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 SC645552 Mr Stephen Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC645552 2023-12-31 SC645552 2024-12-31 SC645552 2024-01-01 2024-12-31 SC645552 frs-core:ShareCapital 2024-12-31 SC645552 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC645552 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC645552 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC645552 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC645552 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC645552 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC645552 frs-bus:Director1 2024-01-01 2024-12-31 SC645552 frs-bus:Director1 2023-12-31 SC645552 frs-bus:Director1 2024-12-31 SC645552 frs-countries:Scotland 2024-01-01 2024-12-31 SC645552 2022-12-31 SC645552 2023-12-31 SC645552 2023-01-01 2023-12-31 SC645552 frs-core:CurrentFinancialInstruments 2023-12-31 SC645552 frs-core:ShareCapital 2023-12-31 SC645552 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC645552
Psg ( Inv ) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Leitch Accountancy Services Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC645552
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 - 59,443
Cash at bank and in hand 207,829 165,618
207,829 225,061
Creditors: Amounts Falling Due Within One Year 5 (1,224 ) (17,232 )
NET CURRENT ASSETS (LIABILITIES) 206,605 207,829
TOTAL ASSETS LESS CURRENT LIABILITIES 206,605 207,829
NET ASSETS 206,605 207,829
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 206,505 207,729
SHAREHOLDERS' FUNDS 206,605 207,829
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 Stephen Clark
Director
29/09/2025
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
Psg ( Inv ) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC645552 . The registered office is Unit 21, Service Base, Shore Road, Invergordon, Ross-shire, IV18 0EX.
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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
2.3. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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 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: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 21,114
Other debtors - 38,329
- 59,443
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,224 3,396
Taxation and social security - 13,836
1,224 17,232
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Stephen Clark 13,386 - (13,386 ) - -
The above loan was unsecured, interest free and was repaid in the year.
8. Related Party Transactions
As at the year end the company was owed £nil (2023 - £25,000) from PSG Marine & Logistics, a company in which the director has an interest in. The loan was unsecured, interest free and was repaid in full during the financial year.
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