Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC313001 Mr Intekhab Ahmed true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC313001 2023-12-31 SC313001 2024-12-31 SC313001 2024-01-01 2024-12-31 SC313001 frs-core:CurrentFinancialInstruments 2024-12-31 SC313001 frs-core:Non-currentFinancialInstruments 2024-12-31 SC313001 frs-core:ComputerEquipment 2024-12-31 SC313001 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC313001 frs-core:ComputerEquipment 2023-12-31 SC313001 frs-core:FurnitureFittings 2024-12-31 SC313001 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC313001 frs-core:FurnitureFittings 2023-12-31 SC313001 frs-core:NetGoodwill 2024-12-31 SC313001 frs-core:NetGoodwill 2024-01-01 2024-12-31 SC313001 frs-core:NetGoodwill 2023-12-31 SC313001 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 SC313001 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 SC313001 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC313001 frs-core:ShareCapital 2024-12-31 SC313001 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC313001 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC313001 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC313001 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC313001 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC313001 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC313001 1 2024-01-01 2024-12-31 SC313001 frs-bus:Director1 2024-01-01 2024-12-31 SC313001 frs-countries:Scotland 2024-01-01 2024-12-31 SC313001 2022-12-31 SC313001 2023-12-31 SC313001 2023-01-01 2023-12-31 SC313001 frs-core:CurrentFinancialInstruments 2023-12-31 SC313001 frs-core:Non-currentFinancialInstruments 2023-12-31 SC313001 frs-core:ShareCapital 2023-12-31 SC313001 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC313001
Taxlab Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: SC313001
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 13,724 9,983
13,724 9,983
CURRENT ASSETS
Debtors 6 15,053 54,973
Cash at bank and in hand 117,112 125,473
132,165 180,446
Creditors: Amounts Falling Due Within One Year 7 (26,698 ) (36,740 )
NET CURRENT ASSETS (LIABILITIES) 105,467 143,706
TOTAL ASSETS LESS CURRENT LIABILITIES 119,191 153,689
Creditors: Amounts Falling Due After More Than One Year 8 (38,336 ) (50,040 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,608 ) (1,897 )
NET ASSETS 78,247 101,752
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 78,246 101,751
SHAREHOLDERS' FUNDS 78,247 101,752
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 Income Statement.
On behalf of the board
Mr Intekhab Ahmed
Director
30/09/2025
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
Taxlab Limited is a private company, limited by shares, incorporated in Scotland, registered number SC313001 . The registered office is 4 Glenfield, Livingston, West Lothian, EH54 7BG.
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 January 2015).
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Fee income represents amounts recoverable from clients for professional services provided during the year. It is measured at the fair value of consideration received or receivable on each client assignment, including expenses and disbursements and excluding Value Added Tax. Fee income is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow.
2.4. 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 income statement over its estimated economic life of 10 years.
2.5. 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:
Leasehold 10% Straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
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. 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.
Page 3
Page 4
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 17,000
As at 31 December 2024 17,000
Amortisation
As at 1 January 2024 17,000
As at 31 December 2024 17,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
Intangible assets relate to purchased goodwill.
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 2,030 7,058 20,937 30,025
Additions - 559 8,033 8,592
Disposals - (1,759 ) (12,238 ) (13,997 )
As at 31 December 2024 2,030 5,858 16,732 24,620
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 1,100 5,053 13,889 20,042
Provided during the period 203 964 3,297 4,464
Disposals - (1,736 ) (11,874 ) (13,610 )
As at 31 December 2024 1,303 4,281 5,312 10,896
Net Book Value
As at 31 December 2024 727 1,577 11,420 13,724
As at 1 January 2024 930 2,005 7,048 9,983
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,053 50,424
Prepayments and accrued income - 549
Other debtors 8,000 4,000
15,053 54,973
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 137 178
Bank loans and overdrafts 11,719 11,074
Corporation tax 1,636 5,056
Other taxes and social security 1,735 1,816
VAT 6,094 13,928
Other creditors 5,321 2,505
Director's loan account 56 2,183
26,698 36,740
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,336 50,040
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Pension Commitments
The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £223 (2023: £252) were due to the fund. They are included in Other Creditors.
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
Page 5
Page 6
2024 2023
£ £
Mr Intekhab Ahmed 32,500 25,000
12. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 32,500 25,000
13. Related Party Transactions
Engage Proposals LimitedA company in which the director is the shareholder.During the year the company advanced £4,000 to assist with the startup costs. The amount owing to the company by Engage Proposals Limited is £8,000 (2023: £4,000).

Engage Proposals Limited

A company in which the director is the shareholder.

During the year the company advanced £4,000 to assist with the startup costs. The amount owing to the company by Engage Proposals Limited is £8,000 (2023: £4,000).

14. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of his ownership of 100% of the issued share capital in the company.
Page 6