Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC610099 Mr P Emmerson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC610099 2023-10-31 SC610099 2024-10-31 SC610099 2023-11-01 2024-10-31 SC610099 frs-core:CurrentFinancialInstruments 2024-10-31 SC610099 frs-core:Non-currentFinancialInstruments 2024-10-31 SC610099 frs-core:BetweenOneFiveYears 2024-10-31 SC610099 frs-core:ComputerEquipment 2024-10-31 SC610099 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC610099 frs-core:ComputerEquipment 2023-10-31 SC610099 frs-core:FurnitureFittings 2024-10-31 SC610099 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC610099 frs-core:FurnitureFittings 2023-10-31 SC610099 frs-core:MotorVehicles 2024-10-31 SC610099 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC610099 frs-core:MotorVehicles 2023-10-31 SC610099 frs-core:PlantMachinery 2024-10-31 SC610099 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC610099 frs-core:PlantMachinery 2023-10-31 SC610099 frs-core:WithinOneYear 2024-10-31 SC610099 frs-core:ShareCapital 2024-10-31 SC610099 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC610099 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC610099 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC610099 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC610099 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC610099 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC610099 frs-core:DeferredTaxation 2023-11-01 2024-10-31 SC610099 frs-core:DeferredTaxation 2024-10-31 SC610099 frs-bus:Director1 2023-11-01 2024-10-31 SC610099 frs-bus:Director1 2023-10-31 SC610099 frs-bus:Director1 2024-10-31 SC610099 frs-countries:Scotland 2023-11-01 2024-10-31 SC610099 2022-10-31 SC610099 2023-10-31 SC610099 2022-11-01 2023-10-31 SC610099 frs-core:CurrentFinancialInstruments 2023-10-31 SC610099 frs-core:Non-currentFinancialInstruments 2023-10-31 SC610099 frs-core:BetweenOneFiveYears 2023-10-31 SC610099 frs-core:MotorVehicles 2022-11-01 2023-10-31 SC610099 frs-core:WithinOneYear 2023-10-31 SC610099 frs-core:ShareCapital 2023-10-31 SC610099 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC610099
The Renewable Technology Collective Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Nuvo Scotland Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of The Renewable Technology Collective Ltd for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Renewable Technology Collective Ltd 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 director of The Renewable Technology Collective Ltd , 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 The Renewable Technology Collective Ltd and state those matters that we have agreed to state to the director of The Renewable Technology Collective Ltd , 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 The Renewable Technology Collective Ltd and its director as a body for our work or for this report.
It is your duty to ensure that The Renewable Technology Collective Ltd 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 The Renewable Technology Collective Ltd . You consider that The Renewable Technology Collective Ltd 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 The Renewable Technology Collective Ltd . 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.
23 July 2025
Nuvo Scotland Limited
Inverurie Business Hub
Unit 1, Offices 1 & 8
Blackhall Industrial Estate
Inverurie
AB51 4FS
Page 1
Page 2
Balance Sheet
Registered number: SC610099
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,240 628
20,240 628
CURRENT ASSETS
Debtors 5 35,636 1,739
Cash at bank and in hand 1,262 -
36,898 1,739
Creditors: Amounts Falling Due Within One Year 6 (41,519 ) (6,307 )
NET CURRENT ASSETS (LIABILITIES) (4,621 ) (4,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,619 (3,940 )
Creditors: Amounts Falling Due After More Than One Year 7 (9,910 ) (1,799 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,060 ) -
NET ASSETS/(LIABILITIES) 649 (5,739 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 648 (5,740 )
SHAREHOLDERS' FUNDS 649 (5,739)
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 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
Mr P Emmerson
Director
23 July 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Renewable Technology Collective Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC610099 . The registered office is Cowieshill Farmhouse, Laurencekirk, AB30 1BX.
The presentation currency of the financial statements is the Pound Sterling (£).
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.
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.
2.3. 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 25% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 33% 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 profit and loss account as incurred.
2.5. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price. 
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method. 
Financial liabilities are derecognised when the company's contractual obligations are discharged.
...CONTINUED
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2.5. Financial Instruments - continued
Equity instruments 
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
2.6. 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.
2.7. 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: 2 (2023: NIL)
2 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 - - - 1,899 1,899
Additions 6,187 15,950 1,908 - 24,045
As at 31 October 2024 6,187 15,950 1,908 1,899 25,944
Depreciation
As at 1 November 2023 - - - 1,271 1,271
Provided during the period 902 2,658 245 628 4,433
As at 31 October 2024 902 2,658 245 1,899 5,704
Net Book Value
As at 31 October 2024 5,285 13,292 1,663 - 20,240
As at 1 November 2023 - - - 628 628
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 13,292 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,733 -
Prepayments and accrued income 581 -
Other debtors 58 1,716
VAT 6,468 -
Director's loan account 11,796 23
35,636 1,739
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,063 -
Trade creditors 30,217 -
Bank loans and overdrafts 1,126 1,115
Corporation tax 3,056 4,472
Other taxes and social security 3,771 -
Other creditors 176 -
Accruals and deferred income 1,110 720
41,519 6,307
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,219 -
Bank loans 691 1,799
9,910 1,799
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,063 -
Later than one year and not later than five years 9,219 -
11,282 -
11,282 -
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9. Provisions for Liabilities
Deferred Tax Total
£ £
Additions 5,060 5,060
Balance at 31 October 2024 5,060 5,060
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Peter Emmerson 23 48,653 (35,880 ) - 11,796
The above loan is interest free and has no fixed repayment terms.
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