023-09-01 2024-08-31 SC542749 frs-core:CurrentFinancialInstruments 2024-08-31 SC542749 frs-core:Non-currentFinancialInstruments 2024-08-31 SC542749 frs-core:ComputerEquipment 2024-08-31 SC542749 frs-core:ComputerEquipment 2023-09-01 2024-08-31 SC542749 frs-core:ComputerEquipment 2023-08-31 SC542749 frs-core:FurnitureFittings 2024-08-31 SC542749 frs-core:FurnitureFittings 2023-09-01 2024-08-31 SC542749 frs-core:FurnitureFittings 2023-08-31 SC542749 frs-core:NetGoodwill 2024-08-31 SC542749 frs-core:NetGoodwill 2023-09-01 2024-08-31 SC542749 frs-core:NetGoodwill 2023-08-31 SC542749 frs-core:PlantMachinery 2024-08-31 SC542749 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC542749 frs-core:PlantMachinery 2023-08-31 SC542749 frs-core:SharePremium 2024-08-31 SC542749 frs-core:ShareCapital 2024-08-31 SC542749 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC542749 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC542749 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC542749 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC542749 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC542749 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC542749 frs-bus:Director1 2023-09-01 2024-08-31 SC542749 frs-bus:Director2 2023-09-01 2024-08-31 SC542749 frs-countries:Scotland 2023-09-01 2024-08-31 SC542749 2022-08-31 SC542749 2023-08-31 SC542749 2022-09-01 2023-08-31 SC542749 frs-core:CurrentFinancialInstruments 2023-08-31 SC542749 frs-core:Non-currentFinancialInstruments 2023-08-31 SC542749 frs-core:SharePremium 2023-08-31 SC542749 frs-core:ShareCapital 2023-08-31 SC542749 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC542749
Meandr Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Ashton McGill
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC542749
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 37,485 -
Tangible Assets 5 12,357 19,932
49,842 19,932
CURRENT ASSETS
Stocks 6 248,916 140,404
Debtors 7 67,148 49,264
Cash at bank and in hand 18,772 9,274
334,836 198,942
Creditors: Amounts Falling Due Within One Year 8 (177,897 ) (61,231 )
NET CURRENT ASSETS (LIABILITIES) 156,939 137,711
TOTAL ASSETS LESS CURRENT LIABILITIES 206,781 157,643
Creditors: Amounts Falling Due After More Than One Year 9 (200,541 ) (57,750 )
NET ASSETS 6,240 99,893
CAPITAL AND RESERVES
Called up share capital 10 2 1
Share premium account 620,630 481,000
Profit and Loss Account (614,392 ) (381,108 )
SHAREHOLDERS' FUNDS 6,240 99,893
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
Mrs Jill Henry
Director
17/01/2025
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
Meandr Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC542749 . The registered office is 3 Bramdean View, Edinburgh, United Kingdom, EH10 6JX.
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 20% Straigh Line
Fixtures & Fittings 20% Straigh Line
Computer Equipment 25% Straigh Line
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 12)
16 12
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4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 -
Additions 37,485
As at 31 August 2024 37,485
Net Book Value
As at 31 August 2024 37,485
As at 1 September 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 16,038 19,903 2,572 38,513
Additions - - 677 677
As at 31 August 2024 16,038 19,903 3,249 39,190
Depreciation
As at 1 September 2023 10,103 7,187 1,291 18,581
Provided during the period 3,138 4,194 920 8,252
As at 31 August 2024 13,241 11,381 2,211 26,833
Net Book Value
As at 31 August 2024 2,797 8,522 1,038 12,357
As at 1 September 2023 5,935 12,716 1,281 19,932
6. Stocks
2024 2023
£ £
Stock 248,916 140,404
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,841 3,278
Other debtors 65,307 45,986
67,148 49,264
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,702 34,103
Bank loans and overdrafts 64,525 14,303
Other creditors 52,232 629
Taxation and social security 11,438 12,196
177,897 61,231
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 200,541 57,750
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 1
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