Acorah Software Products - Accounts Production 19.3.550 false true 30 April 2025 1 May 2024 false 1 May 2025 30 April 2026 30 April 2026 SC124783 Anne Grant Anne Grant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC124783 2025-04-30 SC124783 2026-04-30 SC124783 2025-05-01 2026-04-30 SC124783 frs-core:CurrentFinancialInstruments 2026-04-30 SC124783 frs-core:FurnitureFittings 2026-04-30 SC124783 frs-core:FurnitureFittings 2025-05-01 2026-04-30 SC124783 frs-core:FurnitureFittings 2025-04-30 SC124783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-04-30 SC124783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-01 2026-04-30 SC124783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-30 SC124783 frs-core:MotorVehicles 2026-04-30 SC124783 frs-core:MotorVehicles 2025-05-01 2026-04-30 SC124783 frs-core:MotorVehicles 2025-04-30 SC124783 frs-core:ShareCapital 2026-04-30 SC124783 frs-core:RetainedEarningsAccumulatedLosses 2026-04-30 SC124783 frs-bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 SC124783 frs-bus:FilletedAccounts 2025-05-01 2026-04-30 SC124783 frs-bus:SmallEntities 2025-05-01 2026-04-30 SC124783 frs-bus:AuditExempt-NoAccountantsReport 2025-05-01 2026-04-30 SC124783 frs-bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 SC124783 frs-core:CostValuation 2025-04-30 SC124783 frs-core:AdditionsToInvestments 2026-04-30 SC124783 frs-core:CostValuation 2026-04-30 SC124783 frs-core:ProvisionsForImpairmentInvestments 2025-04-30 SC124783 frs-core:ProvisionsForImpairmentInvestments 2026-04-30 SC124783 frs-bus:Director1 2025-05-01 2026-04-30 SC124783 frs-bus:CompanySecretary1 2025-05-01 2026-04-30 SC124783 frs-countries:Scotland 2025-05-01 2026-04-30 SC124783 2024-04-30 SC124783 2025-04-30 SC124783 2024-05-01 2025-04-30 SC124783 frs-core:CurrentFinancialInstruments 2025-04-30 SC124783 frs-core:ShareCapital 2025-04-30 SC124783 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30
Registered number: SC124783
Love For Diamonds Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC124783
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,129 65,703
Investments 5 708,199 683,424
767,328 749,127
CURRENT ASSETS
Stocks 6 560,216 691,613
Debtors 7 13,673 7,715
Cash at bank and in hand 446,810 395,435
1,020,699 1,094,763
Creditors: Amounts Falling Due Within One Year 8 (101,227 ) (123,826 )
NET CURRENT ASSETS (LIABILITIES) 919,472 970,937
TOTAL ASSETS LESS CURRENT LIABILITIES 1,686,800 1,720,064
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,617 ) (4,823 )
NET ASSETS 1,683,183 1,715,241
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 1,683,181 1,715,239
SHAREHOLDERS' FUNDS 1,683,183 1,715,241
Page 1
Page 2
For the year ending 30 April 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 Income Statement.
On behalf of the board
Anne Grant
Director
15th July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Love For Diamonds Limited is a private company, limited by shares, incorporated in Scotland, registered number SC124783 . The registered office is 5 St.Vincent Place, Glasgow, G1 2DH.
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.
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:
Freehold Buildings depreciated over 20 years
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. 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.
2.5. 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 6 (2025: 6)
6 6
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2025 43,966 70,460 61,909 176,335
As at 30 April 2026 43,966 70,460 61,909 176,335
Depreciation
As at 1 May 2025 3,648 48,166 58,818 110,632
Provided during the period 228 5,574 772 6,574
As at 30 April 2026 3,876 53,740 59,590 117,206
Net Book Value
As at 30 April 2026 40,090 16,720 2,319 59,129
As at 1 May 2025 40,318 22,294 3,091 65,703
5. Investments
Other
£
Cost or Valuation
As at 1 May 2025 683,424
Additions 24,775
As at 30 April 2026 708,199
Provision
As at 1 May 2025 -
As at 30 April 2026 -
Net Book Value
As at 30 April 2026 708,199
As at 1 May 2025 683,424
6. Stocks
2026 2025
£ £
Stock 560,216 691,613
Page 4
Page 5
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 8,916 1,485
Prepayments and accrued income 4,757 6,230
13,673 7,715
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 31,814 60,004
Bank loans and overdrafts 721 3,369
Corporation tax 5,934 7,807
Other taxes and social security 3,626 3,396
VAT 6,848 11,250
Employee pension 284 -
Director's loan account 52,000 38,000
101,227 123,826
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
Page 5