Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 5 January 2023 false 1 February 2024 31 January 2025 31 January 2025 SC754395 Mr Lewis Atkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC754395 2024-01-31 SC754395 2025-01-31 SC754395 2024-02-01 2025-01-31 SC754395 frs-core:CurrentFinancialInstruments 2025-01-31 SC754395 frs-core:Non-currentFinancialInstruments 2025-01-31 SC754395 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-01 2025-01-31 SC754395 frs-core:NetGoodwill 2024-02-01 2025-01-31 SC754395 frs-core:MotorVehicles 2025-01-31 SC754395 frs-core:MotorVehicles 2024-02-01 2025-01-31 SC754395 frs-core:MotorVehicles 2024-01-31 SC754395 frs-core:OtherResidualIntangibleAssets 2025-01-31 SC754395 frs-core:OtherResidualIntangibleAssets 2024-01-31 SC754395 frs-core:PlantMachinery 2025-01-31 SC754395 frs-core:PlantMachinery 2024-02-01 2025-01-31 SC754395 frs-core:PlantMachinery 2024-01-31 SC754395 frs-core:ShareCapital 2025-01-31 SC754395 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 SC754395 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC754395 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 SC754395 frs-bus:SmallEntities 2024-02-01 2025-01-31 SC754395 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC754395 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC754395 frs-bus:Director1 2024-02-01 2025-01-31 SC754395 frs-countries:Scotland 2024-02-01 2025-01-31 SC754395 2023-01-04 SC754395 2024-01-31 SC754395 2023-01-05 2024-01-31 SC754395 frs-core:CurrentFinancialInstruments 2024-01-31 SC754395 frs-core:Non-currentFinancialInstruments 2024-01-31 SC754395 frs-core:ShareCapital 2024-01-31 SC754395 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: SC754395
Prestige Services Glasgow Ltd
Financial Statements
For The Year Ended 31 January 2025
A&A Accounting Limited
1037 Sauchiehall Street
Glasgow
G3 7TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC754395
31 January 2025 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 310,000 310,000
Tangible Assets 5 35,682 39,647
345,682 349,647
CURRENT ASSETS
Debtors 6 49,519 53,581
Cash at bank and in hand 21,626 6,312
71,145 59,893
Creditors: Amounts Falling Due Within One Year 7 (110,598 ) (100,359 )
NET CURRENT ASSETS (LIABILITIES) (39,453 ) (40,466 )
TOTAL ASSETS LESS CURRENT LIABILITIES 306,229 309,181
Creditors: Amounts Falling Due After More Than One Year 8 (260,500 ) (287,500 )
NET ASSETS 45,729 21,681
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 45,629 21,581
SHAREHOLDERS' FUNDS 45,729 21,681
Page 1
Page 2
For the year ending 31 January 2025 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 Lewis Atkins
Director
16/04/2025
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
Prestige Services Glasgow Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC754395 . The registered office is 40 Scotstoun Street, Glasgow, G14 0UN.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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%
Motor Vehicles 20%
2.6. 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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 10)
14 10
4. Intangible Assets
Other
£
Cost
As at 1 February 2024 310,000
As at 31 January 2025 310,000
Net Book Value
As at 31 January 2025 310,000
As at 1 February 2024 310,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 2,345 37,302 39,647
As at 31 January 2025 2,345 37,302 39,647
Depreciation
As at 1 February 2024 - - -
Provided during the period 235 3,730 3,965
As at 31 January 2025 235 3,730 3,965
Net Book Value
As at 31 January 2025 2,110 33,572 35,682
As at 1 February 2024 2,345 37,302 39,647
6. Debtors
31 January 2025 31 January 2024
£ £
Due within one year
Trade debtors 4,719 53,581
Other debtors 44,800 -
49,519 53,581
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 January 2024
£ £
Trade creditors 1 (1 )
Other taxes and social security 4,609 1,717
VAT 19,021 10,312
Other creditors 4,712 4,412
Director's loan account 82,255 83,919
110,598 100,359
8. Creditors: Amounts Falling Due After More Than One Year
31 January 2025 31 January 2024
£ £
Bank loans 260,500 287,500
9. Share Capital
31 January 2025 31 January 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5