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 SC209202 Mr David Ling Mr Stewart Marley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC209202 2023-12-31 SC209202 2024-12-31 SC209202 2024-01-01 2024-12-31 SC209202 frs-core:CurrentFinancialInstruments 2024-12-31 SC209202 frs-core:Non-currentFinancialInstruments 2024-12-31 SC209202 frs-core:ComputerEquipment 2024-12-31 SC209202 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC209202 frs-core:ComputerEquipment 2023-12-31 SC209202 frs-core:FurnitureFittings 2024-12-31 SC209202 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC209202 frs-core:FurnitureFittings 2023-12-31 SC209202 frs-core:MotorVehicles 2024-12-31 SC209202 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC209202 frs-core:MotorVehicles 2023-12-31 SC209202 frs-core:CapitalRedemptionReserve 2024-12-31 SC209202 frs-core:ShareCapital 2024-12-31 SC209202 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC209202 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC209202 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC209202 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC209202 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC209202 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC209202 frs-core:ListedExchangeTraded 2024-12-31 SC209202 frs-core:ListedExchangeTraded 2023-12-31 SC209202 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 SC209202 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-12-31 SC209202 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 SC209202 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 SC209202 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 SC209202 frs-bus:Director1 2024-01-01 2024-12-31 SC209202 frs-bus:Director2 2024-01-01 2024-12-31 SC209202 frs-countries:Scotland 2024-01-01 2024-12-31 SC209202 2022-12-31 SC209202 2023-12-31 SC209202 2023-01-01 2023-12-31 SC209202 frs-core:CurrentFinancialInstruments 2023-12-31 SC209202 frs-core:Non-currentFinancialInstruments 2023-12-31 SC209202 frs-core:CapitalRedemptionReserve 2023-12-31 SC209202 frs-core:ShareCapital 2023-12-31 SC209202 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC209202
Fisheyes Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Donn Sheldon
21 Forbes Place
Paisley
PA1 1UT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC209202
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,681 21,366
Investments 5 120,728 107,952
139,409 129,318
CURRENT ASSETS
Debtors 6 287,051 350,465
Cash at bank and in hand 481,161 668,124
768,212 1,018,589
Creditors: Amounts Falling Due Within One Year 7 (174,512 ) (510,869 )
NET CURRENT ASSETS (LIABILITIES) 593,700 507,720
TOTAL ASSETS LESS CURRENT LIABILITIES 733,109 637,038
Creditors: Amounts Falling Due After More Than One Year 8 (9,113 ) (19,113 )
NET ASSETS 723,996 617,925
CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital redemption reserve 1 1
Profit and Loss Account 723,895 617,824
SHAREHOLDERS' FUNDS 723,996 617,925
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 Stewart Marley
Director
19/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fisheyes Limited is a private company, limited by shares, incorporated in Scotland, registered number SC209202 . The registered office is 2nd Floor, 53 Moss Street, Paisley, Renfrewshire, PA1 1DR.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 stated at cost less depreciation. 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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 13,067 2,255 29,384 44,706
Additions - 2,111 1,609 3,720
As at 31 December 2024 13,067 4,366 30,993 48,426
Depreciation
As at 1 January 2024 5,292 2,095 15,953 23,340
Provided during the period 1,945 216 4,244 6,405
As at 31 December 2024 7,237 2,311 20,197 29,745
Net Book Value
As at 31 December 2024 5,830 2,055 10,796 18,681
As at 1 January 2024 7,775 160 13,431 21,366
5. Investments
Listed
£
Cost
As at 1 January 2024 107,952
Revaluations 12,776
As at 31 December 2024 120,728
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 120,728
As at 1 January 2024 107,952
Market value of listed investments at 31 December 2021 - £106,523.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 277,177 321,059
Prepayments and accrued income 1,160 911
Other debtors 8,714 28,495
287,051 350,465
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,404 180,889
Bank loans and overdrafts 10,000 10,000
Corporation tax 71,823 100,721
Other taxes and social security 3,958 6,692
Other creditors 31,929 26,999
Accruals and deferred income 18,729 62,758
Directors' loan accounts 5,669 122,810
174,512 510,869
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,113 19,113
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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