Acorah Software Products - Accounts Production 18.1.170 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 SC704565 Mr C MacLennan Mr C Thomson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC704565 2024-07-31 SC704565 2025-07-31 SC704565 2024-08-01 2025-07-31 SC704565 frs-core:CurrentFinancialInstruments 2025-07-31 SC704565 frs-core:BetweenOneFiveYears 2025-07-31 SC704565 frs-core:ComputerEquipment 2025-07-31 SC704565 frs-core:ComputerEquipment 2024-08-01 2025-07-31 SC704565 frs-core:ComputerEquipment 2024-07-31 SC704565 frs-core:NetGoodwill 2025-07-31 SC704565 frs-core:NetGoodwill 2024-08-01 2025-07-31 SC704565 frs-core:NetGoodwill 2024-07-31 SC704565 frs-core:WithinOneYear 2025-07-31 SC704565 frs-core:SharePremium 2025-07-31 SC704565 frs-core:ShareCapital 2025-07-31 SC704565 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 SC704565 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC704565 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 SC704565 frs-bus:SmallEntities 2024-08-01 2025-07-31 SC704565 frs-bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 SC704565 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 SC704565 frs-bus:Director1 2024-08-01 2025-07-31 SC704565 frs-bus:Director1 2024-07-31 SC704565 frs-bus:Director1 2025-07-31 SC704565 frs-bus:Director2 2024-08-01 2025-07-31 SC704565 frs-bus:Director2 2024-07-31 SC704565 frs-bus:Director2 2025-07-31 SC704565 frs-countries:Scotland 2024-08-01 2025-07-31 SC704565 2023-07-31 SC704565 2024-07-31 SC704565 2023-08-01 2024-07-31 SC704565 frs-core:CurrentFinancialInstruments 2024-07-31 SC704565 frs-core:BetweenOneFiveYears 2024-07-31 SC704565 frs-core:WithinOneYear 2024-07-31 SC704565 frs-core:SharePremium 2024-07-31 SC704565 frs-core:ShareCapital 2024-07-31 SC704565 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: SC704565
Albyn Associates Financial Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Nuvo Scotland Limited
Albyn Associates Financial Solutions Ltd
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—6

Page 1
Albyn Associates Financial Solutions Ltd
Accountants' Report
For The Year Ended 31 July 2025
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Albyn Associates Financial Solutions Ltd for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Albyn Associates Financial Solutions Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Albyn Associates Financial Solutions Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Albyn Associates Financial Solutions Ltd and state those matters that we have agreed to state to the directors of Albyn Associates Financial Solutions Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Albyn Associates Financial Solutions Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Albyn Associates Financial Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Albyn Associates Financial Solutions Ltd . You consider that Albyn Associates Financial Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Albyn Associates Financial Solutions Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

9 April 2026

Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Albyn Associates Financial Solutions Ltd
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: SC704565

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 279,701 |  | 193,333
Tangible Assets | 5 |  | 1,100 |  | -
|  |  | 280,801 |  | 193,333
CURRENT ASSETS
Debtors | 6 | 183,080 |  | 210,094 |
Cash at bank and in hand |  | 7,268 |  | 5,321 |
|  | 190,348 |  | 215,415 |
Creditors: Amounts Falling Due Within One Year | 7 | (139,903 ) |  | (77,496 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 50,445 |  | 137,919
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 331,246 |  | 331,252
NET ASSETS |  |  | 331,246 |  | 331,252
CAPITAL AND RESERVES
Called up share capital | 8 |  | 222,224 |  | 222,224
Share premium account |  |  | 108,872 |  | 108,872
Profit and Loss Account |  |  | 150 |  | 156
SHAREHOLDERS' FUNDS |  |  | 331,246 |  | 331,252

Page 2
Page 3
Albyn Associates Financial Solutions Ltd
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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.
On behalf of the board

Mr C MacLennan Director
9 April 2026

The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Albyn Associates Financial Solutions Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Albyn Associates Financial Solutions Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC704565 . The registered office is 50a Chapel Street, Aberdeen, AB10 1SN.
The presentation currency of the financial statements is the Pound Sterling (£).
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, rebates and value added taxes and any other sales taxes. Turnover includes revenue earned from the rendering of services.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
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:

Computer Equipment | 33% on cost

2.5. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Page 4
Page 5
Albyn Associates Financial Solutions Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 4)
6 4
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 August 2024 | 200,000
Additions | 101,440
As at 31 July 2025 | 301,440
Amortisation
As at 1 August 2024 | 6,667
Provided during the period | 15,072
As at 31 July 2025 | 21,739
Net Book Value
As at 31 July 2025 | 279,701
As at 1 August 2024 | 193,333

5. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 August 2024 | -
Additions | 1,199
As at 31 July 2025 | 1,199
Depreciation
As at 1 August 2024 | -
Provided during the period | 99
As at 31 July 2025 | 99
Net Book Value
As at 31 July 2025 | 1,100
As at 1 August 2024 | -

Page 5
Page 6
Albyn Associates Financial Solutions Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 60,074 |  | 65,555
Directors' loan accounts | 123,006 |  | 144,539
| 183,080 |  | 210,094

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | 12,500 |  | -
Corporation tax | 99,147 |  | 51,808
Other taxes and social security | 1,213 |  | 756
Other creditors | 10,607 |  | -
Accruals and deferred income | 16,436 |  | 24,932
| 139,903 |  | 77,496

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 222,224 |  | 222,224

9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 21,876 |  | 24,011
Later than one year and not later than five years | 24,926 |  | 33,048
| 46,802 |  | 57,059

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 August 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 July 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Colin MacLennan | 90,306 | 137,680 | (126,346 ) | - | 101,640
Mr Charles Thomson | 54,232 | 43,003 | (75,869 ) | - | 21,366

The above loan is interest free and has no fixed repayment terms.
Page 6