Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC254204 Barry Morrison Gemma Morrison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC254204 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-11-30 SC254204 2022-11-30 SC254204 2023-11-30 SC254204 2022-12-01 2023-11-30 SC254204 frs-core:CurrentFinancialInstruments 2023-11-30 SC254204 frs-core:Non-currentFinancialInstruments 2023-11-30 SC254204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC254204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC254204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 SC254204 frs-core:MotorVehicles 2023-11-30 SC254204 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC254204 frs-core:MotorVehicles 2022-11-30 SC254204 frs-core:PlantMachinery 2023-11-30 SC254204 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC254204 frs-core:PlantMachinery 2022-11-30 SC254204 frs-core:ShareCapital 2023-11-30 SC254204 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC254204 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC254204 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC254204 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC254204 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC254204 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC254204 frs-bus:Director1 2022-12-01 2023-11-30 SC254204 frs-bus:Director2 2022-12-01 2023-11-30 SC254204 frs-countries:Scotland 2022-12-01 2023-11-30 SC254204 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-11-30 SC254204 2021-11-30 SC254204 2022-11-30 SC254204 2021-12-01 2022-11-30 SC254204 frs-core:CurrentFinancialInstruments 2022-11-30 SC254204 frs-core:Non-currentFinancialInstruments 2022-11-30 SC254204 frs-core:ShareCapital 2022-11-30 SC254204 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC254204
Barry Morrison Timber Harvesting Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC254204
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,503,850 1,479,790
1,503,850 1,479,790
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 77,025 45,143
Cash at bank and in hand 64,768 124,434
151,793 179,577
Creditors: Amounts Falling Due Within One Year 7 (243,139 ) (315,913 )
NET CURRENT ASSETS (LIABILITIES) (91,346 ) (136,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,412,504 1,343,454
Creditors: Amounts Falling Due After More Than One Year 8 (386,714 ) (373,241 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (193,906 ) (172,731 )
NET ASSETS 831,884 797,482
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 831,882 797,480
SHAREHOLDERS' FUNDS 831,884 797,482
Page 1
Page 2
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 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
Barry Morrison
Director
19 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Barry Morrison Timber Harvesting Limited is a private company, limited by shares, incorporated in Scotland, registered number SC254204 . The registered office is New Mains Farm, Premnay, Insch, Aberdeenshire, AB52 6PL.
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 FRS 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 represents amounts receivable from forestry harvesting and extraction services, net of VAT. Turnover is recognised as timber is felled.
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 2% straight line
Plant & Machinery 10% reducing balance
Motor Vehicles 15% 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 are stated at the lower of cost and estimated selling price less costs to complete and sell.
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 years 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 assets reflect 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: 3 (2022: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 December 2022 560,982 1,086,365 197,247 1,844,594
Additions 6,315 363,689 72,410 442,414
Disposals - (361,090 ) (52,502 ) (413,592 )
As at 30 November 2023 567,297 1,088,964 217,155 1,873,416
Depreciation
As at 1 December 2022 77,467 247,703 39,634 364,804
Provided during the period 9,346 80,954 25,961 116,261
Disposals - (93,106 ) (18,393 ) (111,499 )
As at 30 November 2023 86,813 235,551 47,202 369,566
Net Book Value
As at 30 November 2023 480,484 853,413 169,953 1,503,850
As at 1 December 2022 483,515 838,662 157,613 1,479,790
5. Stocks
2023 2022
£ £
Stock- materials 10,000 10,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,860 21,400
Prepayments and accrued income 7,207 -
Other debtors 46,381 23,743
VAT 15,577 -
77,025 45,143
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 116,692 123,983
Trade creditors 19,012 31,835
Bank loans and overdrafts 5,432 6,794
Corporation tax 21,085 78,608
Other taxes and social security 1,668 613
VAT - 6,756
Net wages - 4,228
...CONTINUED
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Page 5
Other creditors 2,493 2,194
Accruals and deferred income 9,553 8,705
Directors' loan accounts 67,204 52,197
243,139 315,913
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 295,018 277,337
Bank loans 91,696 95,904
386,714 373,241
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 56,364 61,934
9. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 411,710 401,320
Bank loans and overdrafts 97,128 102,698
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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