Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC300206 Gordon Cooley Margaret Cooley Gemma Devlin Craig Quinton Gemma Devlin Cooley Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC300206 2023-06-30 SC300206 2024-06-30 SC300206 2023-07-01 2024-06-30 SC300206 frs-core:CurrentFinancialInstruments 2024-06-30 SC300206 frs-core:ComputerEquipment 2024-06-30 SC300206 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC300206 frs-core:ComputerEquipment 2023-06-30 SC300206 frs-core:NetGoodwill 2024-06-30 SC300206 frs-core:NetGoodwill 2023-06-30 SC300206 frs-core:MotorVehicles 2024-06-30 SC300206 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC300206 frs-core:MotorVehicles 2023-06-30 SC300206 frs-core:PlantMachinery 2024-06-30 SC300206 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC300206 frs-core:PlantMachinery 2023-06-30 SC300206 frs-core:ShareCapital 2024-06-30 SC300206 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC300206 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC300206 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC300206 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC300206 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC300206 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC300206 1 2023-07-01 2024-06-30 SC300206 frs-bus:Director1 2023-07-01 2024-06-30 SC300206 frs-bus:Director2 2023-07-01 2024-06-30 SC300206 frs-bus:Director3 2023-07-01 2024-06-30 SC300206 frs-bus:Director4 2023-07-01 2024-06-30 SC300206 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 SC300206 frs-countries:Scotland 2023-07-01 2024-06-30 SC300206 2022-06-30 SC300206 2023-06-30 SC300206 2022-07-01 2023-06-30 SC300206 frs-core:CurrentFinancialInstruments 2023-06-30 SC300206 frs-core:ShareCapital 2023-06-30 SC300206 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC300206
GORDON COOLEY COACHBUILDERS LTD.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC300206
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,050 14,576
20,050 14,576
CURRENT ASSETS
Stocks 6 81,191 143,921
Debtors 7 282,938 290,280
Cash at bank and in hand 591,397 391,944
955,526 826,145
Creditors: Amounts Falling Due Within One Year 8 (286,964 ) (258,623 )
NET CURRENT ASSETS (LIABILITIES) 668,562 567,522
TOTAL ASSETS LESS CURRENT LIABILITIES 688,612 582,098
NET ASSETS 688,612 582,098
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 688,610 582,096
SHAREHOLDERS' FUNDS 688,612 582,098
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For the year ending 30 June 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
Gordon Cooley
Director
23 August 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
GORDON COOLEY COACHBUILDERS LTD. is a private company, limited by shares, incorporated in Scotland, registered number SC300206 . The registered office is Unit 10/12 Evanton Place, Thornliebank Industrial Estate, Glasgow, G46 8JE.
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.
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 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 33.33% straight line
2.4. Leasing and Hire Purchase Contracts
Lease payments are recognised as an expense over the lease term on a straight-line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a
straight-line basis.
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.
2.6. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
2.7. 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.
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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
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4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 600,000
As at 30 June 2024 600,000
Amortisation
As at 1 July 2023 600,000
As at 30 June 2024 600,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 171,208 9,425 29,211 209,844
Additions 12,995 - 313 13,308
As at 30 June 2024 184,203 9,425 29,524 223,152
Depreciation
As at 1 July 2023 160,401 8,227 26,640 195,268
Provided during the period 6,562 312 960 7,834
As at 30 June 2024 166,963 8,539 27,600 203,102
Net Book Value
As at 30 June 2024 17,240 886 1,924 20,050
As at 1 July 2023 10,807 1,198 2,571 14,576
6. Stocks
2024 2023
£ £
Stock 16,105 14,641
Work in progress 65,086 129,280
81,191 143,921
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 208,280 213,517
Other debtors 74,658 76,763
282,938 290,280
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 76,121 90,854
Other creditors 89,212 38,543
Taxation and social security 121,631 129,226
286,964 258,623
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
As at 30 June 2024, the company was owed the amount of £51,465 from Cooley Properties Limited,
which is a company registered in company Scotland under company number SC300204. During the
year the company paid rent of £58,000 to Cooley Properties Limited.
11. Ultimate Controlling Party
The company's ultimate controlling party is Cooley Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.
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