Acorah Software Products - Accounts Production 16.7.461 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 SC250653 Mr Gary Maskame Mr Scott Maskame iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC250653 2024-06-30 SC250653 2025-06-30 SC250653 2024-07-01 2025-06-30 SC250653 frs-core:CurrentFinancialInstruments 2025-06-30 SC250653 frs-core:Non-currentFinancialInstruments 2025-06-30 SC250653 frs-core:BetweenOneFiveYears 2025-06-30 SC250653 frs-core:ComputerEquipment 2025-06-30 SC250653 frs-core:ComputerEquipment 2024-07-01 2025-06-30 SC250653 frs-core:ComputerEquipment 2024-06-30 SC250653 frs-core:NetGoodwill 2025-06-30 SC250653 frs-core:NetGoodwill 2024-07-01 2025-06-30 SC250653 frs-core:NetGoodwill 2024-06-30 SC250653 frs-core:MotorVehicles 2025-06-30 SC250653 frs-core:MotorVehicles 2024-07-01 2025-06-30 SC250653 frs-core:MotorVehicles 2024-06-30 SC250653 frs-core:PlantMachinery 2025-06-30 SC250653 frs-core:PlantMachinery 2024-07-01 2025-06-30 SC250653 frs-core:PlantMachinery 2024-06-30 SC250653 frs-core:WithinOneYear 2025-06-30 SC250653 frs-core:CapitalRedemptionReserve 2024-06-30 SC250653 frs-core:CapitalRedemptionReserve 2025-06-30 SC250653 frs-core:RevaluationReserve 2024-06-30 SC250653 frs-core:RevaluationReserve 2025-06-30 SC250653 frs-core:ShareCapital 2025-06-30 SC250653 frs-core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 SC250653 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-06-30 SC250653 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 SC250653 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC250653 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 SC250653 frs-bus:SmallEntities 2024-07-01 2025-06-30 SC250653 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC250653 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC250653 frs-bus:Director1 2024-07-01 2025-06-30 SC250653 frs-bus:Director2 2024-07-01 2025-06-30 SC250653 frs-bus:Director2 2024-06-30 SC250653 frs-bus:Director2 2025-06-30 SC250653 frs-core:CurrentFinancialInstruments 5 2025-06-30 SC250653 frs-countries:Scotland 2024-07-01 2025-06-30 SC250653 2023-06-30 SC250653 2024-06-30 SC250653 2023-07-01 2024-06-30 SC250653 frs-core:CurrentFinancialInstruments 2024-06-30 SC250653 frs-core:Non-currentFinancialInstruments 2024-06-30 SC250653 frs-core:BetweenOneFiveYears 2024-06-30 SC250653 frs-core:WithinOneYear 2024-06-30 SC250653 frs-core:CapitalRedemptionReserve 2024-06-30 SC250653 frs-core:RevaluationReserve 2024-06-30 SC250653 frs-core:ShareCapital 2024-06-30 SC250653 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC250653 frs-core:CurrentFinancialInstruments 3 2024-06-30 SC250653 frs-core:CurrentFinancialInstruments 4 2024-06-30 SC250653 frs-core:CurrentFinancialInstruments 5 2024-06-30
Registered number: SC250653
Maskame & Tait Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2025
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC250653
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,600 12,000
Tangible Assets 5 88,456 93,838
Investment Properties 6 60,000 60,000
158,056 165,838
CURRENT ASSETS
Stocks 7 42,324 40,108
Debtors 8 431,387 347,810
Cash at bank and in hand 860 22,477
474,571 410,395
Creditors: Amounts Falling Due Within One Year 9 (278,814 ) (302,147 )
NET CURRENT ASSETS (LIABILITIES) 195,757 108,248
TOTAL ASSETS LESS CURRENT LIABILITIES 353,813 274,086
Creditors: Amounts Falling Due After More Than One Year 10 (7,500 ) (5,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,126 ) -
NET ASSETS 326,187 268,253
CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 14 19,271 19,271
Capital redemption reserve 82,000 82,000
Profit and Loss Account 224,816 166,882
SHAREHOLDERS' FUNDS 326,187 268,253
Page 1
Page 2
For the year ending 30 June 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 Gary Maskame
Director
Mr Scott Maskame
Director
25/11/2025
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
Maskame & Tait Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC250653 . The registered office is 9 St Peter Street, Petehead, AB42 1QB.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 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 20% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 33% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
2.7. 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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2.8. 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 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: 21 (2024: 21)
21 21
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2024 60,000
As at 30 June 2025 60,000
Amortisation
As at 1 July 2024 48,000
Provided during the period 2,400
As at 30 June 2025 50,400
Net Book Value
As at 30 June 2025 9,600
As at 1 July 2024 12,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 77,266 217,514 1,553 296,333
Additions - 18,500 - 18,500
Disposals - (10,500 ) - (10,500 )
As at 30 June 2025 77,266 225,514 1,553 304,333
Depreciation
As at 1 July 2024 52,719 148,223 1,553 202,495
...CONTINUED
Page 4
Page 5
Provided during the period 4,909 18,973 - 23,882
Disposals - (10,500 ) - (10,500 )
As at 30 June 2025 57,628 156,696 1,553 215,877
Net Book Value
As at 30 June 2025 19,638 68,818 - 88,456
As at 1 July 2024 24,547 69,291 - 93,838
6. Investment Property
2025
£
Fair Value
As at 1 July 2024 and 30 June 2025 60,000
7. Stocks
2025 2024
£ £
Stock 23,800 15,450
Work in progress 18,524 24,658
42,324 40,108
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 396,922 295,644
Other debtors 33,092 51,092
Directors' loan accounts 1,373 1,074
431,387 347,810
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,999 14,705
Trade creditors 104,432 18,461
Bank loans and overdrafts 6,711 42,287
Corporation tax 19,695 (18 )
Other taxes and social security 22,241 12,909
VAT 93,997 150,848
Pension Creditor - 2,289
AMEX Credit Card - 28,629
RBS Credit Card 2,042 730
Accruals and deferred income 12,697 6,308
Directors' loan accounts 10,000 24,999
278,814 302,147
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10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,500 5,833
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,999 14,705
Later than one year and not later than five years 7,500 5,833
14,499 20,538
14,499 20,538
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
100 ordinary shares have been bought back for consideration of £82,100.
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 30 June 2025
£ £ £ £ £
Mr Scott Maskame 1,074 4,082 (3,783 ) - 1,373
The above loan is unsecured, interest free and repayable on demand.
14. Reserves
Revaluation reserve Capital Redemption Profit and Loss Account
£ £ £
As at 1 July 2024 19,271 82,000 166,882
Profit for the year and total comprehensive income - - 117,934
Dividends paid - - (60,000)
As at 30 June 2025 19,271 82,000 224,816
15. Related Party Transactions
Included within other debtors is £33,092 due from Maskame Property Ltd, a company in which a director has a significant interest. The balance is unsecured, interest-free and repayable on demand. 
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