Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC193753 Ronald Macleod Alexis Macleod iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC193753 2022-11-30 SC193753 2023-11-30 SC193753 2022-12-01 2023-11-30 SC193753 frs-core:CurrentFinancialInstruments 2023-11-30 SC193753 frs-core:Non-currentFinancialInstruments 2023-11-30 SC193753 frs-core:FurnitureFittings 2023-11-30 SC193753 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC193753 frs-core:FurnitureFittings 2022-11-30 SC193753 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC193753 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC193753 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 SC193753 frs-core:PlantMachinery 2023-11-30 SC193753 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC193753 frs-core:PlantMachinery 2022-11-30 SC193753 frs-core:ShareCapital 2023-11-30 SC193753 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC193753 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC193753 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC193753 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC193753 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC193753 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC193753 frs-bus:Director1 2022-12-01 2023-11-30 SC193753 frs-bus:Director2 2022-12-01 2023-11-30 SC193753 frs-countries:Scotland 2022-12-01 2023-11-30 SC193753 2021-11-30 SC193753 2022-11-30 SC193753 2021-12-01 2022-11-30 SC193753 frs-core:CurrentFinancialInstruments 2022-11-30 SC193753 frs-core:Non-currentFinancialInstruments 2022-11-30 SC193753 frs-core:ShareCapital 2022-11-30 SC193753 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC193753
Glenmac Sport Fisheries Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
14 Newton Place
Glasgow
G3 7PY
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC193753
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,025 95,334
95,025 95,334
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 - 263
Cash at bank and in hand 6,672 292
11,672 5,555
Creditors: Amounts Falling Due Within One Year 7 (26,468 ) (33,992 )
NET CURRENT ASSETS (LIABILITIES) (14,796 ) (28,437 )
TOTAL ASSETS LESS CURRENT LIABILITIES 80,229 66,897
Creditors: Amounts Falling Due After More Than One Year 8 (7,286 ) (11,084 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (176 ) (235 )
NET ASSETS 72,767 55,578
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 72,667 55,478
SHAREHOLDERS' FUNDS 72,767 55,578
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For the year ending 30 November 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 Income Statement.
On behalf of the board
Alexis Macleod
Director
29/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Glenmac Sport Fisheries Limited is a private company, limited by shares, incorporated in Scotland, registered number SC193753 . The registered office is C/O Gallone And Co, 14 Newton Place, Glasgow, G3 7PY.
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 rendering of services.

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 Not depreciated
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 94,097 5,205 11,536 110,838
As at 30 November 2023 94,097 5,205 11,536 110,838
Depreciation
As at 1 December 2022 - 5,002 10,502 15,504
Provided during the period - 51 258 309
As at 30 November 2023 - 5,053 10,760 15,813
Net Book Value
As at 30 November 2023 94,097 152 776 95,025
As at 1 December 2022 94,097 203 1,034 95,334
5. Stocks
2023 2022
£ £
Stock 5,000 5,000
6. Debtors
2023 2022
£ £
Due within one year
Other taxes and social security - 263
- 263
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,261 13,231
Bank loans and overdrafts 4,022 6,382
Corporation tax 5,967 3,820
Other taxes and social security 70 -
Accruals and deferred income 2,310 2,244
Directors' loan accounts 838 8,315
26,468 33,992
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 7,286 11,084
7,286 11,084
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5