Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 SC658632 Mr Steven Tweed Mr Steven Tweed true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC658632 2024-04-30 SC658632 2025-04-30 SC658632 2024-05-01 2025-04-30 SC658632 frs-core:CurrentFinancialInstruments 2025-04-30 SC658632 frs-core:ComputerEquipment 2025-04-30 SC658632 frs-core:ComputerEquipment 2024-05-01 2025-04-30 SC658632 frs-core:ComputerEquipment 2024-04-30 SC658632 frs-core:FurnitureFittings 2025-04-30 SC658632 frs-core:FurnitureFittings 2024-05-01 2025-04-30 SC658632 frs-core:FurnitureFittings 2024-04-30 SC658632 frs-core:ShareCapital 2025-04-30 SC658632 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 SC658632 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC658632 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 SC658632 frs-bus:SmallEntities 2024-05-01 2025-04-30 SC658632 frs-bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC658632 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC658632 1 2024-05-01 2025-04-30 SC658632 frs-core:CostValuation 2024-04-30 SC658632 frs-core:AdditionsToInvestments 2025-04-30 SC658632 frs-core:CostValuation 2025-04-30 SC658632 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 SC658632 frs-core:ProvisionsForImpairmentInvestments 2025-04-30 SC658632 frs-bus:Director1 2024-05-01 2025-04-30 SC658632 frs-bus:Director1 2024-04-30 SC658632 frs-bus:Director1 2025-04-30 SC658632 frs-countries:Scotland 2024-05-01 2025-04-30 SC658632 2023-04-30 SC658632 2024-04-30 SC658632 2023-05-01 2024-04-30 SC658632 frs-core:CurrentFinancialInstruments 2024-04-30 SC658632 frs-core:ShareCapital 2024-04-30 SC658632 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: SC658632
Tweed Financial Planning Limited
Financial Statements
For The Year Ended 30 April 2025
Gillespie's Fife
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Tweed Financial Planning Limited for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tweed Financial Planning Limited for the year ended 30 April 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Tweed Financial Planning Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Tweed Financial Planning Limited and state those matters that we have agreed to state to the director of Tweed Financial Planning Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tweed Financial Planning Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Tweed Financial Planning Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Tweed Financial Planning Limited . You consider that Tweed Financial Planning Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Tweed Financial Planning Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
5th June 2025
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
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Balance Sheet
Registered number: SC658632
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,151 1,606
Investments 5 9,250 6,250
10,401 7,856
CURRENT ASSETS
Debtors 6 51,809 56,293
Cash at bank and in hand 95,943 67,177
147,752 123,470
Creditors: Amounts Falling Due Within One Year 7 (21,835 ) (18,919 )
NET CURRENT ASSETS (LIABILITIES) 125,917 104,551
TOTAL ASSETS LESS CURRENT LIABILITIES 136,318 112,407
PROVISIONS FOR LIABILITIES
Deferred Taxation (219 ) (305 )
NET ASSETS 136,099 112,102
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 136,098 112,101
SHAREHOLDERS' FUNDS 136,099 112,102
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For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Steven Tweed
Director
5th June 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tweed Financial Planning Limited is a private company, limited by shares, incorporated in Scotland, registered number SC658632 . The registered office is 10 Panmure Villa Gardens, Broughty Ferry, Dundee, DD5 2RF.
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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
2.4. Taxation
Corporation 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2024 899 3,246 4,145
As at 30 April 2025 899 3,246 4,145
Depreciation
As at 1 May 2024 324 2,215 2,539
Provided during the period 115 340 455
As at 30 April 2025 439 2,555 2,994
Net Book Value
As at 30 April 2025 460 691 1,151
As at 1 May 2024 575 1,031 1,606
5. Investments
Other
£
Cost
As at 1 May 2024 6,250
Additions 3,000
As at 30 April 2025 9,250
Provision
As at 1 May 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 9,250
As at 1 May 2024 6,250
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,693 17,414
Prepayments and accrued income 820 612
Director's loan account 36,296 38,267
51,809 56,293
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,451 3,949
Corporation tax 17,384 14,970
21,835 18,919
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr Steven Tweed 38,267 56,603 (58,574 ) - 36,296
The above loan is unsecured, interest free and repayable on demand.
10. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 38,000 32,100
Dividends of £36,500 were declared on 27 May 2025.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Steven Tweed by virtue of his ownership of 100% of the issued share capital in the company.
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