Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 April 2022 false 1 July 2023 30 June 2024 30 June 2024 SC473877 Mr Andrew Gunn Andrew and Morgan Gunn true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC473877 2023-06-30 SC473877 2024-06-30 SC473877 2023-07-01 2024-06-30 SC473877 frs-core:CurrentFinancialInstruments 2024-06-30 SC473877 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC473877 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC473877 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC473877 frs-core:ShareCapital 2024-06-30 SC473877 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC473877 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC473877 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC473877 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC473877 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC473877 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC473877 1 2023-07-01 2024-06-30 SC473877 frs-bus:Director1 2023-07-01 2024-06-30 SC473877 frs-bus:Director1 2023-06-30 SC473877 frs-bus:Director1 2024-06-30 SC473877 frs-countries:Scotland 2023-07-01 2024-06-30 SC473877 2022-03-31 SC473877 2023-06-30 SC473877 2022-04-01 2023-06-30 SC473877 frs-core:CurrentFinancialInstruments 2023-06-30 SC473877 frs-core:ShareCapital 2023-06-30 SC473877 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC473877
A. Gunn Professional Consultancy Limited
Financial Statements
For The Year Ended 30 June 2024
Gillespie's Fife
Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of A. Gunn Professional Consultancy Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A. Gunn Professional Consultancy Limited for the year ended 30 June 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of A. Gunn Professional Consultancy Limited , as a body, in accordance with the terms of our engagement letter dated 16 March 2015. Our work has been undertaken solely to prepare for your approval the accounts of A. Gunn Professional Consultancy Limited and state those matters that we have agreed to state to the director of A. Gunn Professional Consultancy Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. Gunn Professional Consultancy Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that A. Gunn Professional Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of A. Gunn Professional Consultancy Limited . You consider that A. Gunn Professional Consultancy Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of A. Gunn Professional Consultancy Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
26th July 2024
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
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Page 2
Balance Sheet
Registered number: SC473877
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 29,325 59,091
Cash at bank and in hand - 274
29,325 59,365
Creditors: Amounts Falling Due Within One Year 5 - (19,040 )
NET CURRENT ASSETS (LIABILITIES) 29,325 40,325
TOTAL ASSETS LESS CURRENT LIABILITIES 29,325 40,325
NET ASSETS 29,325 40,325
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 29,323 40,323
SHAREHOLDERS' FUNDS 29,325 40,325
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 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 Andrew Gunn
Director
26th July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
A. Gunn Professional Consultancy Limited is a private company, limited by shares, incorporated in Scotland, registered number SC473877 . The registered office is 53 Linnwood Drive, Leven, Fife, KY8 5AE.
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 20% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 25% reducing balance
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. Taxation
Corporation 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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2.5. 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 as follows:
30 June 2024 30 June 2023
Sales, marketing and distribution 1 1
1 1
4. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Director's loan account 29,325 59,091
29,325 59,091
5. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors - 1
Corporation tax - 17,909
VAT - 1,130
- 19,040
6. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 2 2
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Andrew Gunn 59,091 274 30,040 - 29,325
The above loan is unsecured, interest free and repayable on demand.
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8. Dividends
30 June 2024 30 June 2023
£ £
On equity shares:
Final dividend paid 11,000 83,000
11,000 83,000
Dividends of £29,325 were declared on 23 July 2024.
9. Ultimate Controlling Party
The company's ultimate controlling party is Andrew and Morgan Gunn by virtue of their ownership of 100% of the issued share capital in the company.
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