Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 February 2023 false 1 January 2024 31 December 2024 31 December 2024 10585935 Mr J Mcneish Mr R Junk iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10585935 2023-12-31 10585935 2024-12-31 10585935 2024-01-01 2024-12-31 10585935 frs-core:CurrentFinancialInstruments 2024-12-31 10585935 frs-core:Non-currentFinancialInstruments 2024-12-31 10585935 frs-core:ComputerEquipment 2024-12-31 10585935 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10585935 frs-core:ComputerEquipment 2023-12-31 10585935 frs-core:FurnitureFittings 2024-12-31 10585935 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10585935 frs-core:FurnitureFittings 2023-12-31 10585935 frs-core:ShareCapital 2024-12-31 10585935 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10585935 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10585935 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10585935 frs-bus:SmallEntities 2024-01-01 2024-12-31 10585935 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10585935 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10585935 frs-bus:Director1 2024-01-01 2024-12-31 10585935 frs-bus:Director1 2023-12-31 10585935 frs-bus:Director1 2024-12-31 10585935 frs-bus:Director2 2024-01-01 2024-12-31 10585935 frs-countries:EnglandWales 2024-01-01 2024-12-31 10585935 2023-01-31 10585935 2023-12-31 10585935 2023-02-01 2023-12-31 10585935 frs-core:CurrentFinancialInstruments 2023-12-31 10585935 frs-core:Non-currentFinancialInstruments 2023-12-31 10585935 frs-core:ShareCapital 2023-12-31 10585935 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10585935
Macgregor Black Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Search Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10585935
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,227 117,054
104,227 117,054
CURRENT ASSETS
Stocks 5 66,000 -
Debtors 6 444,636 441,233
Cash at bank and in hand 67,512 82,477
578,148 523,710
Creditors: Amounts Falling Due Within One Year 7 (641,442 ) (502,737 )
NET CURRENT ASSETS (LIABILITIES) (63,294 ) 20,973
TOTAL ASSETS LESS CURRENT LIABILITIES 40,933 138,027
Creditors: Amounts Falling Due After More Than One Year 8 (16,667 ) (56,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,055 ) (27,085 )
NET ASSETS 211 54,275
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 111 54,175
SHAREHOLDERS' FUNDS 211 54,275
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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 Profit and Loss Account.
On behalf of the board
Mr J Mcneish
Director
11/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Macgregor Black Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10585935 . The registered office is Beechfield Martin Croft Road, Haslingden, Rossendale, BB4 5BP.
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:
Fixtures & Fittings 25% WDV
Computer Equipment 25% WDV
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
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: 27 (2023: 35)
27 35
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 134,219 31,775 165,994
Additions 15,000 1,876 16,876
As at 31 December 2024 149,219 33,651 182,870
Depreciation
As at 1 January 2024 34,592 14,348 48,940
Provided during the period 25,220 4,483 29,703
As at 31 December 2024 59,812 18,831 78,643
Net Book Value
As at 31 December 2024 89,407 14,820 104,227
As at 1 January 2024 99,627 17,427 117,054
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5. Stocks
31 December 2024 31 December 2023
£ £
Work in progress 66,000 -
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 323,818 381,226
Other debtors 120,818 60,007
444,636 441,233
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 114,648 90,324
Bank loans and overdrafts 40,000 40,000
Other loans - 4,252
Other creditors 169,703 70,783
Taxation and social security 317,091 297,378
641,442 502,737
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 16,667 56,667
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Jonathan Mcneish - 52,500 - - 52,500
The above loan is unsecured, interest free and repayable on demand.
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