Acorah Software Products - Accounts Production 16.5.460 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 SC124783 Anne Love Anne Love iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC124783 2024-04-30 SC124783 2025-04-30 SC124783 2024-05-01 2025-04-30 SC124783 frs-core:CurrentFinancialInstruments 2025-04-30 SC124783 frs-core:FurnitureFittings 2025-04-30 SC124783 frs-core:FurnitureFittings 2024-05-01 2025-04-30 SC124783 frs-core:FurnitureFittings 2024-04-30 SC124783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-30 SC124783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 SC124783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 SC124783 frs-core:MotorVehicles 2025-04-30 SC124783 frs-core:MotorVehicles 2024-05-01 2025-04-30 SC124783 frs-core:MotorVehicles 2024-04-30 SC124783 frs-core:ShareCapital 2025-04-30 SC124783 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 SC124783 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC124783 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 SC124783 frs-bus:SmallEntities 2024-05-01 2025-04-30 SC124783 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 SC124783 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC124783 frs-core:CostValuation 2024-04-30 SC124783 frs-core:AdditionsToInvestments 2025-04-30 SC124783 frs-core:CostValuation 2025-04-30 SC124783 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 SC124783 frs-core:ProvisionsForImpairmentInvestments 2025-04-30 SC124783 frs-bus:Director1 2024-05-01 2025-04-30 SC124783 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 SC124783 frs-countries:Scotland 2024-05-01 2025-04-30 SC124783 2023-04-30 SC124783 2024-04-30 SC124783 2023-05-01 2024-04-30 SC124783 frs-core:CurrentFinancialInstruments 2024-04-30 SC124783 frs-core:ShareCapital 2024-04-30 SC124783 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: SC124783
Love For Diamonds Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC124783
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,703 108,813
Investments 5 683,424 648,424
749,127 757,237
CURRENT ASSETS
Stocks 6 691,613 716,724
Debtors 7 7,715 10,582
Cash at bank and in hand 395,435 358,172
1,094,763 1,085,478
Creditors: Amounts Falling Due Within One Year 8 (123,826 ) (98,652 )
NET CURRENT ASSETS (LIABILITIES) 970,937 986,826
TOTAL ASSETS LESS CURRENT LIABILITIES 1,720,064 1,744,063
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,823 ) (6,431 )
NET ASSETS 1,715,241 1,737,632
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 1,715,239 1,737,630
SHAREHOLDERS' FUNDS 1,715,241 1,737,632
Page 1
Page 2
For the year ending 30 April 2025 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 her 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
Anne Love
Director
7th October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Love For Diamonds Limited is a private company, limited by shares, incorporated in Scotland, registered number SC124783 . The registered office is 5 St.Vincent Place, Glasgow, G1 2DH.
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.
2.3. 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:
Freehold Buildings depreciated over 20 years
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. 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.
2.5. 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: 6 (2024: 6)
6 6
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2024 83,966 70,460 61,909 216,335
Disposals (40,000 ) - - (40,000 )
As at 30 April 2025 43,966 70,460 61,909 176,335
Depreciation
As at 1 May 2024 9,000 40,735 57,787 107,522
Provided during the period 228 7,431 1,031 8,690
Disposals (5,580 ) - - (5,580 )
As at 30 April 2025 3,648 48,166 58,818 110,632
Net Book Value
As at 30 April 2025 40,318 22,294 3,091 65,703
As at 1 May 2024 74,966 29,725 4,122 108,813
5. Investments
Other
£
Cost or Valuation
As at 1 May 2024 648,424
Additions 35,000
As at 30 April 2025 683,424
Provision
As at 1 May 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 683,424
As at 1 May 2024 648,424
6. Stocks
2025 2024
£ £
Stock 691,613 716,724
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,485 5,571
Prepayments and accrued income 6,230 5,011
7,715 10,582
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 60,004 27,467
Bank loans and overdrafts 3,369 1,236
Corporation tax 7,807 7,746
Other taxes and social security 3,396 2,293
VAT 11,250 9,261
Employee pension - 249
Accruals and deferred income - 2,400
Director's loan account 38,000 48,000
123,826 98,652
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 5