Acorah Software Products - Accounts Production 16.0.110 false true false 1 March 2023 28 February 2024 28 February 2024 SC758407 Mr Gavin Chalmers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC758407 2023-02-28 SC758407 2024-02-28 SC758407 2023-03-01 2024-02-28 SC758407 frs-core:CurrentFinancialInstruments 2024-02-28 SC758407 frs-core:ComputerEquipment 2024-02-28 SC758407 frs-core:ComputerEquipment 2023-03-01 2024-02-28 SC758407 frs-core:ComputerEquipment 2023-02-28 SC758407 frs-core:FurnitureFittings 2024-02-28 SC758407 frs-core:FurnitureFittings 2023-03-01 2024-02-28 SC758407 frs-core:FurnitureFittings 2023-02-28 SC758407 frs-core:ShareCapital 2024-02-28 SC758407 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC758407 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC758407 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC758407 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC758407 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC758407 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC758407 frs-bus:Director1 2023-03-01 2024-02-28 SC758407 frs-bus:Director1 2023-02-28 SC758407 frs-bus:Director1 2024-02-28 SC758407 frs-countries:Scotland 2023-03-01 2024-02-28
Registered number: SC758407
Arrowhead Estate Agents Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC758407
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,904
3,904
CURRENT ASSETS
Cash at bank and in hand 82
82
Creditors: Amounts Falling Due Within One Year 5 (26,710 )
NET CURRENT ASSETS (LIABILITIES) (26,628 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,724 )
NET LIABILITIES (22,724 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (22,824 )
SHAREHOLDERS' FUNDS (22,724)
For the year ending 28 February 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 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 Gavin Chalmers
Director
05/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Arrowhead Estate Agents Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC758407 . The registered office is Grove House, 1 Kilmartin Place, Glasgow, G71 5PH.
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:
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 - - -
Additions 3,380 1,500 4,880
As at 28 February 2024 3,380 1,500 4,880
Depreciation
As at 1 March 2023 - - -
Provided during the period 676 300 976
As at 28 February 2024 676 300 976
Net Book Value
As at 28 February 2024 2,704 1,200 3,904
As at 1 March 2023 - - -
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024
£
Other creditors 17,600
Accruals and deferred income 6,182
Director's loan account 2,928
26,710
Within Other creditors is a sum of £17,600 owed to Arrowhead Financial Ltd (SC702070) a company in which Gavin Chalmers is a director and sole shareholder.
6. Share Capital
2024
£
Allotted, Called up and fully paid 100
7. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from the directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Gavin Chalmers - - (2,928 ) - (2,928 )
The above loan is unsecured, interest free and repayable on demand.
Page 3