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 SC215974 Mr Dennis Multon Mr Donald Liddiard false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC215974 2023-12-31 SC215974 2024-12-31 SC215974 2024-01-01 2024-12-31 SC215974 frs-core:CurrentFinancialInstruments 2024-12-31 SC215974 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC215974 frs-core:ShareCapital 2024-12-31 SC215974 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC215974 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC215974 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC215974 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC215974 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC215974 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC215974 1 2024-01-01 2024-12-31 SC215974 frs-bus:Director1 2024-01-01 2024-12-31 SC215974 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC215974 frs-countries:Scotland 2024-01-01 2024-12-31 SC215974 2022-12-31 SC215974 2023-12-31 SC215974 2023-01-01 2023-12-31 SC215974 frs-core:CurrentFinancialInstruments 2023-12-31 SC215974 frs-core:ShareCapital 2023-12-31 SC215974 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC215974
Modelrange Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC215974
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 408,645 408,645
Debtors 5 45,243 43,000
Cash at bank and in hand 7,867 1,874
461,755 453,519
Creditors: Amounts Falling Due Within One Year 6 (737,396 ) (723,561 )
NET CURRENT ASSETS (LIABILITIES) (275,641 ) (270,042 )
TOTAL ASSETS LESS CURRENT LIABILITIES (275,641 ) (270,042 )
NET LIABILITIES (275,641 ) (270,042 )
CAPITAL AND RESERVES
Called up share capital 8 600 600
Profit and Loss Account (276,241 ) (270,642 )
SHAREHOLDERS' FUNDS (275,641) (270,042)
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 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 Dennis Multon
Director
31/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Modelrange Limited is a private company, limited by shares, incorporated in Scotland, registered number SC215974 . The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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. 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.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 1
1 1
4. Stocks
2024 2023
£ £
Stock 408,645 408,645
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,000 43,000
Corporation tax recoverable assets 2,243 -
45,243 43,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,602 -
Bank loans and overdrafts 25,281 26,948
Corporation tax - 1,803
Other creditors 56,590 56,590
Director's loan account 569,923 558,220
Amounts owed to associates 80,000 80,000
737,396 723,561
7. Secured Creditors
Of the creditors falling due within one year the following amounts are secured by standard securities in favour of one of the directors, D N Multon. £569,923 (2023 £558,220)
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 600 600
9. Controlling Party
The company has no controlling party.
Page 3