Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC533571 Mr John Watson Mrs Rebecca Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC533571 2024-03-31 SC533571 2025-03-31 SC533571 2024-04-01 2025-03-31 SC533571 frs-core:CurrentFinancialInstruments 2025-03-31 SC533571 frs-core:Non-currentFinancialInstruments 2025-03-31 SC533571 frs-core:BetweenOneFiveYears 2025-03-31 SC533571 frs-core:FurnitureFittings 2025-03-31 SC533571 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC533571 frs-core:FurnitureFittings 2024-03-31 SC533571 frs-core:MotorVehicles 2025-03-31 SC533571 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC533571 frs-core:MotorVehicles 2024-03-31 SC533571 frs-core:WithinOneYear 2025-03-31 SC533571 frs-core:ShareCapital 2025-03-31 SC533571 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC533571 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC533571 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC533571 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC533571 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC533571 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC533571 frs-bus:Director1 2024-04-01 2025-03-31 SC533571 frs-bus:Director1 2024-03-31 SC533571 frs-bus:Director1 2025-03-31 SC533571 frs-bus:Director2 2024-04-01 2025-03-31 SC533571 frs-bus:Director2 2024-03-31 SC533571 frs-bus:Director2 2025-03-31 SC533571 frs-countries:Scotland 2024-04-01 2025-03-31 SC533571 2023-03-31 SC533571 2024-03-31 SC533571 2023-04-01 2024-03-31 SC533571 frs-core:CurrentFinancialInstruments 2024-03-31 SC533571 frs-core:Non-currentFinancialInstruments 2024-03-31 SC533571 frs-core:BetweenOneFiveYears 2024-03-31 SC533571 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC533571 frs-core:WithinOneYear 2024-03-31 SC533571 frs-core:ShareCapital 2024-03-31 SC533571 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC533571
CFO & More Limited
Financial Statements
For The Year Ended 31 March 2025
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC533571
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,528 1,878
38,528 1,878
CURRENT ASSETS
Debtors 5 66,051 52,607
Cash at bank and in hand 81,093 95,237
147,144 147,844
Creditors: Amounts Falling Due Within One Year 6 (73,948 ) (68,559 )
NET CURRENT ASSETS (LIABILITIES) 73,196 79,285
TOTAL ASSETS LESS CURRENT LIABILITIES 111,724 81,163
Creditors: Amounts Falling Due After More Than One Year 7 (30,618 ) (10,000 )
NET ASSETS 81,106 71,163
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 81,096 71,153
SHAREHOLDERS' FUNDS 81,106 71,163
Page 1
Page 2
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 John Watson
Director
9th July 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
CFO & More Limited is a private company, limited by shares, incorporated in Scotland, registered number SC533571 . The registered office is 272 Bath Street, Glasgow, G2 4JR.
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.
2.3. 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:
Motor Vehicles 25% on cost
Equipment 25% on cost
2.4. 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 the profit and loss account as incurred.
2.5. Taxation
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.
2.6. 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: 6 (2024: 5)
6 5
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4. Tangible Assets
Motor Vehicles Equipment Total
£ £ £
Cost
As at 1 April 2024 - 4,107 4,107
Additions 40,642 2,239 42,881
As at 31 March 2025 40,642 6,346 46,988
Depreciation
As at 1 April 2024 - 2,229 2,229
Provided during the period 5,170 1,061 6,231
As at 31 March 2025 5,170 3,290 8,460
Net Book Value
As at 31 March 2025 35,472 3,056 38,528
As at 1 April 2024 - 1,878 1,878
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 35,472 -
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 58,512 48,805
Other debtors 7,539 3,802
66,051 52,607
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,736 -
Trade creditors 5,923 2,796
Bank loans and overdrafts 8,000 8,000
Other creditors 2,938 9,353
Taxation and social security 50,351 48,410
73,948 68,559
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,618 -
Bank loans 2,000 10,000
30,618 10,000
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 35,354 -
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,736 -
Later than one year and not later than five years 28,618 -
35,354 -
35,354 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
11. 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 John Watson 356 - 356 - -
Mrs Rebecca Watson 531 - 531 - -
The above loans were unsecured, interest free and repayable on demand.
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