Acorah Software Products - Accounts Production 15.0.600 true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC421445 Mr James Clinton Mr James Connelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC421445 2023-07-31 SC421445 2024-07-31 SC421445 2023-08-01 2024-07-31 SC421445 frs-core:CurrentFinancialInstruments 2024-07-31 SC421445 frs-core:Non-currentFinancialInstruments 2024-07-31 SC421445 frs-core:ComputerEquipment 2024-07-31 SC421445 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC421445 frs-core:ComputerEquipment 2023-07-31 SC421445 frs-core:PlantMachinery 2024-07-31 SC421445 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC421445 frs-core:PlantMachinery 2023-07-31 SC421445 frs-core:ShareCapital 2024-07-31 SC421445 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC421445 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC421445 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC421445 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC421445 frs-bus:EntityNoLongerTradingButTradedInPast 2023-08-01 2024-07-31 SC421445 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC421445 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC421445 frs-bus:Director1 2023-08-01 2024-07-31 SC421445 frs-bus:Director2 2023-08-01 2024-07-31 SC421445 frs-countries:Scotland 2023-08-01 2024-07-31 SC421445 2022-07-31 SC421445 2023-07-31 SC421445 2022-08-01 2023-07-31 SC421445 frs-core:CurrentFinancialInstruments 2023-07-31 SC421445 frs-core:Non-currentFinancialInstruments 2023-07-31 SC421445 frs-core:ShareCapital 2023-07-31 SC421445 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC421445
Oakhill Homes (Scotland) Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC421445
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,417 1,859
1,417 1,859
CURRENT ASSETS
Cash at bank and in hand 84 84
84 84
Creditors: Amounts Falling Due Within One Year 6 (165,069 ) (121,434 )
NET CURRENT ASSETS (LIABILITIES) (164,985 ) (121,350 )
TOTAL ASSETS LESS CURRENT LIABILITIES (163,568 ) (119,491 )
Creditors: Amounts Falling Due After More Than One Year 7 - (42,179 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (353 ) (353 )
NET LIABILITIES (163,921 ) (162,023 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (163,923 ) (162,025 )
SHAREHOLDERS' FUNDS (163,921) (162,023)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 James Connelly
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oakhill Homes (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC421445 . The registered office is 10 Avonhead Road, Condorrat, Glasgow, G67 4RA.
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 Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% - reducing balance basis
Computer Equipment 20% - reducing balance basis
2.3. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 1 1
Manufacturing 1 1
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 8,624 3,205 11,829
As at 31 July 2024 8,624 3,205 11,829
Depreciation
As at 1 August 2023 7,227 2,743 9,970
Provided during the period 349 93 442
As at 31 July 2024 7,576 2,836 10,412
Net Book Value
As at 31 July 2024 1,048 369 1,417
As at 1 August 2023 1,397 462 1,859
5. Debtors
2024 2023
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 53,037 9,595
PAYE and NI 334 334
VAT 1,230 1,230
Accrued charges 724 964
Directors' loan accounts 109,744 109,310
165,069 121,434
The directors loans are unsecured, interest free and have no fixed terms of repayment.
The bank loan was obtained in May 2020 in terms of the Bounce Back Loan Scheme following the Covid19 pandemic and is accordance with the terms thereof.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 42,179
The bank loan was obtained in May 2020 in terms of the Bounce Back Loan Scheme following the Covid19 pandemic and is accordance with the terms thereof.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4