Acorah Software Products - Accounts Production 18.1.200 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 SC465574 Mrs Diane Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC465574 2025-01-31 SC465574 2026-01-31 SC465574 2025-02-01 2026-01-31 SC465574 frs-core:CurrentFinancialInstruments 2026-01-31 SC465574 frs-core:Non-currentFinancialInstruments 2026-01-31 SC465574 frs-core:ComputerEquipment 2026-01-31 SC465574 frs-core:ComputerEquipment 2025-02-01 2026-01-31 SC465574 frs-core:ComputerEquipment 2025-01-31 SC465574 frs-core:MotorVehicles 2026-01-31 SC465574 frs-core:MotorVehicles 2025-02-01 2026-01-31 SC465574 frs-core:MotorVehicles 2025-01-31 SC465574 frs-core:ShareCapital 2026-01-31 SC465574 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 SC465574 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC465574 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 SC465574 frs-bus:SmallEntities 2025-02-01 2026-01-31 SC465574 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 SC465574 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC465574 frs-bus:Director1 2025-02-01 2026-01-31 SC465574 frs-bus:Director1 2025-01-31 SC465574 frs-bus:Director1 2026-01-31 SC465574 frs-countries:Scotland 2025-02-01 2026-01-31 SC465574 2024-01-31 SC465574 2025-01-31 SC465574 2024-02-01 2025-01-31 SC465574 frs-core:CurrentFinancialInstruments 2025-01-31 SC465574 frs-core:Non-currentFinancialInstruments 2025-01-31 SC465574 frs-core:ShareCapital 2025-01-31 SC465574 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: SC465574
Cornbank Letting Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
TaxAssist West Edinburgh
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC465574
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,650 -
4,650 -
CURRENT ASSETS
Debtors 5 10,592 8,336
Cash at bank and in hand 42,965 60,656
53,557 68,992
Creditors: Amounts Falling Due Within One Year 6 (52,878 ) (66,205 )
NET CURRENT ASSETS (LIABILITIES) 679 2,787
TOTAL ASSETS LESS CURRENT LIABILITIES 5,329 2,787
Creditors: Amounts Falling Due After More Than One Year 7 (5,206 ) -
NET ASSETS 123 2,787
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 23 2,687
SHAREHOLDERS' FUNDS 123 2,787
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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 her 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
Mrs Diane Watson
Director
14/05/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Cornbank Letting Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC465574 . The registered office is 25 Braidlaw Park, Penicuik, Edinburgh, EH26 9HF.
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:
Motor Vehicles 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 February 2025 - 1,315 1,315
Additions 6,000 224 6,224
As at 31 January 2026 6,000 1,539 7,539
Depreciation
As at 1 February 2025 - 1,315 1,315
Provided during the period 1,500 74 1,574
As at 31 January 2026 1,500 1,389 2,889
Net Book Value
As at 31 January 2026 4,500 150 4,650
As at 1 February 2025 - - -
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 10,592 8,336
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts 1,434 -
Other creditors 28,613 39,665
Taxation and social security 22,831 26,540
52,878 66,205
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 5,206 -
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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9. 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
£ £ £ £ £
Mrs Diane Watson (4,908 ) 6,537 - - 1,629
The above loan is unsecured, interest free and repayable on demand.
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