Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC243599 Mr David Nelson Mr Lewis Nelson Mr David Nelson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC243599 2023-02-28 SC243599 2024-02-29 SC243599 2023-03-01 2024-02-29 SC243599 frs-core:CurrentFinancialInstruments 2024-02-29 SC243599 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 SC243599 frs-core:FurnitureFittings 2024-02-29 SC243599 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC243599 frs-core:FurnitureFittings 2023-02-28 SC243599 frs-core:NetGoodwill 2024-02-29 SC243599 frs-core:NetGoodwill 2023-03-01 2024-02-29 SC243599 frs-core:NetGoodwill 2023-02-28 SC243599 frs-core:OtherResidualIntangibleAssets 2024-02-29 SC243599 frs-core:OtherResidualIntangibleAssets 2023-02-28 SC243599 frs-core:PlantMachinery 2024-02-29 SC243599 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC243599 frs-core:PlantMachinery 2023-02-28 SC243599 frs-core:ShareCapital 2024-02-29 SC243599 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC243599 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC243599 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC243599 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC243599 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC243599 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC243599 1 2023-03-01 2024-02-29 SC243599 frs-bus:Director1 2023-03-01 2024-02-29 SC243599 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 SC243599 frs-countries:Scotland 2023-03-01 2024-02-29 SC243599 2022-02-28 SC243599 2023-02-28 SC243599 2022-03-01 2023-02-28 SC243599 frs-core:CurrentFinancialInstruments 2023-02-28 SC243599 frs-core:ShareCapital 2023-02-28 SC243599 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC243599
Gunn Projects Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC243599
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 6 2,505 2,387
Cash at bank and in hand 4,282 14,420
6,787 16,807
Creditors: Amounts Falling Due Within One Year 7 (1,734 ) (9,365 )
NET CURRENT ASSETS (LIABILITIES) 5,053 7,442
TOTAL ASSETS LESS CURRENT LIABILITIES 5,053 7,442
NET ASSETS 5,053 7,442
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 5,052 7,441
SHAREHOLDERS' FUNDS 5,053 7,442
For the year ending 29 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 David Nelson
Director
13/11/2024
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
Gunn Projects Limited is a private company, limited by shares, incorporated in Scotland, registered number SC243599 . The registered office is 29 Cambridge Avenue, Edinburgh, EH6 5AW.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets being website development were amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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% straight line
Fixtures & Fittings 10% straight line
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 March 2023 60,874 10,000 70,874
As at 29 February 2024 60,874 10,000 70,874
Amortisation
As at 1 March 2023 60,874 10,000 70,874
As at 29 February 2024 60,874 10,000 70,874
...CONTINUED
Page 2
Page 3
Net Book Value
As at 29 February 2024 - - -
As at 1 March 2023 - - -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 183,539 7,013 190,552
As at 29 February 2024 183,539 7,013 190,552
Depreciation
As at 1 March 2023 183,539 7,013 190,552
As at 29 February 2024 183,539 7,013 190,552
Net Book Value
As at 29 February 2024 - - -
As at 1 March 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10 125
Other debtors 2,495 2,262
2,505 2,387
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,707 8,196
Taxation and social security 27 1,169
1,734 9,365
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Nelson by virtue of his ownership of 100% of the issued share capital in the company.
Page 3