Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC375531 Mr Perwaiz Akhtar true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC375531 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 SC375531 2023-03-31 SC375531 2024-03-31 SC375531 2023-04-01 2024-03-31 SC375531 frs-core:CurrentFinancialInstruments 2024-03-31 SC375531 frs-core:Non-currentFinancialInstruments 2024-03-31 SC375531 frs-core:ComputerEquipment 2024-03-31 SC375531 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC375531 frs-core:ComputerEquipment 2023-03-31 SC375531 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 SC375531 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 SC375531 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 SC375531 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC375531 frs-core:ShareCapital 2024-03-31 SC375531 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC375531 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC375531 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC375531 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC375531 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC375531 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC375531 1 2023-04-01 2024-03-31 SC375531 frs-core:CostValuation 2023-03-31 SC375531 frs-core:AdditionsToInvestments 2024-03-31 SC375531 frs-core:CostValuation 2024-03-31 SC375531 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 SC375531 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 SC375531 frs-bus:Director1 2023-04-01 2024-03-31 SC375531 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC375531 frs-core:CurrentFinancialInstruments 2 2024-03-31 SC375531 frs-core:CurrentFinancialInstruments 3 2024-03-31 SC375531 frs-countries:Scotland 2023-04-01 2024-03-31 SC375531 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 SC375531 2022-03-31 SC375531 2023-03-31 SC375531 2022-04-01 2023-03-31 SC375531 frs-core:CurrentFinancialInstruments 2023-03-31 SC375531 frs-core:Non-currentFinancialInstruments 2023-03-31 SC375531 frs-core:ShareCapital 2023-03-31 SC375531 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC375531 frs-core:CurrentFinancialInstruments 1 2023-03-31 SC375531 frs-core:CurrentFinancialInstruments 2 2023-03-31 SC375531 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: SC375531
Calculus Accountants (Scotland) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Calculus Accountants (Scotland) Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Calculus Accountants (Scotland) Ltd
Balance Sheet
As At 31 March 2024
Balance Sheet
Registered number: SC375531

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 297,406 |  | 297,443
Investments | 5 |  | 50 |  | -
|  |  | 297,456 |  | 297,443
CURRENT ASSETS
Debtors | 6 | 102,914 |  | 120,610 |
Cash at bank and in hand |  | 655,418 |  | 595,487 |
|  | 758,332 |  | 716,097 |
Creditors: Amounts Falling Due Within One Year | 7 | (408,437 ) |  | (412,366 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 349,895 |  | 303,731
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 647,351 |  | 601,174
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (175,648 ) |  | (197,514 )
NET ASSETS |  |  | 471,703 |  | 403,660
CAPITAL AND RESERVES
Called up share capital | 10 |  | 125 |  | 125
Profit and Loss Account |  |  | 471,578 |  | 403,535
SHAREHOLDERS' FUNDS |  |  | 471,703 |  | 403,660

Page 1
Page 2
Calculus Accountants (Scotland) Ltd
Balance Sheet (continued)
As At 31 March 2024
For the year ending 31 March 2024 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 Perwaiz Akhtar Director
16/08/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Calculus Accountants (Scotland) Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2024
Notes to the Financial Statements
1. General Information
Calculus Accountants (Scotland) Ltd Registered number SC375531 is a limited by shares company incorporated in Scotland. The Registered Office is 10 Avonhead Road, Condorrat, Glasgow, G67 4RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention.
2.2. Turnover
Turnover comprises the invoiced fee's value of services supplied by the company, net of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 basis:

Freehold | 0%
Computer Equipment | 15% - Reducing balance basis

The investment properties are stated at cost and no revaluation is considered necessary, albeit that the anticipated current market values are likely to be in excess of values at purchase.
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their cost value.
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value and cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
No work-in-progress value is reflected in the accounts as associated costs are not considered material due to the nature of the services provided and such associated costs only being marginal as fees are issued on a time basis or on a fixed fee basis.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2024 |  | 2023
--- | --- | --- | ---
Office and administration | 5 |  | 4
| 5 |  | 4

Page 3
Page 4
Calculus Accountants (Scotland) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2024
4. Tangible Assets

| Investment Properties | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2023 | 295,295 | 4,957 | 300,252
Additions | - | 312 | 312
As at 31 March 2024 | 295,295 | 5,269 | 300,564
Depreciation
As at 1 April 2023 | - | 2,809 | 2,809
Provided during the period | - | 349 | 349
As at 31 March 2024 | - | 3,158 | 3,158
Net Book Value
As at 31 March 2024 | 295,295 | 2,111 | 297,406
As at 1 April 2023 | 295,295 | 2,148 | 297,443

5. Investments

| Joint Ventures
--- | ---
| £
Cost or Valuation
As at 1 April 2023 | -
Additions | 50
As at 31 March 2024 | 50
Provision
As at 1 April 2023 | -
As at 31 March 2024 | -
Net Book Value
As at 31 March 2024 | 50
As at 1 April 2023 | -

The company holds 50 £1 Ordinary Shares in a company incorporated by a client for the specific purposes of carrying out a commercial development as a long term investment, which company and development have however still to commence. Any income generated in the future will be by way of dividend income from that company.
6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 23,599 |  | 15,698
Prepayments and accrued income | 111 |  | 573
Other debtors - client investment loan | 79,204 |  | 104,339
| 102,914 |  | 120,610

The investment client loan is subject to a Standard Security over that clients business premises and is subject to monthly agreed repayments over a 5 year period, with the option however to settle the loan whenever the client may wish to do so, and is chargeable at an agreed fixed interest rate.
Page 4
Page 5
Calculus Accountants (Scotland) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2024
7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 199 |  | 2,309
Bank loans and overdrafts | 14,467 |  | 14,467
Bank loan - Covid19 BBLS | 7,400 |  | 7,400
Corporation tax | 88,413 |  | 62,155
VAT | 10,160 |  | 8,837
Other creditors - sundry loan | 10,963 |  | 12,500
Advance payments on account of fee's | 2,280 |  | 4,257
Other creditors - clients funds | 5,574 |  | 9,363
Accrued charges | 2,099 |  | 976
Director's loan account | 266,882 |  | 290,102
| 408,437 |  | 412,366

The directors loan account is unsecured, interest free and has no fixed terms of repayment.
The investment properties bank loans are over a 10 and 15 year term and subject to Standard Securities over those properties, a bond and floating charge over the company and a directors personal guarantee.
The bank loan under the BBLS was obtained following Covid19 and is accordance with the terms thereof.
8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 167,015 |  | 181,481
Bank loans - Covid19 BBLS | 8,633 |  | 16,033
| 175,648 |  | 197,514

The investment properties bank loans are over a 10 and 15 year term and are subject to Standard Securities over those properties, a bond and floating charge over the company and a directors personal guarantee.
The bank loan under the BBLS was obtained following Covid19 and is accordance with the terms thereof.
Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 94,681 |  | 109,148

9. Secured Creditors
Of the creditors the following amounts are secured.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 181,481 |  | 195,948

10. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 125 |  | 125

Page 5
Page 6
Calculus Accountants (Scotland) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2024
11. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of his ownership of 64% of the issued share capital in the company.
Page 6