Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC655730 Mr Aidan Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC655730 2024-03-31 SC655730 2025-03-31 SC655730 2024-04-01 2025-03-31 SC655730 frs-core:CurrentFinancialInstruments 2025-03-31 SC655730 frs-core:FurnitureFittings 2025-03-31 SC655730 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC655730 frs-core:FurnitureFittings 2024-03-31 SC655730 frs-core:MotorVehicles 2025-03-31 SC655730 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC655730 frs-core:MotorVehicles 2024-03-31 SC655730 frs-core:ShareCapital 2025-03-31 SC655730 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC655730 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC655730 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC655730 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC655730 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC655730 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC655730 frs-bus:Director1 2024-04-01 2025-03-31 SC655730 frs-countries:Scotland 2024-04-01 2025-03-31 SC655730 2023-03-31 SC655730 2024-03-31 SC655730 2023-04-01 2024-03-31 SC655730 frs-core:CurrentFinancialInstruments 2024-03-31 SC655730 frs-core:ShareCapital 2024-03-31 SC655730 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC655730
Clieo Supplies Limited
Financial Statements
For The Year Ended 31 March 2025
A&A Accounting Limited
1037 Sauchiehall Street
Glasgow
G3 7TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC655730
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,907 7,551
12,907 7,551
CURRENT ASSETS
Stocks 5 4,788 5,528
Debtors 6 196,954 101,333
Cash at bank and in hand 42,256 89,919
243,998 196,780
Creditors: Amounts Falling Due Within One Year 7 (55,443 ) (50,069 )
NET CURRENT ASSETS (LIABILITIES) 188,555 146,711
TOTAL ASSETS LESS CURRENT LIABILITIES 201,462 154,262
NET ASSETS 201,462 154,262
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 201,458 154,258
SHAREHOLDERS' FUNDS 201,462 154,262
Page 1
Page 2
For the year ending 31 March 2025 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 Aidan Smith
Director
13/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Clieo Supplies Limited is a private company, limited by shares, incorporated in Scotland, registered number SC655730 . The registered office is 272 Bath Street, Glasgow, G2 4JR.
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:
Motor Vehicles 10% Reducing balance
Fixtures & Fittings 10% Straight line
2.4. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 10,736 - 10,736
Additions - 7,000 7,000
As at 31 March 2025 10,736 7,000 17,736
Depreciation
As at 1 April 2024 3,185 - 3,185
Provided during the period 944 700 1,644
As at 31 March 2025 4,129 700 4,829
Net Book Value
As at 31 March 2025 6,607 6,300 12,907
As at 1 April 2024 7,551 - 7,551
5. Stocks
2025 2024
£ £
Stock 4,788 5,528
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 184,954 89,933
Other debtors 12,000 11,400
196,954 101,333
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 21,647 14,178
Other taxes and social security 336 281
VAT 20,918 14,668
Accruals and deferred income 10,000 10,000
Director's loan account 2,542 10,942
55,443 50,069
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
Page 4