Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC084311 Mr Dennis Multon Mr Fraser Mills Mr Ronald Kitchin Mr Donald Liddiard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC084311 2024-03-31 SC084311 2025-03-31 SC084311 2024-04-01 2025-03-31 SC084311 frs-core:CurrentFinancialInstruments 2025-03-31 SC084311 frs-core:Non-currentFinancialInstruments 2025-03-31 SC084311 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 SC084311 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC084311 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC084311 frs-core:PlantMachinery 2025-03-31 SC084311 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC084311 frs-core:PlantMachinery 2024-03-31 SC084311 frs-core:SharePremium 2025-03-31 SC084311 frs-core:ShareCapital 2025-03-31 SC084311 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC084311 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC084311 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC084311 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC084311 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC084311 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC084311 frs-bus:Director1 2024-04-01 2025-03-31 SC084311 frs-bus:Director2 2024-04-01 2025-03-31 SC084311 frs-bus:Director3 2024-04-01 2025-03-31 SC084311 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC084311 frs-countries:Scotland 2024-04-01 2025-03-31 SC084311 2023-03-31 SC084311 2024-03-31 SC084311 2023-04-01 2024-03-31 SC084311 frs-core:CurrentFinancialInstruments 2024-03-31 SC084311 frs-core:Non-currentFinancialInstruments 2024-03-31 SC084311 frs-core:SharePremium 2024-03-31 SC084311 frs-core:ShareCapital 2024-03-31 SC084311 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC084311
Water of Leith 2000 Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC084311
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 352,790 380,240
352,790 380,240
CURRENT ASSETS
Debtors 5 169,892 95,904
Cash at bank and in hand 119,949 167,592
289,841 263,496
Creditors: Amounts Falling Due Within One Year 6 (45,466 ) (37,210 )
NET CURRENT ASSETS (LIABILITIES) 244,375 226,286
TOTAL ASSETS LESS CURRENT LIABILITIES 597,165 606,526
Creditors: Amounts Falling Due After More Than One Year 7 - (735 )
NET ASSETS 597,165 605,791
CAPITAL AND RESERVES
Called up share capital 8 75,600 75,600
Share premium account 223,050 223,050
Profit and Loss Account 298,515 307,141
SHAREHOLDERS' FUNDS 597,165 605,791
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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 Fraser Mills
Director
13/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Water of Leith 2000 Limited is a private company, limited by shares, incorporated in Scotland, registered number SC084311 . The registered office is Barge La Belle Esperance, Shore, Leith, Edinburgh, EH6 6QW.
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 FRS 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. 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 2% straight line
Plant & Machinery 25% Reducing balance
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2025 2024
Office and administration 3 3
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 28,945 824,562 853,507
As at 31 March 2025 28,945 824,562 853,507
Depreciation
As at 1 April 2024 - 473,267 473,267
Provided during the period - 27,450 27,450
As at 31 March 2025 - 500,717 500,717
Net Book Value
As at 31 March 2025 28,945 323,845 352,790
As at 1 April 2024 28,945 351,295 380,240
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,928 10,982
Prepayments and accrued income 2,932 1,171
Amounts owed by associates 60,000 -
78,860 12,153
Due after more than one year
Trade debtors 91,032 83,751
169,892 95,904
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,925 674
Corporation tax 4,936 3,178
Other taxes and social security 420 403
VAT 5,337 3,584
Other creditors 11,375 11,375
Accruals and deferred income 19,335 17,996
Amounts owed to associates 1,138 -
45,466 37,210
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Amounts owed to associates - 735
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 75,600 75,600
9. Related Party Transactions
Mills & Multon (Edinburgh) Limited  is owned and controlled by Fraser Mills and Dennis Multon who are the controlling directors  and shareholders of Water of Leith 2000 Limited (The Company)
On 29th October 2024 the Company lent £60,000 to Mills & Multon (Edinburgh) Limited. This loan is  unsecured  and interest free. As at 31st March 2025 the sum still  outstanding  from this advance was £60,000 (2024- £Nil)
Sundry costs  on behalf of the Company have been paid  on its behalf by Mills & Multon (Edinburgh) Limited and as at 31st March 2025 the sum due for repayment by the Company was £1,138 (2014 -£735)
From 1st January 2025 the management of the Company and its properties is being undertaken by Mills & Multon (Edinburgh) Limited which is charging the Company for the services of its staff. During the year ending 31st March 2025 it charged £1,775 for these services (2024- £Nil)
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