Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC637685 Mr Shaun Ramsay Mr Shaun Ramsay false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC637685 2023-08-31 SC637685 2024-08-31 SC637685 2023-09-01 2024-08-31 SC637685 frs-core:CurrentFinancialInstruments 2024-08-31 SC637685 frs-core:Non-currentFinancialInstruments 2024-08-31 SC637685 frs-core:NetGoodwill 2024-08-31 SC637685 frs-core:NetGoodwill 2023-09-01 2024-08-31 SC637685 frs-core:NetGoodwill 2023-08-31 SC637685 frs-core:ShareCapital 2024-08-31 SC637685 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC637685 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC637685 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC637685 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC637685 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC637685 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC637685 1 2023-09-01 2024-08-31 SC637685 frs-bus:Director1 2023-09-01 2024-08-31 SC637685 frs-countries:Scotland 2023-09-01 2024-08-31 SC637685 2022-08-31 SC637685 2023-08-31 SC637685 2022-09-01 2023-08-31 SC637685 frs-core:CurrentFinancialInstruments 2023-08-31 SC637685 frs-core:Non-currentFinancialInstruments 2023-08-31 SC637685 frs-core:ShareCapital 2023-08-31 SC637685 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC637685
Edinburgh Power Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC637685
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,000 6,000
5,000 6,000
CURRENT ASSETS
Debtors 5 3,381 10,450
Cash at bank and in hand - 25
3,381 10,475
Creditors: Amounts Falling Due Within One Year 6 (6,053 ) (7,152 )
NET CURRENT ASSETS (LIABILITIES) (2,672 ) 3,323
TOTAL ASSETS LESS CURRENT LIABILITIES 2,328 9,323
Creditors: Amounts Falling Due After More Than One Year 7 (4,050 ) (9,450 )
NET LIABILITIES (1,722 ) (127 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,822 ) (227 )
SHAREHOLDERS' FUNDS (1,722) (127)
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 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 Shaun Ramsay
Director
21/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Edinburgh Power Solutions Limited is a private company, limited by shares, incorporated in Scotland, registered number SC637685 . The registered office is The Walled Garden, South Building, Bush Estate, Edinburgh, Midlothian, EH26 0SD.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 profit and loss account over its estimated economic life of 10 years.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 10,000
As at 31 August 2024 10,000
Amortisation
As at 1 September 2023 4,000
Provided during the period 1,000
As at 31 August 2024 5,000
Net Book Value
As at 31 August 2024 5,000
As at 1 September 2023 6,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,381 10,450
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,400 5,400
Other creditors 559 649
Taxation and social security 94 1,103
6,053 7,152
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,050 9,450
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
10. Controlling Party
The company's controlling party is Mr Shaun Ramsay by virtue of his ownership of 60% of the issued share capital in the company.
Page 3