Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC557200 Mr James Orr Mr James Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC557200 2023-02-28 SC557200 2024-02-29 SC557200 2023-03-01 2024-02-29 SC557200 frs-core:CurrentFinancialInstruments 2024-02-29 SC557200 frs-core:Non-currentFinancialInstruments 2024-02-29 SC557200 frs-core:ComputerEquipment 2024-02-29 SC557200 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC557200 frs-core:ComputerEquipment 2023-02-28 SC557200 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 SC557200 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC557200 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 SC557200 frs-core:MotorVehicles 2024-02-29 SC557200 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC557200 frs-core:MotorVehicles 2023-02-28 SC557200 frs-core:PlantMachinery 2024-02-29 SC557200 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC557200 frs-core:PlantMachinery 2023-02-28 SC557200 frs-core:ShareCapital 2024-02-29 SC557200 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC557200 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC557200 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC557200 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC557200 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC557200 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC557200 frs-bus:Director1 2023-03-01 2024-02-29 SC557200 frs-bus:Director2 2023-03-01 2024-02-29 SC557200 frs-countries:Scotland 2023-03-01 2024-02-29 SC557200 2022-02-28 SC557200 2023-02-28 SC557200 2022-03-01 2023-02-28 SC557200 frs-core:CurrentFinancialInstruments 2023-02-28 SC557200 frs-core:Non-currentFinancialInstruments 2023-02-28 SC557200 frs-core:ShareCapital 2023-02-28 SC557200 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC557200
Orrwood Investments Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Tax Link
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC557200
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,809 66,230
57,809 66,230
CURRENT ASSETS
Debtors 5 - 2,707
Cash at bank and in hand 8,346 3,021
8,346 5,728
Creditors: Amounts Falling Due Within One Year 6 (374,128 ) (176,738 )
NET CURRENT ASSETS (LIABILITIES) (365,782 ) (171,010 )
TOTAL ASSETS LESS CURRENT LIABILITIES (307,973 ) (104,780 )
Creditors: Amounts Falling Due After More Than One Year 7 (22,465 ) (36,941 )
NET LIABILITIES (330,438 ) (141,721 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (330,440 ) (141,723 )
SHAREHOLDERS' FUNDS (330,438) (141,721)
Page 1
Page 2
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 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 James Orr
Director
31/03/2024
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
Orrwood Investments Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC557200 . The registered office is 17 Wellgate Street, Larkhall, Lanarkshire, ML9 2AG.
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 Infinite Useful Life
Plant & Machinery Reducing Balance
Motor Vehicles Reducing Balance
Computer Equipment Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 - 45,300 40,954 2,053 88,307
Additions 3,500 - - - 3,500
As at 29 February 2024 3,500 45,300 40,954 2,053 91,807
Depreciation
As at 1 March 2023 - 11,325 10,239 513 22,077
Provided during the period - 6,116 5,528 277 11,921
As at 29 February 2024 - 17,441 15,767 790 33,998
Net Book Value
As at 29 February 2024 3,500 27,859 25,187 1,263 57,809
As at 1 March 2023 - 33,975 30,715 1,540 66,230
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5. Debtors
2024 2023
£ £
Due within one year
VAT - 2,707
- 2,707
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 64,348 70,300
VAT 750 -
Directors' loan accounts 309,030 106,438
374,128 176,738
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,465 36,941
22,465 36,941
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4