Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC198163 Mr Steven Mair Mr William Wishart Mr Edwin Masson Mr Norman Beedie Mr Robert Smith Mr Ewan Paterson Mr Scott Paterson Mr Ian Symons Mr Craig Trail Ms Marilene Walker Macrae Stephen & Co iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC198163 2023-07-31 SC198163 2024-07-31 SC198163 2023-08-01 2024-07-31 SC198163 frs-core:CurrentFinancialInstruments 2024-07-31 SC198163 frs-core:Non-currentFinancialInstruments 2024-07-31 SC198163 frs-core:ComputerEquipment 2024-07-31 SC198163 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC198163 frs-core:ComputerEquipment 2023-07-31 SC198163 frs-core:FurnitureFittings 2024-07-31 SC198163 frs-core:FurnitureFittings 2023-08-01 2024-07-31 SC198163 frs-core:FurnitureFittings 2023-07-31 SC198163 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 SC198163 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC198163 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 SC198163 frs-core:PlantMachinery 2024-07-31 SC198163 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC198163 frs-core:PlantMachinery 2023-07-31 SC198163 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC198163 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC198163 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC198163 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC198163 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC198163 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC198163 frs-bus:Director1 2023-08-01 2024-07-31 SC198163 frs-bus:Director2 2023-08-01 2024-07-31 SC198163 frs-bus:Director3 2023-08-01 2024-07-31 SC198163 frs-bus:Director4 2023-08-01 2024-07-31 SC198163 frs-bus:Director5 2023-08-01 2024-07-31 SC198163 frs-bus:Director6 2023-08-01 2024-07-31 SC198163 frs-bus:Director7 2023-08-01 2024-07-31 SC198163 frs-bus:Director8 2023-08-01 2024-07-31 SC198163 frs-bus:Director9 2023-08-01 2024-07-31 SC198163 frs-bus:Director10 2023-08-01 2024-07-31 SC198163 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 SC198163 frs-countries:Scotland 2023-08-01 2024-07-31 SC198163 2022-07-31 SC198163 2023-07-31 SC198163 2022-08-01 2023-07-31 SC198163 frs-core:CurrentFinancialInstruments 2023-07-31 SC198163 frs-core:Non-currentFinancialInstruments 2023-07-31 SC198163 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC198163
Sandhaven And Pitullie Harbour Trust Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC198163
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 134,532 139,375
134,532 139,375
CURRENT ASSETS
Debtors 5 2,682 115
Cash at bank and in hand 16,351 24,814
19,033 24,929
Creditors: Amounts Falling Due Within One Year 6 (18,008 ) (19,343 )
NET CURRENT ASSETS (LIABILITIES) 1,025 5,586
TOTAL ASSETS LESS CURRENT LIABILITIES 135,557 144,961
Creditors: Amounts Falling Due After More Than One Year 7 (93,859 ) (105,475 )
NET ASSETS 41,698 39,486
Profit and Loss Account 41,698 39,486
SHAREHOLDERS' FUNDS 41,698 39,486
Page 1
Page 2
For the year ending 31 July 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
Mr William Wishart
Director
Mr Robert Smith
Director
13/09/2024
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
Sandhaven And Pitullie Harbour Trust Limited is a private company, limited by guarantee, incorporated in Scotland, registered number SC198163 . The registered office is 57 High Street, Fraserburgh, Aberdeenshire, AB43 9ET.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 6.25% Straight Line
Plant & Machinery 33% Straight Line
Fixtures & Fittings 6.67% Straight Line
Computer Equipment 33% Straight Line
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
10Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 223,031 8,783 39,294 2,513 273,621
Additions 10,000 - - - 10,000
As at 31 July 2024 233,031 8,783 39,294 2,513 283,621
Depreciation
As at 1 August 2023 90,879 8,783 32,071 2,513 134,246
Provided during the period 13,940 - 903 - 14,843
As at 31 July 2024 104,819 8,783 32,974 2,513 149,089
Net Book Value
As at 31 July 2024 128,212 - 6,320 - 134,532
As at 1 August 2023 132,152 - 7,223 - 139,375
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 102 115
VAT 2,580 -
2,682 115
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT - 222
Accruals and deferred income 5,650 6,809
Government grants within one year 12,358 12,312
18,008 19,343
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Government grants after one year 93,859 105,475
Page 4