Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC409422 Mr Ross Henderson Mrs Michelle Henderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC409422 2023-03-31 SC409422 2024-03-31 SC409422 2023-04-01 2024-03-31 SC409422 frs-core:Non-currentFinancialInstruments 2024-03-31 SC409422 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC409422 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC409422 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC409422 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC409422 frs-core:ShareCapital 2024-03-31 SC409422 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC409422 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC409422 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 SC409422 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC409422 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC409422 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC409422 frs-bus:Director1 2023-04-01 2024-03-31 SC409422 frs-bus:Director1 2023-03-31 SC409422 frs-bus:Director1 2024-03-31 SC409422 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC409422 frs-countries:Scotland 2023-04-01 2024-03-31 SC409422 2022-03-31 SC409422 2023-03-31 SC409422 2022-04-01 2023-03-31 SC409422 frs-core:Non-currentFinancialInstruments 2023-03-31 SC409422 frs-core:ShareCapital 2023-03-31 SC409422 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
TORBREX INNS LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: SC409422
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 214,838 214,321
214,838 214,321
CURRENT ASSETS
Stocks 11,500 1,000
Debtors 56,089 175,453
Cash at bank and in hand 34,886 31,122
102,475 207,575
Creditors: Amounts Falling Due Within One Year (90,191 ) (27,771 )
NET CURRENT ASSETS (LIABILITIES) 12,284 179,804
TOTAL ASSETS LESS CURRENT LIABILITIES 227,122 394,125
Creditors: Amounts Falling Due After More Than One Year (6,045 ) (10,468 )
NET ASSETS 221,077 383,657
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 221,075 383,655
SHAREHOLDERS' FUNDS 221,077 383,657
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ross Henderson
Director
15th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
TORBREX INNS LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC409422 . The registered office is 10-12 Airthrey Road, Causewayhead, Stirling, FK9 5JR.
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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 Not Depreciated
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
Impairment of Fixed Assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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2.4. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct material and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impaiment losses are also recognised in profit or loss.
2.5. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as
reported in the profit and loss account because it excludes items of income or expense that are taxable or
deductible in other years and it further excludes 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
reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised
to the extent that it is probable that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing
difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction
that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period
when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss
account, except when it relates to items charged or credited directly to equity, in which case the deferred
tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally
enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate
to taxes levied by the same tax authority.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 23)
23 23
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 291,571
Additions 3,706
As at 31 March 2024 295,277
Depreciation
As at 1 April 2023 77,250
Provided during the period 3,189
As at 31 March 2024 80,439
...CONTINUED
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Net Book Value
As at 31 March 2024 214,838
As at 1 April 2023 214,321
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Ross Henderson 71,979 - 71,979 - -
The above loan is unsecured, interest free and repayable on demand.
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