Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 SC032605 Mr Graham Docherty Mr Craig Docherty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC032605 2024-02-28 SC032605 2025-02-28 SC032605 2024-02-29 2025-02-28 SC032605 frs-core:CurrentFinancialInstruments 2025-02-28 SC032605 frs-core:PlantMachinery 2025-02-28 SC032605 frs-core:PlantMachinery 2024-02-29 2025-02-28 SC032605 frs-core:PlantMachinery 2024-02-28 SC032605 frs-core:RevaluationReserve 2024-02-28 SC032605 frs-core:RevaluationReserve 2025-02-28 SC032605 frs-core:ShareCapital 2025-02-28 SC032605 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC032605 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 SC032605 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 SC032605 frs-bus:SmallEntities 2024-02-29 2025-02-28 SC032605 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 SC032605 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 SC032605 frs-core:UnlistedNon-exchangeTraded 2025-02-28 SC032605 frs-core:UnlistedNon-exchangeTraded 2024-02-28 SC032605 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 SC032605 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-02-28 SC032605 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 SC032605 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 SC032605 frs-bus:Director1 2024-02-29 2025-02-28 SC032605 frs-bus:Director2 2024-02-29 2025-02-28 SC032605 frs-countries:Scotland 2024-02-29 2025-02-28 SC032605 2023-02-28 SC032605 2024-02-28 SC032605 2023-03-01 2024-02-28 SC032605 frs-core:CurrentFinancialInstruments 2024-02-28 SC032605 frs-core:RevaluationReserve 2024-02-28 SC032605 frs-core:ShareCapital 2024-02-28 SC032605 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: SC032605
THOMPSON'S (MODERN WEAR) LIMITED
Unaudited Financial Statements
For The Year Ended 28 February 2025
Menzies Accountants Ltd
18 Campbell Road
Edinburgh
EH12 6DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC032605
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 731 1,097
Investment Properties 5 717,698 717,698
718,429 718,795
CURRENT ASSETS
Debtors 7 72,022 58,188
Cash at bank and in hand 6,857 20
78,879 58,208
Creditors: Amounts Falling Due Within One Year 8 (60,278 ) (39,156 )
NET CURRENT ASSETS (LIABILITIES) 18,601 19,052
TOTAL ASSETS LESS CURRENT LIABILITIES 737,030 737,847
NET ASSETS 737,030 737,847
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Revaluation reserve 10 612,354 612,354
Profit and Loss Account 114,676 115,493
SHAREHOLDERS' FUNDS 737,030 737,847
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Page 2
For the year ending 28 February 2025 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 Graham Docherty
Director
12/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
THOMPSON'S (MODERN WEAR) LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC032605 . The registered office is 27 Blinkbonny Avenue, EDINBURGH, EH4 3HT.
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. 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 25% reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Corporation 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2025 2024
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 29 February 2024 1,463
As at 28 February 2025 1,463
Depreciation
As at 29 February 2024 366
Provided during the period 366
As at 28 February 2025 732
Net Book Value
As at 28 February 2025 731
As at 29 February 2024 1,097
5. Investment Property
2025
£
Fair Value
As at 29 February 2024 and 28 February 2025 717,698
6. Investments
Unlisted
£
Cost or Valuation
As at 29 February 2024 69,964
As at 28 February 2025 69,964
Provision
As at 29 February 2024 69,964
As at 28 February 2025 69,964
Net Book Value
As at 28 February 2025 -
As at 29 February 2024 -
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,234 4,434
Amounts owed by group undertakings 68,788 53,754
72,022 58,188
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 15,085 8,897
Other creditors 22,405 13,521
Accruals and deferred income 2,280 2,280
Directors' loan accounts 6,687 8,880
Amounts owed to group undertakings 13,821 5,578
60,278 39,156
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
10. Reserves
Revaluation Reserve
£
As at 29 February 2024 612,354
As at 28 February 2025 612,354
Page 5