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 SC166548 Mr Ralph McNeill Mr Benjamin Phillips Mrs A Stringer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC166548 2024-03-31 SC166548 2025-03-31 SC166548 2024-04-01 2025-03-31 SC166548 frs-core:Non-currentFinancialInstruments 2025-03-31 SC166548 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC166548 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-01 2025-03-31 SC166548 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC166548 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC166548 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC166548 frs-core:ShareCapital 2025-03-31 SC166548 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC166548 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC166548 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 SC166548 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC166548 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC166548 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC166548 frs-bus:Director1 2024-04-01 2025-03-31 SC166548 frs-bus:Director2 2024-04-01 2025-03-31 SC166548 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC166548 frs-countries:Scotland 2024-04-01 2025-03-31 SC166548 2023-03-31 SC166548 2024-03-31 SC166548 2023-04-01 2024-03-31 SC166548 frs-core:Non-currentFinancialInstruments 2024-03-31 SC166548 frs-core:ShareCapital 2024-03-31 SC166548 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC166548
Safeglass (Europe) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
The Hansen Company
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: SC166548
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,931 14,664
Tangible Assets 5 124,398 184,621
138,329 199,285
CURRENT ASSETS
Stocks 29,000 45,000
Debtors 2,029,775 133,790
Cash at bank and in hand 130,629 311,114
2,189,404 489,904
Creditors: Amounts Falling Due Within One Year (1,769,544 ) (108,731 )
NET CURRENT ASSETS (LIABILITIES) 419,860 381,173
TOTAL ASSETS LESS CURRENT LIABILITIES 558,189 580,458
Creditors: Amounts Falling Due After More Than One Year (4,280 ) (13,210 )
NET ASSETS 553,909 567,248
CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Profit and Loss Account 533,909 547,248
SHAREHOLDERS' FUNDS 553,909 567,248
Page 1
Page 2
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Benjamin Phillips
Director
04/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Safeglass (Europe) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC166548 . The registered office is Nasmyth Building, Nasmyth Avenue, East Kilbride , G75 0QR.
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 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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents. It is amortised to the profit and loss account over its estimated economic life of twenty years.
2.4. 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 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account 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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account 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: 7 (2024: 6)
7 6
4. Intangible Assets
Total
£
Cost
As at 1 April 2024 35,067
As at 31 March 2025 35,067
Amortisation
As at 1 April 2024 20,403
Provided during the period 733
As at 31 March 2025 21,136
Net Book Value
As at 31 March 2025 13,931
As at 1 April 2024 14,664
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5. Tangible Assets
Total
£
Cost
As at 1 April 2024 437,791
Additions 2,210
Disposals (47,035 )
As at 31 March 2025 392,966
Depreciation
As at 1 April 2024 253,170
Provided during the period 32,750
Disposals (17,352 )
As at 31 March 2025 268,568
Net Book Value
As at 31 March 2025 124,398
As at 1 April 2024 184,621
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20,000 20,000
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