Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC266752 Mr Mohsin Majeed Mr Sajid Majeed Mr Sajid Majeed Majeed Holdings Limited 490 Victoria Road, Glasgow, Lanarkshire, Scotland, G42 8YJ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC266752 2024-03-31 SC266752 2025-03-31 SC266752 2024-04-01 2025-03-31 SC266752 frs-core:CurrentFinancialInstruments 2025-03-31 SC266752 frs-core:Non-currentFinancialInstruments 2025-03-31 SC266752 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 SC266752 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 SC266752 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SC266752 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC266752 frs-core:PlantMachinery 2025-03-31 SC266752 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC266752 frs-core:PlantMachinery 2024-03-31 SC266752 frs-core:ShareCapital 2025-03-31 SC266752 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC266752 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC266752 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC266752 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC266752 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC266752 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC266752 1 2024-04-01 2025-03-31 SC266752 frs-bus:Director1 2024-04-01 2025-03-31 SC266752 frs-bus:Director2 2024-04-01 2025-03-31 SC266752 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC266752 frs-countries:Scotland 2024-04-01 2025-03-31 SC266752 2023-03-31 SC266752 2024-03-31 SC266752 2023-04-01 2024-03-31 SC266752 frs-core:CurrentFinancialInstruments 2024-03-31 SC266752 frs-core:Non-currentFinancialInstruments 2024-03-31 SC266752 frs-core:ShareCapital 2024-03-31 SC266752 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC266752
Inex Homecare (Scotland) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: SC266752
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,960 17,666
14,960 17,666
CURRENT ASSETS
Stocks 5 111,701 55,201
Debtors 6 132,913 41,461
Cash at bank and in hand 35,259 79,810
279,873 176,472
Creditors: Amounts Falling Due Within One Year 7 (217,695 ) (123,693 )
NET CURRENT ASSETS (LIABILITIES) 62,178 52,779
TOTAL ASSETS LESS CURRENT LIABILITIES 77,138 70,445
Creditors: Amounts Falling Due After More Than One Year 8 (4,167 ) (14,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (263 ) (452 )
NET ASSETS 72,708 55,826
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 72,608 55,726
SHAREHOLDERS' FUNDS 72,708 55,826
Page 1
Page 2
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
Mr Sajid Majeed
Director
24/12/2025
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
Inex Homecare (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC266752 . The registered office is 490 Victoria Road, Crosshill, Glasgow, G42 8YJ.
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 have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The financial statements have been prepared on a going concern basis, despite the fact that liabilities exceed assets.

The directors have given an undertaking to support the company until it returns to a net assets position. The directors therefore consider that it is appropriate to prepare the accounts on the going concern basis.
2.3. 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.
2.4. 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:
Leasehold 10% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
2.5. 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 income statement 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 income statement as incurred.
2.6. 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.
Page 3
Page 4
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
2.9. Government Grant
Government grants are recognised in the income statement 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 income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement 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 income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 12)
13 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 17,071 3,995 21,066
As at 31 March 2025 17,071 3,995 21,066
Depreciation
As at 1 April 2024 1,786 1,614 3,400
Provided during the period 1,707 999 2,706
As at 31 March 2025 3,493 2,613 6,106
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2025 13,578 1,382 14,960
As at 1 April 2024 15,285 2,381 17,666
5. Stocks
2025 2024
£ £
Finished goods 111,701 55,201
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,342 1,822
Prepayments and accrued income 14,691 14,691
Other debtors 114,880 24,948
132,913 41,461
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 55,205 73,323
Bank loans and overdrafts 12,194 10,000
Corporation tax 5,293 8,099
Other taxes and social security 5,125 4,398
VAT 10,648 6,279
Net wages 15,540 12,411
Other creditors 5,524 1,359
Accruals and deferred income 10,393 4,110
Directors' loan accounts 97,773 3,714
217,695 123,693
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,167 14,167
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Pension Commitments
The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £404 (2023: £426) were due to the fund. They are included in Other Creditors.
Page 5
Page 6
11. Related Party Transactions
In-Ex Homecare LimitedFellow subsidiary undertakingIn-Ex Homecare Ltd owes the company Nil (2023: £13,366 ). The funds were advanced to assist with the working capital requirements. A provision for bad debts of £15,592 was provided for the balance owed by In-Ex Homecare Limited. The amount is not likely to be be recovered as the company is in liquidation.

In-Ex Homecare Limited

Fellow subsidiary undertaking

In-Ex Homecare Ltd owes the company Nil (2023: £13,366 ). The funds were advanced to assist with the working capital requirements. A provision for bad debts of £15,592 was provided for the balance owed by In-Ex Homecare Limited. The amount is not likely to be be recovered as the company is in liquidation.

12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Majeed Holdings Limited . Majeed Holdings Limited was incorporated in Scotland. The group qualifies as a small group in the UK and therefore the group accounts were not prepared. The ultimate controlling party is Majeed Holdings Limited who controls 100% of the shares of Inex Homecare (Scotland) Limited .
Page 6