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 SC227137 Martijn Hengelmolen Alan Lorimer George Robb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC227137 2023-08-31 SC227137 2024-08-31 SC227137 2023-09-01 2024-08-31 SC227137 frs-core:CurrentFinancialInstruments 2024-08-31 SC227137 frs-core:Non-currentFinancialInstruments 2024-08-31 SC227137 frs-core:NetGoodwill 2024-08-31 SC227137 frs-core:NetGoodwill 2023-09-01 2024-08-31 SC227137 frs-core:NetGoodwill 2023-08-31 SC227137 frs-core:PlantMachinery 2024-08-31 SC227137 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC227137 frs-core:PlantMachinery 2023-08-31 SC227137 frs-core:SharePremium 2024-08-31 SC227137 frs-core:ShareCapital 2024-08-31 SC227137 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC227137 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC227137 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC227137 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC227137 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC227137 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC227137 frs-bus:Director1 2023-09-01 2024-08-31 SC227137 frs-bus:Director2 2023-09-01 2024-08-31 SC227137 frs-bus:Director3 2023-09-01 2024-08-31 SC227137 frs-core:CurrentFinancialInstruments 1 2024-08-31 SC227137 frs-countries:Scotland 2023-09-01 2024-08-31 SC227137 2022-08-31 SC227137 2023-08-31 SC227137 2022-09-01 2023-08-31 SC227137 frs-core:CurrentFinancialInstruments 2023-08-31 SC227137 frs-core:Non-currentFinancialInstruments 2023-08-31 SC227137 frs-core:SharePremium 2023-08-31 SC227137 frs-core:ShareCapital 2023-08-31 SC227137 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC227137 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: SC227137
Broadband Cloud Solutions Limited
Financial Statements
For The Year Ended 31 August 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC227137
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 71,909 113,087
Tangible Assets 5 4,227 5,191
76,136 118,278
CURRENT ASSETS
Stocks 6 1,145 1,145
Debtors 7 107,601 109,505
Cash at bank and in hand 8,078 28,875
116,824 139,525
Creditors: Amounts Falling Due Within One Year 8 (128,489 ) (82,395 )
NET CURRENT ASSETS (LIABILITIES) (11,665 ) 57,130
TOTAL ASSETS LESS CURRENT LIABILITIES 64,471 175,408
Creditors: Amounts Falling Due After More Than One Year 9 (12,438 ) (19,099 )
NET ASSETS 52,033 156,309
CAPITAL AND RESERVES
Called up share capital 10 63,650 63,650
Share premium account 866,436 866,436
Income Statement (878,053 ) (773,777 )
SHAREHOLDERS' FUNDS 52,033 156,309
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 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 Income Statement.
On behalf of the board
George Robb
Director
15/01/2025
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
Broadband Cloud Solutions Limited is a private company, limited by shares, incorporated in Scotland, registered number SC227137 . The registered office is 4 Redheughs Rigg, South Gyle, Edinburgh, Scotland, EH12 9DQ.
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. 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, on an anticipaated residual value of £55665.
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% Reducing Balance
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 411,593
As at 31 August 2024 411,593
Amortisation
As at 1 September 2023 298,506
Provided during the period 41,178
As at 31 August 2024 339,684
Net Book Value
As at 31 August 2024 71,909
As at 1 September 2023 113,087
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 37,903
Additions 403
As at 31 August 2024 38,306
Depreciation
As at 1 September 2023 32,712
Provided during the period 1,367
As at 31 August 2024 34,079
Net Book Value
As at 31 August 2024 4,227
As at 1 September 2023 5,191
6. Stocks
2024 2023
£ £
Stock 1,145 1,145
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 102,551 96,084
Prepayments and accrued income 2,996 2,996
Other debtors - Security Deposit 2,054 -
VAT - 10,425
107,601 109,505
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,076 7,778
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 3,752 5,290
VAT 6,989 -
Other creditors 30,000 30,000
Accruals and deferred income 33,146 20,601
Payments on account 11,526 8,726
128,489 82,395
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,438 19,099
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 63,650 63,650
Page 5