Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC712724 Mr Richard Drysdale Mrs Mary Drysdale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC712724 2023-10-31 SC712724 2024-10-31 SC712724 2023-11-01 2024-10-31 SC712724 frs-core:CurrentFinancialInstruments 2024-10-31 SC712724 frs-core:Non-currentFinancialInstruments 2024-10-31 SC712724 frs-core:BetweenOneFiveYears 2024-10-31 SC712724 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC712724 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC712724 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 SC712724 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC712724 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 SC712724 frs-core:MoreThanFiveYears 2024-10-31 SC712724 frs-core:MotorVehicles 2024-10-31 SC712724 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC712724 frs-core:MotorVehicles 2023-10-31 SC712724 frs-core:PlantMachinery 2024-10-31 SC712724 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC712724 frs-core:PlantMachinery 2023-10-31 SC712724 frs-core:ShareCapital 2024-10-31 SC712724 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC712724 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC712724 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC712724 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC712724 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC712724 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC712724 frs-core:ListedExchangeTraded 2024-10-31 SC712724 frs-core:ListedExchangeTraded 2023-10-31 SC712724 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 SC712724 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-10-31 SC712724 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-10-31 SC712724 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-10-31 SC712724 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-10-31 SC712724 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 SC712724 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 SC712724 frs-bus:Director1 2023-11-01 2024-10-31 SC712724 frs-bus:Director1 2023-10-31 SC712724 frs-bus:Director1 2024-10-31 SC712724 frs-bus:Director2 2023-11-01 2024-10-31 SC712724 frs-core:CurrentFinancialInstruments 1 2024-10-31 SC712724 frs-countries:Scotland 2023-11-01 2024-10-31 SC712724 2022-10-31 SC712724 2023-10-31 SC712724 2022-11-01 2023-10-31 SC712724 frs-core:CurrentFinancialInstruments 2023-10-31 SC712724 frs-core:Non-currentFinancialInstruments 2023-10-31 SC712724 frs-core:BetweenOneFiveYears 2023-10-31 SC712724 frs-core:MoreThanFiveYears 2023-10-31 SC712724 frs-core:ShareCapital 2023-10-31 SC712724 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC712724 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: SC712724
Sonas Reserves Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
AMCounting Services Ltd
Unit 7 R F L House
Anderson Street
Dunblane
FK15 9AJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC712724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 184,325 68,618
Investment Properties 5 300,000 -
Investments 6 330,569 120,000
814,894 188,618
CURRENT ASSETS
Stocks 7 - 27,500
Debtors 8 1,015,878 736,411
Cash at bank and in hand 293,188 266,954
1,309,066 1,030,865
Creditors: Amounts Falling Due Within One Year 9 (1,625,569 ) (856,725 )
NET CURRENT ASSETS (LIABILITIES) (316,503 ) 174,140
TOTAL ASSETS LESS CURRENT LIABILITIES 498,391 362,758
Creditors: Amounts Falling Due After More Than One Year 10 (53,780 ) 76,000
NET ASSETS 444,611 438,758
CAPITAL AND RESERVES
Called up share capital 12 1 1
Profit and Loss Account 444,610 438,757
SHAREHOLDERS' FUNDS 444,611 438,758
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Richard Drysdale
Director
29 April 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sonas Reserves Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC712724 . The registered office is RFL House, Anderson Street, Dunblane, FK15 9AJ.
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:
Freehold 3% straight line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. 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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2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2023 30,455 5,638 46,818 82,911
Additions 48,927 - 127,227 176,154
Disposals - - (46,818 ) (46,818 )
As at 31 October 2024 79,382 5,638 127,227 212,247
Depreciation
As at 1 November 2023 304 2,285 11,704 14,293
Provided during the period 541 1,332 11,756 13,629
As at 31 October 2024 845 3,617 23,460 27,922
Net Book Value
As at 31 October 2024 78,537 2,021 103,767 184,325
As at 1 November 2023 30,151 3,353 35,114 68,618
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Page 5
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 -
Additions 300,000
As at 31 October 2024 300,000
6. Investments
Listed
£
Cost
As at 1 November 2023 120,000
Additions 216,700
Disposals (51,790 )
Revaluations 45,659
As at 31 October 2024 330,569
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 330,569
As at 1 November 2023 120,000
7. Stocks
2024 2023
£ £
Stock - 27,500
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,000,963 724,435
VAT debtor 14,915 11,976
1,015,878 736,411
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,546,593 762,797
Corporation tax 22,412 36,946
VAT - 418
Net wages 96 96
Directors' loan accounts 56,468 56,468
1,625,569 856,725
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 53,780 (76,000 )
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years (60,800 ) (76,000 )
Later than five years 114,580 -
53,780 (76,000 )
53,780 (76,000 )
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Richard Drysdale 76,000 - 15,000 - 61,000
The above loan is unsecured, interest free and repayable as per Commercial Loan Agreement.
Dividends paid to directors
2024 2023
£ £
Mr Richard Drysdale 40,000 45,000
Mrs Mary Drysdale 36,000 36,000
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