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 SC395052 Mr G Craig Mrs F Craig Mrs F Craig true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC395052 2024-03-31 SC395052 2025-03-31 SC395052 2024-04-01 2025-03-31 SC395052 frs-core:CurrentFinancialInstruments 2025-03-31 SC395052 frs-core:Non-currentFinancialInstruments 2025-03-31 SC395052 frs-core:BetweenOneFiveYears 2025-03-31 SC395052 frs-core:ComputerEquipment 2025-03-31 SC395052 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC395052 frs-core:ComputerEquipment 2024-03-31 SC395052 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 SC395052 frs-core:FurnitureFittings 2025-03-31 SC395052 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC395052 frs-core:FurnitureFittings 2024-03-31 SC395052 frs-core:NetGoodwill 2025-03-31 SC395052 frs-core:NetGoodwill 2024-04-01 2025-03-31 SC395052 frs-core:NetGoodwill 2024-03-31 SC395052 frs-core:MotorVehicles 2025-03-31 SC395052 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC395052 frs-core:MotorVehicles 2024-03-31 SC395052 frs-core:OtherResidualIntangibleAssets 2025-03-31 SC395052 frs-core:OtherResidualIntangibleAssets 2024-03-31 SC395052 frs-core:PlantMachinery 2025-03-31 SC395052 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC395052 frs-core:PlantMachinery 2024-03-31 SC395052 frs-core:WithinOneYear 2025-03-31 SC395052 frs-core:ShareCapital 2025-03-31 SC395052 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC395052 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC395052 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC395052 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC395052 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC395052 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC395052 1 2024-04-01 2025-03-31 SC395052 frs-core:DeferredTaxation 2024-04-01 2025-03-31 SC395052 frs-core:DeferredTaxation 2024-03-31 SC395052 frs-core:DeferredTaxation 2025-03-31 SC395052 frs-bus:Director1 2024-04-01 2025-03-31 SC395052 frs-bus:Director1 2024-03-31 SC395052 frs-bus:Director1 2025-03-31 SC395052 frs-bus:Director2 2024-04-01 2025-03-31 SC395052 frs-bus:Director2 2024-03-31 SC395052 frs-bus:Director2 2025-03-31 SC395052 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC395052 frs-countries:Scotland 2024-04-01 2025-03-31 SC395052 2023-03-31 SC395052 2024-03-31 SC395052 2023-04-01 2024-03-31 SC395052 frs-core:CurrentFinancialInstruments 2024-03-31 SC395052 frs-core:Non-currentFinancialInstruments 2024-03-31 SC395052 frs-core:BetweenOneFiveYears 2024-03-31 SC395052 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC395052 frs-core:WithinOneYear 2024-03-31 SC395052 frs-core:ShareCapital 2024-03-31 SC395052 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC395052
Graeme Craig Consulting Engineers Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
Nuvo Scotland Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC395052
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,262 18,424
14,262 18,424
CURRENT ASSETS
Stocks 6 13,598 5,060
Debtors 7 4,535 12,170
Cash at bank and in hand 26,108 19,541
44,241 36,771
Creditors: Amounts Falling Due Within One Year 8 (46,671 ) (39,321 )
NET CURRENT ASSETS (LIABILITIES) (2,430 ) (2,550 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,832 15,874
Creditors: Amounts Falling Due After More Than One Year 9 (8,163 ) (11,067 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,565 ) (4,596 )
NET ASSETS 104 211
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 4 111
SHAREHOLDERS' FUNDS 104 211
Page 1
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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 G Craig
Director
23 June 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Graeme Craig Consulting Engineers Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC395052 . The registered office is Kempstone Hill, Stonehaven, AB39 3QE.
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. 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.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software it is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period.  The effect of any change is accounted for prospectively."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:
Plant & Machinery 25% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 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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2.8. 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. 
2.9. 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.
2.10. 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: 2 (2024: 2)
2 2
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4. Intangible Assets
Goodwill Computer Software Total
£ £ £
Cost
As at 1 April 2024 63,200 3,264 66,464
As at 31 March 2025 63,200 3,264 66,464
Amortisation
As at 1 April 2024 63,200 3,264 66,464
As at 31 March 2025 63,200 3,264 66,464
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 - - -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 700 19,214 2,845 11,787 34,546
Additions - - 526 220 746
Disposals - - (386 ) (361 ) (747 )
As at 31 March 2025 700 19,214 2,985 11,646 34,545
Depreciation
As at 1 April 2024 700 2,882 1,401 11,139 16,122
Provided during the period - 3,843 447 381 4,671
Disposals - - (149 ) (361 ) (510 )
As at 31 March 2025 700 6,725 1,699 11,159 20,283
Net Book Value
As at 31 March 2025 - 12,489 1,286 487 14,262
As at 1 April 2024 - 16,332 1,444 648 18,424
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 12,489 16,332
6. Stocks
2025 2024
£ £
Work in progress 13,598 5,060
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 802 8,597
Prepayments and accrued income 3,733 3,573
4,535 12,170
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,904 2,600
Trade creditors 86 109
Corporation tax 19,504 12,500
VAT 6,550 6,941
Directors' loan accounts 17,627 17,171
46,671 39,321
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,163 11,067
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,904 2,600
Later than one year and not later than five years 8,163 11,067
11,067 13,667
11,067 13,667
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 4,596 4,596
Utilised (1,031 ) (1,031)
Balance at 31 March 2025 3,565 3,565
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12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 396 792
Later than one year and not later than five years - 396
396 1,188
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Graeme Craig (11,163 ) 300 (530 ) - (11,393 )
Mrs Fiona Craig (6,007 ) 300 (528 ) - (6,234 )
The above loans are interest free and have no fixed repayment terms.
14. Ultimate Controlling Party
The company's ultimate controlling party are deemed to be the company directors Mr Graeme Craig and Mrs Fiona Craig. 
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