Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC488859 K Greig-Kicks G Greig-Kicks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC488859 2023-10-31 SC488859 2024-10-31 SC488859 2023-11-01 2024-10-31 SC488859 frs-core:CurrentFinancialInstruments 2024-10-31 SC488859 frs-core:Non-currentFinancialInstruments 2024-10-31 SC488859 frs-core:BetweenOneFiveYears 2024-10-31 SC488859 frs-core:ComputerEquipment 2024-10-31 SC488859 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC488859 frs-core:ComputerEquipment 2023-10-31 SC488859 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 SC488859 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 SC488859 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 SC488859 frs-core:PlantMachinery 2024-10-31 SC488859 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC488859 frs-core:PlantMachinery 2023-10-31 SC488859 frs-core:WithinOneYear 2024-10-31 SC488859 frs-core:ShareCapital 2024-10-31 SC488859 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC488859 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC488859 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC488859 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC488859 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC488859 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC488859 frs-core:CostValuation 2023-10-31 SC488859 frs-core:CostValuation 2024-10-31 SC488859 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 SC488859 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-10-31 SC488859 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 SC488859 frs-bus:Director1 2023-11-01 2024-10-31 SC488859 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 SC488859 frs-countries:Scotland 2023-11-01 2024-10-31 SC488859 2022-10-31 SC488859 2023-10-31 SC488859 2022-11-01 2023-10-31 SC488859 frs-core:CurrentFinancialInstruments 2023-10-31 SC488859 frs-core:Non-currentFinancialInstruments 2023-10-31 SC488859 frs-core:BetweenOneFiveYears 2023-10-31 SC488859 frs-core:WithinOneYear 2023-10-31 SC488859 frs-core:ShareCapital 2023-10-31 SC488859 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC488859
Neoneight Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC488859
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 43,200
Tangible Assets 5 16,736 21,835
Investments 6 - 1,851
16,736 66,886
CURRENT ASSETS
Debtors 7 2,730 2,250
2,730 2,250
Creditors: Amounts Falling Due Within One Year 8 (62,588 ) (49,704 )
NET CURRENT ASSETS (LIABILITIES) (59,858 ) (47,454 )
TOTAL ASSETS LESS CURRENT LIABILITIES (43,122 ) 19,432
Creditors: Amounts Falling Due After More Than One Year 9 (7,187 ) (19,414 )
NET (LIABILITIES)/ASSETS (50,309 ) 18
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account (50,310 ) 17
SHAREHOLDERS' FUNDS (50,309) 18
Page 1
Page 2
For the year ending 31 October 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
K Greig-Kicks
Director
30/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Neoneight Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC488859 . The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.
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 the going concern principle, which assumes that the company will continue to trade for the foreseeable future. In order to do so the company will require the continued support of the director. The director has indicated that he will continue to support the company. There has also been a significant increase in turnover since the year end and on this basis the director considers that it is appropriate to prepare the financial statements on the going concern basis.
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. 
2.4. Research and Development
Other intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are capitalised where it is probable that the expected future econmic benefits that are attributable to the asset will flow to the entity and the cost or value of the asset can be valued reliably.
Development assets are amortised over their estimated useful economic life of 10 years once the related asset has been brought into use.
2.5. 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 20% on cost
Computer Equipment 33.33% on cost
2.6. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charge to profit or loss on a straight line basis over the period of the lease.
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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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.
2.8. Fixed asset investments
Investments in jointly controlled entities are recognised at cost less any accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Development Costs
£
Cost
As at 1 November 2023 48,000
As at 31 October 2024 48,000
Amortisation
As at 1 November 2023 4,800
Provided during the period 4,800
Impairment losses 38,400
As at 31 October 2024 48,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 43,200
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 28,303 17,425 45,728
Additions 1,350 3,709 5,059
Disposals (7,877 ) - (7,877 )
As at 31 October 2024 21,776 21,134 42,910
Depreciation
As at 1 November 2023 12,868 11,025 23,893
Provided during the period 3,961 3,044 7,005
Disposals (4,724 ) - (4,724 )
As at 31 October 2024 12,105 14,069 26,174
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 October 2024 9,671 7,065 16,736
As at 1 November 2023 15,435 6,400 21,835
6. Investments
Joint Ventures
£
Cost
As at 1 November 2023 1,851
As at 31 October 2024 1,851
Provision
As at 1 November 2023 -
Impairment losses 1,851
As at 31 October 2024 1,851
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 1,851
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,400 2,250
Other debtors 330 -
2,730 2,250
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 989 989
Trade creditors 2,576 3,180
Bank loans and overdrafts 6,170 3,927
Other loans 9,236 9,236
Other creditors 41,145 31,804
Taxation and social security 2,472 568
62,588 49,704
Included within Other creditors is a balance due to the director of £40,445 (2023 - £31,104).
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Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,045 2,035
Bank loans 3,166 5,167
Other loans 2,976 12,212
7,187 19,414
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 989 989
Later than one year and not later than five years 1,045 2,035
2,034 3,024
2,034 3,024
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