Acorah Software Products - Accounts Production 16.7.461 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC226800 Mr Daniel Switon Switon & Lawson Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC226800 2024-03-31 SC226800 2025-03-31 SC226800 2024-04-01 2025-03-31 SC226800 frs-core:CurrentFinancialInstruments 2025-03-31 SC226800 frs-core:Non-currentFinancialInstruments 2025-03-31 SC226800 frs-core:BetweenOneFiveYears 2025-03-31 SC226800 frs-core:ComputerEquipment 2025-03-31 SC226800 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC226800 frs-core:ComputerEquipment 2024-03-31 SC226800 frs-core:FurnitureFittings 2025-03-31 SC226800 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC226800 frs-core:FurnitureFittings 2024-03-31 SC226800 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 SC226800 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 SC226800 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC226800 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC226800 frs-core:MotorVehicles 2025-03-31 SC226800 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC226800 frs-core:MotorVehicles 2024-03-31 SC226800 frs-core:PlantMachinery 2025-03-31 SC226800 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC226800 frs-core:PlantMachinery 2024-03-31 SC226800 frs-core:WithinOneYear 2025-03-31 SC226800 frs-core:ShareCapital 2025-03-31 SC226800 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC226800 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC226800 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC226800 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC226800 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC226800 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC226800 1 2024-04-01 2025-03-31 SC226800 frs-bus:Director1 2024-04-01 2025-03-31 SC226800 frs-countries:Scotland 2024-04-01 2025-03-31 SC226800 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 SC226800 2023-03-31 SC226800 2024-03-31 SC226800 2023-04-01 2024-03-31 SC226800 frs-core:CurrentFinancialInstruments 2024-03-31 SC226800 frs-core:Non-currentFinancialInstruments 2024-03-31 SC226800 frs-core:BetweenOneFiveYears 2024-03-31 SC226800 frs-core:WithinOneYear 2024-03-31 SC226800 frs-core:ShareCapital 2024-03-31 SC226800 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC226800
Atlas Lifts and Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—8
Page 1
Statement of Financial Position
Registered number: SC226800
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 311,649 315,323
311,649 315,323
CURRENT ASSETS
Stocks 5 23,313 26,813
Debtors 6 183,733 218,549
Cash at bank and in hand 6,512 11,776
213,558 257,138
Creditors: Amounts Falling Due Within One Year 7 (368,759 ) (316,451 )
NET CURRENT ASSETS (LIABILITIES) (155,201 ) (59,313 )
TOTAL ASSETS LESS CURRENT LIABILITIES 156,448 256,010
Creditors: Amounts Falling Due After More Than One Year 8 (94,041 ) (97,640 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (494 ) (7,500 )
NET ASSETS 61,913 150,870
CAPITAL AND RESERVES
Called up share capital 12 2 2
Income Statement 61,911 150,868
SHAREHOLDERS' FUNDS 61,913 150,870
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Daniel Switon
Director
28/11/2025
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Atlas Lifts and Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC226800 . The registered office is 1 Hanover Street, Aberdeen, AB11 5GE.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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
Leasehold 25% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% 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 income statement 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 income statement 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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the income statement 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 income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement 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 income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 20 12
20 12
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 326,166 23,539 92,152 38,991
Additions - 439 23,670 -
Disposals - - (64,873 ) -
As at 31 March 2025 326,166 23,978 50,949 38,991
Depreciation
As at 1 April 2024 43,863 20,489 66,553 35,353
Provided during the period 6,523 1,747 6,716 2,373
Disposals - - (48,079 ) -
As at 31 March 2025 50,386 22,236 25,190 37,726
Net Book Value
As at 31 March 2025 275,780 1,742 25,759 1,265
As at 1 April 2024 282,303 3,050 25,599 3,638
Computer Equipment Total
£ £
Cost
As at 1 April 2024 173,709 654,557
Additions 7,798 31,907
Disposals - (64,873 )
As at 31 March 2025 181,507 621,591
Depreciation
As at 1 April 2024 172,976 339,234
Provided during the period 1,428 18,787
Disposals - (48,079 )
As at 31 March 2025 174,404 309,942
Net Book Value
As at 31 March 2025 7,103 311,649
As at 1 April 2024 733 315,323
5. Stocks
2025 2024
£ £
Stock 23,313 26,813
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 153,621 197,379
Prepayments and accrued income 30,112 15,912
Other debtors - 5,258
183,733 218,549
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 1,663
Trade creditors 160,315 108,705
Bank loans and overdrafts 45,604 40,795
Corporation tax 52,312 50,817
Other taxes and social security 12,088 15,242
VAT 66,230 38,627
Other creditors 2,614 4,737
Accruals and deferred income 42,266 55,529
Director's loan account - 241
Amounts owed to parent undertaking (12,670 ) 95
368,759 316,451
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 94,041 97,640
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans - 76,536
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 1,663
Bank loans and overdrafts 97,713 100,873
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10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 1,663
Later than one year and not later than five years - -
- 1,663
- 1,663
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 494 7,500
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 4,103 9,853
Later than one year and not later than five years 12,998 35,767
17,101 45,620
14. Pension Commitments
The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £2,341 (2024: £2,591) were due to the fund. They are included in Other Creditors.
15. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 150,000 134,000
16. Related Party Transactions
Switon & Lawson LimitedParent undertakingThe company owes Switon & Lawson Limited £95 (2023: £310). During the year the company paid dividends amounting to £134,000 (2023: £139,000).

Switon & Lawson Limited

Parent undertaking

The company owes Switon & Lawson Limited £95 (2023: £310). During the year the company paid dividends amounting to £134,000 (2023: £139,000).

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17. Ultimate Controlling Party
The company's ultimate controlling party is Switon & Lawson Ltd by virtue of their ownership of 100% of the issued share capital in the company.
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