Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC382060 Mr J Hutcheson Mrs H Hutcheson LC Secretaries Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC382060 2023-08-31 SC382060 2024-08-31 SC382060 2023-09-01 2024-08-31 SC382060 frs-core:CurrentFinancialInstruments 2024-08-31 SC382060 frs-core:Non-currentFinancialInstruments 2024-08-31 SC382060 frs-core:ComputerEquipment 2024-08-31 SC382060 frs-core:ComputerEquipment 2023-09-01 2024-08-31 SC382060 frs-core:ComputerEquipment 2023-08-31 SC382060 frs-core:FurnitureFittings 2024-08-31 SC382060 frs-core:FurnitureFittings 2023-09-01 2024-08-31 SC382060 frs-core:FurnitureFittings 2023-08-31 SC382060 frs-core:NetGoodwill 2024-08-31 SC382060 frs-core:NetGoodwill 2023-09-01 2024-08-31 SC382060 frs-core:NetGoodwill 2023-08-31 SC382060 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC382060 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC382060 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SC382060 frs-core:PlantMachinery 2024-08-31 SC382060 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC382060 frs-core:PlantMachinery 2023-08-31 SC382060 frs-core:ShareCapital 2024-08-31 SC382060 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC382060 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC382060 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC382060 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC382060 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC382060 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC382060 1 2023-09-01 2024-08-31 SC382060 frs-core:DeferredTaxation 2023-09-01 2024-08-31 SC382060 frs-core:DeferredTaxation 2023-08-31 SC382060 frs-core:DeferredTaxation 2024-08-31 SC382060 frs-bus:Director1 2023-09-01 2024-08-31 SC382060 frs-bus:Director1 2023-08-31 SC382060 frs-bus:Director1 2024-08-31 SC382060 frs-bus:Director2 2023-09-01 2024-08-31 SC382060 frs-bus:Director2 2023-08-31 SC382060 frs-bus:Director2 2024-08-31 SC382060 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 SC382060 frs-countries:Scotland 2023-09-01 2024-08-31 SC382060 2022-08-31 SC382060 2023-08-31 SC382060 2022-09-01 2023-08-31 SC382060 frs-core:CurrentFinancialInstruments 2023-08-31 SC382060 frs-core:Non-currentFinancialInstruments 2023-08-31 SC382060 frs-core:ShareCapital 2023-08-31 SC382060 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC382060
John Hutcheson Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Nuvo Scotland Limited
Unaudited Financial Statements
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Mr J Hutcheson
Mrs H Hutcheson
Secretary LC Secretaries Limited
Company Number SC382060
Registered Office 230 Rosemount Place
Rosemount
Aberdeen
AB25 2XT
Accountants Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
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Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of John Hutcheson Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of John Hutcheson Limited 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 us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of John Hutcheson Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of John Hutcheson Limited and state those matters that we have agreed to state to the directors of John Hutcheson Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Hutcheson Limited and its directors as a body for our work or for this report.
It is your duty to ensure that John Hutcheson 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 John Hutcheson Limited . You consider that John Hutcheson 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 John Hutcheson 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 financial statements.
Signed
17 July 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
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Page 3
Balance Sheet
Registered number: SC382060
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,455 4,463
7,455 4,463
CURRENT ASSETS
Stocks 5 2,500 2,500
Debtors 6 145,578 101,511
Cash at bank and in hand 21,203 21,542
169,281 125,553
Creditors: Amounts Falling Due Within One Year 7 (158,259 ) (103,778 )
NET CURRENT ASSETS (LIABILITIES) 11,022 21,775
TOTAL ASSETS LESS CURRENT LIABILITIES 18,477 26,238
Creditors: Amounts Falling Due After More Than One Year 8 (9,940 ) (20,993 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,447 ) (607 )
NET ASSETS 7,090 4,638
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 6,990 4,538
SHAREHOLDERS' FUNDS 7,090 4,638
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For the year ending 31 August 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 J Hutcheson
Director
17 July 2025
The notes on pages 5 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.
1.4. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
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:
Improvements to property 25% on cost
Dental Equipment 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33% on reducing balance
1.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.6. 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
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.
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1.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 6 (2023: 6)
6 6
3. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 544,000
As at 31 August 2024 544,000
Amortisation
As at 1 September 2023 544,000
As at 31 August 2024 544,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
4. Tangible Assets
Land & Property
Improvements to property Dental Equipment Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 14,590 74,735 4,409 18,100 111,834
Additions - 3,816 - 1,221 5,037
Disposals - (720 ) - - (720 )
As at 31 August 2024 14,590 77,831 4,409 19,321 116,151
Depreciation
As at 1 September 2023 14,590 73,114 3,683 15,984 107,371
Provided during the period - 262 276 799 1,337
Disposals - (12 ) - - (12 )
As at 31 August 2024 14,590 73,364 3,959 16,783 108,696
Net Book Value
As at 31 August 2024 - 4,467 450 2,538 7,455
As at 1 September 2023 - 1,621 726 2,116 4,463
5. Stocks
2024 2023
£ £
Stock 2,500 2,500
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,358 -
Prepayments and accrued income 15,201 15,565
Other debtors 41,805 31,946
Directors' loan accounts 83,214 54,000
145,578 101,511
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,301
Bank loans and overdrafts 11,095 12,494
Corporation tax 117,400 66,792
Other taxes and social security 23,261 9,902
Other creditors 3,365 4,705
Accruals and deferred income 3,138 7,584
158,259 103,778
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,940 20,993
9,940 20,993
9. Provisions for Liabilities
Deferred Tax
£
As at 1 September 2023 607
Additions 840
Balance at 31 August 2024 1,447
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr John Hutcheson 27,000 171,274 (156,667 ) - 41,607
Mrs Helen Hutcheson 27,000 79,182 (64,575 ) - 41,607
The loans are unsecured and there are no repayment terms.
Interest was charged at a rate of 2% per annum.
11. Ultimate Controlling Party
The controlling party is Mr J P S Hutcheson BDS.
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12. General Information
John Hutcheson Limited is a private company, limited by shares, incorporated in Scotland, registered number SC382060 . The registered office is 230 Rosemount Place, Rosemount, Aberdeen, AB25 2XT.
The presentation currency of the financial statements is the Pound Sterling (£).
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