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 SC367855 Mr R C Forfar Mrs C Forfar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC367855 2023-11-30 SC367855 2024-11-30 SC367855 2023-12-01 2024-11-30 SC367855 frs-core:CurrentFinancialInstruments 2024-11-30 SC367855 frs-core:Non-currentFinancialInstruments 2024-11-30 SC367855 frs-core:ComputerEquipment 2024-11-30 SC367855 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC367855 frs-core:ComputerEquipment 2023-11-30 SC367855 frs-core:FurnitureFittings 2024-11-30 SC367855 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC367855 frs-core:FurnitureFittings 2023-11-30 SC367855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 SC367855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC367855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC367855 frs-core:MotorVehicles 2023-12-01 2024-11-30 SC367855 frs-core:ShareCapital 2024-11-30 SC367855 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC367855 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC367855 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC367855 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC367855 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC367855 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC367855 frs-bus:Director1 2023-12-01 2024-11-30 SC367855 frs-bus:Director1 2023-11-30 SC367855 frs-bus:Director1 2024-11-30 SC367855 frs-bus:Director2 2023-12-01 2024-11-30 SC367855 frs-bus:Director2 2023-11-30 SC367855 frs-bus:Director2 2024-11-30 SC367855 frs-countries:Scotland 2023-12-01 2024-11-30 SC367855 2022-11-30 SC367855 2023-11-30 SC367855 2022-12-01 2023-11-30 SC367855 frs-core:CurrentFinancialInstruments 2023-11-30 SC367855 frs-core:Non-currentFinancialInstruments 2023-11-30 SC367855 frs-core:ShareCapital 2023-11-30 SC367855 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: SC367855
Aquarius Contact Centres Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC367855
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 284,251 284,891
284,251 284,891
CURRENT ASSETS
Debtors 5 66,159 50,310
Cash at bank and in hand 99,200 69,766
165,359 120,076
Creditors: Amounts Falling Due Within One Year 6 (154,146 ) (175,867 )
NET CURRENT ASSETS (LIABILITIES) 11,213 (55,791 )
TOTAL ASSETS LESS CURRENT LIABILITIES 295,464 229,100
Creditors: Amounts Falling Due After More Than One Year 7 (92,900 ) (92,441 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,293 ) (19,720 )
NET ASSETS 180,271 116,939
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 180,171 116,839
SHAREHOLDERS' FUNDS 180,271 116,939
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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 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 R C Forfar
Director
29 August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aquarius Contact Centres Limited is a private company, limited by shares, incorporated in Scotland, registered number SC367855 . The registered office is Unit 1 Ground Floor Kingseat Road, Halbeath, Dunfermline, KY11 8RY.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 Straight line over 50 years
Motor Vehicles 25% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
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.
...CONTINUED
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2.4. Taxation - continued
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: 28 (2023: 35)
28 35
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 213,132 214,548 31,499 459,179
Additions - 22,829 23,927 46,756
As at 30 November 2024 213,132 237,377 55,426 505,935
Depreciation
As at 1 December 2023 31,534 130,606 12,148 174,288
Provided during the period 14,676 25,640 7,080 47,396
As at 30 November 2024 46,210 156,246 19,228 221,684
Net Book Value
As at 30 November 2024 166,922 81,131 36,198 284,251
As at 1 December 2023 181,598 83,942 19,351 284,891
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,552 35,775
Prepayments and accrued income 276 276
Directors' loan accounts 35,331 14,259
66,159 50,310
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,416 42,306
Bank loans and overdrafts 13,308 27,197
Corporation tax 51,978 4,732
Other taxes and social security 7,833 16,472
VAT 54,902 53,318
Other creditors 7,029 9,122
Accruals and deferred income 1,680 22,720
154,146 175,867
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 92,900 92,441
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Roderick Forfar (346 ) 18,964 (279 ) - 18,339
Mrs Carol Forfar 14,605 2,387 - - 16,992
The above loan is unsecured, interest free and repayable on demand.
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