Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC606639 Mr Andrew Buchanan Mr Martin Cullen Mr Michael Duignan Mr John Robertson Mrs Linda Robertson Mr Gordon Mackay Mr Norman McLeod Mr Derek Stirling Mr Graham McClure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC606639 2023-08-31 SC606639 2024-08-31 SC606639 2023-09-01 2024-08-31 SC606639 frs-core:CurrentFinancialInstruments 2024-08-31 SC606639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC606639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC606639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SC606639 frs-core:PlantMachinery 2024-08-31 SC606639 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC606639 frs-core:PlantMachinery 2023-08-31 SC606639 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC606639 frs-bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 SC606639 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC606639 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC606639 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC606639 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC606639 frs-bus:Director1 2023-09-01 2024-08-31 SC606639 frs-bus:Director2 2023-09-01 2024-08-31 SC606639 frs-bus:Director3 2023-09-01 2024-08-31 SC606639 frs-bus:Director4 2023-09-01 2024-08-31 SC606639 frs-bus:Director5 2023-09-01 2024-08-31 SC606639 frs-bus:Director6 2023-09-01 2024-08-31 SC606639 frs-bus:Director7 2023-09-01 2024-08-31 SC606639 frs-bus:Director8 2023-09-01 2024-08-31 SC606639 frs-bus:Director9 2023-09-01 2024-08-31 SC606639 frs-countries:Scotland 2023-09-01 2024-08-31 SC606639 2022-08-31 SC606639 2023-08-31 SC606639 2022-09-01 2023-08-31 SC606639 frs-core:CurrentFinancialInstruments 2023-08-31 SC606639 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC606639
Loch Goil Watersports Club Ltd
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC606639
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,408 43,951
38,408 43,951
CURRENT ASSETS
Stocks 5 361 -
Cash at bank and in hand 42,031 31,199
42,392 31,199
Creditors: Amounts Falling Due Within One Year 6 (528 ) (510 )
NET CURRENT ASSETS (LIABILITIES) 41,864 30,689
TOTAL ASSETS LESS CURRENT LIABILITIES 80,272 74,640
NET ASSETS 80,272 74,640
Income and Expenditure Account 80,272 74,640
MEMBERS' FUNDS 80,272 74,640
Page 1
Page 2
For the year ending 31 August 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 Income and Expenditure Account.
On behalf of the board
Mr Michael Duignan
Director
9th October 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
Loch Goil Watersports Club Ltd is a private company, limited by guarantee, incorporated in Scotland, registered number SC606639 . The registered office is Suite 4 32 Kempock Street, Gourock, PA19 1NA.
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
Plant & Machinery 20% Reducing Balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 16,235 61,449 77,684
As at 31 August 2024 16,235 61,449 77,684
Depreciation
As at 1 September 2023 - 33,733 33,733
Provided during the period - 5,543 5,543
As at 31 August 2024 - 39,276 39,276
Net Book Value
As at 31 August 2024 16,235 22,173 38,408
As at 1 September 2023 16,235 27,716 43,951
5. Stocks
2024 2023
£ £
Stock 361 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals 528 510
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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