Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC669817 Mr Alan Brydon Mrs Wendy Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC669817 2023-09-30 SC669817 2024-09-30 SC669817 2023-10-01 2024-09-30 SC669817 frs-core:CurrentFinancialInstruments 2024-09-30 SC669817 frs-core:ComputerEquipment 2024-09-30 SC669817 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC669817 frs-core:ComputerEquipment 2023-09-30 SC669817 frs-core:NetGoodwill 2024-09-30 SC669817 frs-core:NetGoodwill 2023-10-01 2024-09-30 SC669817 frs-core:NetGoodwill 2023-09-30 SC669817 frs-core:ShareCapital 2024-09-30 SC669817 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC669817 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC669817 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC669817 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC669817 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC669817 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC669817 frs-bus:Director1 2023-10-01 2024-09-30 SC669817 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC669817 frs-countries:EnglandWales 2023-10-01 2024-09-30 SC669817 2022-09-30 SC669817 2023-09-30 SC669817 2022-10-01 2023-09-30 SC669817 frs-core:CurrentFinancialInstruments 2023-09-30 SC669817 frs-core:ShareCapital 2023-09-30 SC669817 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC669817
Streat Drycom Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC669817
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 43,502 46,220
Tangible Assets 5 1,192 1,589
44,694 47,809
CURRENT ASSETS
Stocks 6 60,074 13,690
Debtors 7 24,211 22,808
Cash at bank and in hand 6,606 48,840
90,891 85,338
Creditors: Amounts Falling Due Within One Year 8 (36,780 ) (38,393 )
NET CURRENT ASSETS (LIABILITIES) 54,111 46,945
TOTAL ASSETS LESS CURRENT LIABILITIES 98,805 94,754
NET ASSETS 98,805 94,754
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 98,804 94,753
SHAREHOLDERS' FUNDS 98,805 94,754
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For the year ending 30 September 2024 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 Alan Brydon
Director
23/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Streat Drycom Ltd is a private company, limited by shares, incorporated in England & Wales, registered number SC669817 . The registered office is Dovestane, Midshiels, Hawick, Borders, TD9 8RT.
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. 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 20 years.
2.4. 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:
Computer Equipment 25% reducing balance
2.5. 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.
2.6. 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.
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2.7. 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 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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 54,377
As at 30 September 2024 54,377
Amortisation
As at 1 October 2023 8,157
Impairment losses 2,718
As at 30 September 2024 10,875
Net Book Value
As at 30 September 2024 43,502
As at 1 October 2023 46,220
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 2,825
As at 30 September 2024 2,825
...CONTINUED
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Depreciation
As at 1 October 2023 1,236
Provided during the period 397
As at 30 September 2024 1,633
Net Book Value
As at 30 September 2024 1,192
As at 1 October 2023 1,589
6. Stocks
2024 2023
£ £
Stock 60,074 13,690
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,322 8,061
Prepayments and accrued income 1,612 1,330
VAT 6,222 9,131
Amounts owed by group undertakings 1,055 4,286
24,211 22,808
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,142 13,492
Corporation tax (983 ) 9,468
Other creditors 1,996 385
Accruals and deferred income 1,000 950
Amounts owed to group undertakings 30,625 14,098
36,780 38,393
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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10. Related Party Transactions
Garnett Controls LimitedA company in which there are common directors.At the balance sheet date, the amout due to Garnett Controls Limited was £385 (2023: £385).

Garnett Controls Limited

A company in which there are common directors.

At the balance sheet date, the amout due to Garnett Controls Limited was £385 (2023: £385).

Wira Instrumentation LimitedA company with common control.During the year the company was charged expenses of £3,088 relating to premises costs and £29,982 relating to administrative and techincal functions carried out by Wira Instrumentations Limited. At the balance sheet date, the amount due to Wira Instrumentation Limited was £12,659 (2023: due from £4,286).

Wira Instrumentation Limited

A company with common control.

During the year the company was charged expenses of £3,088 relating to premises costs and £29,982 relating to administrative and techincal functions carried out by Wira Instrumentations Limited. At the balance sheet date, the amount due to Wira Instrumentation Limited was £12,659 (2023: due from £4,286).

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