Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 7 October 2022 false 1 November 2023 31 October 2024 31 October 2024 SC746611 Mr A Boyd Mr A M Lyall Mr A Sahgal MBM Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC746611 2023-10-31 SC746611 2024-10-31 SC746611 2023-11-01 2024-10-31 SC746611 frs-core:CurrentFinancialInstruments 2024-10-31 SC746611 frs-core:ComputerEquipment 2024-10-31 SC746611 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC746611 frs-core:ComputerEquipment 2023-10-31 SC746611 frs-core:FurnitureFittings 2024-10-31 SC746611 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC746611 frs-core:FurnitureFittings 2023-10-31 SC746611 frs-core:ShareCapital 2024-10-31 SC746611 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC746611 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC746611 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC746611 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC746611 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC746611 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC746611 frs-bus:Director1 2023-11-01 2024-10-31 SC746611 frs-bus:Director2 2023-11-01 2024-10-31 SC746611 frs-bus:Director3 2023-11-01 2024-10-31 SC746611 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 SC746611 frs-countries:Scotland 2023-11-01 2024-10-31 SC746611 2022-10-06 SC746611 2023-10-31 SC746611 2022-10-07 2023-10-31 SC746611 frs-core:CurrentFinancialInstruments 2023-10-31 SC746611 frs-core:ShareCapital 2023-10-31 SC746611 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC746611
Ascent Platform Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC746611
31 October 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,721 11,275
26,721 11,275
CURRENT ASSETS
Debtors 5 185,232 3,668
Cash at bank and in hand 18,994 16,570
204,226 20,238
Creditors: Amounts Falling Due Within One Year 6 (70,787 ) (18,220 )
NET CURRENT ASSETS (LIABILITIES) 133,439 2,018
TOTAL ASSETS LESS CURRENT LIABILITIES 160,160 13,293
NET ASSETS 160,160 13,293
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 160,158 13,291
SHAREHOLDERS' FUNDS 160,160 13,293
Page 1
Page 2
For the year ending 31 October 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 A M Lyall
Director
12 June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ascent Platform Limited is a private company, limited by shares, incorporated in Scotland, registered number SC746611 . The registered office is Suite 2, Ground Floor, Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 20% straight line
Computer Equipment 33.33% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 7)
11 7
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 478 13,475 13,953
Additions - 23,987 23,987
As at 31 October 2024 478 37,462 37,940
Depreciation
As at 1 November 2023 16 2,662 2,678
Provided during the period 96 8,445 8,541
As at 31 October 2024 112 11,107 11,219
Net Book Value
As at 31 October 2024 366 26,355 26,721
As at 1 November 2023 462 10,813 11,275
5. Debtors
31 October 2024 31 October 2023
£ £
Due within one year
Prepayments and accrued income 185,232 3,668
6. Creditors: Amounts Falling Due Within One Year
31 October 2024 31 October 2023
£ £
Trade creditors 2,776 156
Corporation tax 42,340 215
Other taxes and social security 22,933 17,561
Other creditors (339 ) 288
Accruals and deferred income 3,077 -
70,787 18,220
7. Share Capital
31 October 2024 31 October 2023
£ £
Allotted, Called up and fully paid 2 2
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