Acorah Software Products - Accounts Production 19.2.350 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 SC109530 Mrs Veronica Carmichael Ms Emma Carmichael Mrs Veronica Carmichael C & V Carmichael (Holdings) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC109530 2024-08-31 SC109530 2025-08-31 SC109530 2024-09-01 2025-08-31 SC109530 frs-core:CurrentFinancialInstruments 2025-08-31 SC109530 frs-core:Non-currentFinancialInstruments 2025-08-31 SC109530 frs-core:ComputerEquipment 2025-08-31 SC109530 frs-core:ComputerEquipment 2024-09-01 2025-08-31 SC109530 frs-core:ComputerEquipment 2024-08-31 SC109530 frs-core:FurnitureFittings 2025-08-31 SC109530 frs-core:FurnitureFittings 2024-09-01 2025-08-31 SC109530 frs-core:FurnitureFittings 2024-08-31 SC109530 frs-core:NetGoodwill 2025-08-31 SC109530 frs-core:NetGoodwill 2024-09-01 2025-08-31 SC109530 frs-core:NetGoodwill 2024-08-31 SC109530 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-08-31 SC109530 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 SC109530 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 SC109530 frs-core:MotorVehicles 2025-08-31 SC109530 frs-core:MotorVehicles 2024-09-01 2025-08-31 SC109530 frs-core:MotorVehicles 2024-08-31 SC109530 frs-core:PlantMachinery 2025-08-31 SC109530 frs-core:PlantMachinery 2024-09-01 2025-08-31 SC109530 frs-core:PlantMachinery 2024-08-31 SC109530 frs-core:ShareCapital 2025-08-31 SC109530 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 SC109530 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC109530 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 SC109530 frs-bus:SmallEntities 2024-09-01 2025-08-31 SC109530 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC109530 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC109530 1 2024-09-01 2025-08-31 SC109530 frs-bus:Director1 2024-09-01 2025-08-31 SC109530 frs-bus:Director2 2024-09-01 2025-08-31 SC109530 frs-bus:CompanySecretary1 2024-09-01 2025-08-31 SC109530 frs-countries:Scotland 2024-09-01 2025-08-31 SC109530 2023-08-31 SC109530 2024-08-31 SC109530 2023-09-01 2024-08-31 SC109530 frs-core:CurrentFinancialInstruments 2024-08-31 SC109530 frs-core:Non-currentFinancialInstruments 2024-08-31 SC109530 frs-core:ShareCapital 2024-08-31 SC109530 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: SC109530
C. & V. Carmichael Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Neil Nisbet & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC109530
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 144,849 152,870
144,849 152,870
CURRENT ASSETS
Stocks 6 30,000 30,000
Debtors 7 443,153 760,514
Cash at bank and in hand 1,246,618 946,149
1,719,771 1,736,663
Creditors: Amounts Falling Due Within One Year 8 (305,423 ) (410,284 )
NET CURRENT ASSETS (LIABILITIES) 1,414,348 1,326,379
TOTAL ASSETS LESS CURRENT LIABILITIES 1,559,197 1,479,249
Creditors: Amounts Falling Due After More Than One Year 9 - (41,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,600 ) (25,200 )
NET ASSETS 1,531,597 1,412,382
CAPITAL AND RESERVES
Called up share capital 11 40,502 40,502
Profit and Loss Account 1,491,095 1,371,880
SHAREHOLDERS' FUNDS 1,531,597 1,412,382
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For the year ending 31 August 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
Ms Emma Carmichael
Director
29/05/2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
C. & V. Carmichael Limited is a private company, limited by shares, incorporated in Scotland, registered number SC109530 . The registered office is Fabrication Facility, Mossmorran, Cowdenbeath, KY4 8EP.
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. 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 the profit and loss account over its estimated economic life of .... 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 10%
Plant & Machinery 20%
Motor Vehicles 25%
Fixtures & Fittings 25%
2.5. 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.
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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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 28)
26 28
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 500
As at 31 August 2025 500
Amortisation
As at 1 September 2024 500
As at 31 August 2025 500
Net Book Value
As at 31 August 2025 -
As at 1 September 2024 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2024 47,060 548,824 86,932 162,580
Additions - 8,947 16,830 12,938
Disposals - (2,526 ) (38,692 ) (372 )
As at 31 August 2025 47,060 555,245 65,070 175,146
Depreciation
As at 1 September 2024 7,843 526,399 48,809 109,475
Provided during the period 4,706 9,698 14,020 10,978
Disposals - (2,526 ) (31,880 ) 150
As at 31 August 2025 12,549 533,571 30,949 120,603
Net Book Value
As at 31 August 2025 34,511 21,674 34,121 54,543
As at 1 September 2024 39,217 22,425 38,123 53,105
Computer Equipment Total
£ £
Cost
As at 1 September 2024 1,682 847,078
Additions - 38,715
Disposals - (41,590 )
As at 31 August 2025 1,682 844,203
Depreciation
As at 1 September 2024 1,682 694,208
Provided during the period - 39,402
Disposals - (34,256 )
As at 31 August 2025 1,682 699,354
Net Book Value
As at 31 August 2025 - 144,849
As at 1 September 2024 - 152,870
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6. Stocks
2025 2024
£ £
Stock 30,000 30,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 144,792 95,385
Contract amounts due 258,077 585,516
Other debtors 40,284 79,613
443,153 760,514
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 117,768 203,929
Bank loans and overdrafts 41,667 55,555
Other creditors 62,899 61,907
Taxation and social security 83,089 88,893
305,423 410,284
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 41,667
10. Secured Creditors
Of the creditors the following amounts are secured by a bond and floating charge over the company's assets in favour of the company's bankers.
2025 2024
£ £
Bank loans and overdrafts 41,667 97,222
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 40,502 40,502
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12. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 1,000 -
13. Related Party Transactions
The company leases property from one of its directors. During the year the company paid £24,000 (2023 - £24,000) in respect of rent on this property.
14. Ultimate Controlling Party
The company's ultimate controlling party is C & V Carmichael (Holdings) Limited .
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