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 SC558923 Mr Alastair Smith Mr Alastair Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC558923 2022-12-31 SC558923 2023-12-31 SC558923 2023-01-01 2023-12-31 SC558923 frs-core:CurrentFinancialInstruments 2023-12-31 SC558923 frs-core:Non-currentFinancialInstruments 2023-12-31 SC558923 frs-core:ComputerEquipment 2023-12-31 SC558923 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC558923 frs-core:ComputerEquipment 2022-12-31 SC558923 frs-core:FurnitureFittings 2023-12-31 SC558923 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC558923 frs-core:FurnitureFittings 2022-12-31 SC558923 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC558923 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC558923 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC558923 frs-core:OtherReservesSubtotal 2023-12-31 SC558923 frs-core:ShareCapital 2023-12-31 SC558923 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC558923 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC558923 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC558923 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC558923 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC558923 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC558923 1 2023-01-01 2023-12-31 SC558923 frs-bus:Director1 2023-01-01 2023-12-31 SC558923 frs-countries:Scotland 2023-01-01 2023-12-31 SC558923 2021-12-31 SC558923 2022-12-31 SC558923 2022-01-01 2022-12-31 SC558923 frs-core:CurrentFinancialInstruments 2022-12-31 SC558923 frs-core:Non-currentFinancialInstruments 2022-12-31 SC558923 frs-core:OtherReservesSubtotal 2022-12-31 SC558923 frs-core:ShareCapital 2022-12-31 SC558923 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC558923
Westport Holdings Limited
Financial Statements
For The Year Ended 31 December 2023
Stewart Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC558923
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 180,131 180,192
180,131 180,192
CURRENT ASSETS
Cash at bank and in hand 4,251 16,686
4,251 16,686
Creditors: Amounts Falling Due Within One Year 5 (1,148 ) (986 )
NET CURRENT ASSETS (LIABILITIES) 3,103 15,700
TOTAL ASSETS LESS CURRENT LIABILITIES 183,234 195,892
Creditors: Amounts Falling Due After More Than One Year 6 (173,985 ) (189,420 )
NET ASSETS 9,249 6,472
CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves 11,698 11,698
Profit and Loss Account (2,549 ) (5,326 )
SHAREHOLDERS' FUNDS 9,249 6,472
Page 1
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 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.
On behalf of the board
Mr Alastair Smith
Director
6th September 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
Westport Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC558923 . The registered office is Office 90, Alloa Business Centre, The Whins , Alloa, Clackmannanshire, FK10 3SA.
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 no depreciation
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 180,000 184 570 180,754
As at 31 December 2023 180,000 184 570 180,754
Depreciation
As at 1 January 2023 - 151 411 562
Provided during the period - 8 53 61
As at 31 December 2023 - 159 464 623
Net Book Value
As at 31 December 2023 180,000 25 106 180,131
As at 1 January 2023 180,000 33 159 180,192
Cost or valuation as at 31 December 2023 represented by:
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
At cost - 184 570 754
At valuation 180,000 - - 180,000
180,000 184 570 180,754
The property was revalued by the director in the period to 28 February 2018 to £177,000. The director further revalued the property to £180,000 in the period to 31 December 2022.
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 168,302
Page 4
Page 5
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 1,148 986
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 133,985 133,985
Directors loan account 40,000 55,435
173,985 189,420
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Alastair Smith by virtue of his ownership of 100% of the issued share capital in the company.
Page 5