Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC308893 Mr Colin MacKinnon Ms Marta Briongos Bartolme Mr Colin MacKinnon Mr Colin MacKinnon false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC308893 2023-09-30 SC308893 2024-09-30 SC308893 2023-10-01 2024-09-30 SC308893 frs-core:CurrentFinancialInstruments 2024-09-30 SC308893 frs-core:ComputerEquipment 2024-09-30 SC308893 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC308893 frs-core:ComputerEquipment 2023-09-30 SC308893 frs-core:FurnitureFittings 2024-09-30 SC308893 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC308893 frs-core:FurnitureFittings 2023-09-30 SC308893 frs-core:MotorVehicles 2024-09-30 SC308893 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC308893 frs-core:MotorVehicles 2023-09-30 SC308893 frs-core:PlantMachinery 2024-09-30 SC308893 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC308893 frs-core:PlantMachinery 2023-09-30 SC308893 frs-core:ShareCapital 2024-09-30 SC308893 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC308893 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC308893 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC308893 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC308893 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC308893 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC308893 1 2023-10-01 2024-09-30 SC308893 frs-bus:Director1 2023-10-01 2024-09-30 SC308893 frs-bus:Director1 2023-09-30 SC308893 frs-bus:Director1 2024-09-30 SC308893 frs-bus:Director2 2023-10-01 2024-09-30 SC308893 frs-bus:Director2 2023-09-30 SC308893 frs-bus:Director2 2024-09-30 SC308893 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC308893 frs-core:CurrentFinancialInstruments 1 2024-09-30 SC308893 frs-countries:Scotland 2023-10-01 2024-09-30 SC308893 2022-09-30 SC308893 2023-09-30 SC308893 2022-10-01 2023-09-30 SC308893 frs-core:CurrentFinancialInstruments 2023-09-30 SC308893 frs-core:ShareCapital 2023-09-30 SC308893 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC308893 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: SC308893
Sportflight Scotland Limited
Financial Statements
For The Year Ended 30 September 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC308893
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 683 991
683 991
CURRENT ASSETS
Debtors 4 2,145 899
Cash at bank and in hand 30,294 17,678
32,439 18,577
Creditors: Amounts Falling Due Within One Year 5 (22,873 ) (16,084 )
NET CURRENT ASSETS (LIABILITIES) 9,566 2,493
TOTAL ASSETS LESS CURRENT LIABILITIES 10,249 3,484
PROVISIONS FOR LIABILITIES
Deferred Taxation (130 ) (188 )
NET ASSETS 10,119 3,296
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 10,019 3,196
SHAREHOLDERS' FUNDS 10,119 3,296
Page 1
Page 2
For the year ending 30 September 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 Colin MacKinnon
Director
21st November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% straight line
Motor Vehicles 10% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 3yr straight line
1.4. 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 year 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.
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 asset reflects 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. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
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3. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 945 2,000 408 2,630 5,983
As at 30 September 2024 945 2,000 408 2,630 5,983
Depreciation
As at 1 October 2023 754 1,200 408 2,630 4,992
Provided during the period 108 200 - - 308
As at 30 September 2024 862 1,400 408 2,630 5,300
Net Book Value
As at 30 September 2024 83 600 - - 683
As at 1 October 2023 191 800 - - 991
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,145 899
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57 -
Corporation tax 2,119 538
Deferred revenue 9,768 12,135
Accrued expenses 2,280 2,220
Directors' loan accounts 8,649 1,191
22,873 16,084
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Colin MacKinnon 915 11,705 4,247 - 8,373
Ms Marta Briongos Bartolme 276 - - - 276
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
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Page 5
2024 2023
£ £
Mr Colin MacKinnon 1,000 -
Ms Marta Briongos Bartolme 961 -
8. Controlling Party
The company's controlling party is Mr Colin MacKinnon by virtue of his ownership of 51% of the issued share capital in the company.
Page 5