Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC624142 Anueta Laing iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC624142 2023-03-31 SC624142 2024-03-31 SC624142 2023-04-01 2024-03-31 SC624142 frs-core:CurrentFinancialInstruments 2024-03-31 SC624142 frs-core:Non-currentFinancialInstruments 2024-03-31 SC624142 frs-core:FurnitureFittings 2024-03-31 SC624142 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC624142 frs-core:FurnitureFittings 2023-03-31 SC624142 frs-core:PlantMachinery 2024-03-31 SC624142 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC624142 frs-core:PlantMachinery 2023-03-31 SC624142 frs-core:ShareCapital 2024-03-31 SC624142 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC624142 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC624142 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC624142 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC624142 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC624142 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC624142 frs-bus:Director1 2023-04-01 2024-03-31 SC624142 frs-countries:Scotland 2023-04-01 2024-03-31 SC624142 2022-03-31 SC624142 2023-03-31 SC624142 2022-04-01 2023-03-31 SC624142 frs-core:CurrentFinancialInstruments 2023-03-31 SC624142 frs-core:Non-currentFinancialInstruments 2023-03-31 SC624142 frs-core:ShareCapital 2023-03-31 SC624142 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC624142
Padano Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC624142
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,417 60,551
44,417 60,551
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 - 35,940
Cash at bank and in hand 1,066 7,635
6,066 48,575
Creditors: Amounts Falling Due Within One Year 7 (109,484 ) (69,385 )
NET CURRENT ASSETS (LIABILITIES) (103,418 ) (20,810 )
TOTAL ASSETS LESS CURRENT LIABILITIES (59,001 ) 39,741
Creditors: Amounts Falling Due After More Than One Year 8 (70,360 ) (96,581 )
NET LIABILITIES (129,361 ) (56,840 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (129,362 ) (56,841 )
SHAREHOLDERS' FUNDS (129,361) (56,840)
Page 1
Page 2
For the year ending 31 March 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 her 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
Anueta Laing
Director
19/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Padano Limited is a private company, limited by shares, incorporated in Scotland, registered number SC624142 . The registered office is 4 Glenside Drive, Rutherglen, Glasgow, G73 3LL.
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.
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:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 5 years straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 22)
9 22
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 18,000 73,518 91,518
As at 31 March 2024 18,000 73,518 91,518
Depreciation
As at 1 April 2023 8,463 22,504 30,967
Provided during the period 1,431 14,703 16,134
As at 31 March 2024 9,894 37,207 47,101
Net Book Value
As at 31 March 2024 8,106 36,311 44,417
As at 1 April 2023 9,537 51,014 60,551
5. Stocks
2024 2023
£ £
Finished goods 5,000 5,000
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Due after more than one year
Amounts owed by associates - 35,940
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,994 11,433
Bank loans and overdrafts 5,951 5,951
Other loans 44,162 31,460
Corporation tax (93 ) 2,720
Other taxes and social security 5,389 1,416
VAT 24,796 10,280
Net wages 1,880 -
Director's loan account 10,405 6,125
109,484 69,385
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,476 36,790
Other loans 37,884 59,791
70,360 96,581
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4