Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 SC365202 Mrs Angela Campbell Mr Graeme Campbell Mrs Angela Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC365202 2022-09-30 SC365202 2023-09-30 SC365202 2022-10-01 2023-09-30 SC365202 frs-core:CurrentFinancialInstruments 2023-09-30 SC365202 frs-core:ComputerEquipment 2023-09-30 SC365202 frs-core:ComputerEquipment 2022-10-01 2023-09-30 SC365202 frs-core:ComputerEquipment 2022-09-30 SC365202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 SC365202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 SC365202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-30 SC365202 frs-core:MotorVehicles 2023-09-30 SC365202 frs-core:MotorVehicles 2022-10-01 2023-09-30 SC365202 frs-core:MotorVehicles 2022-09-30 SC365202 frs-core:PlantMachinery 2023-09-30 SC365202 frs-core:PlantMachinery 2022-10-01 2023-09-30 SC365202 frs-core:PlantMachinery 2022-09-30 SC365202 frs-core:ShareCapital 2023-09-30 SC365202 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC365202 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC365202 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 SC365202 frs-bus:SmallEntities 2022-10-01 2023-09-30 SC365202 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 SC365202 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 SC365202 frs-bus:Director1 2022-10-01 2023-09-30 SC365202 frs-bus:Director2 2022-10-01 2023-09-30 SC365202 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 SC365202 frs-countries:Scotland 2022-10-01 2023-09-30 SC365202 2021-09-30 SC365202 2022-09-30 SC365202 2021-10-01 2022-09-30 SC365202 frs-core:CurrentFinancialInstruments 2022-09-30 SC365202 frs-core:ShareCapital 2022-09-30 SC365202 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: SC365202
Graeme Campbell Joinery Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
M Squared Accountants Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC365202
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 513 842
513 842
CURRENT ASSETS
Stocks 5 7,226 -
Cash at bank and in hand 120,171 115,107
127,397 115,107
Creditors: Amounts Falling Due Within One Year 7 (25,790 ) (23,270 )
NET CURRENT ASSETS (LIABILITIES) 101,607 91,837
TOTAL ASSETS LESS CURRENT LIABILITIES 102,120 92,679
PROVISIONS FOR LIABILITIES
Deferred Taxation (97 ) (169 )
NET ASSETS 102,023 92,510
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 101,923 92,410
SHAREHOLDERS' FUNDS 102,023 92,510
Page 1
Page 2
For the year ending 30 September 2023 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 Graeme Campbell
Director
07/02/2024
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
Graeme Campbell Joinery Limited is a private company, limited by shares, incorporated in Scotland, registered number SC365202 . The registered office is Tigh Na Bruach, Phingask, Fraserburgh, Aberdeenshire, AB43 7BL.
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 10% on cost
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Computer Equipment 33% SL
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.
2.5. 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2022 1,550 4,653 22,570 666 29,439
As at 30 September 2023 1,550 4,653 22,570 666 29,439
Depreciation
As at 1 October 2022 1,550 4,257 22,570 220 28,597
Provided during the period - 110 - 219 329
As at 30 September 2023 1,550 4,367 22,570 439 28,926
Net Book Value
As at 30 September 2023 - 286 - 227 513
As at 1 October 2022 - 396 - 446 842
5. Stocks
2023 2022
£ £
Materials 500 -
Work in progress 6,726 -
7,226 -
6. Debtors
2023 2022
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 251 4,979
Corporation tax 11,929 7,104
Other taxes and social security 630 603
VAT 5,874 5,095
Accruals and deferred income 2,435 2,000
Directors' loan accounts 4,671 3,489
25,790 23,270
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5