Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC281548 Mr Frank Kerr Mrs Lesley Kerr Mrs Lesley Kerr true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC281548 2023-04-30 SC281548 2024-04-30 SC281548 2023-05-01 2024-04-30 SC281548 frs-core:CurrentFinancialInstruments 2024-04-30 SC281548 frs-core:Non-currentFinancialInstruments 2024-04-30 SC281548 frs-core:BetweenOneFiveYears 2024-04-30 SC281548 frs-core:ComputerEquipment 2024-04-30 SC281548 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC281548 frs-core:ComputerEquipment 2023-04-30 SC281548 frs-core:FurnitureFittings 2024-04-30 SC281548 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC281548 frs-core:FurnitureFittings 2023-04-30 SC281548 frs-core:MotorVehicles 2024-04-30 SC281548 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC281548 frs-core:MotorVehicles 2023-04-30 SC281548 frs-core:PlantMachinery 2024-04-30 SC281548 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC281548 frs-core:PlantMachinery 2023-04-30 SC281548 frs-core:WithinOneYear 2024-04-30 SC281548 frs-core:ShareCapital 2024-04-30 SC281548 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC281548 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC281548 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC281548 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC281548 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC281548 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC281548 1 2023-05-01 2024-04-30 SC281548 frs-bus:Director1 2023-05-01 2024-04-30 SC281548 frs-bus:Director2 2023-05-01 2024-04-30 SC281548 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 SC281548 frs-countries:Scotland 2023-05-01 2024-04-30 SC281548 2022-04-30 SC281548 2023-04-30 SC281548 2022-05-01 2023-04-30 SC281548 frs-core:CurrentFinancialInstruments 2023-04-30 SC281548 frs-core:Non-currentFinancialInstruments 2023-04-30 SC281548 frs-core:BetweenOneFiveYears 2023-04-30 SC281548 frs-core:WithinOneYear 2023-04-30 SC281548 frs-core:ShareCapital 2023-04-30 SC281548 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC281548
Baldowrie Garage Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Winton & Co
Chartered Accountants
16 Hamilton Street
Broughty Ferry
Dundee
Angus
DD5 2NR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC281548
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,076 8,919
31,076 8,919
CURRENT ASSETS
Stocks 5 9,709 9,581
Debtors 6 16,953 13,853
Cash at bank and in hand 39,733 45,357
66,395 68,791
Creditors: Amounts Falling Due Within One Year 7 (34,722 ) (34,721 )
NET CURRENT ASSETS (LIABILITIES) 31,673 34,070
TOTAL ASSETS LESS CURRENT LIABILITIES 62,749 42,989
Creditors: Amounts Falling Due After More Than One Year 8 (24,217 ) -
NET ASSETS 38,532 42,989
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 38,432 42,889
SHAREHOLDERS' FUNDS 38,532 42,989
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Page 2
For the year ending 30 April 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 Frank Kerr
Director
17/09/2024
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
Baldowrie Garage Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC281548 . The registered office is 79 Dalhousie Street, Monifieth, Angus, DD5 4EP.
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.
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 25%
Motor Vehicles 25%
Fixtures & Fittings 10%
Computer Equipment 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 13,999 18,287 22,148 5,678 60,112
Additions 1,937 31,995 - - 33,932
As at 30 April 2024 15,936 50,282 22,148 5,678 94,044
Depreciation
As at 1 May 2023 9,328 14,187 22,148 5,530 51,193
Provided during the period 2,079 9,548 - 148 11,775
As at 30 April 2024 11,407 23,735 22,148 5,678 62,968
Net Book Value
As at 30 April 2024 4,529 26,547 - - 31,076
As at 1 May 2023 4,671 4,100 - 148 8,919
5. Stocks
2024 2023
£ £
Stock 9,709 9,581
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,953 13,853
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,192 -
Trade creditors 2,184 2,467
Other creditors 5,444 4,569
Taxation and social security 23,902 27,685
34,722 34,721
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,217 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,192 -
Later than one year and not later than five years 24,217 -
27,409 -
27,409 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Ultimate Controlling Party
The controlling party is the Kerr family.
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