Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2023 1 May 2022 false 1 May 2023 31 August 2024 31 August 2024 SC174688 Mrs Eva Johnston Mr Tommy Sheppard Mr Michael Jones Mr Miles Jupp Mr Richard Melvin Mrs Christine Sneddon Mr Paul Sneddon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC174688 2023-04-30 SC174688 2024-08-31 SC174688 2023-05-01 2024-08-31 SC174688 frs-core:CurrentFinancialInstruments 2024-08-31 SC174688 frs-core:Non-currentFinancialInstruments 2024-08-31 SC174688 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 SC174688 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-08-31 SC174688 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 SC174688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 SC174688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-08-31 SC174688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 SC174688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC174688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-08-31 SC174688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 SC174688 frs-core:MotorVehicles 2023-05-01 2024-08-31 SC174688 frs-core:PlantMachinery 2024-08-31 SC174688 frs-core:PlantMachinery 2023-05-01 2024-08-31 SC174688 frs-core:PlantMachinery 2023-04-30 SC174688 frs-core:CapitalRedemptionReserve 2024-08-31 SC174688 frs-core:SharePremium 2024-08-31 SC174688 frs-core:ShareCapital 2024-08-31 SC174688 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC174688 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-08-31 SC174688 frs-bus:FilletedAccounts 2023-05-01 2024-08-31 SC174688 frs-bus:SmallEntities 2023-05-01 2024-08-31 SC174688 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-08-31 SC174688 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-08-31 SC174688 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 SC174688 frs-bus:Director1 2023-05-01 2024-08-31 SC174688 frs-bus:Director2 2023-05-01 2024-08-31 SC174688 frs-bus:Director3 2023-05-01 2024-08-31 SC174688 frs-bus:Director4 2023-05-01 2024-08-31 SC174688 frs-bus:Director5 2023-05-01 2024-08-31 SC174688 frs-bus:Director6 2023-05-01 2024-08-31 SC174688 frs-bus:Director7 2023-05-01 2024-08-31 SC174688 frs-core:CurrentFinancialInstruments 1 2024-08-31 SC174688 frs-core:CurrentFinancialInstruments 3 2024-08-31 SC174688 frs-core:CurrentFinancialInstruments 8 2024-08-31 SC174688 frs-core:CurrentFinancialInstruments 9 2024-08-31 SC174688 frs-countries:Scotland 2023-05-01 2024-08-31 SC174688 2022-04-30 SC174688 2023-04-30 SC174688 2022-05-01 2023-04-30 SC174688 frs-core:CurrentFinancialInstruments 2023-04-30 SC174688 frs-core:Non-currentFinancialInstruments 2023-04-30 SC174688 frs-core:CapitalRedemptionReserve 2023-04-30 SC174688 frs-core:SharePremium 2023-04-30 SC174688 frs-core:ShareCapital 2023-04-30 SC174688 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC174688 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-04-30 SC174688 frs-core:CurrentFinancialInstruments 1 2023-04-30 SC174688 frs-core:CurrentFinancialInstruments 3 2023-04-30 SC174688 frs-core:CurrentFinancialInstruments 7 2023-04-30 SC174688 frs-core:CurrentFinancialInstruments 8 2023-04-30 SC174688 frs-core:CurrentFinancialInstruments 9 2023-04-30
Registered number: SC174688
Salt 'N' Sauce Promotions Limited
Unaudited Financial Statements
For the Period 1 May 2023 to 31 August 2024
GM Accounting Limited
Chartered Certified Accountants
41 Kilmaurs Road
Edinburgh
EH16 5DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC174688
31 August 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,000 3,000
Tangible Assets 5 744,175 749,268
745,175 752,268
CURRENT ASSETS
Stocks 6 32,054 23,416
Debtors 7 399,085 59,779
Cash at bank and in hand 917,486 1,117,157
1,348,625 1,200,352
Creditors: Amounts Falling Due Within One Year 8 (869,660 ) (726,467 )
NET CURRENT ASSETS (LIABILITIES) 478,965 473,885
TOTAL ASSETS LESS CURRENT LIABILITIES 1,224,140 1,226,153
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (38,938 ) (49,085 )
NET ASSETS 1,185,202 1,177,068
CAPITAL AND RESERVES
Called up share capital 10 59 55
Share premium account 257,463 235,984
Capital redemption reserve 61 61
Profit and Loss Account 927,619 940,968
SHAREHOLDERS' FUNDS 1,185,202 1,177,068
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For the period 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 Profit and Loss Account.
