Acorah Software Products - Accounts Production 16.2.850 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC401108 Mr Alasdair Currie Mr Alasdair Currie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC401108 2023-05-31 SC401108 2024-05-31 SC401108 2023-06-01 2024-05-31 SC401108 frs-core:CurrentFinancialInstruments 2024-05-31 SC401108 frs-core:Non-currentFinancialInstruments 2024-05-31 SC401108 frs-core:ComputerEquipment 2024-05-31 SC401108 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC401108 frs-core:ComputerEquipment 2023-05-31 SC401108 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC401108 frs-core:ShareCapital 2024-05-31 SC401108 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC401108 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC401108 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC401108 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC401108 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC401108 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC401108 frs-bus:Director1 2023-06-01 2024-05-31 SC401108 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 SC401108 frs-core:Non-currentFinancialInstruments 1 2024-05-31 SC401108 frs-countries:Scotland 2023-06-01 2024-05-31 SC401108 2022-05-31 SC401108 2023-05-31 SC401108 2022-06-01 2023-05-31 SC401108 frs-core:CurrentFinancialInstruments 2023-05-31 SC401108 frs-core:Non-currentFinancialInstruments 2023-05-31 SC401108 frs-core:ShareCapital 2023-05-31 SC401108 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 SC401108 frs-core:Non-currentFinancialInstruments 1 2023-05-31
Registered number: SC401108
Multiplied By Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Almond Valley Accounting Limited
CIMA
Suite 14 Ellismuir House Ellismuir Way
Uddingston
Glasgow
G71 5PW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC401108
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,685 8,172
6,685 8,172
CURRENT ASSETS
Debtors 5 1,136 2,042
Cash at bank and in hand 102,453 59,449
103,589 61,491
Creditors: Amounts Falling Due Within One Year 6 (66,123 ) (24,850 )
NET CURRENT ASSETS (LIABILITIES) 37,466 36,641
TOTAL ASSETS LESS CURRENT LIABILITIES 44,151 44,813
Creditors: Amounts Falling Due After More Than One Year 7 (13,284 ) (19,678 )
NET ASSETS 30,867 25,135
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 30,767 25,035
SHAREHOLDERS' FUNDS 30,867 25,135
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For the year ending 31 May 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 Alasdair Currie
Director
29/04/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Multiplied By Limited is a private company, limited by shares, incorporated in Scotland, registered number SC401108 . The registered office is C/O Av Accounting, Suite 14 Ellismuir House, Ellismuir Way, Tannochside, G71 5PW.
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:
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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 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: 3 (2023: 4)
3 4
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 19,447
Additions 1,178
As at 31 May 2024 20,625
Depreciation
As at 1 June 2023 11,275
Provided during the period 2,665
As at 31 May 2024 13,940
Net Book Value
As at 31 May 2024 6,685
As at 1 June 2023 8,172
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,136 2,042
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax 9,500 -
Other taxes and social security 1,270 2,912
VAT 8,089 5,746
Other creditors 736 1,719
Accruals and deferred income 35,000 -
Director's loan account 11,528 14,474
66,123 24,850
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce back loan 13,284 19,678
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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