Acorah Software Products - Accounts Production 19.3.600 false true true false 27 February 2025 31 March 2026 31 March 2026 SC839322 Mr A Smith Mr J Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC839322 2025-02-26 SC839322 2026-03-31 SC839322 2025-02-27 2026-03-31 SC839322 frs-core:CurrentFinancialInstruments 2026-03-31 SC839322 frs-core:ComputerEquipment 2026-03-31 SC839322 frs-core:ComputerEquipment 2025-02-27 2026-03-31 SC839322 frs-core:ComputerEquipment 2025-02-26 SC839322 frs-core:NetGoodwill 2026-03-31 SC839322 frs-core:NetGoodwill 2025-02-27 2026-03-31 SC839322 frs-core:NetGoodwill 2025-02-26 SC839322 frs-core:MotorVehicles 2026-03-31 SC839322 frs-core:MotorVehicles 2025-02-27 2026-03-31 SC839322 frs-core:MotorVehicles 2025-02-26 SC839322 frs-core:PlantMachinery 2026-03-31 SC839322 frs-core:PlantMachinery 2025-02-27 2026-03-31 SC839322 frs-core:PlantMachinery 2025-02-26 SC839322 frs-core:WithinOneYear 2026-03-31 SC839322 frs-core:ShareCapital 2026-03-31 SC839322 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 SC839322 frs-bus:PrivateLimitedCompanyLtd 2025-02-27 2026-03-31 SC839322 frs-bus:FilletedAccounts 2025-02-27 2026-03-31 SC839322 frs-bus:SmallEntities 2025-02-27 2026-03-31 SC839322 frs-bus:AuditExempt-NoAccountantsReport 2025-02-27 2026-03-31 SC839322 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-27 2026-03-31 SC839322 1 2025-02-27 2026-03-31 SC839322 frs-core:DeferredTaxation 2025-02-27 2026-03-31 SC839322 frs-core:DeferredTaxation 2026-03-31 SC839322 frs-core:CostValuation 2025-02-26 SC839322 frs-core:AdditionsToInvestments 2026-03-31 SC839322 frs-core:CostValuation 2026-03-31 SC839322 frs-core:ProvisionsForImpairmentInvestments 2025-02-26 SC839322 frs-core:ProvisionsForImpairmentInvestments 2026-03-31 SC839322 frs-bus:Director1 2025-02-27 2026-03-31 SC839322 frs-bus:Director2 2025-02-27 2026-03-31 SC839322 frs-core:CurrentFinancialInstruments 7 2026-03-31 SC839322 frs-core:CurrentFinancialInstruments 9 2026-03-31 SC839322 frs-countries:Scotland 2025-02-27 2026-03-31
Registered number: SC839322
Messrs J Smith Ltd
Unaudited Financial Statements
For the Period 27 February 2025 to 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC839322
31 March 2026
Notes £ £
FIXED ASSETS
Intangible Assets 4 115,258
Tangible Assets 5 54,289
Investments 6 5,000
174,547
CURRENT ASSETS
Stocks 7 7,430
Debtors 8 143,788
Cash at bank and in hand 200
151,418
Creditors: Amounts Falling Due Within One Year 9 (361,118 )
NET CURRENT ASSETS (LIABILITIES) (209,700 )
TOTAL ASSETS LESS CURRENT LIABILITIES (35,153 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,315 )
NET LIABILITIES (45,468 )
CAPITAL AND RESERVES
Called up share capital 12 100
Profit and Loss Account (45,568 )
SHAREHOLDERS' FUNDS (45,468)
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For the period 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
Mr A Smith
Director
Mr J Smith
Director
03/09/2026
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
Messrs J Smith Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC839322 . The registered office is 16 Castle Street, Banff, AB45 1DL.
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 represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.
2.4. 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 ten years.
2.5. 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 15% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 15% Reducing balance
2.6. 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.
2.7. 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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2.8. 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 period, 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 26
26
4. Intangible Assets
Goodwill
£
Cost
As at 27 February 2025 -
Additions 128,065
As at 31 March 2026 128,065
Amortisation
As at 27 February 2025 -
Provided during the period 12,807
As at 31 March 2026 12,807
Net Book Value
As at 31 March 2026 115,258
As at 27 February 2025 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 27 February 2025 - - - -
Additions 50,820 11,575 3,607 66,002
As at 31 March 2026 50,820 11,575 3,607 66,002
Depreciation
As at 27 February 2025 - - - -
Provided during the period 7,624 2,898 1,191 11,713
As at 31 March 2026 7,624 2,898 1,191 11,713
Net Book Value
As at 31 March 2026 43,196 8,677 2,416 54,289
As at 27 February 2025 - - - -
6. Investments
Other
£
Cost or Valuation
As at 27 February 2025 -
Additions 5,000
As at 31 March 2026 5,000
Provision
As at 27 February 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 5,000
As at 27 February 2025 -
7. Stocks
31 March 2026
£
Stock 7,430
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8. Debtors
31 March 2026
£
Due within one year
Trade debtors 121,105
Prepayments 7,511
VAT 15,172
143,788
9. Creditors: Amounts Falling Due Within One Year
31 March 2026
£
Net obligations under finance lease and hire purchase contracts 2,500
Trade creditors 106,488
Bank loans and overdrafts 18,738
Other taxes and social security 7,239
Accruals 15,177
Directors' loan accounts 210,976
361,118
10. Obligations Under Finance Leases and Hire Purchase
31 March 2026
£
The future minimum finance lease payments are as follows:
Not later than one year 2,500
11. Provisions for Liabilities
Deferred Tax Total
£ £
Additions 10,315 10,315
Balance at 31 March 2026 10,315 10,315
12. Share Capital
31 March 2026
£
Allotted, Called up and fully paid 100
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13. Dividends
31 March 2026
£
On equity shares:
Interim dividend paid 60,000
14. Related Party Transactions
During the year Mr A Smith (director) made a loan to the company of £210,976 and the balance at the year end was £210,976. This loan is unsecured, interest free and repayable on demand.
15. Ultimate Controlling Party
The company is controlled by its directors.
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