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 SC361549 Mr J Bell Mrs H Nicoll Mrs H Nicoll iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC361549 2023-12-31 SC361549 2024-12-31 SC361549 2024-01-01 2024-12-31 SC361549 frs-core:CurrentFinancialInstruments 2024-12-31 SC361549 frs-core:Non-currentFinancialInstruments 2024-12-31 SC361549 frs-core:NetGoodwill 2024-12-31 SC361549 frs-core:NetGoodwill 2024-01-01 2024-12-31 SC361549 frs-core:NetGoodwill 2023-12-31 SC361549 frs-core:PlantMachinery 2024-12-31 SC361549 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC361549 frs-core:PlantMachinery 2023-12-31 SC361549 frs-core:ShareCapital 2024-12-31 SC361549 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC361549 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC361549 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC361549 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC361549 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC361549 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC361549 frs-bus:Director1 2024-01-01 2024-12-31 SC361549 frs-bus:Director2 2024-01-01 2024-12-31 SC361549 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC361549 frs-countries:Scotland 2024-01-01 2024-12-31 SC361549 2022-12-31 SC361549 2023-12-31 SC361549 2023-01-01 2023-12-31 SC361549 frs-core:CurrentFinancialInstruments 2023-12-31 SC361549 frs-core:Non-currentFinancialInstruments 2023-12-31 SC361549 frs-core:ShareCapital 2023-12-31 SC361549 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC361549
Vending Services Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2024
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC361549
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,426 70,118
71,426 70,118
CURRENT ASSETS
Stocks 5 97,231 103,544
Debtors 6 6,413 22,854
Cash at bank and in hand 30,426 25,037
134,070 151,435
Creditors: Amounts Falling Due Within One Year 7 (156,584 ) (160,075 )
NET CURRENT ASSETS (LIABILITIES) (22,514 ) (8,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,912 61,478
Creditors: Amounts Falling Due After More Than One Year 8 (23,345 ) (41,395 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,572 ) (13,114 )
NET ASSETS 11,995 6,969
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 11,993 6,967
SHAREHOLDERS' FUNDS 11,995 6,969
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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 Bell
Director
1 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
1.4. 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 20% Straight line
1.5. 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.
1.6. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2023: 7)
7 7
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3. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 33,800
As at 31 December 2024 33,800
Amortisation
As at 1 January 2024 33,800
As at 31 December 2024 33,800
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 265,363
Additions 19,282
As at 31 December 2024 284,645
Depreciation
As at 1 January 2024 195,245
Provided during the period 17,974
As at 31 December 2024 213,219
Net Book Value
As at 31 December 2024 71,426
As at 1 January 2024 70,118
5. Stocks
2024 2023
£ £
Stock 97,231 103,544
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 138 -
Other debtors 6,275 22,854
6,413 22,854
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 60,854 69,320
Bank loans and overdrafts 46,976 36,482
Other creditors 35,653 40,872
Taxation and social security 13,101 13,401
156,584 160,075
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,345 41,395
23,345 41,395
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 directors, Mr J Bell and Ms H K Nicoll.
During the year, the company repaid loans totalling £8,676  to the directors. At the year end, the balance due to the directors was £30,537 (2023 - £39,212). This loan is unsecured, interest free and has no fixed repayment terms.
11. General Information
Vending Services Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC361549 . The registered office is Argyll House, Quarrywood Court, Livingston, West Lothian, EH54 6AX.
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