Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC357172 Miss Fiona Stoddart Mr Graeme Smart Mr Graeme Smart Graeme Smart and Fiona Stoddart true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC357172 2024-03-31 SC357172 2025-03-31 SC357172 2024-04-01 2025-03-31 SC357172 frs-core:CurrentFinancialInstruments 2025-03-31 SC357172 frs-core:Non-currentFinancialInstruments 2025-03-31 SC357172 frs-core:ComputerEquipment 2025-03-31 SC357172 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC357172 frs-core:ComputerEquipment 2024-03-31 SC357172 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 SC357172 frs-core:FurnitureFittings 2025-03-31 SC357172 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC357172 frs-core:FurnitureFittings 2024-03-31 SC357172 frs-core:NetGoodwill 2025-03-31 SC357172 frs-core:NetGoodwill 2024-04-01 2025-03-31 SC357172 frs-core:NetGoodwill 2024-03-31 SC357172 frs-core:OtherResidualIntangibleAssets 2025-03-31 SC357172 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 SC357172 frs-core:OtherResidualIntangibleAssets 2024-03-31 SC357172 frs-core:PlantMachinery 2025-03-31 SC357172 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC357172 frs-core:PlantMachinery 2024-03-31 SC357172 frs-core:ShareCapital 2025-03-31 SC357172 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC357172 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC357172 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC357172 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC357172 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC357172 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC357172 1 2024-04-01 2025-03-31 SC357172 frs-bus:Director1 2024-04-01 2025-03-31 SC357172 frs-bus:Director1 2024-03-31 SC357172 frs-bus:Director1 2025-03-31 SC357172 frs-bus:Director2 2024-04-01 2025-03-31 SC357172 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC357172 frs-core:CurrentFinancialInstruments 1 2025-03-31 SC357172 frs-core:CurrentFinancialInstruments 2 2025-03-31 SC357172 frs-countries:Scotland 2024-04-01 2025-03-31 SC357172 2023-03-31 SC357172 2024-03-31 SC357172 2023-04-01 2024-03-31 SC357172 frs-core:CurrentFinancialInstruments 2024-03-31 SC357172 frs-core:Non-currentFinancialInstruments 2024-03-31 SC357172 frs-core:ShareCapital 2024-03-31 SC357172 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC357172 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC357172 frs-core:CurrentFinancialInstruments 2 2024-03-31 SC357172 frs-core:CurrentFinancialInstruments 3 2024-03-31
Registered number: SC357172
Gsd (Scotland) Limited
Financial Statements
For The Year Ended 31 March 2025
Gillespie's Fife
Gsd (Scotland) Limited
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—6

Page 1
Gsd (Scotland) Limited
Accountants' Report
For The Year Ended 31 March 2025
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Gsd (Scotland) Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gsd (Scotland) Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Gsd (Scotland) Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Gsd (Scotland) Limited and state those matters that we have agreed to state to the directors of Gsd (Scotland) Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gsd (Scotland) Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Gsd (Scotland) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Gsd (Scotland) Limited . You consider that Gsd (Scotland) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Gsd (Scotland) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

23rd April 2025

Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Gsd (Scotland) Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: SC357172

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 34,718 |  | 19,713
Tangible Assets | 5 |  | 11,209 |  | 12,611
|  |  | 45,927 |  | 32,324
CURRENT ASSETS
Stocks | 6 | 15,300 |  | 14,546 |
Debtors | 7 | 3,945 |  | 20,601 |
|  | 19,245 |  | 35,147 |
Creditors: Amounts Falling Due Within One Year | 8 | (177,891 ) |  | (237,683 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (158,646 ) |  | (202,536 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (112,719 ) |  | (170,212 )
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (70,000 ) |  | (30,975 )
NET LIABILITIES |  |  | (182,719 ) |  | (201,187 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 200 |  | 200
Profit and Loss Account |  |  | (182,919 ) |  | (201,387 )
SHAREHOLDERS' FUNDS |  |  | (182,719) |  | (201,187)

Page 2
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Gsd (Scotland) Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 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

Mr Graeme Smart Director
23rd April 2025

The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Gsd (Scotland) Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Gsd (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC357172 . The registered office is 6 Randolph Place, Edinburgh, EH3 7TE.
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. Going Concern Disclosure
During the year the company operated with support from Mr Graeme Smart and Miss Fiona Stoddart, the directors of the company, and, based on their continued support, the going concern basis remains appropriate.
2.3. 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.
2.4. 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 profit and loss account over its estimated economic life of ten years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.6. 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 | 25% Straight line
Fixtures & Fittings | 25% Straight line
Computer Equipment | 33% Reducing balance

2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 14 |  | 14
| 14 |  | 14

Page 4
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Gsd (Scotland) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Intangible Assets

| Goodwill | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 506,715 | 21,903 | 528,618
Additions | - | 19,106 | 19,106
As at 31 March 2025 | 506,715 | 41,009 | 547,724
Amortisation
As at 1 April 2024 | 506,715 | 2,190 | 508,905
Provided during the period | - | 4,101 | 4,101
As at 31 March 2025 | 506,715 | 6,291 | 513,006
Net Book Value
As at 31 March 2025 | - | 34,718 | 34,718
As at 1 April 2024 | - | 19,713 | 19,713

5. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | 105,900 | 16,163 | 47,151 | 169,214
Additions | 6,494 | - | - | 6,494
As at 31 March 2025 | 112,394 | 16,163 | 47,151 | 175,708
Depreciation
As at 1 April 2024 | 96,460 | 15,667 | 44,476 | 156,603
Provided during the period | 6,699 | 315 | 882 | 7,896
As at 31 March 2025 | 103,159 | 15,982 | 45,358 | 164,499
Net Book Value
As at 31 March 2025 | 9,235 | 181 | 1,793 | 11,209
As at 1 April 2024 | 9,440 | 496 | 2,675 | 12,611

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 15,300 |  | 14,546

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,151 |  | 17,469
Other debtors | 1,794 |  | 1,794
Net wages | - |  | 1,338
| 3,945 |  | 20,601

Page 5
Page 6
Gsd (Scotland) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 56,498 |  | 54,193
Bank loans and overdrafts | 40,816 |  | 86,587
Other loans | - |  | 5,238
Other taxes and social security | 22,957 |  | 18,133
Premium credit | 7,125 |  | 6,779
BOS Chargecard | 2,328 |  | 3,271
Pensions | - |  | 1,545
Accruals and deferred income | 3,696 |  | 3,396
Directors' loan accounts | 44,471 |  | 58,541
| 177,891 |  | 237,683

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 70,000 |  | 30,975

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:

| As at 1 April 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Graeme Smart | 58,541 | 1,980 | (16,050 ) | - | 44,471

The above loan is unsecured, interest free and repayable on demand.
12. Ultimate Controlling Party
The company's ultimate controlling party are Graeme Smart and Fiona Stoddart by virtue of their ownership of 100% of the issued share capital in the company.
Page 6