Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC484370 Nicholas McCaffery iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC484370 2023-08-31 SC484370 2024-08-31 SC484370 2023-09-01 2024-08-31 SC484370 frs-core:CurrentFinancialInstruments 2024-08-31 SC484370 frs-core:NetGoodwill 2024-08-31 SC484370 frs-core:NetGoodwill 2023-09-01 2024-08-31 SC484370 frs-core:NetGoodwill 2023-08-31 SC484370 frs-core:ShareCapital 2024-08-31 SC484370 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC484370 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC484370 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC484370 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC484370 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC484370 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC484370 frs-bus:Director1 2023-09-01 2024-08-31 SC484370 frs-countries:Scotland 2023-09-01 2024-08-31 SC484370 2022-08-31 SC484370 2023-08-31 SC484370 2022-09-01 2023-08-31 SC484370 frs-core:CurrentFinancialInstruments 2023-08-31 SC484370 frs-core:ShareCapital 2023-08-31 SC484370 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC484370
McCaffery & Co Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: SC484370
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,000
- 1,000
CURRENT ASSETS
Debtors 5 18,725 21,684
Cash at bank and in hand 209,682 168,244
228,407 189,928
Creditors: Amounts Falling Due Within One Year 6 (41,610 ) (28,509 )
NET CURRENT ASSETS (LIABILITIES) 186,797 161,419
TOTAL ASSETS LESS CURRENT LIABILITIES 186,797 162,419
NET ASSETS 186,797 162,419
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 186,697 162,319
SHAREHOLDERS' FUNDS 186,797 162,419
For the year ending 31 August 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 Income Statement.
On behalf of the board
Nicholas McCaffery
Director
24/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
McCaffery & Co Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC484370 . The registered office is 205 St. Vincent Street, Glasgow, G2 5QD.
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 rendering of services.
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 income statement over its estimated economic life of 10 years.
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 year 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 asset reflects 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: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 10,000
As at 31 August 2024 10,000
Amortisation
As at 1 September 2023 9,000
Provided during the period 1,000
As at 31 August 2024 10,000
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 1,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,725 21,684
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 25,433 16,250
VAT 14,190 8,924
Accruals and deferred income 1,680 3,300
Director's loan account 307 35
41,610 28,509
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3