Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC649205 Mr Craig RATTRAY Mr Philip Diamond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC649205 2023-12-31 SC649205 2024-12-31 SC649205 2024-01-01 2024-12-31 SC649205 frs-core:CurrentFinancialInstruments 2024-12-31 SC649205 frs-core:Non-currentFinancialInstruments 2024-12-31 SC649205 frs-core:BetweenOneFiveYears 2024-12-31 SC649205 frs-core:ComputerEquipment 2024-12-31 SC649205 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC649205 frs-core:ComputerEquipment 2023-12-31 SC649205 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 SC649205 frs-core:FurnitureFittings 2024-12-31 SC649205 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC649205 frs-core:FurnitureFittings 2023-12-31 SC649205 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC649205 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC649205 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC649205 frs-core:OtherResidualIntangibleAssets 2024-12-31 SC649205 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 SC649205 frs-core:OtherResidualIntangibleAssets 2023-12-31 SC649205 frs-core:PlantMachinery 2024-12-31 SC649205 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC649205 frs-core:PlantMachinery 2023-12-31 SC649205 frs-core:WithinOneYear 2024-12-31 SC649205 frs-core:ShareCapital 2024-12-31 SC649205 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC649205 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC649205 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC649205 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC649205 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC649205 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC649205 frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC649205 frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC649205 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC649205 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC649205 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC649205 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC649205 frs-bus:Director1 2024-01-01 2024-12-31 SC649205 frs-bus:Director1 2023-12-31 SC649205 frs-bus:Director1 2024-12-31 SC649205 frs-bus:Director2 2024-01-01 2024-12-31 SC649205 frs-countries:Scotland 2024-01-01 2024-12-31 SC649205 2022-12-31 SC649205 2023-12-31 SC649205 2023-01-01 2023-12-31 SC649205 frs-core:CurrentFinancialInstruments 2023-12-31 SC649205 frs-core:Non-currentFinancialInstruments 2023-12-31 SC649205 frs-core:BetweenOneFiveYears 2023-12-31 SC649205 frs-core:WithinOneYear 2023-12-31 SC649205 frs-core:ShareCapital 2023-12-31 SC649205 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC649205
Diamond And Company (Scotland) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC649205
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,688 15,821
Tangible Assets 5 55,687 181,827
Investments 6 1 1
69,376 197,649
CURRENT ASSETS
Debtors 7 1,579,857 1,314,868
Cash at bank and in hand 249,607 183,434
1,829,464 1,498,302
Creditors: Amounts Falling Due Within One Year 8 (1,361,941 ) (945,364 )
NET CURRENT ASSETS (LIABILITIES) 467,523 552,938
TOTAL ASSETS LESS CURRENT LIABILITIES 536,899 750,587
Creditors: Amounts Falling Due After More Than One Year 9 (311,556 ) (519,197 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,922 ) (10,034 )
NET ASSETS 211,421 221,356
CAPITAL AND RESERVES
Called up share capital 10 90 90
Profit and Loss Account 211,331 221,266
SHAREHOLDERS' FUNDS 211,421 221,356
Page 1
Page 2
For the year ending 31 December 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 Philip Diamond
Director
05/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Diamond And Company (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC649205 . The registered office is 140 Lower Ground, 140 West George Street, Glasgow, Scotland, G2 2HG.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Software. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. 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 No depreciation on land
Plant & Machinery 25% SLM
Fixtures & Fittings 25% WDV
Computer Equipment 33.3% WDV
2.5. 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 year, 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 18,320
As at 31 December 2024 18,320
Amortisation
As at 1 January 2024 2,499
Provided during the period 2,133
As at 31 December 2024 4,632
Net Book Value
As at 31 December 2024 13,688
As at 1 January 2024 15,821
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 141,693 26,256 22,010 41,945 231,904
Additions - - 478 32,585 33,063
Disposals (141,693 ) - - - (141,693 )
As at 31 December 2024 - 26,256 22,488 74,530 123,274
Depreciation
As at 1 January 2024 - 17,112 12,302 20,663 50,077
Provided during the period - 3,100 2,978 11,432 17,510
As at 31 December 2024 - 20,212 15,280 32,095 67,587
Net Book Value
As at 31 December 2024 - 6,044 7,208 42,435 55,687
As at 1 January 2024 141,693 9,144 9,708 21,282 181,827
Page 4
Page 5
6. Investments
Unlisted
£
Cost
As at 1 January 2024 1
As at 31 December 2024 1
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 1
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 296,536 60,666
Other debtors 1,283,321 1,254,202
1,579,857 1,314,868
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 301,268 131,721
Bank loans and overdrafts 278,182 487,224
Other creditors 207,527 6,977
Taxation and social security 574,964 319,442
1,361,941 945,364
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 311,556 519,197
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 90 90
Page 5
Page 6
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 46,483 -
Later than one year and not later than five years 100,385 -
146,868 -
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Philip Diamond 133,256 586,608 291,027 - 428,837
The above loan has no fixed repayment terms and is repayable on demand. Interest is charged at 2.25%
13. Related Party Transactions
For the year ended 31st December 2024 Craig Alexander Rattray Limited, a Company of which Director Mr Craig Alexander
Rattray is a majority shareholder, invoiced Diamond and Company (Scotland) Ltd £43,200 (Including VAT) (2023: £63,000) for consultancy
services provided. This has been allocated to Consultancy fees.
At 31st December 2024, P Diamond (Surveyors) Ltd was due £40,019 (2023: £32,550) to Diamond and Company (Scotland)
Ltd. Mr Philip Diamond is majority shareholder and the loan is interest free and repayable on demand.
At 31st December 2024, Brooker Diamond Fire Engineering Limited was due £11,999 (2023: £20,003) to Diamond and Company (Scotland)
Ltd. Diamond and Company (Scotland) Ltd own 100% of Brooker Diamond Fire Engineering Ltd and the loan is interest free and repayable on demand.
Diamond and Company (Scotland) Ltd invoiced Brooker Diamond Fire Engineering Limited management fees of £37,200 (including VAT) for services provided.
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