Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 30 September 2022 false 1 October 2023 30 September 2024 30 September 2024 SC745954 Mrs Tracy McLean iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC745954 2023-09-30 SC745954 2024-09-30 SC745954 2023-10-01 2024-09-30 SC745954 frs-core:CurrentFinancialInstruments 2024-09-30 SC745954 frs-core:Non-currentFinancialInstruments 2024-09-30 SC745954 frs-core:FurnitureFittings 2024-09-30 SC745954 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC745954 frs-core:FurnitureFittings 2023-09-30 SC745954 frs-core:ShareCapital 2024-09-30 SC745954 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC745954 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC745954 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC745954 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC745954 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC745954 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC745954 frs-bus:Director1 2023-10-01 2024-09-30 SC745954 frs-bus:Director1 2023-09-30 SC745954 frs-bus:Director1 2024-09-30 SC745954 frs-countries:Scotland 2023-10-01 2024-09-30 SC745954 2022-09-29 SC745954 2023-09-30 SC745954 2022-09-30 2023-09-30 SC745954 frs-core:CurrentFinancialInstruments 2023-09-30 SC745954 frs-core:Non-currentFinancialInstruments 2023-09-30 SC745954 frs-core:ShareCapital 2023-09-30 SC745954 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC745954
Colours By Tracy Limited
Financial Statements
For The Year Ended 30 September 2024
Stewart Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC745954
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,499 8,107
5,499 8,107
CURRENT ASSETS
Debtors 5 3,532 1
Cash at bank and in hand 1,799 1,978
5,331 1,979
Creditors: Amounts Falling Due Within One Year 6 (9,353 ) (13,758 )
NET CURRENT ASSETS (LIABILITIES) (4,022 ) (11,779 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,477 (3,672 )
Creditors: Amounts Falling Due After More Than One Year 7 (3,250 ) (8,000 )
NET LIABILITIES (1,773 ) (11,672 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,774 ) (11,673 )
SHAREHOLDERS' FUNDS (1,773) (11,672)
Page 1
Page 2
For the year ending 30 September 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
Mrs Tracy McLean
Director
2nd May 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
Colours By Tracy Limited is a private company, limited by shares, incorporated in Scotland, registered number SC745954 . The registered office is 180 Grahams Road, Falkirk, Scotland, FK2 7BY.
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 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 10,810
Additions 126
As at 30 September 2024 10,936
...CONTINUED
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Depreciation
As at 1 October 2023 2,703
Provided during the period 2,734
As at 30 September 2024 5,437
Net Book Value
As at 30 September 2024 5,499
As at 1 October 2023 8,107
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,333 -
Other debtors 2,199 1
3,532 1
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,603 2,012
Bank loans and overdrafts 3,000 1,000
Other creditors 2,750 10,746
9,353 13,758
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,250 8,000
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid - 1
Called Up Share Capital has been paid up 1 -
Amount of Allotted, Called Up Share Capital 1 1
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mrs Tracy McLean (9,521 ) - 11,533 - 2,011
The above loan is unsecured, interest free and repayable on demand.
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