Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC332352 Mrs Annemarie Maclean Mr Mark Maclean iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC332352 2023-10-31 SC332352 2024-10-31 SC332352 2023-11-01 2024-10-31 SC332352 frs-core:CurrentFinancialInstruments 2024-10-31 SC332352 frs-core:Non-currentFinancialInstruments 2024-10-31 SC332352 frs-core:FurnitureFittings 2024-10-31 SC332352 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC332352 frs-core:FurnitureFittings 2023-10-31 SC332352 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 SC332352 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC332352 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 SC332352 frs-core:ShareCapital 2024-10-31 SC332352 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC332352 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC332352 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC332352 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC332352 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC332352 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC332352 frs-bus:Director1 2023-11-01 2024-10-31 SC332352 frs-bus:Director2 2023-11-01 2024-10-31 SC332352 frs-countries:Scotland 2023-11-01 2024-10-31 SC332352 2022-10-31 SC332352 2023-10-31 SC332352 2022-11-01 2023-10-31 SC332352 frs-core:CurrentFinancialInstruments 2023-10-31 SC332352 frs-core:Non-currentFinancialInstruments 2023-10-31 SC332352 frs-core:ShareCapital 2023-10-31 SC332352 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC332352
MacLean TM Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Gallone & Co
1a Torphichen Street
Haymarket
Edinburgh
EH3 8HX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC332352
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 644,024 662,779
644,024 662,779
CURRENT ASSETS
Debtors 5 144,180 222,459
Cash at bank and in hand 62,777 90,128
206,957 312,587
Creditors: Amounts Falling Due Within One Year 6 (71,458 ) (79,840 )
NET CURRENT ASSETS (LIABILITIES) 135,499 232,747
TOTAL ASSETS LESS CURRENT LIABILITIES 779,523 895,526
Creditors: Amounts Falling Due After More Than One Year 7 (279,981 ) (315,660 )
NET ASSETS 499,542 579,866
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 499,540 579,864
SHAREHOLDERS' FUNDS 499,542 579,866
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
Mr Mark Maclean
Director
24/03/2025
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
MacLean TM Limited is a private company, limited by shares, incorporated in Scotland, registered number SC332352 . The registered office is 1a Torphichen Street, Edinburgh, EH3 8HX.
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 0%
Fixtures & Fittings 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 10)
8 10
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 572,603 234,778 807,381
As at 31 October 2024 572,603 234,778 807,381
Depreciation
As at 1 November 2023 - 144,602 144,602
Provided during the period - 18,755 18,755
As at 31 October 2024 - 163,357 163,357
Net Book Value
As at 31 October 2024 572,603 71,421 644,024
As at 1 November 2023 572,603 90,176 662,779
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 62,445 122,654
Prepayments and accrued income 6,735 9,033
Other debtors 75,000 90,000
Corporation tax recoverable assets - 772
144,180 222,459
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,364 6,301
Bank loans and overdrafts 34,464 33,250
Other taxes and social security 4,567 7,935
VAT 21,370 26,049
Other creditors 3,543 4,230
Accruals and deferred income 2,150 2,075
71,458 79,840
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 279,981 315,660
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4