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 SC300058 Mr John Hagan Mrs Aileen Hagan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC300058 2024-03-31 SC300058 2025-03-31 SC300058 2024-04-01 2025-03-31 SC300058 frs-core:CurrentFinancialInstruments 2025-03-31 SC300058 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 SC300058 frs-core:FurnitureFittings 2025-03-31 SC300058 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC300058 frs-core:FurnitureFittings 2024-03-31 SC300058 frs-core:NetGoodwill 2025-03-31 SC300058 frs-core:NetGoodwill 2024-04-01 2025-03-31 SC300058 frs-core:NetGoodwill 2024-03-31 SC300058 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 SC300058 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 SC300058 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SC300058 frs-core:MotorVehicles 2025-03-31 SC300058 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC300058 frs-core:MotorVehicles 2024-03-31 SC300058 frs-core:OtherResidualIntangibleAssets 2025-03-31 SC300058 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 SC300058 frs-core:OtherResidualIntangibleAssets 2024-03-31 SC300058 frs-core:PlantMachinery 2025-03-31 SC300058 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC300058 frs-core:PlantMachinery 2024-03-31 SC300058 frs-core:WithinOneYear 2025-03-31 SC300058 frs-core:ShareCapital 2025-03-31 SC300058 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC300058 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC300058 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC300058 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC300058 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC300058 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC300058 frs-bus:Director1 2024-04-01 2025-03-31 SC300058 frs-bus:Director2 2024-04-01 2025-03-31 SC300058 frs-countries:Scotland 2024-04-01 2025-03-31 SC300058 2023-03-31 SC300058 2024-03-31 SC300058 2023-04-01 2024-03-31 SC300058 frs-core:CurrentFinancialInstruments 2024-03-31 SC300058 frs-core:WithinOneYear 2024-03-31 SC300058 frs-core:ShareCapital 2024-03-31 SC300058 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC300058
A.A. Hagan Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
K M Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC300058
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,640 4,148
Tangible Assets 5 189,253 200,551
191,893 204,699
CURRENT ASSETS
Stocks 6 63,586 68,238
Debtors 7 267,933 319,590
Cash at bank and in hand 278,471 212,970
609,990 600,798
Creditors: Amounts Falling Due Within One Year 8 (256,406 ) (328,407 )
NET CURRENT ASSETS (LIABILITIES) 353,584 272,391
TOTAL ASSETS LESS CURRENT LIABILITIES 545,477 477,090
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,677 ) (41,194 )
NET ASSETS 507,800 435,896
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 507,700 435,796
SHAREHOLDERS' FUNDS 507,800 435,896
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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 John Hagan
Director
11/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A.A. Hagan Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC300058 . The registered office is Hadley, Prieston Road, Bridge Of Weir, Renfrewshire, PA11 3AW.
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 - Other Intangible
Other intangible assets is Computer Software. It is amortised to profit and loss account over its estimated economic life of 3 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:
Leasehold 10% straight line
Plant & Machinery 5% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
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.
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2.7. 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: 14 (2024: 13)
14 13
4. Intangible Assets
Goodwill Computer Software Total
£ £ £
Cost
As at 1 April 2024 400,000 4,525 404,525
As at 31 March 2025 400,000 4,525 404,525
Amortisation
As at 1 April 2024 400,000 377 400,377
Provided during the period - 1,508 1,508
As at 31 March 2025 400,000 1,885 401,885
Net Book Value
As at 31 March 2025 - 2,640 2,640
As at 1 April 2024 - 4,148 4,148
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 15,344 239,238 35,260 50,009 339,851
Additions 1,262 3,753 - 3,045 8,060
Disposals - - (14,200 ) - (14,200 )
As at 31 March 2025 16,606 242,991 21,060 53,054 333,711
Depreciation
As at 1 April 2024 14,848 51,000 26,836 46,616 139,300
Provided during the period 197 12,149 4,212 2,800 19,358
Disposals - - (14,200 ) - (14,200 )
As at 31 March 2025 15,045 63,149 16,848 49,416 144,458
Net Book Value
As at 31 March 2025 1,561 179,842 4,212 3,638 189,253
As at 1 April 2024 496 188,238 8,424 3,393 200,551
6. Stocks
2025 2024
£ £
Stock 63,586 68,238
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 243,882 272,316
Prepayments and accrued income 6,387 7,617
VAT 16,490 39,657
Net wages 1,174 -
267,933 319,590
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 22,349
Trade creditors 144,213 183,585
Other loans 28,599 28,599
Corporation tax 54,211 63,045
Other taxes and social security 5,048 3,877
Net wages - 27
...CONTINUED
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Page 6
Other creditors 1,046 832
Accruals and deferred income 2,341 5,145
Directors' loan accounts 20,948 20,948
256,406 328,407
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 22,349
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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