Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC672268 Miss Stephanie Black iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC672268 2023-08-31 SC672268 2024-08-31 SC672268 2023-09-01 2024-08-31 SC672268 frs-core:CurrentFinancialInstruments 2024-08-31 SC672268 frs-core:ComputerEquipment 2024-08-31 SC672268 frs-core:ComputerEquipment 2023-09-01 2024-08-31 SC672268 frs-core:ComputerEquipment 2023-08-31 SC672268 frs-core:FurnitureFittings 2024-08-31 SC672268 frs-core:FurnitureFittings 2023-09-01 2024-08-31 SC672268 frs-core:FurnitureFittings 2023-08-31 SC672268 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC672268 frs-core:ShareCapital 2024-08-31 SC672268 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC672268 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC672268 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC672268 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC672268 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC672268 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC672268 frs-bus:Director1 2023-09-01 2024-08-31 SC672268 frs-core:CurrentFinancialInstruments 1 2024-08-31 SC672268 frs-core:CurrentFinancialInstruments 2 2024-08-31 SC672268 frs-countries:Scotland 2023-09-01 2024-08-31 SC672268 2022-08-31 SC672268 2023-08-31 SC672268 2022-09-01 2023-08-31 SC672268 frs-core:CurrentFinancialInstruments 2023-08-31 SC672268 frs-core:ShareCapital 2023-08-31 SC672268 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC672268 frs-core:CurrentFinancialInstruments 1 2023-08-31 SC672268 frs-core:CurrentFinancialInstruments 2 2023-08-31
Registered number: SC672268
Stanvor Developments Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Sutherland Black
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC672268
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 100
- 100
CURRENT ASSETS
Debtors 5 21,722 77,694
21,722 77,694
Creditors: Amounts Falling Due Within One Year 6 (28,626 ) (11,076 )
NET CURRENT ASSETS (LIABILITIES) (6,904 ) 66,618
TOTAL ASSETS LESS CURRENT LIABILITIES (6,904 ) 66,718
NET (LIABILITIES)/ASSETS (6,904 ) 66,718
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (6,905 ) 66,717
SHAREHOLDERS' FUNDS (6,904) 66,718
Page 1
Page 2
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 her 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
Miss Stephanie Black
Director
13/05/2025
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
Stanvor Developments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC672268 . The registered office is 87 Mclean Crescent, Whitburn, Bathgate, West Lothian, EH47 0ST.
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. Going Concern Disclosure
The directors have assessed the company's financial position and its expected future cash flows for a period of at least 12 months from the date of approval of the financial statements. On the basis of this assessment, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and have therefore adopted the going concern basis in preparing the financial statements.
2.3. 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.
2.4. 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% RBM
Fixtures & Fittings 20% on cost
Computer Equipment 33.33% on cost
Page 3
Page 4
2.5. 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: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 250 449 699
As at 31 August 2024 250 449 699
Depreciation
As at 1 September 2023 150 449 599
Provided during the period 100 - 100
As at 31 August 2024 250 449 699
Net Book Value
As at 31 August 2024 - - -
As at 1 September 2023 100 - 100
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 57,202
CIS Asset 12,675 9,728
Retentions 8,254 10,000
VAT 793 764
21,722 77,694
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,559 1,894
Bank loans and overdrafts 8,356 898
Corporation tax 2,552 2,078
Pensions Payable - (101 )
Accruals and deferred income 1,184 516
Director's loan account 13,975 5,791
28,626 11,076
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
During the year the Director has provided a loan to the Company the balance on which at 31 August 2024 was £13,975 (2023 - £5,791). This loan is interest free and has no formal repayment terms.
Page 5