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 SC363639 Mark Lewis Craig McDermid James Livingston true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC363639 2023-12-31 SC363639 2024-12-31 SC363639 2024-01-01 2024-12-31 SC363639 frs-core:CurrentFinancialInstruments 2024-12-31 SC363639 frs-core:ComputerEquipment 2024-12-31 SC363639 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC363639 frs-core:ComputerEquipment 2023-12-31 SC363639 frs-core:FurnitureFittings 2024-12-31 SC363639 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC363639 frs-core:FurnitureFittings 2023-12-31 SC363639 frs-core:ShareCapital 2024-12-31 SC363639 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC363639 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC363639 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC363639 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC363639 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC363639 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC363639 1 2024-01-01 2024-12-31 SC363639 frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC363639 frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC363639 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC363639 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC363639 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC363639 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC363639 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC363639 frs-bus:Director1 2024-01-01 2024-12-31 SC363639 frs-bus:Director2 2024-01-01 2024-12-31 SC363639 frs-bus:Director3 2024-01-01 2024-12-31 SC363639 frs-countries:Scotland 2024-01-01 2024-12-31 SC363639 2022-12-31 SC363639 2023-12-31 SC363639 2023-01-01 2023-12-31 SC363639 frs-core:CurrentFinancialInstruments 2023-12-31 SC363639 frs-core:ShareCapital 2023-12-31 SC363639 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC363639
Livingston James Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Prime Numbers
Chartered Accountants
1 Lochrin Square
92 Fountainbridge
Edinburgh
EH3 9QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC363639
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,656 10,976
Investments 5 100 500
9,756 11,476
CURRENT ASSETS
Debtors 6 697,368 652,655
Cash at bank and in hand 793,736 751,839
1,491,104 1,404,494
Creditors: Amounts Falling Due Within One Year 7 (798,617 ) (729,492 )
NET CURRENT ASSETS (LIABILITIES) 692,487 675,002
TOTAL ASSETS LESS CURRENT LIABILITIES 702,243 686,478
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,414 ) (2,614 )
NET ASSETS 699,829 683,864
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 699,629 683,664
SHAREHOLDERS' FUNDS 699,829 683,864
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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
Mark Lewis
Director
22/09/2025
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
Livingston James Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC363639 . The registered office is 218 St Vincent Street, Glasgow, G2 5SG.
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.
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:
Fixtures & Fittings SLM Over 3 years
Computer Equipment SLM Over 3 years
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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 year 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 asset reflects 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 27)
27 27
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 41,591 58,129 99,720
Additions 5,684 1,927 7,611
As at 31 December 2024 47,275 60,056 107,331
Depreciation
As at 1 January 2024 41,364 47,380 88,744
Provided during the period - 8,931 8,931
As at 31 December 2024 41,364 56,311 97,675
Net Book Value
As at 31 December 2024 5,911 3,745 9,656
As at 1 January 2024 227 10,749 10,976
5. Investments
Unlisted
£
Cost
As at 1 January 2024 500
Disposals (400 )
As at 31 December 2024 100
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 100
As at 1 January 2024 500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 642,991 519,919
Prepayments and accrued income 34,559 43,651
Other debtors 19,818 87,785
Net wages - 1,300
697,368 652,655
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 51,166 25,068
Corporation tax 206,503 247,977
Other taxes and social security 38,038 41,572
VAT 157,669 131,644
Other creditors 23,240 12,636
Accruals and deferred income 322,001 270,595
798,617 729,492
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Livingston James (Holdings) Limited . Livingston James (Holdings) Limited was incorporated in Scotland.
The shares in Livingston James (Holdings) Limited are fully owned by an Employee Ownership Trust and the trustee, Livingston James Trustees Limited, is the ultimate controlling party.
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