Acorah Software Products - Accounts Production 16.6.950 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC140976 Mrs A Ray Mr D Ray Mrs A Ray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC140976 2024-03-31 SC140976 2025-03-31 SC140976 2024-04-01 2025-03-31 SC140976 frs-core:CurrentFinancialInstruments 2025-03-31 SC140976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 SC140976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC140976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC140976 frs-core:OtherReservesSubtotal 2025-03-31 SC140976 frs-core:ShareCapital 2025-03-31 SC140976 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC140976 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC140976 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC140976 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC140976 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC140976 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC140976 frs-bus:Director1 2024-04-01 2025-03-31 SC140976 frs-bus:Director1 2024-03-31 SC140976 frs-bus:Director1 2025-03-31 SC140976 frs-bus:Director2 2024-04-01 2025-03-31 SC140976 frs-bus:Director2 2024-03-31 SC140976 frs-bus:Director2 2025-03-31 SC140976 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC140976 frs-countries:Scotland 2024-04-01 2025-03-31 SC140976 2023-03-31 SC140976 2024-03-31 SC140976 2023-04-01 2024-03-31 SC140976 frs-core:CurrentFinancialInstruments 2024-03-31 SC140976 frs-core:OtherReservesSubtotal 2024-03-31 SC140976 frs-core:ShareCapital 2024-03-31 SC140976 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC140976
Termspeed Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Nuvo Scotland Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Termspeed Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Termspeed Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Termspeed Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Termspeed Limited and state those matters that we have agreed to state to the directors of Termspeed Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Termspeed Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Termspeed Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Termspeed Limited . You consider that Termspeed Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Termspeed Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
10 December 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Balance Sheet
Registered number: SC140976
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 92,535 92,535
92,535 92,535
CURRENT ASSETS
Cash at bank and in hand 25 28
25 28
Creditors: Amounts Falling Due Within One Year 5 (28,282 ) (25,717 )
NET CURRENT ASSETS (LIABILITIES) (28,257 ) (25,689 )
TOTAL ASSETS LESS CURRENT LIABILITIES 64,278 66,846
NET ASSETS 64,278 66,846
CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 50,000 50,000
Profit and Loss Account 14,276 16,843
SHAREHOLDERS' FUNDS 64,278 66,845
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
Mrs A Ray
Director
10 December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Termspeed Limited is a private company, limited by shares, incorporated in Scotland, registered number SC140976 . The registered office is 2 Perwinnes Cottage, Dyce, Aberdeen, AB21 7AR.
The presentation currency of the financial statements is the Pound Sterling (£).
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 believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading.
2.3. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
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 0% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2024 92,535
As at 31 March 2025 92,535
Net Book Value
As at 31 March 2025 92,535
As at 1 April 2024 92,535
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 930 -
Directors' loan accounts 27,352 25,717
28,282 25,717
Page 3
Page 4
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Arlene Ray (12,849 ) - (817 ) - (13,666 )
Mr David Ray (12,869 ) - (817 ) - (13,686 )
The above loans are interest free and have no fixed repayment terms.
Page 4