Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC203261 Mr Philip Watt Mr Matthew Watt Macrae Stephen & Co iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC203261 2023-12-31 SC203261 2024-12-31 SC203261 2024-01-01 2024-12-31 SC203261 frs-core:CurrentFinancialInstruments 2024-12-31 SC203261 frs-core:Non-currentFinancialInstruments 2024-12-31 SC203261 frs-core:BetweenOneFiveYears 2024-12-31 SC203261 frs-core:ComputerEquipment 2024-12-31 SC203261 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC203261 frs-core:ComputerEquipment 2023-12-31 SC203261 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC203261 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC203261 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC203261 frs-core:MotorVehicles 2024-12-31 SC203261 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC203261 frs-core:MotorVehicles 2023-12-31 SC203261 frs-core:PlantMachinery 2024-12-31 SC203261 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC203261 frs-core:PlantMachinery 2023-12-31 SC203261 frs-core:WithinOneYear 2024-12-31 SC203261 frs-core:ShareCapital 2024-12-31 SC203261 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC203261 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC203261 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC203261 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC203261 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC203261 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC203261 frs-bus:Director1 2024-01-01 2024-12-31 SC203261 frs-bus:Director1 2023-12-31 SC203261 frs-bus:Director1 2024-12-31 SC203261 frs-bus:Director2 2024-01-01 2024-12-31 SC203261 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC203261 frs-core:CurrentFinancialInstruments 2 2024-12-31 SC203261 frs-countries:Scotland 2024-01-01 2024-12-31 SC203261 2022-12-31 SC203261 2023-12-31 SC203261 2023-01-01 2023-12-31 SC203261 frs-core:CurrentFinancialInstruments 2023-12-31 SC203261 frs-core:Non-currentFinancialInstruments 2023-12-31 SC203261 frs-core:BetweenOneFiveYears 2023-12-31 SC203261 frs-core:WithinOneYear 2023-12-31 SC203261 frs-core:ShareCapital 2023-12-31 SC203261 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC203261 frs-core:CurrentFinancialInstruments 1 2023-12-31 SC203261 frs-core:CurrentFinancialInstruments 2 2023-12-31 SC203261 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: SC203261
Superdon Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC203261
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 130,330 127,564
130,330 127,564
CURRENT ASSETS
Debtors 5 560,678 368,893
Cash at bank and in hand 173,215 380,623
733,893 749,516
Creditors: Amounts Falling Due Within One Year 6 (185,291 ) (149,467 )
NET CURRENT ASSETS (LIABILITIES) 548,602 600,049
TOTAL ASSETS LESS CURRENT LIABILITIES 678,932 727,613
Creditors: Amounts Falling Due After More Than One Year 7 (45,521 ) (63,561 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,583 ) (24,237 )
NET ASSETS 600,828 639,815
CAPITAL AND RESERVES
Called up share capital 9 1,160 1,160
Profit and Loss Account 599,668 638,655
SHAREHOLDERS' FUNDS 600,828 639,815
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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 Philip Watt
Director
30/07/2025
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
Superdon Limited is a private company, limited by shares, incorporated in Scotland, registered number SC203261 . The registered office is 15 Frithside Street, Fraserburgh, Aberdeenshire, AB43 9AR.
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:
Freehold 10% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
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.
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: 22 (2023: 21)
22 21
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 13,664 274,553 64,455 - 352,672
Additions - - 37,500 2,439 39,939
Disposals - - (11,995 ) - (11,995 )
As at 31 December 2024 13,664 274,553 89,960 2,439 380,616
Depreciation
As at 1 January 2024 1,366 193,186 30,556 - 225,108
Provided during the period 1,230 20,342 11,481 562 33,615
Disposals - - (8,437 ) - (8,437 )
As at 31 December 2024 2,596 213,528 33,600 562 250,286
Net Book Value
As at 31 December 2024 11,068 61,025 56,360 1,877 130,330
As at 1 January 2024 12,298 81,367 33,899 - 127,564
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 281,551 220,562
S455 Recoverable - 5,613
Loans and receivables 255,273 104,717
Directors Loan Account (Debtor only) - 16,352
Corporation tax recoverable assets 5,613 -
VAT 18,241 21,649
560,678 368,893
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,021 7,826
Trade creditors 96,190 42,167
Bank loans and overdrafts 10,000 10,000
Corporation tax 33,064 33,944
PAYE Control Account 18,285 12,425
Pension creditor 2,007 1,591
Accruals and deferred income 3,805 3,361
Directors' loan accounts 16,919 38,153
185,291 149,467
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,184 9,205
Bank loans 14,167 24,167
Deferred Income - Government Grant 27,170 30,189
45,521 63,561
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,021 7,826
Later than one year and not later than five years 4,184 9,205
9,205 17,031
9,205 17,031
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,160 1,160
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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 Philip Watt 16,352 29,882 25,000 - 21,234
The above loan is unsecured, interest free and repayable on demand.
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