Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC360074 Mr W Lambie Mrs M Lambie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC360074 2023-11-30 SC360074 2024-11-30 SC360074 2023-12-01 2024-11-30 SC360074 frs-core:CurrentFinancialInstruments 2024-11-30 SC360074 frs-core:Non-currentFinancialInstruments 2024-11-30 SC360074 frs-core:ComputerEquipment 2024-11-30 SC360074 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC360074 frs-core:ComputerEquipment 2023-11-30 SC360074 frs-core:MotorVehicles 2024-11-30 SC360074 frs-core:MotorVehicles 2023-12-01 2024-11-30 SC360074 frs-core:MotorVehicles 2023-11-30 SC360074 frs-core:PlantMachinery 2024-11-30 SC360074 frs-core:PlantMachinery 2023-12-01 2024-11-30 SC360074 frs-core:PlantMachinery 2023-11-30 SC360074 frs-core:ShareCapital 2024-11-30 SC360074 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC360074 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC360074 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC360074 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC360074 frs-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC360074 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC360074 frs-bus:Director1 2023-12-01 2024-11-30 SC360074 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 SC360074 frs-countries:Scotland 2023-12-01 2024-11-30 SC360074 2022-11-30 SC360074 2023-11-30 SC360074 2022-12-01 2023-11-30 SC360074 frs-core:CurrentFinancialInstruments 2023-11-30 SC360074 frs-core:Non-currentFinancialInstruments 2023-11-30 SC360074 frs-core:ShareCapital 2023-11-30 SC360074 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: SC360074
Firstline International Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Firstline International Limited for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Firstline International Limited for the year ended 30 November 2024 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 to us.
As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the director of Firstline International Limited , as a body, in accordance with the terms of our engagement letter dated 23 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Firstline International Limited and state those matters that we have agreed to state to the director of Firstline International Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Firstline International Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Firstline International 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 Firstline International Limited . You consider that Firstline International 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 Firstline International 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 statutory accounts.
Signed
26 August 2025
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
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Page 2
Balance Sheet
Registered number: SC360074
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,257 64,047
58,257 64,047
CURRENT ASSETS
Debtors 5 2,176 9,413
Cash at bank and in hand 9,928 1,537
12,104 10,950
Creditors: Amounts Falling Due Within One Year 6 (52,567 ) (45,138 )
NET CURRENT ASSETS (LIABILITIES) (40,463 ) (34,188 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,794 29,859
Creditors: Amounts Falling Due After More Than One Year 7 - (16,415 )
NET ASSETS 17,794 13,444
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 17,792 13,442
SHAREHOLDERS' FUNDS 17,794 13,444
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 W Lambie
Director
26 August 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Firstline International Limited is a private company, limited by shares, incorporated in Scotland, registered number SC360074 . The registered office is The Nursery Bungalow, High Street, Newhouse, ML1 5ST.
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:
Plant & Machinery 10% Straight line
Motor Vehicles 10% Reducing balance
Computer Equipment 25% Straight line
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 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 32,901 91,158 4,497 128,556
Additions - - 1,873 1,873
Disposals - - (2,379 ) (2,379 )
As at 30 November 2024 32,901 91,158 3,991 128,050
Depreciation
As at 1 December 2023 26,900 33,588 4,021 64,509
Provided during the period 1,200 5,757 706 7,663
Disposals - - (2,379 ) (2,379 )
As at 30 November 2024 28,100 39,345 2,348 69,793
Net Book Value
As at 30 November 2024 4,801 51,813 1,643 58,257
As at 1 December 2023 6,001 57,570 476 64,047
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 390 8,942
Other debtors 1,786 471
2,176 9,413
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 382 640
Bank loans and overdrafts - 10,101
Other creditors 50,512 33,280
Taxation and social security 1,673 1,117
52,567 45,138
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 16,415
8. Secured Creditors
Of the creditors the following amounts are secured.
The bank loan is supported by a 100% guarantee from the UK Government.
2024 2023
£ £
Bank loans and overdrafts - 26,516
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
The company operates a loan account with the director, Mr W Lambie.
During the year, the director advanced loans totalling £17,820 to the company. At the year end, the balance due to the director was £49,794 (2023: £31,974). This loan is unsecured, interest free and has no fixed repayment terms.
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