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 SC189154 Mr Stuart Ross Miss Gemma Ross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC189154 2023-07-31 SC189154 2024-07-31 SC189154 2023-08-01 2024-07-31 SC189154 frs-core:CurrentFinancialInstruments 2024-07-31 SC189154 frs-core:Non-currentFinancialInstruments 2024-07-31 SC189154 frs-core:BetweenOneFiveYears 2024-07-31 SC189154 frs-core:ComputerEquipment 2024-07-31 SC189154 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC189154 frs-core:ComputerEquipment 2023-07-31 SC189154 frs-core:FurnitureFittings 2024-07-31 SC189154 frs-core:FurnitureFittings 2023-08-01 2024-07-31 SC189154 frs-core:FurnitureFittings 2023-07-31 SC189154 frs-core:MotorVehicles 2024-07-31 SC189154 frs-core:MotorVehicles 2023-08-01 2024-07-31 SC189154 frs-core:MotorVehicles 2023-07-31 SC189154 frs-core:PlantMachinery 2024-07-31 SC189154 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC189154 frs-core:PlantMachinery 2023-07-31 SC189154 frs-core:WithinOneYear 2024-07-31 SC189154 frs-core:CapitalRedemptionReserve 2024-07-31 SC189154 frs-core:ShareCapital 2024-07-31 SC189154 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC189154 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC189154 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC189154 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC189154 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC189154 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC189154 frs-core:CostValuation 2023-07-31 SC189154 frs-core:CostValuation 2024-07-31 SC189154 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 SC189154 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 SC189154 frs-bus:Director1 2023-08-01 2024-07-31 SC189154 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 SC189154 frs-core:CurrentFinancialInstruments 2 2024-07-31 SC189154 frs-countries:Scotland 2023-08-01 2024-07-31 SC189154 2022-07-31 SC189154 2023-07-31 SC189154 2022-08-01 2023-07-31 SC189154 frs-core:CurrentFinancialInstruments 2023-07-31 SC189154 frs-core:Non-currentFinancialInstruments 2023-07-31 SC189154 frs-core:BetweenOneFiveYears 2023-07-31 SC189154 frs-core:MotorVehicles 2022-08-01 2023-07-31 SC189154 frs-core:WithinOneYear 2023-07-31 SC189154 frs-core:CapitalRedemptionReserve 2023-07-31 SC189154 frs-core:ShareCapital 2023-07-31 SC189154 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC189154 frs-core:CurrentFinancialInstruments 1 2023-07-31 SC189154 frs-core:CurrentFinancialInstruments 2 2023-07-31
Registered number: SC189154
Ross & Laidlaw & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC189154
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,690 106,754
Investments 5 62,332 62,332
142,022 169,086
CURRENT ASSETS
Stocks 6 1,000 1,800
Debtors 7 197,942 161,884
Cash at bank and in hand 192,169 365,494
391,111 529,178
Creditors: Amounts Falling Due Within One Year 8 (139,266 ) (149,523 )
NET CURRENT ASSETS (LIABILITIES) 251,845 379,655
TOTAL ASSETS LESS CURRENT LIABILITIES 393,867 548,741
Creditors: Amounts Falling Due After More Than One Year 9 (70,197 ) (85,906 )
NET ASSETS 323,670 462,835
CAPITAL AND RESERVES
Called up share capital 11 2 2
Capital redemption reserve (196,673 ) (196,673 )
Profit and Loss Account 520,341 659,506
SHAREHOLDERS' FUNDS 323,670 462,835
Page 1
Page 2
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 Stuart Ross
Director
15th May 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ross & Laidlaw & Sons Limited is a private company, limited by shares, incorporated in Scotland, registered number SC189154 . The registered office is Unit 8, Hunter Road Ind Est, Rutherglen, Glasgow,, G73 1LB.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 1/3 straight line
2.4. 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.
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 55,927 137,157 1,141 1,499 195,724
As at 31 July 2024 55,927 137,157 1,141 1,499 195,724
Depreciation
As at 1 August 2023 52,261 34,569 1,141 999 88,970
Provided during the period 917 25,647 - 500 27,064
As at 31 July 2024 53,178 60,216 1,141 1,499 116,034
Net Book Value
As at 31 July 2024 2,749 76,941 - - 79,690
As at 1 August 2023 3,666 102,588 - 500 106,754
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 81,625 89,045
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Page 5
5. Investments
Other
£
Cost
As at 1 August 2023 62,332
As at 31 July 2024 62,332
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 62,332
As at 1 August 2023 62,332
6. Stocks
2024 2023
£ £
Materials 1,000 1,800
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 165,324 128,519
Prepayments and accrued income 15,618 16,365
Other debtors 17,000 17,000
197,942 161,884
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,540 15,948
Trade creditors 80,585 58,406
Corporation tax 638 8,309
Other taxes and social security 5,120 5,905
VAT 25,011 49,620
Pension Fund - 284
Credit card 1,352 -
Accruals and deferred income 2,082 2,000
Director's loan account 9,938 9,051
139,266 149,523
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 70,197 85,906
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,540 15,948
Later than one year and not later than five years 70,197 85,906
84,737 101,854
84,737 101,854
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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