Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC491022 Mr Martin Gray Mr Russell Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC491022 2022-12-31 SC491022 2023-12-31 SC491022 2023-01-01 2023-12-31 SC491022 frs-core:CurrentFinancialInstruments 2023-12-31 SC491022 frs-core:Non-currentFinancialInstruments 2023-12-31 SC491022 frs-core:ComputerEquipment 2023-12-31 SC491022 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC491022 frs-core:ComputerEquipment 2022-12-31 SC491022 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 SC491022 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC491022 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC491022 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC491022 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC491022 frs-core:OtherResidualIntangibleAssets 2023-12-31 SC491022 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 SC491022 frs-core:OtherResidualIntangibleAssets 2022-12-31 SC491022 frs-core:PlantMachinery 2023-12-31 SC491022 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC491022 frs-core:PlantMachinery 2022-12-31 SC491022 frs-core:ShareCapital 2023-12-31 SC491022 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC491022 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC491022 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC491022 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC491022 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC491022 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC491022 frs-core:CostValuation 2022-12-31 SC491022 frs-core:CostValuation 2023-12-31 SC491022 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 SC491022 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 SC491022 frs-bus:Director1 2023-01-01 2023-12-31 SC491022 frs-bus:Director2 2023-01-01 2023-12-31 SC491022 frs-countries:Scotland 2023-01-01 2023-12-31 SC491022 2021-12-31 SC491022 2022-12-31 SC491022 2022-01-01 2022-12-31 SC491022 frs-core:CurrentFinancialInstruments 2022-12-31 SC491022 frs-core:Non-currentFinancialInstruments 2022-12-31 SC491022 frs-core:ShareCapital 2022-12-31 SC491022 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC491022
Muirfield Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Glass Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC491022
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,483 3,484
Tangible Assets 5 691,756 691,758
Investments 6 365,020 365,020
1,060,259 1,060,262
CURRENT ASSETS
Debtors 7 316,063 330,315
Cash at bank and in hand 27,422 19,232
343,485 349,547
Creditors: Amounts Falling Due Within One Year 8 (432,902 ) (335,957 )
NET CURRENT ASSETS (LIABILITIES) (89,417 ) 13,590
TOTAL ASSETS LESS CURRENT LIABILITIES 970,842 1,073,852
Creditors: Amounts Falling Due After More Than One Year 9 (3,184,688 ) (2,875,961 )
NET LIABILITIES (2,213,846 ) (1,802,109 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (2,213,847 ) (1,802,110 )
SHAREHOLDERS' FUNDS (2,213,846) (1,802,109)
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Page 2
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.
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 Martin Gray
Director
11/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Muirfield Group Limited is a private company, limited by shares, incorporated in Scotland, registered number SC491022 . The registered office is 2 Quality Street, North Berwick, East Lothian, EH39 4HW.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 5,090
As at 31 December 2023 5,090
Amortisation
As at 1 January 2023 1,606
Provided during the period 1
As at 31 December 2023 1,607
...CONTINUED
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Net Book Value
As at 31 December 2023 3,483
As at 1 January 2023 3,484
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 495,000 198,337 5,543 698,880
As at 31 December 2023 495,000 198,337 5,543 698,880
Depreciation
As at 1 January 2023 - 1,841 5,281 7,122
Provided during the period - 1 1 2
As at 31 December 2023 - 1,842 5,282 7,124
Net Book Value
As at 31 December 2023 495,000 196,495 261 691,756
As at 1 January 2023 495,000 196,496 262 691,758
6. Investments
Other
£
Cost
As at 1 January 2023 365,020
As at 31 December 2023 365,020
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 365,020
As at 1 January 2023 365,020
7. Debtors
2023 2022
£ £
Due within one year
Amounts owed by participating interests 315,703 301,541
Other debtors 360 28,774
316,063 330,315
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,303 1,304
Other loans 8,333 9,890
Amounts owed to participating interests 420,005 156,159
Other creditors 3,261 168,604
432,902 335,957
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 333,673 24,946
Other creditors 2,851,015 2,851,015
3,184,688 2,875,961
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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