Acorah Software Products - Accounts Production 18.1.170 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 SC415480 Mr Thomas Scott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC415480 2025-01-31 SC415480 2026-01-31 SC415480 2025-02-01 2026-01-31 SC415480 frs-core:CurrentFinancialInstruments 2026-01-31 SC415480 frs-core:ComputerEquipment 2026-01-31 SC415480 frs-core:ComputerEquipment 2025-02-01 2026-01-31 SC415480 frs-core:ComputerEquipment 2025-01-31 SC415480 frs-core:FurnitureFittings 2026-01-31 SC415480 frs-core:FurnitureFittings 2025-02-01 2026-01-31 SC415480 frs-core:FurnitureFittings 2025-01-31 SC415480 frs-core:MotorVehicles 2026-01-31 SC415480 frs-core:MotorVehicles 2025-02-01 2026-01-31 SC415480 frs-core:MotorVehicles 2025-01-31 SC415480 frs-core:PlantMachinery 2026-01-31 SC415480 frs-core:PlantMachinery 2025-02-01 2026-01-31 SC415480 frs-core:PlantMachinery 2025-01-31 SC415480 frs-core:ShareCapital 2026-01-31 SC415480 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 SC415480 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC415480 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 SC415480 frs-bus:SmallEntities 2025-02-01 2026-01-31 SC415480 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 SC415480 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC415480 frs-bus:Director1 2025-02-01 2026-01-31 SC415480 frs-bus:Director1 2025-01-31 SC415480 frs-bus:Director1 2026-01-31 SC415480 1 2025-02-01 2026-01-31 SC415480 frs-core:CurrentFinancialInstruments 1 2026-01-31 SC415480 frs-core:CurrentFinancialInstruments 2 2026-01-31 SC415480 frs-countries:Scotland 2025-02-01 2026-01-31 SC415480 2024-01-31 SC415480 2025-01-31 SC415480 2024-02-01 2025-01-31 SC415480 frs-core:CurrentFinancialInstruments 2025-01-31 SC415480 frs-core:ShareCapital 2025-01-31 SC415480 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 SC415480 1 2024-02-01 2025-01-31 SC415480 frs-core:CurrentFinancialInstruments 1 2025-01-31 SC415480 frs-core:CurrentFinancialInstruments 2 2025-01-31
Registered number: SC415480
Genic Contracts Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Genic Contracts Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Genic Contracts Limited
Balance Sheet
As At 31 January 2026
Balance Sheet
Registered number: SC415480

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | - |  | 377
|  |  | - |  | 377
CURRENT ASSETS
Debtors | 5 | 11,293 |  | 28,520 |
Cash at bank and in hand |  | 44,081 |  | 32,677 |
|  | 55,374 |  | 61,197 |
Creditors: Amounts Falling Due Within One Year | 6 | (12,136 ) |  | (18,926 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 43,238 |  | 42,271
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 43,238 |  | 42,648
NET ASSETS |  |  | 43,238 |  | 42,648
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 43,138 |  | 42,548
SHAREHOLDERS' FUNDS |  |  | 43,238 |  | 42,648

Page 1
Page 2
Genic Contracts Limited
Balance Sheet (continued)
As At 31 January 2026
For the year ending 31 January 2026 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 Thomas Scott Director
10/04/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Genic Contracts Limited
Notes to the Financial Statements
For The Year Ended 31 January 2026
Notes to the Financial Statements
1. General Information
Genic Contracts Limited is a private company, limited by shares, incorporated in Scotland, registered number SC415480 . The registered office is 15 Edison Street, Hillington, Glasgow, G52 4JW.
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 | 25% Reducing Balance
Motor Vehicles | 25% Straight Line
Fixtures & Fittings | 25% Straight Line
Computer Equipment | 33% Straight Line

2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2026 |  | 2025
--- | --- | --- | ---
Directors | 1 |  | 1
| 1 |  | 1

Page 3
Page 4
Genic Contracts Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 February 2025 | 2,077 | 31,378 | 1,051 | 5,089 | 39,595
As at 31 January 2026 | 2,077 | 31,378 | 1,051 | 5,089 | 39,595
Depreciation
As at 1 February 2025 | 2,077 | 31,378 | 1,051 | 4,712 | 39,218
Provided during the period | - | - | - | 377 | 377
As at 31 January 2026 | 2,077 | 31,378 | 1,051 | 5,089 | 39,595
Net Book Value
As at 31 January 2026 | - | - | - | - | -
As at 1 February 2025 | - | - | - | 377 | 377

5. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 8,070
CIS Debtor | 8,510 |  | 15,494
Recoverable s455 tax | 1,244 |  | -
VAT | 1,539 |  | -
Director's loan account | - |  | 4,956
| 11,293 |  | 28,520

6. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 2,992 |  | 3,479
Corporation tax | 7,525 |  | 13,148
VAT | - |  | 714
Accruals and deferred income | 1,575 |  | 1,585
Director's loan account | 44 |  | -
| 12,136 |  | 18,926

7. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 4
Page 5
Genic Contracts Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 February 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2026
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Thomas Scott | 4,956 | - | 4,956 | - | -

Page 5