Acorah Software Products - Accounts Production 16.6.950 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC609629 Mr Alberto Borin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC609629 2023-12-31 SC609629 2024-12-31 SC609629 2024-01-01 2024-12-31 SC609629 frs-core:CurrentFinancialInstruments 2024-12-31 SC609629 frs-core:Non-currentFinancialInstruments 2024-12-31 SC609629 frs-core:ComputerEquipment 2024-12-31 SC609629 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC609629 frs-core:ComputerEquipment 2023-12-31 SC609629 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 SC609629 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 SC609629 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 SC609629 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC609629 frs-core:MotorVehicles 2024-12-31 SC609629 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC609629 frs-core:MotorVehicles 2023-12-31 SC609629 frs-core:OtherResidualIntangibleAssets 2024-12-31 SC609629 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 SC609629 frs-core:OtherResidualIntangibleAssets 2023-12-31 SC609629 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC609629 frs-core:ShareCapital 2024-12-31 SC609629 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC609629 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC609629 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC609629 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC609629 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC609629 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC609629 frs-bus:Director1 2024-01-01 2024-12-31 SC609629 frs-countries:Scotland 2024-01-01 2024-12-31 SC609629 2022-12-31 SC609629 2023-12-31 SC609629 2023-01-01 2023-12-31 SC609629 frs-core:CurrentFinancialInstruments 2023-12-31 SC609629 frs-core:Non-currentFinancialInstruments 2023-12-31 SC609629 frs-core:ShareCapital 2023-12-31 SC609629 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC609629
Lafferty & Sons Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Lafferty & Sons Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Lafferty & Sons Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: SC609629

| 2024 | 2023 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 42,048 |  | 47,304
Tangible Assets | 5 |  | 42,723 |  | 15,235
|  |  | 84,771 |  | 62,539
CURRENT ASSETS
Stocks | 6 | 53,219 |  | 53,219 |
Debtors | 7 | 40,882 |  | 125,073 |
Cash at bank and in hand |  | 2,868 |  | 13,682 |
|  | 96,969 |  | 191,974 |
Creditors: Amounts Falling Due Within One Year | 8 | (117,671 ) |  | (191,275 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (20,702 ) |  | 699
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 64,069 |  | 63,238
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (55,529 ) |  | (30,294 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | - |  | (1,058 )
NET ASSETS |  |  | 8,540 |  | 31,886
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 8,440 |  | 31,786
SHAREHOLDERS' FUNDS |  |  | 8,540 |  | 31,886

Page 1
Page 2
Lafferty & Sons Ltd
Balance Sheet (continued)
As At 31 December 2024
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 members have 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 Alberto Borin Director
10/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Lafferty & Sons Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Lafferty & Sons Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC609629 . The registered office is Summit House 4-5 Mitchell Street, Edinburgh, EH6 7BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities"
and the Companics Act 2006. The financial statements have been prepared under the historical cost convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable in relation to the sale of spirits, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of ten years.
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 | 25 years straight line
Plant & Machinery | 3 years straight line
Motor Vehicles | 4 years reducing balance
Computer Equipment | 3 years straight line

2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.
2.7. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.
Exchange differences are taken into account in arriving at the operating result.
Page 3
Page 4
Lafferty & Sons Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in cquity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enactedor substantively enacted by the year end and that are expected to apply to the reversal ofthe timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2024 | 52,560
As at 31 December 2024 | 52,560
Amortisation
As at 1 January 2024 | 5,256
Provided during the period | 5,256
As at 31 December 2024 | 10,512
Net Book Value
As at 31 December 2024 | 42,048
As at 1 January 2024 | 47,304

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Motor Vehicles | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 January 2024 | 10,652 | - | 7,167 | 17,819
Additions | 1,672 | 38,995 | 1,416 | 42,083
Disposals | - | - | (2,744 ) | (2,744 )
As at 31 December 2024 | 12,324 | 38,995 | 5,839 | 57,158

...CONTINUED
Page 4
Page 5
Lafferty & Sons Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024 | - | - | 2,584 | 2,584
Provided during the period | 476 | 9,749 | 2,616 | 12,841
Disposals | - | - | (990 ) | (990 )
As at 31 December 2024 | 476 | 9,749 | 4,210 | 14,435
Net Book Value
As at 31 December 2024 | 11,848 | 29,246 | 1,629 | 42,723
As at 1 January 2024 | 10,652 | - | 4,583 | 15,235

6. Stocks

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Stock | - |  | 53,219
Finished goods | 53,219 |  | -
| 53,219 |  | 53,219

7. Debtors

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 32,291 |  | 97,355
Other debtors | 8,591 |  | 27,718
| 40,882 |  | 125,073

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Trade creditors | 22,249 |  | 37,048
Bank loans and overdrafts | 3,704 |  | 11,468
Other loans | 6,875 |  | -
Other creditors | 51,038 |  | 131,685
Taxation and social security | 33,805 |  | 11,074
| 117,671 |  | 191,275

9. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Bank loans | 27,301 |  | 30,294
Other loans | 27,170 |  | -
Other creditors | 1,058 |  | -
| 55,529 |  | 30,294

Page 5
Page 6
Lafferty & Sons Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10. Share Capital

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Related Party Transactions
Included within 'Other creditors' are loans of £16,201 (2023 £50,543) due to the directors. These loans are interest free and repayable on demand.
Page 6