Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 27 January 2022 false 1 February 2023 31 January 2024 31 January 2024 SC721186 Mrs Linda Cunningham Mr Michael Cunningham Mr Michael Cunningham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC721186 2023-01-31 SC721186 2024-01-31 SC721186 2023-02-01 2024-01-31 SC721186 frs-core:Non-currentFinancialInstruments 2024-01-31 SC721186 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC721186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC721186 frs-core:ShareCapital 2024-01-31 SC721186 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC721186 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC721186 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC721186 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC721186 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC721186 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC721186 frs-bus:Director1 2023-02-01 2024-01-31 SC721186 frs-bus:Director2 2023-02-01 2024-01-31 SC721186 frs-bus:Director3 2023-02-01 2024-01-31 SC721186 frs-countries:Scotland 2023-02-01 2024-01-31 SC721186 2022-01-26 SC721186 2023-01-31 SC721186 2022-01-27 2023-01-31 SC721186 frs-core:Non-currentFinancialInstruments 2023-01-31 SC721186 frs-core:ShareCapital 2023-01-31 SC721186 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC721186
Atlantic Glencairn Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
C.I.K. Accounting Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: SC721186
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 323,785 226,900
323,785 226,900
CURRENT ASSETS
Debtors 519 234
Cash at bank and in hand 2,985 22,648
3,504 22,882
Creditors: Amounts Falling Due Within One Year (324 ) (49 )
NET CURRENT ASSETS (LIABILITIES) 3,180 22,833
TOTAL ASSETS LESS CURRENT LIABILITIES 326,965 249,733
Creditors: Amounts Falling Due After More Than One Year (333,893 ) (257,971 )
NET LIABILITIES (6,928 ) (8,238 )
CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and Loss Account (6,930 ) (8,240 )
SHAREHOLDERS' FUNDS (6,928) (8,238)
Page 1
Page 2
For the year ending 31 January 2024 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
Mrs Linda Cunningham
Director
26/04/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Atlantic Glencairn Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC721186 . The registered office is The Coach House, 26 Main Street, Longforgan, Dundee, DD2 5ET.
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 Depreciation - nil
Fixtures & Fittings 25% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3