Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC349565 Mr A J Currie Mr A J Currie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC349565 2024-03-31 SC349565 2025-03-31 SC349565 2024-04-01 2025-03-31 SC349565 frs-core:CurrentFinancialInstruments 2025-03-31 SC349565 frs-core:Non-currentFinancialInstruments 2025-03-31 SC349565 frs-core:PlantMachinery 2025-03-31 SC349565 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC349565 frs-core:PlantMachinery 2024-03-31 SC349565 frs-core:ShareCapital 2025-03-31 SC349565 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC349565 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC349565 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC349565 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC349565 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC349565 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC349565 frs-bus:Director1 2024-04-01 2025-03-31 SC349565 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC349565 frs-countries:Scotland 2024-04-01 2025-03-31 SC349565 2023-03-31 SC349565 2024-03-31 SC349565 2023-04-01 2024-03-31 SC349565 frs-core:CurrentFinancialInstruments 2024-03-31 SC349565 frs-core:Non-currentFinancialInstruments 2024-03-31 SC349565 frs-core:ShareCapital 2024-03-31 SC349565 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC349565
Equip Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Blyth Accountants Limited
Chartered Certified Accountants
272 Bath Street
Glasgow
G2 4JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC349565
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,385 13,108
17,385 13,108
CURRENT ASSETS
Stocks 4,413 3,498
Debtors 5 63,348 72,579
Cash at bank and in hand 134,819 152,240
202,580 228,317
Creditors: Amounts Falling Due Within One Year 6 (84,624 ) (108,734 )
NET CURRENT ASSETS (LIABILITIES) 117,956 119,583
TOTAL ASSETS LESS CURRENT LIABILITIES 135,341 132,691
Creditors: Amounts Falling Due After More Than One Year 7 (350 ) (1,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,898 ) (2,939 )
NET ASSETS 131,093 128,002
CAPITAL AND RESERVES
Called up share capital 8 100 99
Profit and Loss Account 130,993 127,903
SHAREHOLDERS' FUNDS 131,093 128,002
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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 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 A J Currie
Director
19 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Equip Services Limited is a private company, limited by shares, registered in Scotland, company registration number SC349565 . The registered office is 29 Challum Drive, Motherwell, North Lanarkshire, ML1 2FD.
The presentation currency of the financial statements is Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard. The financial statements have been prepared under the historical cost convention.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
Judgements
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The director consider there to be no such significant judgements.
Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.
2.4. Turnover
Turnover comprises the invoiced cost of goods and services sold during the year, excluding value added tax. The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods and services have been passed to the buyer.
2.5. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less their estimated residual value of each asset over its estimated useful life.
Plant and machinery etc 33% on cost and 20% on cost
Tangible fixed assets are included at cost less accumulated depreciation and impairment.
Impairment of tangible fixed assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.
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. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and investments in non-puttable ordinary shares.
Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
2.8. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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.
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.
Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 30,970
Additions 20,906
Disposals (9,245 )
As at 31 March 2025 42,631
Depreciation
As at 1 April 2024 17,862
Provided during the period 8,309
Disposals (925 )
As at 31 March 2025 25,246
Net Book Value
As at 31 March 2025 17,385
As at 1 April 2024 13,108
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 59,593 69,695
Other debtors 3,755 2,884
63,348 72,579
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 11,720 24,438
Bank loans and overdrafts 1,400 1,400
Other creditors 48,756 51,984
Taxation and social security 22,748 30,912
84,624 108,734
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 350 1,750
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 99
9. Pension Commitments
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
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