Acorah Software Products - Accounts Production 19.4.351 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 SC449839 Mrs E Haywood Mr D M Haywood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC449839 2025-03-31 SC449839 2026-03-31 SC449839 2025-04-01 2026-03-31 SC449839 frs-core:CurrentFinancialInstruments 2026-03-31 SC449839 frs-core:Non-currentFinancialInstruments 2026-03-31 SC449839 frs-core:ComputerEquipment 2025-04-01 2026-03-31 SC449839 frs-core:FurnitureFittings 2026-03-31 SC449839 frs-core:FurnitureFittings 2025-04-01 2026-03-31 SC449839 frs-core:FurnitureFittings 2025-03-31 SC449839 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-03-31 SC449839 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC449839 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 SC449839 frs-core:MotorVehicles 2026-03-31 SC449839 frs-core:MotorVehicles 2025-04-01 2026-03-31 SC449839 frs-core:MotorVehicles 2025-03-31 SC449839 frs-core:PlantMachinery 2026-03-31 SC449839 frs-core:PlantMachinery 2025-04-01 2026-03-31 SC449839 frs-core:PlantMachinery 2025-03-31 SC449839 frs-core:ShareCapital 2026-03-31 SC449839 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 SC449839 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC449839 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 SC449839 frs-bus:SmallEntities 2025-04-01 2026-03-31 SC449839 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC449839 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC449839 frs-bus:Director1 2025-04-01 2026-03-31 SC449839 frs-bus:Director1 2025-03-31 SC449839 frs-bus:Director1 2026-03-31 SC449839 frs-bus:Director2 2025-04-01 2026-03-31 SC449839 frs-bus:Director2 2025-03-31 SC449839 frs-bus:Director2 2026-03-31 SC449839 frs-countries:Scotland 2025-04-01 2026-03-31 SC449839 2024-03-31 SC449839 2025-03-31 SC449839 2024-04-01 2025-03-31 SC449839 frs-core:CurrentFinancialInstruments 2025-03-31 SC449839 frs-core:Non-currentFinancialInstruments 2025-03-31 SC449839 frs-core:ShareCapital 2025-03-31 SC449839 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: SC449839
Neep Shed Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC449839
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 901,158 931,382
901,158 931,382
CURRENT ASSETS
Debtors 5 93,073 197,137
Cash at bank and in hand 464,592 163,310
557,665 360,447
Creditors: Amounts Falling Due Within One Year 6 (261,502 ) (176,819 )
NET CURRENT ASSETS (LIABILITIES) 296,163 183,628
TOTAL ASSETS LESS CURRENT LIABILITIES 1,197,321 1,115,010
Creditors: Amounts Falling Due After More Than One Year 7 (130,679 ) (149,382 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,309 ) (8,195 )
NET ASSETS 1,060,333 957,433
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,060,331 957,431
SHAREHOLDERS' FUNDS 1,060,333 957,433
Page 1
Page 2
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
Mr D M Haywood
Director
29 October 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Neep Shed Limited is a private company, limited by shares, incorporated in Scotland, registered number SC449839 . The registered office is The Boat Inn, Charlestown Road, Aboyne, AB34 5EL.
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:
Freehold Straight Line over 50 years
Plant & Machinery Straight Line over 5 years
Motor Vehicles Straight Line over 4 years
Fixtures & Fittings Straight Line over 5 years
Computer Equipment Straight Line over 5 years
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Page 4
2.4. 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.
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Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 51 (2025: 48)
51 48
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2025 1,134,223 80,185 30,129 229,298 1,473,835
Additions - - - 7,949 7,949
As at 31 March 2026 1,134,223 80,185 30,129 237,247 1,481,784
Depreciation
As at 1 April 2025 235,624 80,185 10,043 216,601 542,453
Provided during the period 22,681 - 7,532 7,960 38,173
As at 31 March 2026 258,305 80,185 17,575 224,561 580,626
Net Book Value
As at 31 March 2026 875,918 - 12,554 12,686 901,158
As at 1 April 2025 898,599 - 20,086 12,697 931,382
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 5,634 21,127
Prepayments and accrued income 87,439 6,944
Directors' loan accounts - 169,066
93,073 197,137
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6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 103,857 43,431
Bank loans and overdrafts 17,237 24,306
Corporation tax 85,977 52,546
Other taxes and social security 8,371 6,824
VAT 41,091 49,059
Other creditors 2,669 653
Directors' loan accounts 2,300 -
261,502 176,819
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 130,679 149,382
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mrs Eileen Haywood 84,533 113,788 (199,471 ) - 1,150
Mr David Haywood 84,533 115,793 (202,626 ) - 1,150
The above loan is unsecured, interest free and repayable on demand.
Page 6