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 SC644800 Ms K C Lumsden Ms E Conway Mr R D Lumsden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC644800 2023-10-31 SC644800 2024-10-31 SC644800 2023-11-01 2024-10-31 SC644800 frs-core:CurrentFinancialInstruments 2024-10-31 SC644800 frs-core:ComputerEquipment 2024-10-31 SC644800 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC644800 frs-core:ComputerEquipment 2023-10-31 SC644800 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 SC644800 frs-core:FurnitureFittings 2024-10-31 SC644800 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC644800 frs-core:FurnitureFittings 2023-10-31 SC644800 frs-core:MotorVehicles 2024-10-31 SC644800 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC644800 frs-core:MotorVehicles 2023-10-31 SC644800 frs-core:OtherResidualIntangibleAssets 2024-10-31 SC644800 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 SC644800 frs-core:OtherResidualIntangibleAssets 2023-10-31 SC644800 frs-core:PlantMachinery 2024-10-31 SC644800 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC644800 frs-core:PlantMachinery 2023-10-31 SC644800 frs-core:ShareCapital 2024-10-31 SC644800 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC644800 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC644800 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC644800 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC644800 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC644800 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC644800 frs-bus:Director1 2023-11-01 2024-10-31 SC644800 frs-bus:Director2 2023-11-01 2024-10-31 SC644800 frs-bus:Director3 2023-11-01 2024-10-31 SC644800 frs-countries:Scotland 2023-11-01 2024-10-31 SC644800 2022-10-31 SC644800 2023-10-31 SC644800 2022-11-01 2023-10-31 SC644800 frs-core:CurrentFinancialInstruments 2023-10-31 SC644800 frs-core:ShareCapital 2023-10-31 SC644800 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC644800
Lumsden Consultancy Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Lumsden Consultancy Limited for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Lumsden Consultancy Limited for the year ended 31 October 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.
As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the directors of Lumsden Consultancy Limited , as a body, in accordance with the terms of our engagement letter dated 12 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Lumsden Consultancy Limited and state those matters that we have agreed to state to the directors of Lumsden Consultancy Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lumsden Consultancy Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Lumsden Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Lumsden Consultancy Limited . You consider that Lumsden Consultancy Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lumsden Consultancy Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Signed
11 July 2025
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Page 1
Page 2
Balance Sheet
Registered number: SC644800
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 540 630
Tangible Assets 5 70,443 83,978
70,983 84,608
CURRENT ASSETS
Debtors 6 10,506 30,333
Cash at bank and in hand 125,529 110,056
136,035 140,389
Creditors: Amounts Falling Due Within One Year 7 (4,526 ) (5,662 )
NET CURRENT ASSETS (LIABILITIES) 131,509 134,727
TOTAL ASSETS LESS CURRENT LIABILITIES 202,492 219,335
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,682 ) (12,019 )
NET ASSETS 189,810 207,316
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 189,710 207,216
SHAREHOLDERS' FUNDS 189,810 207,316
Page 2
Page 3
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 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 R D Lumsden
Director
11 July 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Lumsden Consultancy Limited is a private company, limited by shares, incorporated in Scotland, registered number SC644800 . The registered office is Glen Drummond Limited Argyll House, Quarrywood Court, Livingston, West Lothian, EH54 6AX.
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 directors have 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. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are goodwill. It is amortised to the profit and loss account over its estimated economic life of 10 years.
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
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.6. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual 
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract 
that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares 
are issued, any component that creates a financial liability of the company is presented as a liability in the 
balance sheet. The corresponding dividends relating to the liability component are charged as interest expense 
in the profit and loss account.
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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
Other
£
Cost
As at 1 November 2023 900
As at 31 October 2024 900
Amortisation
As at 1 November 2023 270
Provided during the period 90
As at 31 October 2024 360
Net Book Value
As at 31 October 2024 540
As at 1 November 2023 630
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 3,700 98,904 1,382 21,230 125,216
Additions - - - 5,774 5,774
As at 31 October 2024 3,700 98,904 1,382 27,004 130,990
Depreciation
As at 1 November 2023 740 31,410 276 8,812 41,238
Provided during the period 740 13,499 277 4,793 19,309
As at 31 October 2024 1,480 44,909 553 13,605 60,547
...CONTINUED
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Net Book Value
As at 31 October 2024 2,220 53,995 829 13,399 70,443
As at 1 November 2023 2,960 67,494 1,106 12,418 83,978
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,144 30,333
Other debtors 362 -
10,506 30,333
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 7 10
Taxation and social security 4,519 5,652
4,526 5,662
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 14,000 3,500
10. Related Party Transactions
The company operates a loan account with the director, Mr R Lumsden.
During the year, the company repaid loans totalling £3 to the director. At the year end, the balance due to the director was £7 (2023: £10). This loan is unsecured, interest free and has no fixed repayment terms.
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