Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 SC635580 Mr Stuart Downer Mrs Mary Downer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC635580 2022-07-31 SC635580 2023-07-31 SC635580 2022-08-01 2023-07-31 SC635580 frs-core:CurrentFinancialInstruments 2023-07-31 SC635580 frs-core:Non-currentFinancialInstruments 2023-07-31 SC635580 frs-core:ComputerEquipment 2023-07-31 SC635580 frs-core:ComputerEquipment 2022-08-01 2023-07-31 SC635580 frs-core:ComputerEquipment 2022-07-31 SC635580 frs-core:FurnitureFittings 2023-07-31 SC635580 frs-core:FurnitureFittings 2022-08-01 2023-07-31 SC635580 frs-core:FurnitureFittings 2022-07-31 SC635580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 SC635580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 SC635580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 SC635580 frs-core:ShareCapital 2023-07-31 SC635580 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC635580 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC635580 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 SC635580 frs-bus:SmallEntities 2022-08-01 2023-07-31 SC635580 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC635580 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC635580 frs-bus:Director1 2022-08-01 2023-07-31 SC635580 frs-bus:Director2 2022-08-01 2023-07-31 SC635580 frs-countries:Scotland 2022-08-01 2023-07-31 SC635580 2021-07-31 SC635580 2022-07-31 SC635580 2021-08-01 2022-07-31 SC635580 frs-core:CurrentFinancialInstruments 2022-07-31 SC635580 frs-core:Non-currentFinancialInstruments 2022-07-31 SC635580 frs-core:ShareCapital 2022-07-31 SC635580 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: SC635580
Fsd Hospitality Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
J Bruce Andrew & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC635580
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 139,513 141,488
139,513 141,488
CURRENT ASSETS
Stocks 5 8,114 7,363
Debtors 6 - 17,788
Cash at bank and in hand 7,074 15,962
15,188 41,113
Creditors: Amounts Falling Due Within One Year 7 (153,715 ) (133,721 )
NET CURRENT ASSETS (LIABILITIES) (138,527 ) (92,608 )
TOTAL ASSETS LESS CURRENT LIABILITIES 986 48,880
Creditors: Amounts Falling Due After More Than One Year 8 (10,118 ) (39,601 )
NET (LIABILITIES)/ASSETS (9,132 ) 9,279
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (9,134 ) 9,277
SHAREHOLDERS' FUNDS (9,132) 9,279
Page 1
Page 2
For the year ending 31 July 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 Stuart Downer
Director
17/04/2024
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
Fsd Hospitality Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC635580 . The registered office is The Coach House, Routenburn Road, Largs, KA30 8SE.
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 Non-depreciated
Fixtures & Fittings 25% reducing balance
Computer Equipment 20% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 129,460 20,371 547 150,378
Additions - 1,415 - 1,415
As at 31 July 2023 129,460 21,786 547 151,793
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 - 8,671 219 8,890
Provided during the period - 3,280 110 3,390
As at 31 July 2023 - 11,951 329 12,280
Net Book Value
As at 31 July 2023 129,460 9,835 218 139,513
As at 1 August 2022 129,460 11,700 328 141,488
5. Stocks
2023 2022
£ £
Materials 8,114 7,363
6. Debtors
2023 2022
£ £
Due within one year
VAT - 17,788
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,741 1,964
Bank loans and overdrafts 5,460 5,460
Other taxes and social security 4,046 2,820
VAT 4,157 -
Other creditors - 199
Accruals and deferred income 3,561 3,330
Directors' loan accounts 130,750 119,948
153,715 133,721
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 10,118 39,601
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4