Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04476986 Mr Nicholas Scott Mrs Carolyn Scott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04476986 2023-07-31 04476986 2024-07-31 04476986 2023-08-01 2024-07-31 04476986 frs-core:CurrentFinancialInstruments 2024-07-31 04476986 frs-core:ComputerEquipment 2024-07-31 04476986 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04476986 frs-core:ComputerEquipment 2023-07-31 04476986 frs-core:FurnitureFittings 2024-07-31 04476986 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04476986 frs-core:FurnitureFittings 2023-07-31 04476986 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 04476986 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 04476986 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 04476986 frs-core:MotorVehicles 2024-07-31 04476986 frs-core:MotorVehicles 2023-08-01 2024-07-31 04476986 frs-core:MotorVehicles 2023-07-31 04476986 frs-core:ShareCapital 2024-07-31 04476986 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04476986 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04476986 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04476986 frs-bus:SmallEntities 2023-08-01 2024-07-31 04476986 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04476986 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04476986 frs-bus:Director1 2023-08-01 2024-07-31 04476986 frs-bus:Director1 2023-07-31 04476986 frs-bus:Director1 2024-07-31 04476986 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04476986 frs-countries:EnglandWales 2023-08-01 2024-07-31 04476986 2022-07-31 04476986 2023-07-31 04476986 2022-08-01 2023-07-31 04476986 frs-core:CurrentFinancialInstruments 2023-07-31 04476986 frs-core:ShareCapital 2023-07-31 04476986 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04476986
Scott City Residential Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Booth & Co
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04476986
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,747 11,000
13,747 11,000
CURRENT ASSETS
Debtors 5 62,125 14,637
Cash at bank and in hand 130,830 179,859
192,955 194,496
Creditors: Amounts Falling Due Within One Year 6 (91,690 ) (58,631 )
NET CURRENT ASSETS (LIABILITIES) 101,265 135,865
TOTAL ASSETS LESS CURRENT LIABILITIES 115,012 146,865
NET ASSETS 115,012 146,865
CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Profit and Loss Account 105,012 136,865
SHAREHOLDERS' FUNDS 115,012 146,865
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Nicholas Scott
Director
15/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Scott City Residential Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04476986 . The registered office is The Hermitage, 15a Shenfield Road, Brentwood, Essex, CM15 8AG.
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:
Leasehold 25% Reducing balance basis
Motor Vehicles 25% Reducing balance basis
Fixtures & Fittings 15% Reducing balance basis
Computer Equipment 33% Reducing balance basis
2.4. 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 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 2
Page 3
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 7,213 2,000 37,526 37,093 83,832
Additions - - 685 5,869 6,554
As at 31 July 2024 7,213 2,000 38,211 42,962 90,386
Depreciation
As at 1 August 2023 7,175 1,990 27,041 36,626 72,832
Provided during the period 10 3 1,674 2,120 3,807
As at 31 July 2024 7,185 1,993 28,715 38,746 76,639
Net Book Value
As at 31 July 2024 28 7 9,496 4,216 13,747
As at 1 August 2023 38 10 10,485 467 11,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 893 -
Prepayments and accrued income 1,372 1,372
Other debtors 9,860 9,860
VAT - 3,405
Director's loan account 50,000 -
62,125 14,637
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,602 -
Corporation tax 71,857 49,891
VAT 5,084 -
Other creditors 791 -
Accruals and deferred income 8,356 8,256
Director's loan account - 484
91,690 58,631
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Nicholas Scott - 50,000 - - 50,000
The above loan was repaid on 14 April 2025.
Page 4