Acorah Software Products - Accounts Production 16.3.350 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC371800 Mr J G Millican Mr D A Kretchmer Ms A M Grieve iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC371800 2023-05-31 SC371800 2024-05-31 SC371800 2023-06-01 2024-05-31 SC371800 frs-core:CurrentFinancialInstruments 2024-05-31 SC371800 frs-core:Non-currentFinancialInstruments 2024-05-31 SC371800 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-05-31 SC371800 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-01 2024-05-31 SC371800 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-05-31 SC371800 frs-core:FurnitureFittings 2024-05-31 SC371800 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC371800 frs-core:FurnitureFittings 2023-05-31 SC371800 frs-core:PlantMachinery 2024-05-31 SC371800 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC371800 frs-core:PlantMachinery 2023-05-31 SC371800 frs-core:SharePremium 2024-05-31 SC371800 frs-core:ShareCapital 2024-05-31 SC371800 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC371800 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC371800 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC371800 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC371800 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC371800 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC371800 frs-bus:Director1 2023-06-01 2024-05-31 SC371800 frs-bus:Director2 2023-06-01 2024-05-31 SC371800 frs-bus:Director3 2023-06-01 2024-05-31 SC371800 frs-countries:Scotland 2023-06-01 2024-05-31 SC371800 2022-05-31 SC371800 2023-05-31 SC371800 2022-06-01 2023-05-31 SC371800 frs-core:CurrentFinancialInstruments 2023-05-31 SC371800 frs-core:Non-currentFinancialInstruments 2023-05-31 SC371800 frs-core:SharePremium 2023-05-31 SC371800 frs-core:ShareCapital 2023-05-31 SC371800 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC371800
Safetray Products Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC371800
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 81,651 76,522
Tangible Assets 5 - 2
81,651 76,524
CURRENT ASSETS
Stock 6 16,193 21,209
Debtors 7 7,352 9,291
Cash at bank and in hand 18,161 24,276
41,706 54,776
Creditors: Amounts Falling Due Within One Year 8 (95,603 ) (66,215 )
NET CURRENT ASSETS (LIABILITIES) (53,897 ) (11,439 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,754 65,085
Creditors: Amounts Falling Due After More Than One Year 9 (67,226 ) (72,731 )
NET LIABILITIES (39,472 ) (7,646 )
CAPITAL AND RESERVES
Called up share capital 10 173 173
Share premium account 674,434 674,434
Profit and Loss Account (714,079 ) (682,253 )
SHAREHOLDERS' FUNDS (39,472) (7,646)
Page 1
Page 2
For the year ending 31 May 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
Ms A M Grieve
Director
29 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
Safetray Products Limited is a private company, limited by shares, incorporated in Scotland, registered number SC371800 . The registered office is 36 Bruntsfield Place, Edinburgh, EH10 4HJ.
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. Going Concern Disclosure
The directors have carried out an assessment of the going concern position of the Company.  The directors have concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
2.3. 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. 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.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents. They are amortised to the profit and loss account over their estimated economic life of 20 years.
2.5. 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 33% straight line
Fixtures & Fittings 33% straight line
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 June 2023 92,126
Additions 8,524
As at 31 May 2024 100,650
Amortisation
As at 1 June 2023 15,604
Provided during the period 3,395
As at 31 May 2024 18,999
Net Book Value
As at 31 May 2024 81,651
As at 1 June 2023 76,522
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 35,986 3,824 39,810
As at 31 May 2024 35,986 3,824 39,810
Depreciation
As at 1 June 2023 35,986 3,822 39,808
Provided during the period - 2 2
As at 31 May 2024 35,986 3,824 39,810
Net Book Value
As at 31 May 2024 - - -
As at 1 June 2023 - 2 2
6. Stock
2024 2023
£ £
Stock 16,193 21,209
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,905 6,651
Prepayments and accrued income - 1,640
Other debtors 1,000 1,000
VAT 4,447 -
7,352 9,291
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,387 13,049
Bank loans and overdrafts 6,699 7,892
VAT - 107
Other creditors 43,667 43,667
Accruals and deferred income 1,850 1,500
95,603 66,215
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 67,226 72,731
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 173 173
Page 5