Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC483355 Mr John MacColl Mr Shahid Latif Mr Rory Gowans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC483355 2023-10-31 SC483355 2024-10-31 SC483355 2023-11-01 2024-10-31 SC483355 frs-core:CurrentFinancialInstruments 2024-10-31 SC483355 frs-core:Non-currentFinancialInstruments 2024-10-31 SC483355 frs-core:FurnitureFittings 2024-10-31 SC483355 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC483355 frs-core:FurnitureFittings 2023-10-31 SC483355 frs-core:NetGoodwill 2024-10-31 SC483355 frs-core:NetGoodwill 2023-11-01 2024-10-31 SC483355 frs-core:NetGoodwill 2023-10-31 SC483355 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 SC483355 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 SC483355 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 SC483355 frs-core:MoreThanFiveYears 2024-10-31 SC483355 frs-core:MotorVehicles 2024-10-31 SC483355 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC483355 frs-core:MotorVehicles 2023-10-31 SC483355 frs-core:PlantMachinery 2024-10-31 SC483355 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC483355 frs-core:PlantMachinery 2023-10-31 SC483355 frs-core:ShareCapital 2024-10-31 SC483355 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC483355 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC483355 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC483355 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC483355 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC483355 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC483355 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-10-31 SC483355 frs-bus:Director1 2023-11-01 2024-10-31 SC483355 frs-bus:Director1 2023-10-31 SC483355 frs-bus:Director1 2024-10-31 SC483355 frs-bus:Director2 2023-11-01 2024-10-31 SC483355 frs-bus:Director3 2023-11-01 2024-10-31 SC483355 frs-core:CurrentFinancialInstruments 1 2024-10-31 SC483355 frs-countries:Scotland 2023-11-01 2024-10-31 SC483355 2022-10-31 SC483355 2023-10-31 SC483355 2022-11-01 2023-10-31 SC483355 frs-core:CurrentFinancialInstruments 2023-10-31 SC483355 frs-core:Non-currentFinancialInstruments 2023-10-31 SC483355 frs-core:MoreThanFiveYears 2023-10-31 SC483355 frs-core:ShareCapital 2023-10-31 SC483355 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC483355 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-10-31 SC483355 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: SC483355
Craig Wood Solicitors 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: SC483355
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 65,067 77,640
65,067 77,640
CURRENT ASSETS
Debtors 6 706,048 798,985
Cash at bank and in hand 846,018 474,645
1,552,066 1,273,630
Creditors: Amounts Falling Due Within One Year 7 (609,421 ) (536,689 )
NET CURRENT ASSETS (LIABILITIES) 942,645 736,941
TOTAL ASSETS LESS CURRENT LIABILITIES 1,007,712 814,581
Creditors: Amounts Falling Due After More Than One Year 8 (20,653 ) (40,718 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (15,982 ) (19,145 )
NET ASSETS 971,077 754,718
CAPITAL AND RESERVES
Called up share capital 10 401 401
Profit and Loss Account 970,676 754,317
SHAREHOLDERS' FUNDS 971,077 754,718
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 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 John MacColl
Director
28/07/2025
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
Craig Wood Solicitors Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC483355 . The registered office is 23 Academy Street, Inverness, IV1 1JN.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Leasehold 10% reducing balance
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. Financial Instruments
The company only has basic financial instruments.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 3
Page 4
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 12 (2023: 10)
12 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 6,000
As at 31 October 2024 6,000
Amortisation
As at 1 November 2023 6,000
As at 31 October 2024 6,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 November 2023 5,418 55,213 96,500 16,774 173,905
Additions - 5,608 - 435 6,043
As at 31 October 2024 5,418 60,821 96,500 17,209 179,948
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 November 2023 2,547 32,217 48,553 12,948 96,265
Provided during the period 288 5,488 11,984 856 18,616
As at 31 October 2024 2,835 37,705 60,537 13,804 114,881
Net Book Value
As at 31 October 2024 2,583 23,116 35,963 3,405 65,067
As at 1 November 2023 2,871 22,996 47,947 3,826 77,640
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 393,331 565,630
Prepayments and accrued income 165,377 98,555
Other debtors 1,500 1,500
Loan to Lawnmarket 133,300 133,300
Directors' loan accounts 12,540 -
706,048 798,985
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 330,743 315,323
Bank loans and overdrafts 19,324 18,760
Corporation tax 142,871 113,582
Other taxes and social security 6,333 6,134
VAT 46,858 27,475
Other creditors 1,166 1,029
Accruals and deferred income 41,172 34,140
Directors' loan accounts 20,954 20,246
609,421 536,689
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,653 40,718
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 15,982 19,145
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 401 401
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Later than five years 256,000 283,334
256,000 283,334
12. 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 John MacColl - 12,540 - - 12,540
The above loan is unsecured, interest free and has been repaid within 9 months of the year-end.
13. Related Party Transactions
Craig Wood Solicitors Ltd & Lawnmarket Ltd are associated through virtue of common control.
At 31st October 2024 the amount owed by Lawnmarket Ltd to Craig Wood Solicitors Ltd was £133,300 (2023: £133,300). This balance is non-interest bearing and is repayable on demand.
Page 6