IRIS Accounts Production v24.1.9.2 SC418077 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4180772023-02-28SC4180772024-02-29SC4180772023-03-012024-02-29SC4180772022-08-31SC4180772022-09-012023-02-28SC4180772023-02-28SC418077ns15:Scotland2023-03-012024-02-29SC418077ns14:PoundSterling2023-03-012024-02-29SC418077ns10:Director12023-03-012024-02-29SC418077ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC418077ns10:SmallEntities2023-03-012024-02-29SC418077ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29SC418077ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-29SC418077ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC418077ns10:AbridgedAccounts2023-03-012024-02-29SC418077ns10:Director22023-03-012024-02-29SC418077ns10:RegisteredOffice2023-03-012024-02-29SC418077ns5:CurrentFinancialInstruments2024-02-29SC418077ns5:CurrentFinancialInstruments2023-02-28SC418077ns5:Non-currentFinancialInstruments2024-02-29SC418077ns5:Non-currentFinancialInstruments2023-02-28SC418077ns5:ShareCapital2024-02-29SC418077ns5:ShareCapital2023-02-28SC418077ns5:RetainedEarningsAccumulatedLosses2024-02-29SC418077ns5:RetainedEarningsAccumulatedLosses2023-02-28SC418077ns5:LandBuildings2023-03-012024-02-29SC418077ns5:PlantMachinery2023-03-012024-02-29SC418077ns5:Secured2024-02-29SC418077ns5:Secured2023-02-28
REGISTERED NUMBER: SC418077 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Visit Applecross Ltd

Visit Applecross Ltd (Registered number: SC418077)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Visit Applecross Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A C Goldthorpe
Ms A Goldthorpe





REGISTERED OFFICE: Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB





REGISTERED NUMBER: SC418077 (Scotland)





ACCOUNTANTS: Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

Visit Applecross Ltd (Registered number: SC418077)

Abridged Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 310,128

CURRENT ASSETS
Stocks - 1,500
Debtors 16,871 4,409
Cash at bank 6,311 7,067
23,182 12,976
CREDITORS
Amounts falling due within one year 100,029 126,899
NET CURRENT LIABILITIES (76,847 ) (113,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(76,847

)

196,205

CREDITORS
Amounts falling due after more than
one year

5

129,254

177,228
NET (LIABILITIES)/ASSETS (206,101 ) 18,977

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (206,201 ) 18,877
SHAREHOLDERS' FUNDS (206,101 ) 18,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Visit Applecross Ltd (Registered number: SC418077)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





A C Goldthorpe - Director


Visit Applecross Ltd (Registered number: SC418077)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Visit Applecross Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on reducing balance and 5% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Visit Applecross Ltd (Registered number: SC418077)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 455,521
Additions 4,752
Disposals (460,273 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 145,393
Eliminated on disposal (145,393 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 310,128

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
29.2.24 28.2.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 69,189 59,627

6. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank overdrafts 17,647 17,019
Bank loans 93,199 99,313
110,846 116,332

Visit Applecross Ltd (Registered number: SC418077)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. ULTIMATE CONTROLLING PARTY

There is no single controlling party.