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 SC351216 Mrs Heather Wilson Thomas Wilson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC351216 2022-11-30 SC351216 2023-11-30 SC351216 2022-12-01 2023-11-30 SC351216 frs-core:CurrentFinancialInstruments 2023-11-30 SC351216 frs-core:Non-currentFinancialInstruments 2023-11-30 SC351216 frs-core:MotorVehicles 2023-11-30 SC351216 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC351216 frs-core:MotorVehicles 2022-11-30 SC351216 frs-core:ShareCapital 2023-11-30 SC351216 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC351216 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC351216 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC351216 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC351216 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC351216 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC351216 1 2022-12-01 2023-11-30 SC351216 frs-bus:Director1 2022-12-01 2023-11-30 SC351216 frs-countries:Scotland 2022-12-01 2023-11-30 SC351216 2021-11-30 SC351216 2022-11-30 SC351216 2021-12-01 2022-11-30 SC351216 frs-core:CurrentFinancialInstruments 2022-11-30 SC351216 frs-core:Non-currentFinancialInstruments 2022-11-30 SC351216 frs-core:ShareCapital 2022-11-30 SC351216 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC351216
Gyle Service & Mot Centre (Edinburgh) Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Paterson Accountancy Ltd
29 Academy Place
Bathgate
EH48 1AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC351216
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,669 64,230
52,669 64,230
CURRENT ASSETS
Debtors 5 2 7,532
Cash at bank and in hand 332,756 262,167
332,758 269,699
Creditors: Amounts Falling Due Within One Year 6 (35,200 ) (16,557 )
NET CURRENT ASSETS (LIABILITIES) 297,558 253,142
TOTAL ASSETS LESS CURRENT LIABILITIES 350,227 317,372
Creditors: Amounts Falling Due After More Than One Year 7 (117,003 ) (127,841 )
NET ASSETS 233,224 189,531
CAPITAL AND RESERVES
Called up share capital 9 2 -
Profit and Loss Account 233,222 189,531
SHAREHOLDERS' FUNDS 233,224 189,531
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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 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.
The financial statements were approved by the board of directors on 23 April 2024 and were signed on its behalf by:
Mrs Heather Wilson
Director
23/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gyle Service & Mot Centre (Edinburgh) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC351216 . The registered office is Unit 13 (2), South Gyle Trade Park South Glye Crescent, Edinburgh, EH12 9EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Motor Vehicles 18% reducing
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
...CONTINUED
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2.5. Taxation - continued
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
Manufacturing 5 5
6 6
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 December 2022 64,230
As at 30 November 2023 64,230
Depreciation
As at 1 December 2022 -
Provided during the period 11,561
As at 30 November 2023 11,561
Net Book Value
As at 30 November 2023 52,669
As at 1 December 2022 64,230
5. Debtors
2023 2022
£ £
Due within one year
Pension scheme prepayments - 7,532
Called up share capital not paid 2 -
2 7,532
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts (2,362 ) (2,362 )
Director's loan account 37,562 18,919
35,200 16,557
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 91,230 102,068
Directors loan account 25,773 25,773
117,003 127,841
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Less: Finance charges allocated to future periods 2,362 2,362
9. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 2 -
Amount of Allotted, Called Up Share Capital 2 -
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Thomas Wilson by virtue of his ownership of 100% of the issued share capital in the company.
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