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Registered number: SC231859
S A S (Satellites & Aerials) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Paul Blaney
Chartered Accountant
18 Talbot Crescent
Coatbridge
ML5 5GB
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC231859
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,562 8,624
17,562 8,624
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 23,912 22,741
Cash at bank and in hand 17,797 61,315
43,209 85,556
Creditors: Amounts Falling Due Within One Year 7 (26,677 ) (42,060 )
NET CURRENT ASSETS (LIABILITIES) 16,532 43,496
TOTAL ASSETS LESS CURRENT LIABILITIES 34,094 52,120
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,003 ) (1,656 )
NET ASSETS 33,091 50,464
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 32,091 49,464
SHAREHOLDERS' FUNDS 33,091 50,464
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.
The financial statements were approved by the board of directors on 26 December 2025 and were signed on its behalf by:
Mr Christopher McLaren
Director
26/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 1,000 33,359 34,359
Profit for the year and total comprehensive income - 36,105 36,105
Dividends paid - (20,000) (20,000)
As at 31 March 2024 and 1 April 2024 1,000 49,464 50,464
Profit for the year and total comprehensive income - 8,127 8,127
Dividends paid - (25,500) (25,500)
As at 31 March 2025 1,000 32,091 33,091
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S A S (Satellites & Aerials) Limited Registered number SC231859 is a limited by shares company incorporated in Scotland. The Registered Office is Flat 1/3, 4 Scapa Way, Stepps, Glasgow, G33 6GL.
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:
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account 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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
Manufacturing 3 3
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 23,280 20,534 2,075 5,988 51,877
Additions - 13,068 1,137 791 14,996
As at 31 March 2025 23,280 33,602 3,212 6,779 66,873
Depreciation
As at 1 April 2024 23,280 12,188 2,053 5,732 43,253
Provided during the period - 5,354 290 414 6,058
As at 31 March 2025 23,280 17,542 2,343 6,146 49,311
Net Book Value
As at 31 March 2025 - 16,060 869 633 17,562
As at 1 April 2024 - 8,346 22 256 8,624
5. Stocks
2025 2024
£ £
Stock 1,500 1,500
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 17,727 13,710
Prepayments and accrued income 905 1,408
Other debtors 5,103 5,103
VAT - 2,343
Other taxes and social security 177 177
23,912 22,741
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,461 12,102
Corporation tax 4,410 11,536
VAT 541 -
Other creditors 1,343 3,794
Accruals and deferred income 11,257 11,457
Directors' loan accounts 665 3,171
26,677 42,060
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 1,003 1,656
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 1,656 1,656
Deferred taxation (653 ) (653 )
Balance at 31 March 2025 1,003 1,003
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5
Page 6
11. Other Commitments
At the end of the period the company had annual commitments under non-cancellable operating leases as follows:
2025 2024
£ £
Later than one year and not later than five years 11,250 11,250
11,250 11,250
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Christopher McLaren 12,750 10,000
Mrs Susan McLaren 12,750 10,000
13. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 25,500 20,000
14. Related Party Transactions
Included in creditors is a balance due to the director, Mr C McLaren. of £665 (2024 - £3,171).
15. Ultimate Controlling Party
The company is under the control of the directors, Mr & Mrs McLaren. By virtue of ownership of 100% of the issued share capital in the company.
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