Acorah Software Products - Accounts Production 16.3.350 false true true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 SC620788 Mr J Reid Mr J A Reid true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC620788 2024-02-29 SC620788 2025-02-28 SC620788 2024-03-01 2025-02-28 SC620788 frs-core:CurrentFinancialInstruments 2025-02-28 SC620788 frs-core:ComputerEquipment 2025-02-28 SC620788 frs-core:ComputerEquipment 2024-03-01 2025-02-28 SC620788 frs-core:ComputerEquipment 2024-02-29 SC620788 frs-core:ShareCapital 2025-02-28 SC620788 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC620788 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC620788 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 SC620788 frs-bus:SmallEntities 2024-03-01 2025-02-28 SC620788 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC620788 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC620788 1 2024-03-01 2025-02-28 SC620788 frs-bus:Director1 2024-03-01 2025-02-28 SC620788 frs-bus:Director1 2024-02-29 SC620788 frs-bus:Director1 2025-02-28 SC620788 frs-countries:Scotland 2024-03-01 2025-02-28 SC620788 2023-02-28 SC620788 2024-02-29 SC620788 2023-03-01 2024-02-29 SC620788 frs-core:CurrentFinancialInstruments 2024-02-29 SC620788 frs-core:ShareCapital 2024-02-29 SC620788 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: SC620788
Hayreid Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Nuvo Scotland Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC620788
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 4,020 10,906
Cash at bank and in hand 895 659
4,915 11,565
Creditors: Amounts Falling Due Within One Year 6 (61,119 ) (47,071 )
NET CURRENT ASSETS (LIABILITIES) (56,204 ) (35,506 )
TOTAL ASSETS LESS CURRENT LIABILITIES (56,204 ) (35,506 )
NET LIABILITIES (56,204 ) (35,506 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (56,304 ) (35,606 )
SHAREHOLDERS' FUNDS (56,204) (35,506)
For the year ending 28 February 2025 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 J Reid
Director
8 July 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hayreid Limited is a private company, limited by shares, incorporated in Scotland, registered number SC620788 . The registered office is Ardneidly, Monymusk, Inverurie, Aberdeenshire, AB51 7HX.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis on confirmation from the director that the
company will continue to trade for a period of no less than 12 months from the date of this report.
The director acknowledges the negative balance sheet position and has given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available.
2.3. 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.
2.4. 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 33% on cost
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.
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.
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.
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: 1 (2024: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2024 2,774
As at 28 February 2025 2,774
Depreciation
As at 1 March 2024 2,774
As at 28 February 2025 2,774
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,020 10,906
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 309 577
Other taxes and social security 1,159 1,170
VAT 1,226 3,689
Other creditors 481 467
Accruals and deferred income 875 875
Director's loan account 57,069 40,293
61,119 47,071
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7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr John Reid (40,293 ) (15,777 ) - - (56,069 )
The above loan has no fixed repayment terms and interest is charged on amounts owed by the company at 1.78%. 
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr J A Reid by virtue of his ownership of 100% of the issued share capital in the company.
Page 4