Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC370675 Mr G Black Mr F Angus Mr A Steel Mrs K Black iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC370675 2024-03-31 SC370675 2025-03-31 SC370675 2024-04-01 2025-03-31 SC370675 frs-core:CurrentFinancialInstruments 2025-03-31 SC370675 frs-core:Non-currentFinancialInstruments 2025-03-31 SC370675 frs-core:ComputerEquipment 2025-03-31 SC370675 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC370675 frs-core:ComputerEquipment 2024-03-31 SC370675 frs-core:FurnitureFittings 2025-03-31 SC370675 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC370675 frs-core:FurnitureFittings 2024-03-31 SC370675 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 SC370675 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC370675 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC370675 frs-core:MotorVehicles 2025-03-31 SC370675 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC370675 frs-core:MotorVehicles 2024-03-31 SC370675 frs-core:PlantMachinery 2025-03-31 SC370675 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC370675 frs-core:PlantMachinery 2024-03-31 SC370675 frs-core:ShareCapital 2025-03-31 SC370675 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC370675 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC370675 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC370675 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC370675 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC370675 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC370675 frs-core:DeferredTaxation 2024-04-01 2025-03-31 SC370675 frs-core:DeferredTaxation 2024-03-31 SC370675 frs-core:DeferredTaxation 2025-03-31 SC370675 frs-bus:Director1 2024-04-01 2025-03-31 SC370675 frs-bus:Director1 2024-03-31 SC370675 frs-bus:Director1 2025-03-31 SC370675 frs-bus:Director2 2024-04-01 2025-03-31 SC370675 frs-bus:Director2 2024-03-31 SC370675 frs-bus:Director2 2025-03-31 SC370675 frs-bus:Director3 2024-04-01 2025-03-31 SC370675 frs-bus:Director3 2024-03-31 SC370675 frs-bus:Director3 2025-03-31 SC370675 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC370675 frs-countries:Scotland 2024-04-01 2025-03-31 SC370675 2023-03-31 SC370675 2024-03-31 SC370675 2023-04-01 2024-03-31 SC370675 frs-core:CurrentFinancialInstruments 2024-03-31 SC370675 frs-core:Non-currentFinancialInstruments 2024-03-31 SC370675 frs-core:ShareCapital 2024-03-31 SC370675 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC370675
Inspired Design & Development Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Nuvo Scotland Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Inspired Design & Development Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Inspired Design & Development 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 Inspired Design & Development 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 Inspired Design & Development Limited and state those matters that we have agreed to state to the directors of Inspired Design & Development 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 Inspired Design & Development Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Inspired Design & Development 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 Inspired Design & Development Limited . You consider that Inspired Design & Development 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 Inspired Design & Development 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.
11 August 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Balance Sheet
Registered number: SC370675
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,812 68,727
28,812 68,727
CURRENT ASSETS
Debtors 5 121,608 111,605
Cash at bank and in hand 17,861 8,851
139,469 120,456
Creditors: Amounts Falling Due Within One Year 6 (89,236 ) (85,328 )
NET CURRENT ASSETS (LIABILITIES) 50,233 35,128
TOTAL ASSETS LESS CURRENT LIABILITIES 79,045 103,855
Creditors: Amounts Falling Due After More Than One Year 7 (5,946 ) (20,754 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,203 ) (6,301 )
NET ASSETS 65,896 76,800
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 65,796 76,700
SHAREHOLDERS' FUNDS 65,896 76,800
Page 2
Page 3
For the year ending 31 March 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 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 G Black
Director
11 August 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Inspired Design & Development Limited is a private company, limited by shares, incorporated in Scotland, registered number SC370675 . The registered office is 27 Evan Street, Stonehaven, AB39 2EQ.
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.
2.3. 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:
Freehold Straight line over 20 years
Plant & Machinery Straight line over 5 years
Motor Vehicles 20% on reducing balance
Fixtures & Fittings Straight line over 3 years
Computer Equipment Straight line over 3 years
2.4. 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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2.5. 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: 6 (2024: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 91,272 5,783 18,415 11,057
Additions - - - 5,718
Disposals (91,272 ) - - (8,271 )
As at 31 March 2025 - 5,783 18,415 8,504
Depreciation
As at 1 April 2024 47,748 1,558 - 10,825
Provided during the period 4,563 1,156 3,683 716
Disposals (52,311 ) - - (8,271 )
As at 31 March 2025 - 2,714 3,683 3,270
Net Book Value
As at 31 March 2025 - 3,069 14,732 5,234
As at 1 April 2024 43,524 4,225 18,415 232
Computer Equipment Total
£ £
Cost
As at 1 April 2024 12,683 139,210
Additions 5,384 11,102
Disposals (2,260 ) (101,803 )
As at 31 March 2025 15,807 48,509
Depreciation
As at 1 April 2024 10,352 70,483
Provided during the period 1,938 12,056
Disposals (2,260 ) (62,842 )
As at 31 March 2025 10,030 19,697
Net Book Value
As at 31 March 2025 5,777 28,812
As at 1 April 2024 2,331 68,727
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 51,192 77,718
Prepayments and accrued income 12,702 22,117
Directors' loan accounts - 11,770
Amounts owed by subsidiaries 57,714 -
121,608 111,605
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 168 256
Bank loans and overdrafts 15,725 14,185
Corporation tax 53,731 36,034
Other taxes and social security 706 4,284
VAT 13,445 15,476
Other creditors 3,582 4,757
Accruals and deferred income 1,146 10,336
Directors' loan accounts 733 -
89,236 85,328
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,946 20,754
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 6,301 6,301
Additions 902 902
Balance at 31 March 2025 7,203 7,203
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Gary Black 11,714 61,013 (73,004 ) - (277 )
Mr Fraser Angus - - (228 ) - (228 )
Mr Ally Steel - - (228 ) - (228 )
Mrs Karen Black 56 660 (716) - -
The above loan is interest free and has no fixed repayment terms.
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