Acorah Software Products - Accounts Production 19.3.600 false true true 28 February 2025 1 March 2024 false 1 March 2025 28 February 2026 28 February 2026 SC064145 Mr P Harris Mr P Harris true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC064145 2025-02-28 SC064145 2026-02-28 SC064145 2025-03-01 2026-02-28 SC064145 frs-core:CurrentFinancialInstruments 2026-02-28 SC064145 frs-core:Non-currentFinancialInstruments 2026-02-28 SC064145 frs-core:FurnitureFittings 2025-03-01 2026-02-28 SC064145 frs-core:PlantMachinery 2026-02-28 SC064145 frs-core:PlantMachinery 2025-03-01 2026-02-28 SC064145 frs-core:PlantMachinery 2025-02-28 SC064145 frs-core:ShareCapital 2026-02-28 SC064145 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 SC064145 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 SC064145 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 SC064145 frs-bus:SmallEntities 2025-03-01 2026-02-28 SC064145 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 SC064145 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 SC064145 1 2025-03-01 2026-02-28 SC064145 frs-bus:Director1 2025-03-01 2026-02-28 SC064145 frs-bus:Director1 2025-02-28 SC064145 frs-bus:Director1 2026-02-28 SC064145 frs-countries:Scotland 2025-03-01 2026-02-28 SC064145 2024-02-29 SC064145 2025-02-28 SC064145 2024-03-01 2025-02-28 SC064145 frs-core:CurrentFinancialInstruments 2025-02-28 SC064145 frs-core:Non-currentFinancialInstruments 2025-02-28 SC064145 frs-core:ShareCapital 2025-02-28 SC064145 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: SC064145
Paul Harris Art Selections Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
GMH Chartered Accountants
Pavilion 3, Suite 2
St James Business Park
Paisley
Renfrewshire
PA3 3BB
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr P Harris
Company Number SC064145
Registered Office Camerons
Midton Road
Howwood
Renfrewshire
PA9 1AG
Accountants GMH Chartered Accountants
Pavilion 3, Suite 2
St James Business Park
Paisley
Renfrewshire
PA3 3BB
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Balance Sheet
Registered number: SC064145
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 473 710
473 710
CURRENT ASSETS
Stocks 5 598,986 752,063
Debtors 6 1,113,280 1,135,268
Cash at bank and in hand 185,908 64,273
1,898,174 1,951,604
Creditors: Amounts Falling Due Within One Year 7 (244,864 ) (294,175 )
NET CURRENT ASSETS (LIABILITIES) 1,653,310 1,657,429
TOTAL ASSETS LESS CURRENT LIABILITIES 1,653,783 1,658,139
NET ASSETS 1,653,783 1,658,139
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,653,683 1,658,039
SHAREHOLDERS' FUNDS 1,653,783 1,658,139
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For the year ending 28 February 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 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 P Harris
Director
14/08/2026
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Paul Harris Art Selections Limited is a private company, limited by shares, incorporated in Scotland, registered number SC064145 . The registered office is Camerons, Midton Road, Howwood, Renfrewshire, PA9 1AG.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes however are recorded inclusive of sales commission due on transactions with these costs recorded separately within the accounts.
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:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks is 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 associated with an item including freight or restoration costs.  
2.7. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors.  These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment.  If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.9. 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: 1 (2025: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2025 79,682
As at 28 February 2026 79,682
Depreciation
As at 1 March 2025 78,972
Provided during the period 237
As at 28 February 2026 79,209
Net Book Value
As at 28 February 2026 473
As at 1 March 2025 710
5. Stocks
2026 2025
£ £
Stock 598,986 752,063
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 800 23,380
Director's loan account 833,990 833,398
834,790 856,778
Due after more than one year
Corporation tax recoverable assets 278,490 278,490
1,113,280 1,135,268
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - 1,533
Corporation tax 210,057 251,032
VAT 4,089 4,363
Accruals and deferred income 30,718 37,247
244,864 294,175
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2025 Amounts advanced Amounts repaid Amounts written off As at 28 February 2026
£ £ £ £ £
Mr Paul Harris 833,398 30,493 29,901 - 833,990
The above loan is included within Other debtors and is unsecured, repayable on demand with interest charged on balances where applicable.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr P Harris by virtue of his ownership of 100% of the issued share capital in the company.
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