Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC260238 Mr John McDade iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC260238 2023-03-31 SC260238 2024-03-31 SC260238 2023-04-01 2024-03-31 SC260238 frs-core:CurrentFinancialInstruments 2024-03-31 SC260238 frs-core:Non-currentFinancialInstruments 2024-03-31 SC260238 frs-core:FurnitureFittings 2024-03-31 SC260238 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC260238 frs-core:FurnitureFittings 2023-03-31 SC260238 frs-core:NetGoodwill 2024-03-31 SC260238 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC260238 frs-core:NetGoodwill 2023-03-31 SC260238 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 SC260238 frs-core:MotorVehicles 2024-03-31 SC260238 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC260238 frs-core:MotorVehicles 2023-03-31 SC260238 frs-core:PlantMachinery 2024-03-31 SC260238 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC260238 frs-core:PlantMachinery 2023-03-31 SC260238 frs-core:ShareCapital 2024-03-31 SC260238 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC260238 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC260238 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC260238 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC260238 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC260238 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC260238 frs-bus:Director1 2023-04-01 2024-03-31 SC260238 frs-countries:Scotland 2023-04-01 2024-03-31 SC260238 2022-03-31 SC260238 2023-03-31 SC260238 2022-04-01 2023-03-31 SC260238 frs-core:CurrentFinancialInstruments 2023-03-31 SC260238 frs-core:Non-currentFinancialInstruments 2023-03-31 SC260238 frs-core:ShareCapital 2023-03-31 SC260238 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC260238
George McDade & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
McMillan Financial
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC260238
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 32,839 48,306
32,839 48,306
CURRENT ASSETS
Debtors 6 92,395 96,106
Cash at bank and in hand 16,672 127
109,067 96,233
Creditors: Amounts Falling Due Within One Year 7 (154,869 ) (191,744 )
NET CURRENT ASSETS (LIABILITIES) (45,802 ) (95,511 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,963 ) (47,205 )
Creditors: Amounts Falling Due After More Than One Year 8 (13,333 ) (23,333 )
NET LIABILITIES (26,296 ) (70,538 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (26,297 ) (70,539 )
SHAREHOLDERS' FUNDS (26,296) (70,538)
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Page 2
For the year ending 31 March 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
Mr John McDade
Director
21/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
George McDade & Sons Limited is a private company, limited by shares, incorporated in Scotland, registered number SC260238 . The registered office is 4 Main Street, Holytown, Lanarkshire, ML1 4TA.
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:
Leasehold over the term of the lease
Plant & Machinery 15% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 15-25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 2
Manufacturing 3 5
4 7
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Amortisation
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 39,341 91,745 3,785 134,871
Disposals (15,750 ) - - (15,750 )
As at 31 March 2024 23,591 91,745 3,785 119,121
Depreciation
As at 1 April 2023 35,044 47,736 3,785 86,565
Provided during the period 797 14,670 - 15,467
Disposals (15,750 ) - - (15,750 )
As at 31 March 2024 20,091 62,406 3,785 86,282
Net Book Value
As at 31 March 2024 3,500 29,339 - 32,839
As at 1 April 2023 4,297 44,009 - 48,306
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 92,395 96,106
92,395 96,106
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,128 27,484
Bank loans and overdrafts 10,000 19,589
Other loans 82,887 31,500
Other taxes and social security 14,031 5,437
VAT 13,648 17,097
Other creditors 1,675 2,288
Directors' loan accounts 21,500 88,349
154,869 191,744
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,333
13,333 23,333
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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