Acorah Software Products - Accounts Production 16.7.461 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC694094 Mr W C Choy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC694094 2023-12-31 SC694094 2024-12-31 SC694094 2024-01-01 2024-12-31 SC694094 frs-core:CurrentFinancialInstruments 2024-12-31 SC694094 frs-core:FurnitureFittings 2024-12-31 SC694094 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC694094 frs-core:FurnitureFittings 2023-12-31 SC694094 frs-core:ShareCapital 2024-12-31 SC694094 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC694094 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC694094 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC694094 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC694094 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC694094 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC694094 frs-bus:Director1 2024-01-01 2024-12-31 SC694094 frs-countries:Scotland 2024-01-01 2024-12-31 SC694094 2022-12-31 SC694094 2023-12-31 SC694094 2023-01-01 2023-12-31 SC694094 frs-core:CurrentFinancialInstruments 2023-12-31 SC694094 frs-core:ShareCapital 2023-12-31 SC694094 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC694094
M-ARDOE TRADECO LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC694094
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 275,331 189,842
275,331 189,842
CURRENT ASSETS
Stocks 5 48,375 52,518
Debtors 6 2,134,583 307,411
Cash at bank and in hand 446,524 127,794
2,629,482 487,723
Creditors: Amounts Falling Due Within One Year 7 (3,319,009 ) (1,101,894 )
NET CURRENT ASSETS (LIABILITIES) (689,527 ) (614,171 )
TOTAL ASSETS LESS CURRENT LIABILITIES (414,196 ) (424,329 )
NET LIABILITIES (414,196 ) (424,329 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (414,197 ) (424,330 )
SHAREHOLDERS' FUNDS (414,196) (424,329)
Page 1
Page 2
For the year ending 31 December 2024 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 Profit and Loss Account.
On behalf of the board
Mr W C Choy
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
M-ARDOE TRADECO LTD is a private company, limited by shares, incorporated in Scotland, registered number SC694094 . The registered office is Ardoe House Hotel, South Deeside Road, Aberdeen, AB12 5YP.
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. 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:
Fixtures & Fittings 10% Straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 70 (2023: 70)
70 70
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 224,547
Additions 119,937
As at 31 December 2024 344,484
Depreciation
As at 1 January 2024 34,705
Provided during the period 34,448
As at 31 December 2024 69,153
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 275,331
As at 1 January 2024 189,842
5. Stocks
2024 2023
£ £
Stock 48,375 52,518
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 294,435 102,992
Amounts owed by group undertakings 6,086 6,086
Other debtors 1,834,062 198,333
2,134,583 307,411
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 666,866 158,257
Amounts owed to group undertakings 605,394 -
Other creditors 1,321,588 651,101
Taxation and social security 725,161 292,536
3,319,009 1,101,894
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4