Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 SC470925 Mrs Shirley Paterson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC470925 2024-02-29 SC470925 2025-02-28 SC470925 2024-03-01 2025-02-28 SC470925 frs-core:CurrentFinancialInstruments 2025-02-28 SC470925 frs-core:Non-currentFinancialInstruments 2025-02-28 SC470925 frs-core:MotorVehicles 2025-02-28 SC470925 frs-core:MotorVehicles 2024-03-01 2025-02-28 SC470925 frs-core:MotorVehicles 2024-02-29 SC470925 frs-core:ShareCapital 2025-02-28 SC470925 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC470925 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC470925 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 SC470925 frs-bus:SmallEntities 2024-03-01 2025-02-28 SC470925 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC470925 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC470925 frs-bus:Director1 2024-03-01 2025-02-28 SC470925 frs-countries:Scotland 2024-03-01 2025-02-28 SC470925 2023-02-28 SC470925 2024-02-29 SC470925 2023-03-01 2024-02-29 SC470925 frs-core:CurrentFinancialInstruments 2024-02-29 SC470925 frs-core:Non-currentFinancialInstruments 2024-02-29 SC470925 frs-core:ShareCapital 2024-02-29 SC470925 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: SC470925
Paterson Accountancy Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Paterson Accountancy Ltd
29 Academy Place
Bathgate
EH48 1AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC470925
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,207 141,207
141,207 141,207
CURRENT ASSETS
Debtors 5 72,920 72,920
Cash at bank and in hand 76,736 70,278
149,656 143,198
Creditors: Amounts Falling Due Within One Year 6 418 418
NET CURRENT ASSETS (LIABILITIES) 150,074 143,616
TOTAL ASSETS LESS CURRENT LIABILITIES 291,281 284,823
Creditors: Amounts Falling Due After More Than One Year 7 (43,453 ) (51,763 )
NET ASSETS 247,828 233,060
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 247,827 233,059
SHAREHOLDERS' FUNDS 247,828 233,060
Page 1
Page 2
For the year ending 28 February 2025 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 director acknowledges her 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.
The financial statements were approved by the board of directors on 4 August 2025 and were signed on its behalf by:
Mrs Shirley Paterson
Director
04/08/2025
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
Paterson Accountancy Limited is a private company, limited by shares, incorporated in Scotland, registered number SC470925 . The registered office is 29 Academy Place, Bathgate, EH48 1AS.
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. 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:
Motor Vehicles 18% Reducing
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 the profit and loss account as incurred.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 2
Sales, marketing and distribution 1 1
2 3
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 March 2024 141,207
As at 28 February 2025 141,207
Net Book Value
As at 28 February 2025 141,207
As at 1 March 2024 141,207
5. Debtors
2025 2024
£ £
Due within one year
Director's loan account 72,919 72,919
Called up share capital not paid 1 1
72,920 72,920
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts (418 ) (418 )
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 43,453 51,763
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Less: Finance charges allocated to future periods 418 418
9. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
Page 5