Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC429295 James Arshad Nabeel Arshad iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC429295 2024-03-31 SC429295 2025-03-31 SC429295 2024-04-01 2025-03-31 SC429295 frs-core:CurrentFinancialInstruments 2025-03-31 SC429295 frs-core:FurnitureFittings 2025-03-31 SC429295 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC429295 frs-core:FurnitureFittings 2024-03-31 SC429295 frs-core:MotorVehicles 2025-03-31 SC429295 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC429295 frs-core:MotorVehicles 2024-03-31 SC429295 frs-core:PlantMachinery 2025-03-31 SC429295 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC429295 frs-core:PlantMachinery 2024-03-31 SC429295 frs-core:ShareCapital 2025-03-31 SC429295 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC429295 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC429295 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC429295 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC429295 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC429295 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC429295 frs-bus:Director1 2024-04-01 2025-03-31 SC429295 frs-bus:Director2 2024-04-01 2025-03-31 SC429295 frs-countries:Scotland 2024-04-01 2025-03-31 SC429295 2023-03-31 SC429295 2024-03-31 SC429295 2023-04-01 2024-03-31 SC429295 frs-core:CurrentFinancialInstruments 2024-03-31 SC429295 frs-core:ShareCapital 2024-03-31 SC429295 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC429295
Auto-Safe (Newton) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: SC429295
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 91,671 57,758
91,671 57,758
CURRENT ASSETS
Debtors 5 3,379 5,269
Cash at bank and in hand 50,174 64,435
53,553 69,704
Creditors: Amounts Falling Due Within One Year 6 (76,736 ) (68,957 )
NET CURRENT ASSETS (LIABILITIES) (23,183 ) 747
TOTAL ASSETS LESS CURRENT LIABILITIES 68,488 58,505
NET ASSETS 68,488 58,505
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 68,388 58,405
SHAREHOLDERS' FUNDS 68,488 58,505
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 Income Statement.
On behalf of the board
Nabeel Arshad
Director
19th August 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Auto-Safe (Newton) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC429295 . The registered office is Newton Brae, Westburn Road, Cambuslang, Glasgow, G72 7UW.
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.
2.3. 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. 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: 6 (2024: 6)
6 6
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 24,183 45,244 31,759 101,186
Additions 5,391 59,077 - 64,468
As at 31 March 2025 29,574 104,321 31,759 165,654
Depreciation
As at 1 April 2024 1,315 21,742 20,371 43,428
Provided during the period 7,064 20,644 2,847 30,555
As at 31 March 2025 8,379 42,386 23,218 73,983
Net Book Value
As at 31 March 2025 21,195 61,935 8,541 91,671
As at 1 April 2024 22,868 23,502 11,388 57,758
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,379 5,269
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,582 8,282
Bank loans and overdrafts 19,310 28,861
Other creditors 3,669 2,076
Taxation and social security 41,175 29,738
76,736 68,957
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3