Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC338869 Mr J Mitchell Mr T Kirkpatrick Dr N Maheshwari Mr T Kirkpatrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC338869 2024-03-31 SC338869 2025-03-31 SC338869 2024-04-01 2025-03-31 SC338869 frs-core:CurrentFinancialInstruments 2025-03-31 SC338869 frs-core:BetweenOneFiveYears 2025-03-31 SC338869 frs-core:ComputerEquipment 2025-03-31 SC338869 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC338869 frs-core:ComputerEquipment 2024-03-31 SC338869 frs-core:FurnitureFittings 2025-03-31 SC338869 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC338869 frs-core:FurnitureFittings 2024-03-31 SC338869 frs-core:WithinOneYear 2025-03-31 SC338869 frs-core:ShareCapital 2025-03-31 SC338869 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC338869 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC338869 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC338869 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC338869 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC338869 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC338869 frs-core:DeferredTaxation 2024-04-01 2025-03-31 SC338869 frs-core:DeferredTaxation 2024-03-31 SC338869 frs-core:DeferredTaxation 2025-03-31 SC338869 frs-bus:Director1 2024-04-01 2025-03-31 SC338869 frs-bus:Director2 2024-04-01 2025-03-31 SC338869 frs-bus:Director3 2024-04-01 2025-03-31 SC338869 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC338869 frs-countries:Scotland 2024-04-01 2025-03-31 SC338869 2023-03-31 SC338869 2024-03-31 SC338869 2023-04-01 2024-03-31 SC338869 frs-core:CurrentFinancialInstruments 2024-03-31 SC338869 frs-core:BetweenOneFiveYears 2024-03-31 SC338869 frs-core:WithinOneYear 2024-03-31 SC338869 frs-core:ShareCapital 2024-03-31 SC338869 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC338869
N & F Enterprise Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Nuvo Scotland Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of N & F Enterprise Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of N & F Enterprise Limited 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 us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of N & F Enterprise Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of N & F Enterprise Limited and state those matters that we have agreed to state to the directors of N & F Enterprise Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N & F Enterprise Limited and its directors as a body for our work or for this report.
It is your duty to ensure that N & F Enterprise 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 N & F Enterprise Limited . You consider that N & F Enterprise Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of N & F Enterprise 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.
19 June 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
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Page 2
Balance Sheet
Registered number: SC338869
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,647 6,196
4,647 6,196
CURRENT ASSETS
Stocks 5 53,217 52,089
Debtors 6 117,172 123,379
Cash at bank and in hand 188,195 186,730
358,584 362,198
Creditors: Amounts Falling Due Within One Year 7 (205,269 ) (228,370 )
NET CURRENT ASSETS (LIABILITIES) 153,315 133,828
TOTAL ASSETS LESS CURRENT LIABILITIES 157,962 140,024
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,162 ) (1,549 )
NET ASSETS 156,800 138,475
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 155,800 137,475
SHAREHOLDERS' FUNDS 156,800 138,475
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For the year ending 31 March 2025 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 J Mitchell
Director
18 June 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
N & F Enterprise Limited is a private company, limited by shares, incorporated in Scotland, registered number SC338869 . The registered office is Crimond Pharmcy, Crimond Medical Centre, Crimond, AB43 8QJ.
The presentation currency of the financial statements is the Pound Sterling (£).
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 and other sales taxes. 
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 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price. 
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method. 
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments 
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
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2.6. 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
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 12)
12 12
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 10,847 7,637 18,484
As at 31 March 2025 10,847 7,637 18,484
Depreciation
As at 1 April 2024 8,295 3,993 12,288
Provided during the period 638 911 1,549
As at 31 March 2025 8,933 4,904 13,837
Net Book Value
As at 31 March 2025 1,914 2,733 4,647
As at 1 April 2024 2,552 3,644 6,196
5. Stocks
2025 2024
£ £
Stock 53,217 52,089
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 97,898 95,289
Prepayments and accrued income 3,432 3,415
Other debtors 3,518 3,289
VAT 12,324 21,386
117,172 123,379
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 145,192 163,641
Corporation tax 30,260 34,493
Other taxes and social security 4,392 4,619
Other creditors 24,973 25,200
Accruals and deferred income 452 417
205,269 228,370
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 1,549 1,549
Deferred taxation (387 ) (387 )
Balance at 31 March 2025 1,162 1,162
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 7,150 9,010
Later than one year and not later than five years 10,129 17,279
17,279 26,289
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