Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC426265 Miss Nicola Tannahill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC426265 2023-06-30 SC426265 2024-06-30 SC426265 2023-07-01 2024-06-30 SC426265 frs-core:CurrentFinancialInstruments 2024-06-30 SC426265 frs-core:Non-currentFinancialInstruments 2024-06-30 SC426265 frs-core:ComputerEquipment 2024-06-30 SC426265 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC426265 frs-core:ComputerEquipment 2023-06-30 SC426265 frs-core:MotorVehicles 2024-06-30 SC426265 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC426265 frs-core:MotorVehicles 2023-06-30 SC426265 frs-core:PlantMachinery 2024-06-30 SC426265 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC426265 frs-core:PlantMachinery 2023-06-30 SC426265 frs-core:ShareCapital 2024-06-30 SC426265 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC426265 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC426265 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC426265 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC426265 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC426265 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC426265 frs-bus:Director1 2023-07-01 2024-06-30 SC426265 frs-countries:Scotland 2023-07-01 2024-06-30 SC426265 2022-06-30 SC426265 2023-06-30 SC426265 2022-07-01 2023-06-30 SC426265 frs-core:CurrentFinancialInstruments 2023-06-30 SC426265 frs-core:Non-currentFinancialInstruments 2023-06-30 SC426265 frs-core:ShareCapital 2023-06-30 SC426265 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC426265
School of Snowsports Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Tax Link
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC426265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 163,184 113,875
163,184 113,875
CURRENT ASSETS
Debtors 5 14,008 2,145
Cash at bank and in hand 545 174
14,553 2,319
Creditors: Amounts Falling Due Within One Year 6 (541,580 ) (326,495 )
NET CURRENT ASSETS (LIABILITIES) (527,027 ) (324,176 )
TOTAL ASSETS LESS CURRENT LIABILITIES (363,843 ) (210,301 )
Creditors: Amounts Falling Due After More Than One Year 7 - (71,930 )
NET LIABILITIES (363,843 ) (282,231 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (363,845 ) (282,233 )
SHAREHOLDERS' FUNDS (363,843) (282,231)
Page 1
Page 2
For the year ending 30 June 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 her 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
Miss Nicola Tannahill
Director
30/08/2024
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
School of Snowsports Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC426265 . The registered office is 14 Beinn Ghuilbinn, Aviemore, PH22 1LB.
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:
Plant & Machinery Straight Line Basis Main Pool 18%
Motor Vehicles Straight Line Basis Main Pool 18%
Computer Equipment Straight Line Basis Main Pool 18%
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
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 95,153 115,202 3,490 213,845
Additions - 105,428 - 105,428
As at 30 June 2024 95,153 220,630 3,490 319,273
Depreciation
As at 1 July 2023 48,299 49,906 1,765 99,970
Provided during the period 11,713 42,681 1,725 56,119
As at 30 June 2024 60,012 92,587 3,490 156,089
Net Book Value
As at 30 June 2024 35,141 128,043 - 163,184
As at 1 July 2023 46,854 65,296 1,725 113,875
5. Debtors
2024 2023
£ £
Due within one year
VAT 11,863 -
Other taxes and social security 2,145 2,145
14,008 2,145
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 11,741
VAT - 421
Director's loan account 541,581 314,333
541,580 326,495
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 61,030
Government grants after one year - 10,900
- 71,930
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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