Acorah Software Products - Accounts Production 16.4.680 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC238514 Alan Bannerman Alistair Bones Alan Bannerman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC238514 2023-12-31 SC238514 2024-12-31 SC238514 2024-01-01 2024-12-31 SC238514 frs-core:CurrentFinancialInstruments 2024-12-31 SC238514 frs-core:Non-currentFinancialInstruments 2024-12-31 SC238514 frs-core:BetweenOneFiveYears 2024-12-31 SC238514 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC238514 frs-core:MotorVehicles 2024-12-31 SC238514 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC238514 frs-core:MotorVehicles 2023-12-31 SC238514 frs-core:PlantMachinery 2024-12-31 SC238514 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC238514 frs-core:PlantMachinery 2023-12-31 SC238514 frs-core:WithinOneYear 2024-12-31 SC238514 frs-core:ShareCapital 2024-12-31 SC238514 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC238514 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC238514 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC238514 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC238514 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC238514 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC238514 frs-bus:Director1 2024-01-01 2024-12-31 SC238514 frs-bus:Director2 2024-01-01 2024-12-31 SC238514 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC238514 1 2024-01-01 2024-12-31 SC238514 frs-countries:Scotland 2024-01-01 2024-12-31 SC238514 2022-12-31 SC238514 2023-12-31 SC238514 2023-01-01 2023-12-31 SC238514 frs-core:CurrentFinancialInstruments 2023-12-31 SC238514 frs-core:Non-currentFinancialInstruments 2023-12-31 SC238514 frs-core:BetweenOneFiveYears 2023-12-31 SC238514 frs-core:WithinOneYear 2023-12-31 SC238514 frs-core:ShareCapital 2023-12-31 SC238514 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC238514 1 2023-01-01 2023-12-31
Registered number: SC238514
A.B. Specialist Hose Supplies Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC238514
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72,672 47,915
72,672 47,915
CURRENT ASSETS
Stocks 5 8,000 8,700
Debtors 6 247,896 187,317
Cash at bank and in hand 221,354 254,641
477,250 450,658
Creditors: Amounts Falling Due Within One Year 7 (244,965 ) (300,202 )
NET CURRENT ASSETS (LIABILITIES) 232,285 150,456
TOTAL ASSETS LESS CURRENT LIABILITIES 304,957 198,371
Creditors: Amounts Falling Due After More Than One Year 8 (41,649 ) (6,012 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,168 ) (11,979 )
NET ASSETS 245,140 180,380
CAPITAL AND RESERVES
Called up share capital 10 2 2
Income Statement 245,138 180,378
SHAREHOLDERS' FUNDS 245,140 180,380
Page 1
Page 2
For the year ending 31 December 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 Income Statement.
On behalf of the board
Alan Bannerman
Director
30th July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A.B. Specialist Hose Supplies Limited is a private company, limited by shares, incorporated in Scotland, registered number SC238514 . The registered office is 13 Teal Court, Strathclyde Business Park, Bellshill, ML4 3NN.
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.
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.

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 Cost
Motor Vehicles 25% on Cost
Computer Equipment 25% 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 income statement 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 the income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 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
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 2
Directors 2 2
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 1,014 94,814 95,828
Additions - 84,695 84,695
Disposals - (59,227 ) (59,227 )
As at 31 December 2024 1,014 120,282 121,296
Depreciation
As at 1 January 2024 507 47,406 47,913
Provided during the period 254 44,876 45,130
Disposals - (44,419 ) (44,419 )
As at 31 December 2024 761 47,863 48,624
Net Book Value
As at 31 December 2024 253 72,419 72,672
As at 1 January 2024 507 47,408 47,915
5. Stocks
2024 2023
£ £
Stock 8,000 8,700
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 246,744 167,614
Directors' loan accounts 1,152 19,703
247,896 187,317
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,883 9,120
Trade creditors 186,987 231,591
Corporation tax 28,714 36,579
Other taxes and social security 1,274 1,116
VAT 946 20,496
Accruals and deferred income 4,314 1,300
Directors' loan accounts 8,847 -
244,965 300,202
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,649 6,012
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,883 9,120
Later than one year and not later than five years 41,649 6,012
55,532 15,132
55,532 15,132
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5