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 SC265266 Mr Gary Shaw Mr Gary Shaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC265266 2023-12-31 SC265266 2024-12-31 SC265266 2024-01-01 2024-12-31 SC265266 frs-core:CurrentFinancialInstruments 2024-12-31 SC265266 frs-core:Non-currentFinancialInstruments 2024-12-31 SC265266 frs-core:BetweenOneFiveYears 2024-12-31 SC265266 frs-core:ComputerEquipment 2024-12-31 SC265266 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC265266 frs-core:ComputerEquipment 2023-12-31 SC265266 frs-core:FurnitureFittings 2024-12-31 SC265266 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC265266 frs-core:FurnitureFittings 2023-12-31 SC265266 frs-core:NetGoodwill 2024-12-31 SC265266 frs-core:NetGoodwill 2024-01-01 2024-12-31 SC265266 frs-core:NetGoodwill 2023-12-31 SC265266 frs-core:MotorVehicles 2024-12-31 SC265266 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC265266 frs-core:MotorVehicles 2023-12-31 SC265266 frs-core:PlantMachinery 2024-12-31 SC265266 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC265266 frs-core:PlantMachinery 2023-12-31 SC265266 frs-core:WithinOneYear 2024-12-31 SC265266 frs-core:ShareCapital 2024-12-31 SC265266 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC265266 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC265266 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC265266 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC265266 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC265266 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC265266 frs-bus:Director1 2024-01-01 2024-12-31 SC265266 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC265266 frs-countries:Scotland 2024-01-01 2024-12-31 SC265266 2022-12-31 SC265266 2023-12-31 SC265266 2023-01-01 2023-12-31 SC265266 frs-core:CurrentFinancialInstruments 2023-12-31 SC265266 frs-core:Non-currentFinancialInstruments 2023-12-31 SC265266 frs-core:BetweenOneFiveYears 2023-12-31 SC265266 frs-core:WithinOneYear 2023-12-31 SC265266 frs-core:ShareCapital 2023-12-31 SC265266 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC265266
Pulp - Tec Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC265266
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,813,521 2,512,067
2,813,521 2,512,067
CURRENT ASSETS
Stocks 6 729,941 395,031
Debtors 7 603,021 1,415,707
Cash at bank and in hand 98,832 64,699
1,431,794 1,875,437
Creditors: Amounts Falling Due Within One Year 8 (1,271,764 ) (1,455,928 )
NET CURRENT ASSETS (LIABILITIES) 160,030 419,509
TOTAL ASSETS LESS CURRENT LIABILITIES 2,973,551 2,931,576
Creditors: Amounts Falling Due After More Than One Year 9 (876,534 ) (607,521 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (280,023 ) (280,023 )
NET ASSETS 1,816,994 2,044,032
CAPITAL AND RESERVES
Called up share capital 11 22,891 22,891
Profit and Loss Account 1,794,103 2,021,141
SHAREHOLDERS' FUNDS 1,816,994 2,044,032
Page 1
Page 2
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 Gary Shaw
Director
30 September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pulp - Tec Limited is a private company, limited by shares, incorporated in Scotland, registered number SC265266 . The registered office is 8 Grayshill Road, Cumbernauld, Glasgow, G68 9HQ.
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 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.
2.3. 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 the profit and loss account over its estimated economic life of .... years.
2.4. 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 10% SL
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 33% RB
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2023: 26)
40 26
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 126,578
As at 31 December 2024 126,578
Amortisation
As at 1 January 2024 126,578
As at 31 December 2024 126,578
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 3,372,172 6,900 88,937 41,399 3,509,408
Additions 648,599 19,987 67,674 1,369 737,629
Disposals (247,263 ) - - - (247,263 )
As at 31 December 2024 3,773,508 26,887 156,611 42,768 3,999,774
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 929,373 4,319 41,754 21,895 997,341
Provided during the period 360,993 5,642 19,924 5,076 391,635
Disposals (202,723 ) - - - (202,723 )
As at 31 December 2024 1,087,643 9,961 61,678 26,971 1,186,253
Net Book Value
As at 31 December 2024 2,685,865 16,926 94,933 15,797 2,813,521
As at 1 January 2024 2,442,799 2,581 47,183 19,504 2,512,067
6. Stocks
2024 2023
£ £
Stock 456,385 265,271
Work in progress 273,556 129,760
729,941 395,031
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 504,300 1,183,796
Other debtors 98,721 231,911
603,021 1,415,707
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 202,695 208,379
Trade creditors 618,981 738,121
Bank loans and overdrafts 197,589 158,573
Other loans 48,361 146,360
Other creditors 87,526 150,331
Taxation and social security 116,612 54,164
1,271,764 1,455,928
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 876,534 607,521
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 202,695 240,952
Later than one year and not later than five years 876,534 607,521
1,079,229 848,473
Less: Finance charges allocated to future periods - 32,573
1,079,229 815,900
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 22,891 22,891
Page 6