Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC285948 Mrs Elizabeth Eddy Mrs Elizabeth Eddy true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC285948 2022-12-31 SC285948 2023-12-31 SC285948 2023-01-01 2023-12-31 SC285948 frs-core:CurrentFinancialInstruments 2023-12-31 SC285948 frs-core:ComputerEquipment 2023-12-31 SC285948 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC285948 frs-core:ComputerEquipment 2022-12-31 SC285948 frs-core:FurnitureFittings 2023-12-31 SC285948 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC285948 frs-core:FurnitureFittings 2022-12-31 SC285948 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC285948 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC285948 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC285948 frs-core:ShareCapital 2023-12-31 SC285948 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC285948 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC285948 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC285948 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC285948 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC285948 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC285948 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC285948 frs-bus:OrdinaryShareClass1 2023-12-31 SC285948 1 2023-01-01 2023-12-31 SC285948 frs-bus:Director1 2023-01-01 2023-12-31 SC285948 frs-bus:Director1 2022-12-31 SC285948 frs-bus:Director1 2023-12-31 SC285948 frs-core:CurrentFinancialInstruments 1 2023-12-31 SC285948 frs-countries:Scotland 2023-01-01 2023-12-31 SC285948 2021-12-31 SC285948 2022-12-31 SC285948 2022-01-01 2022-12-31 SC285948 frs-core:CurrentFinancialInstruments 2022-12-31 SC285948 frs-core:ShareCapital 2022-12-31 SC285948 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 SC285948 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 SC285948 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: SC285948
Equine Shiatsu (Scotland) Limited
Financial Statements
For The Year Ended 31 December 2023
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC285948
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 743 1,045
743 1,045
CURRENT ASSETS
Debtors 5 373 98
Cash at bank and in hand 11,224 4,884
11,597 4,982
Creditors: Amounts Falling Due Within One Year 6 (9,596 ) (7,927 )
NET CURRENT ASSETS (LIABILITIES) 2,001 (2,945 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,744 (1,900 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (96 ) (138 )
NET ASSETS/(LIABILITIES) 2,648 (2,038 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 2,647 (2,039 )
SHAREHOLDERS' FUNDS 2,648 (2,038)
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For the year ending 31 December 2023 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 her 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 Elizabeth Eddy
Director
22nd March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Equine Shiatsu (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC285948 . The registered office is Flatfield, ERROL, Perthshire, PH2 7RW.
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 comprises the invoiced value of goods and services supplied by the company.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
2.4. 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.
2.5. Taxation
Corporation 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2023 2022
Office and administration 1 1
1 1
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 18,073 961 2,053 21,087
As at 31 December 2023 18,073 961 2,053 21,087
Depreciation
As at 1 January 2023 17,753 825 1,464 20,042
Provided during the period 80 27 195 302
As at 31 December 2023 17,833 852 1,659 20,344
Net Book Value
As at 31 December 2023 240 109 394 743
As at 1 January 2023 320 136 589 1,045
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 195 -
Prepayments and accrued income 178 98
373 98
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 2,506
Corporation tax 1,160 (946 )
Credit card 1,047 1,656
Accruals and deferred income 1,619 -
Director's loan account 5,770 4,711
9,596 7,927
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
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8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from the director:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mrs Elizabeth Eddy 4,711 9,328 8,269 - 5,770
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2023 2022
£ £
Mrs Elizabeth Eddy - 8,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Elizabeth Eddy by virtue of her ownership of 100% of the issued share capital in the company.
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