Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 SC637228 Mrs R H Bailey Palumbo Mr A Palumbo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC637228 2025-03-31 SC637228 2026-03-31 SC637228 2025-04-01 2026-03-31 SC637228 frs-core:CurrentFinancialInstruments 2026-03-31 SC637228 frs-core:Non-currentFinancialInstruments 2026-03-31 SC637228 frs-core:ComputerEquipment 2026-03-31 SC637228 frs-core:ComputerEquipment 2025-04-01 2026-03-31 SC637228 frs-core:ComputerEquipment 2025-03-31 SC637228 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2026-03-31 SC637228 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 SC637228 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 SC637228 frs-core:PlantMachinery 2026-03-31 SC637228 frs-core:PlantMachinery 2025-04-01 2026-03-31 SC637228 frs-core:PlantMachinery 2025-03-31 SC637228 frs-core:ShareCapital 2026-03-31 SC637228 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 SC637228 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC637228 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 SC637228 frs-bus:SmallEntities 2025-04-01 2026-03-31 SC637228 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC637228 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC637228 frs-bus:Director1 2025-04-01 2026-03-31 SC637228 frs-bus:Director2 2025-04-01 2026-03-31 SC637228 frs-countries:Scotland 2025-04-01 2026-03-31 SC637228 2024-03-31 SC637228 2025-03-31 SC637228 2024-04-01 2025-03-31 SC637228 frs-core:CurrentFinancialInstruments 2025-03-31 SC637228 frs-core:Non-currentFinancialInstruments 2025-03-31 SC637228 frs-core:ShareCapital 2025-03-31 SC637228 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: SC637228
Bailey & Palumbo Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Bailey & Palumbo Ltd
Contents
Contents

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

Page 1
Bailey & Palumbo Ltd
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: SC637228

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 10,068 |  | 7,747
|  |  | 10,068 |  | 7,747
CURRENT ASSETS
Stock | 5 | 8,995 |  | 7,000 |
Debtors | 6 | 54,802 |  | 55,087 |
Cash at bank and in hand |  | 227,300 |  | 202,760 |
|  | 291,097 |  | 264,847 |
Creditors: Amounts Falling Due Within One Year | 7 | (92,587 ) |  | (94,646 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 198,510 |  | 170,201
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 208,578 |  | 177,948
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (1,592 ) |  | -
NET ASSETS |  |  | 206,986 |  | 177,948
CAPITAL AND RESERVES
Called up share capital | 9 |  | 600 |  | 600
Profit and Loss Account |  |  | 206,386 |  | 177,348
SHAREHOLDERS' FUNDS |  |  | 206,986 |  | 177,948

Page 1
Page 2
Bailey & Palumbo Ltd
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 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

Mrs R H Bailey Palumbo Director
19 August 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Bailey & Palumbo Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Bailey & Palumbo Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC637228 . The registered office is 49 Bread Street, Edinburgh, EH3 9AH.
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:

Leasehold | 25% reducing balance
Plant & Machinery | 25% reducing balance
Computer Equipment | 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.
Page 3
Page 4
Bailey & Palumbo Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
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 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.
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: 7 (2025: 8)
7 8
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 April 2025 | 21,364 | 5,039 | 2,962 | 29,365
Additions | - | 4,888 | - | 4,888
As at 31 March 2026 | 21,364 | 9,927 | 2,962 | 34,253
Depreciation
As at 1 April 2025 | 18,197 | 2,166 | 1,255 | 21,618
Provided during the period | 660 | 1,551 | 356 | 2,567
As at 31 March 2026 | 18,857 | 3,717 | 1,611 | 24,185
Net Book Value
As at 31 March 2026 | 2,507 | 6,210 | 1,351 | 10,068
As at 1 April 2025 | 3,167 | 2,873 | 1,707 | 7,747

5. Stock

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 8,995 |  | 7,000

Page 4
Page 5
Bailey & Palumbo Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 3,842 |  | 1,524
Prepayments and accrued income | 648 |  | 3,865
Amounts owed by related parties | 50,312 |  | 49,698
| 54,802 |  | 55,087

7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 8,605 |  | 6,141
Bank loans and overdrafts | - |  | 10,992
Corporation tax | 54,133 |  | 46,515
Other taxes and social security | 3,914 |  | 3,588
VAT | 13,968 |  | 12,695
Other creditors | 7,676 |  | 556
Accruals and deferred income | 1,985 |  | 1,838
Directors' loan accounts | 2,306 |  | 12,321
| 92,587 |  | 94,646

8. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,592 |  | -

9. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 600 |  | 600

10. Related Party Transactions
At 31 March 2026, the company owed the directors £2,306 (2025: £12,321 ).
At 31 March 2026, the company was owed £50,312 (2025: £49,698) by Chancho Ltd, a company with common directors.
Page 5