Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC334291 Mr Brian Reilly true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC334291 2022-11-30 SC334291 2023-11-30 SC334291 2022-12-01 2023-11-30 SC334291 frs-core:CurrentFinancialInstruments 2023-11-30 SC334291 frs-core:Non-currentFinancialInstruments 2023-11-30 SC334291 frs-core:BetweenOneFiveYears 2023-11-30 SC334291 frs-core:ComputerEquipment 2023-11-30 SC334291 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC334291 frs-core:ComputerEquipment 2022-11-30 SC334291 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 SC334291 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 SC334291 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 SC334291 frs-core:MotorVehicles 2023-11-30 SC334291 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC334291 frs-core:MotorVehicles 2022-11-30 SC334291 frs-core:PlantMachinery 2023-11-30 SC334291 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC334291 frs-core:PlantMachinery 2022-11-30 SC334291 frs-core:WithinOneYear 2023-11-30 SC334291 frs-core:ShareCapital 2023-11-30 SC334291 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC334291 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC334291 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC334291 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC334291 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC334291 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC334291 1 2022-12-01 2023-11-30 SC334291 frs-core:DeferredTaxation 2022-12-01 2023-11-30 SC334291 frs-core:DeferredTaxation 2022-11-30 SC334291 frs-core:DeferredTaxation 2023-11-30 SC334291 frs-core:OtherProvisionsContingentLiabilities 2022-12-01 2023-11-30 SC334291 frs-core:OtherProvisionsContingentLiabilities 2022-11-30 SC334291 frs-core:OtherProvisionsContingentLiabilities 2023-11-30 SC334291 frs-bus:Director1 2022-12-01 2023-11-30 SC334291 frs-core:CurrentFinancialInstruments 2 2023-11-30 SC334291 frs-countries:Scotland 2022-12-01 2023-11-30 SC334291 2021-11-30 SC334291 2022-11-30 SC334291 2021-12-01 2022-11-30 SC334291 frs-core:CurrentFinancialInstruments 2022-11-30 SC334291 frs-core:Non-currentFinancialInstruments 2022-11-30 SC334291 frs-core:BetweenOneFiveYears 2022-11-30 SC334291 frs-core:MotorVehicles 2021-12-01 2022-11-30 SC334291 frs-core:WithinOneYear 2022-11-30 SC334291 frs-core:ShareCapital 2022-11-30 SC334291 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 SC334291 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: SC334291
B. Reilly Lift Services Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2023
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC334291
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,766 71,811
54,766 71,811
CURRENT ASSETS
Stocks 5 15,842 10,625
Debtors 6 187,009 83,082
Cash at bank and in hand 110,100 167,817
312,951 261,524
Creditors: Amounts Falling Due Within One Year 7 (124,730 ) (80,003 )
NET CURRENT ASSETS (LIABILITIES) 188,221 181,521
TOTAL ASSETS LESS CURRENT LIABILITIES 242,987 253,332
Creditors: Amounts Falling Due After More Than One Year 8 - (7,166 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 11 (13,973 ) (9,333 )
Deferred Taxation 10 (4,804 ) (5,407 )
NET ASSETS 224,210 231,426
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 224,110 231,326
SHAREHOLDERS' FUNDS 224,210 231,426
Page 1
Page 2
For the year ending 30 November 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 Brian Reilly
Director
08/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
B. Reilly Lift Services Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC334291 . The registered office is 19 Tennant Avenue, East Kilbride, Glasgow, G74 5NA.
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. 
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:
Leasehold 25% - reducing balance basis
Plant & Machinery 25% - reducing balance basis
Motor Vehicles 25% - reducing balance basis
Computer Equipment 25% - reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2022: 16)
15 16
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 650 13,116 143,208 815 157,789
Additions - - - 968 968
As at 30 November 2023 650 13,116 143,208 1,783 158,757
Depreciation
As at 1 December 2022 636 9,378 75,359 605 85,978
Provided during the period 4 935 16,962 112 18,013
As at 30 November 2023 640 10,313 92,321 717 103,991
Net Book Value
As at 30 November 2023 10 2,803 50,887 1,066 54,766
As at 1 December 2022 14 3,738 67,849 210 71,811
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 30,222 40,296
5. Stocks
2023 2022
£ £
Stock 7,850 10,625
Work in progress 7,992 -
15,842 10,625
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Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 122,675 83,082
Other taxes and social security 663 -
Director's loan account 63,671 -
187,009 83,082
The directors loan account was unsecured, interest free and repaid post year end.
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,166 17,198
Trade creditors 8,438 6,852
Corporation tax 35,329 19,273
Other taxes and social security - 2,085
VAT 29,734 29,766
Advance contract payments and deposits 39,276 -
Accrued charges 4,787 2,130
Director's loan account - 2,699
124,730 80,003
The directors loan account was unsecured, interest free and had no fixed terms of repayment, and was repaid in full post year end.
The bank loan was unsecured and settled in full during the prior year. 
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 7,166
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,166 17,198
Later than one year and not later than five years - 7,166
7,166 24,364
7,166 24,364
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2023 2022
£ £
Other timing differences 4,804 5,407
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11. Provisions for Liabilities
Deferred Tax Other Provisions Total
£ £ £
As at 1 December 2022 5,407 9,333 14,740
Additions (603 ) 4,640 4,037
Balance at 30 November 2023 4,804 13,973 18,777
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
13. Ultimate Controlling Party
The company has no ultimate controlling party by virtue of the split in ownership of the issued share capital in the company.
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