1 January 2023 false No description of principal activity Taxfiler 2024.5 SC370347business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC3703472022-12-31 SC3703472023-01-012023-12-31 SC370347business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC370347business:AbridgedAccounts2023-01-012023-12-31 SC3703472023-12-31 SC370347business:Director12023-01-012023-12-31 SC370347business:Director22023-01-012023-12-31 SC370347business:RegisteredOffice2023-01-012023-12-31 SC3703472022-12-31 SC370347core:WithinOneYear2023-12-31 SC370347core:WithinOneYear2022-12-31 SC370347core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC370347core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC370347core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC370347core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC370347core:PreviouslyStatedAmount2023-12-31 SC370347core:PreviouslyStatedAmount2022-12-31 SC370347business:SmallEntities2023-01-012023-12-31 SC370347countries:Scotland2023-01-012023-12-31 SC370347core:LandBuildings2023-01-012023-12-31 SC370347core:FurnitureFittings2023-01-012023-12-31 SC370347core:BetweenOneFiveYears2023-12-31 SC370347core:BetweenOneFiveYears2022-12-31 SC3703472022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC370347 (Scotland)
Inverdruie Ropes Course Limited Unaudited accounts for the year ended 31 December 2023
Inverdruie Ropes Course Limited Unaudited accounts Contents
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Inverdruie Ropes Course Limited Company Information for the year ended 31 December 2023
Directors
M Dunthorne J Grant
Company Number
SC370347 (Scotland)
Registered Office
14 Cabrich Kirkhill Inverness IV5 7PH
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Inverdruie Ropes Course Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
655 
Current assets
Debtors
2,701 
6,989 
Cash at bank and in hand
1,420 
15,619 
4,121 
22,608 
Creditors: amounts falling due within one year
(4,140)
(20,020)
Net current (liabilities)/assets
(19)
2,588 
Total assets less current liabilities
(19)
3,243 
Provisions for liabilities
Deferred tax
- 
(124)
Net (liabilities)/assets
(19)
3,119 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(119)
3,019 
Shareholders' funds
(19)
3,119 
For the year ending 31 December 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by
M Dunthorne Director Company Registration No. SC370347
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Inverdruie Ropes Course Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Inverdruie Ropes Course Limited is a private company, limited by shares, registered in Scotland, registration number SC370347. The registered office is 14 Cabrich, Kirkhill, Inverness, IV5 7PH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over twelve years or the life of the lease.
Fixtures & fittings
20% - 33% straight line.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Inverdruie Ropes Course Limited Notes to the Accounts for the year ended 31 December 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
151,662 
At 31 December 2023
151,662 
Depreciation
At 1 January 2023
151,007 
Charge for the year
655 
At 31 December 2023
151,662 
Net book value
At 31 December 2023
- 
At 31 December 2022
655 
5
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
100 
- 
Later than one year and not later than five years
- 
200 
100 
200 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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