On behalf of the board
Mr Michael Jones
Director
22/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Salt 'N' Sauce Promotions Limited is a private company, limited by shares, incorporated in Scotland, registered number SC174688 . The registered office is Ground Floor, 5 York Place, Edinburgh, EH1 3EB.
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 2% Straight line
Leasehold 4% Straight line
Plant & Machinery 20% Reducing balance
Motor Vehicles 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.5. 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.
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2.6. 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 period, 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 75 (2023: 75)
75 75
4. Intangible Assets
Development Costs
£
Cost
As at 1 May 2023 66,034
As at 31 August 2024 66,034
Amortisation
As at 1 May 2023 63,034
Provided during the period 2,000
As at 31 August 2024 65,034
...CONTINUED
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Net Book Value
As at 31 August 2024 1,000
As at 1 May 2023 3,000
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Total
£ £ £ £
Cost
As at 1 May 2023 429,493 697,160 786,367 1,913,020
Additions 16,198 13,315 60,394 89,907
As at 31 August 2024 445,691 710,475 846,761 2,002,927
Depreciation
As at 1 May 2023 126,592 359,986 677,174 1,163,752
Provided during the period 11,885 37,892 45,223 95,000
As at 31 August 2024 138,477 397,878 722,397 1,258,752
Net Book Value
As at 31 August 2024 307,214 312,597 124,364 744,175
As at 1 May 2023 302,901 337,174 109,193 749,268
6. Stocks
31 August 2024 30 April 2023
£ £
Finished goods 32,054 23,416
7. Debtors
31 August 2024 30 April 2023
£ £
Due within one year
Trade debtors 8,385 11,442
Prepayments and accrued income 335,589 44,167
Other debtors (1) 170 170
Directors' loan accounts 38,087 -
Amounts owed by associates 4,000 4,000
386,231 59,779
Due after more than one year
Corporation tax recoverable assets 12,854 -
399,085 59,779
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8. Creditors: Amounts Falling Due Within One Year
31 August 2024 30 April 2023
£ £
Trade creditors 84,204 107,008
Corporation tax 15,085 69,630
Other taxes and social security 40,884 5,975
VAT 47,034 110,189
Other creditors (1) 4,687 2,775
Other creditors (3) 6,264 3,954
Other creditors (7) - 3,023
Other creditors (8) 22 47
Other creditors (9) 9,620 -
Accruals and deferred income 661,860 423,866
869,660 726,467
9. Deferred Taxation
The provision for deferred tax is made up as follows:
31 August 2024 30 April 2023
£ £
Accelerated capital allowances 38,938 49,085
10. Share Capital
31 August 2024 30 April 2023
£ £
Allotted, Called up and fully paid 59 55
11. Related Party Transactions
As at 31 August 2024 Ms E Johnston owed Salt 'N' Sauce Promotions Limited £16,604 (As at 30 April 2023 Salt 'N' Sauce Promotions Limited owed Mrs E Johnston, company director, £Nil). This loan was interest free and repayable on demand. The maximum amount outstanding during the period was £16,604 owed by Mrs Johnston to the company.
As at 31 August 2024 Mr M Jones owed the company £21,483 (As at 30 April 2023 Mr Jones owed the comapny £Nil). The maximum amount outstanding during the period was £21,483.
These loans were interest free. Ms Johnston's loan is repayable on demand and Mr Jpnes's loan is repayable by 31 December 2027.
As at 31 August 2024 Salt 'N' Sauce Promotions held no funds for Stand Education (As at 30 April 2023 Salt 'N' Sauce Promotions Limited held £3,023 for Stand Education), a charity which operates as a company limited by guarantee. These two companies are connected parties as the members of Stand Education are also directors of Salt 'N' Sauce Promotions Limited. These funds are being held for Stand Education until it has a bank account of it's own. The maximum amount held during the year by Salt 'N' Sauce Promotions Limited was £7,500.
Also, as at 31 August 2024 Salt 'N' Sauce Promotions is owed £4,000 by the Glasgow International Comedy Festival Limited(30 April 2024 £4,000). This is a company limited by guarantee and Salt 'N' Sauce Promotions Limited is a member of this company. This balance represents the maximum amout outstanding during the year.
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