Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 SC270100 Mr Scott McDowall Ms Michelle Denise Mather iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC270100 2022-07-31 SC270100 2023-07-31 SC270100 2022-08-01 2023-07-31 SC270100 frs-core:CurrentFinancialInstruments 2023-07-31 SC270100 frs-core:Non-currentFinancialInstruments 2023-07-31 SC270100 frs-core:BetweenOneFiveYears 2023-07-31 SC270100 frs-core:MotorVehicles 2023-07-31 SC270100 frs-core:MotorVehicles 2022-08-01 2023-07-31 SC270100 frs-core:MotorVehicles 2022-07-31 SC270100 frs-core:PlantMachinery 2023-07-31 SC270100 frs-core:PlantMachinery 2022-08-01 2023-07-31 SC270100 frs-core:PlantMachinery 2022-07-31 SC270100 frs-core:WithinOneYear 2023-07-31 SC270100 frs-core:ShareCapital 2023-07-31 SC270100 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC270100 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC270100 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 SC270100 frs-bus:SmallEntities 2022-08-01 2023-07-31 SC270100 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC270100 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC270100 frs-bus:Director1 2022-08-01 2023-07-31 SC270100 frs-bus:Director2 2022-08-01 2023-07-31 SC270100 frs-core:CurrentFinancialInstruments 1 2023-07-31 SC270100 frs-core:Non-currentFinancialInstruments 1 2023-07-31 SC270100 frs-core:CurrentFinancialInstruments 3 2023-07-31 SC270100 frs-countries:Scotland 2022-08-01 2023-07-31 SC270100 2021-07-31 SC270100 2022-07-31 SC270100 2021-08-01 2022-07-31 SC270100 frs-core:CurrentFinancialInstruments 2022-07-31 SC270100 frs-core:Non-currentFinancialInstruments 2022-07-31 SC270100 frs-core:BetweenOneFiveYears 2022-07-31 SC270100 frs-core:WithinOneYear 2022-07-31 SC270100 frs-core:ShareCapital 2022-07-31 SC270100 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 SC270100 frs-core:CurrentFinancialInstruments 1 2022-07-31 SC270100 frs-core:Non-currentFinancialInstruments 1 2022-07-31 SC270100 frs-core:CurrentFinancialInstruments 3 2022-07-31
Registered number: SC270100
Ayrshire Building Construction 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—6
Page 1
Balance Sheet
Registered number: SC270100
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,921 26,401
19,921 26,401
CURRENT ASSETS
Stocks 5 146,292 35,000
Debtors 6 1,165 4,143
Cash at bank and in hand 463,914 579,991
611,371 619,134
Creditors: Amounts Falling Due Within One Year 7 (141,516 ) (125,506 )
NET CURRENT ASSETS (LIABILITIES) 469,855 493,628
TOTAL ASSETS LESS CURRENT LIABILITIES 489,776 520,029
Creditors: Amounts Falling Due After More Than One Year 8 (30,308 ) (45,441 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,875 ) (5,016 )
NET ASSETS 455,593 469,572
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 455,493 469,472
SHAREHOLDERS' FUNDS 455,593 469,572
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 Scott McDowall
Director
31/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ayrshire Building Construction Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC270100 . The registered office is 54 South Beach, Troon, Ayrshire, KA10 6EF.
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:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
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. 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.
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2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2022 6,834 46,698 53,532
As at 31 July 2023 6,834 46,698 53,532
Depreciation
As at 1 August 2022 5,628 21,503 27,131
Provided during the period 181 6,299 6,480
As at 31 July 2023 5,809 27,802 33,611
Net Book Value
As at 31 July 2023 1,025 18,896 19,921
As at 1 August 2022 1,206 25,195 26,401
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5. Stocks
2023 2022
£ £
Stock 106,292 -
Work in progress 40,000 35,000
146,292 35,000
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,165 1,121
Other debtors - 59
VAT - 2,963
1,165 4,143
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,963 12,737
Trade creditors 19,649 27,875
Corporation tax 40,577 40,577
Other taxes and social security 779 1,876
VAT 46,518 -
Credit card liability 3,778 8,717
Bounce back loan 10,648 10,648
Accruals 4,299 2,134
Directors' loan accounts 6,305 20,942
141,516 125,506
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,108 17,296
Bounceback loan 18,200 28,145
30,308 45,441
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,963 12,737
Later than one year and not later than five years 12,108 17,296
21,071 30,033
21,071 30,033
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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