Acorah Software Products - Accounts Production 19.4.300 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 SC570590 Mr Peshrow Faiq ABDULLAH iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC570590 2024-06-30 SC570590 2025-06-30 SC570590 2024-07-01 2025-06-30 SC570590 frs-core:CurrentFinancialInstruments 2025-06-30 SC570590 frs-core:FurnitureFittings 2025-06-30 SC570590 frs-core:FurnitureFittings 2024-07-01 2025-06-30 SC570590 frs-core:FurnitureFittings 2024-06-30 SC570590 frs-core:ShareCapital 2025-06-30 SC570590 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 SC570590 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC570590 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 SC570590 frs-bus:SmallEntities 2024-07-01 2025-06-30 SC570590 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC570590 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC570590 frs-bus:Director1 2024-07-01 2025-06-30 SC570590 frs-countries:Scotland 2024-07-01 2025-06-30 SC570590 2023-06-30 SC570590 2024-06-30 SC570590 2023-07-01 2024-06-30 SC570590 frs-core:CurrentFinancialInstruments 2024-06-30 SC570590 frs-core:ShareCapital 2024-06-30 SC570590 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: SC570590
FAIQ TRADERS LTD
Unaudited Financial Statements
For The Year Ended 30 June 2025
SUPERIOR ACCOUNTING
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC570590
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,434 16,075
12,434 16,075
CURRENT ASSETS
Stocks 5 813 698
Cash at bank and in hand 1,655 2,466
2,468 3,164
Creditors: Amounts Falling Due Within One Year 7 (1,982 ) (1,173 )
NET CURRENT ASSETS (LIABILITIES) 486 1,991
TOTAL ASSETS LESS CURRENT LIABILITIES 12,920 18,066
NET ASSETS 12,920 18,066
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 12,919 18,065
SHAREHOLDERS' FUNDS 12,920 18,066
Page 1
Page 2
For the year ending 30 June 2025 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 Peshrow Faiq ABDULLAH
Director
17/09/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FAIQ TRADERS LTD is a private company, limited by shares, incorporated in Scotland, registered number SC570590 . The registered office is Unit 2, Midholm, 90 Busby Road, Clarkston,Glasgow, G76 7AX.
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:
Fixtures & Fittings 10 %
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 7)
6 7
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2024 36,406
As at 30 June 2025 36,406
Depreciation
As at 1 July 2024 20,331
Provided during the period 3,641
As at 30 June 2025 23,972
...CONTINUED
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Net Book Value
As at 30 June 2025 12,434
As at 1 July 2024 16,075
5. Stocks
2025 2024
£ £
Materials 813 698
6. Debtors
2025 2024
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other taxes and social security - 908
Accruals and deferred income 285 265
Director's loan account 1,697 -
1,982 1,173
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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