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 SC298475 Mr Craig Sneddon Mr Russell Sneddon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC298475 2023-08-31 SC298475 2024-08-31 SC298475 2023-09-01 2024-08-31 SC298475 frs-core:CurrentFinancialInstruments 2024-08-31 SC298475 frs-core:Non-currentFinancialInstruments 2024-08-31 SC298475 frs-core:BetweenOneFiveYears 2024-08-31 SC298475 frs-core:ComputerEquipment 2024-08-31 SC298475 frs-core:ComputerEquipment 2023-09-01 2024-08-31 SC298475 frs-core:ComputerEquipment 2023-08-31 SC298475 frs-core:MotorVehicles 2024-08-31 SC298475 frs-core:MotorVehicles 2023-09-01 2024-08-31 SC298475 frs-core:MotorVehicles 2023-08-31 SC298475 frs-core:PlantMachinery 2024-08-31 SC298475 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC298475 frs-core:PlantMachinery 2023-08-31 SC298475 frs-core:WithinOneYear 2024-08-31 SC298475 frs-core:ShareCapital 2024-08-31 SC298475 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC298475 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC298475 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC298475 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC298475 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC298475 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC298475 frs-bus:Director1 2023-09-01 2024-08-31 SC298475 frs-bus:Director2 2023-09-01 2024-08-31 SC298475 frs-core:CurrentFinancialInstruments 2 2024-08-31 SC298475 frs-countries:Scotland 2023-09-01 2024-08-31 SC298475 2022-08-31 SC298475 2023-08-31 SC298475 2022-09-01 2023-08-31 SC298475 frs-core:CurrentFinancialInstruments 2023-08-31 SC298475 frs-core:Non-currentFinancialInstruments 2023-08-31 SC298475 frs-core:BetweenOneFiveYears 2023-08-31 SC298475 frs-core:MotorVehicles 2022-09-01 2023-08-31 SC298475 frs-core:PlantMachinery 2022-09-01 2023-08-31 SC298475 frs-core:WithinOneYear 2023-08-31 SC298475 frs-core:ShareCapital 2023-08-31 SC298475 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC298475 frs-core:CurrentFinancialInstruments 1 2023-08-31 SC298475 frs-core:CurrentFinancialInstruments 2 2023-08-31
Registered number: SC298475
W T Sneddon & Sons Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC298475
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 669,039 837,962
669,039 837,962
CURRENT ASSETS
Debtors 5 563,157 538,080
Cash at bank and in hand 71,178 71,363
634,335 609,443
Creditors: Amounts Falling Due Within One Year 6 (550,506 ) (539,847 )
NET CURRENT ASSETS (LIABILITIES) 83,829 69,596
TOTAL ASSETS LESS CURRENT LIABILITIES 752,868 907,558
Creditors: Amounts Falling Due After More Than One Year 7 (384,847 ) (561,316 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (119,833 ) (146,254 )
NET ASSETS 248,188 199,988
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 248,088 199,888
SHAREHOLDERS' FUNDS 248,188 199,988
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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 Profit and Loss Account.
On behalf of the board
Mr Craig Sneddon
Director
Mr Russell Sneddon
Director
19/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
W T Sneddon & Sons Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC298475 . The registered office is Brownsburn Industrial Estate, Airdrie, Lanarkshire, ML6 9SE.
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 20% on cost
Tangible assets are initially recognised at cost which is the purchase price plus any directly attributable costs.
Subsequently tangible assets are measured at cost less accumulated depreciation and impairment losses.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Financial Instruments
The company only has basic financial instruments.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 17)
16 17
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 38,676 1,307,074 18,437 1,364,187
Additions - 9,300 - 9,300
As at 31 August 2024 38,676 1,316,374 18,437 1,373,487
Depreciation
As at 1 September 2023 1,925 515,266 9,034 526,225
Provided during the period 7,350 167,185 3,688 178,223
As at 31 August 2024 9,275 682,451 12,722 704,448
Net Book Value
As at 31 August 2024 29,401 633,923 5,715 669,039
As at 1 September 2023 36,751 791,808 9,403 837,962
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 27,534 34,417
Motor Vehicles 556,109 781,969
583,643 816,386
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 445,749 438,086
Prepayments and accrued income 70,569 38,252
516,318 476,338
Due after more than one year
Deferred tax current asset 46,839 61,742
563,157 538,080
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 193,914 202,144
Trade creditors 66,283 132,021
Bank loans and overdrafts 49,624 12,057
Social security and other taxes 12,159 9,814
VAT 53,859 42,956
Other creditors 65,496 50,337
Pensions due - 925
Company Credit Card 1,701 1,640
Accrued expenses 2,617 2,617
Directors' loan accounts 104,853 85,336
550,506 539,847
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 292,528 459,721
Bank loans 11,369 21,595
Accruals and deferred income 950 -
Directors loan account 80,000 80,000
384,847 561,316
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 193,914 202,144
Later than one year and not later than five years 292,528 459,721
486,442 661,865
486,442 661,865
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 119,833 146,254
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Other Commitments
Office premises are leased on a rolling basis and reviewed annually.
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 28,800 38,187
28,800 38,187
12. Related Party Transactions
During the year £15,159 was loaned to Mr & Mrs WT Sneddon, close family members of the directors, the
balance due to the related party at the year-end was £65,496 (2023 - £50,337). This loan is non-interest bearing and is
repayable on demand.
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